Precious metals tearing it up

[jct74]

I think the bottoms for gold and silver were about $1200 and $18.25 (at the end of June), so those are 14% and 26% gains respectively in the last month and a half. The miners have actually gone up much more than the metals themselves, wish I hadn't sold mine a few weeks ago.

 

[thoughtomator]

Looks like a big middle finger pointed at Ben Bernanke.

 

[dannno]

Wow, you were selling your mining stocks when they were low?? You're supposed to buy low and sell high.

 

[jct74]

Silver Wheaton is up over 50% since June 26th... wish I would have bought that one.

http://www.google.com/finance?q=slw&ei=0RENUuD3IeSyiALKUw

 

[jct74]

silver has gone up about 18% in the past week, that is quite a move!

http://charts.kitco.com/KitcoCharts...407_iCharts_silver_chart&utm_campaign=iCharts

 

[FSP-Rebel]

Silver Wheaton is up over 50% since June 26th... wish I would have bought that one.

http://www.google.com/finance?q=slw&ei=0RENUuD3IeSyiALKUw

That's about where I bought it at a few years ago and then I proceeded to sell at 39+. They are the best metals company because they finance and then obtain locked in amounts of gold and silver at the low-low and then they cash in when the prices are up. Ron owns them too.

 

[fearthereaperx]

Short Squeeze!

 

[PaulConventionWV]

This is a blessing for me. I've got all my silver and I am prepared for some crazy returns on this investment.

We all know it's not coming down for a long time.

 

[bwlibertyman]

trying to play the market is unwise imo. I buy high and buy low and stay in. It's really too easy to get burned trying to predict the future like that.

 

[Original_Intent]

I've never had a problem selling half once the price doubles - then, aside from time, it's pretty much a free play.

I sold a bunch in the high 30s when it was on its way up to almost 50 - was kicking myself a little until the bottom fell out and it went down to sub-20 again.

Typically I am in for the long haul, but I will take some profits if I think I will get the chance to buy back in lower.

 

[wetroof]

I'm eating steak tonight.

 

[PaulConventionWV]

trying to play the market is unwise imo. I buy high and buy low and stay in. It's really too easy to get burned trying to predict the future like that.

I think silver's a lot more predictable than the stock market. If it's already below 19/oz, you know it can't go much lower, and with inflation, it's due to break its previous high at some point.

 

[oyarde]

I'm eating steak tonight.

I just have some spicy chicken , but if you would be so kind to run around saying " boogity , boogity no more QE " , that should get me up to some porterhouse

 

[GunnyFreedom]

I ended up selling all my silver out at the bottom because I still can't find work, and I had to eat. Sucks because I'm about out again and silver's climbing again. Oh well. If I hadn't gotten a bunch of silver then I wouldn't have eaten at all the last 3 weeks. Good news is I bought most of my silver between $12 and $14 so I didn't actually take a loss.

 

[fearthereaperx]

I ended up selling all my silver out at the bottom because I still can't find work, and I had to eat. Sucks because I'm about out again and silver's climbing again. Oh well. If I hadn't gotten a bunch of silver then I wouldn't have eaten at all the last 3 weeks. Good news is I bought most of my silver between $12 and $14 so I didn't actually take a loss.

Deliver pizza. And you will have both a job and a place to eat.

 

[GunnyFreedom]

Deliver pizza. And you will have both a job and a place to eat.

Already looked at that. They have a weekly turnover because around here it costs more to do the job than you actually make; and the tips suck because everyone's broke.

 

[pmbug]

Sorry to hear that Gunny.

~~~

Looks like gold (and presumably silver) have crossed over some significant lines (moving averages) as far as TA (technical analysis) goes:

http://traderdannorcini.blogspot.com/2013/08/gold-breaks-free-from-its-range-trade.html

 

[Athan]

, wish I hadn't sold mine a few weeks ago.

Your killing me Smalls...

 

[oyarde]

I ended up selling all my silver out at the bottom because I still can't find work, and I had to eat. Sucks because I'm about out again and silver's climbing again. Oh well. If I hadn't gotten a bunch of silver then I wouldn't have eaten at all the last 3 weeks. Good news is I bought most of my silver between $12 and $14 so I didn't actually take a loss.

I wish you the best of luck in the future. I am glad though that you had some $12 to sell .

 

[Zippyjuan]

This is a blessing for me. I've got all my silver and I am prepared for some crazy returns on this investment.

We all know it's not coming down for a long time.

Nobody knows what it will do in the future. Many HOPE it won't go down.