Precious metals tearing it up

[westkyle]

What do you guys think of these sunshine silver rounds at apmex? They are priced pretty low to spot compared to eagles.

http://www.apmex.com/product/72283?...FlashBanner&utm_campaign=08162013product72283

 

[devil21]

What do you guys think of these sunshine silver rounds at apmex? They are priced pretty low to spot compared to eagles.

http://www.apmex.com/product/72283?...FlashBanner&utm_campaign=08162013product72283

Decent deal for plain bullion for stacking but apmex premiums are always a bit high. Ive moved from buying plain bullion to buying only eagles now when Im in the market, even with the higher premiums. They're more liquid if you have any plans to sell physical for frn's at a later date and confidence in eagles for barter is higher. So yeah any silver is good silver if you're starting up a stash.

 

[jct74]

Silver up over $24! Gold just about to break $1400.

 

[oyarde]

Copper $3.35 , Platinum $1537, Palladium $750.

 

[cbc58]

i can't help but think that a large part of the recent move in PM's is due to military tensions in the Middle East.. Obama is going to put us into war with or without congressional approval.

 

[Seraphim]

It's already started.

Isreali/American/British backed rebels that were stationed just outside the Syrian border in Jordan began moving in about 8 days ago and they seem to be accompanied by Western special forces and CIA agents.

http://www.zerohedge.com/news/2013-...nd-cia-agents-have-entered-syria-le-figaro-re

The original link is French News - the google translation is very choppy. I speak french, however.

It states the US does not appear to want to put military boots on the ground and is electing to mobilize it's proxies instead. That has already begun.

An "invasion" of sorts has already begun.

Putin not happy.

i can't help but think that a large part of the recent move in PM's is due to military tensions in the Middle East.. Obama is going to put us into war with or without congressional approval.

 

[oyarde]

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.

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[jct74]

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Gold at $1420 and silver at $24.62, that's now 18% and 35% gains from the bottoms at the end of June, I think I will sell some of my silver ETF now.

 

[Seraphim]

Every stock index has been red nearly every day for the last 2 weeks and gold/silver green nearly every day.

 

[Seraphim]

You're going to sell PM holdings as major global players are prepping for another war?

That's a bad move even if all you're doing is day trading the paper.

Gold at $1420 and silver at $24.62, that's now 18% and 35% gains from the bottoms at the end of June, I think I will sell some of my silver ETF now.

 

[oyarde]

Gold at $1420 and silver at $24.62, that's now 18% and 35% gains from the bottoms at the end of June, I think I will sell some of my silver ETF now.

I know tempts me to sell a smidgeon of gold coin I bought @ low this year and make some easy money , but I am just going to keep it.

 

[Madison320]

I think we're going to see a pattern of rising gold and other commodities each month the fed passes on tapering. These moves up might be followed by a move down in anticipation of tapering the next month. For example if the fed announces on sep 15 (I don't really know the timing) that they are not going to taper in september but maybe in october, you'll get a big move up in gold maybe for a couple weeks but then a move down as the next month looms. But the moves up are going to be bigger than the moves down.

 

[Seraphim]

It's also worthy to note that the 2nd largest buyer of gold int he world (India) is having a currency collapse:

http://www.zerohedge.com/news/2013-08-28/indian-rupee-collapses-most-over-20-years

30% loss vs a basket of int'l currencies since March and 3.88% loss yesterday alone.

I think we're going to see a pattern of rising gold and other commodities each month the fed passes on tapering. These moves up might be followed by a move down in anticipation of tapering the next month. For example if the fed announces on sep 15 (I don't really know the timing) that they are not going to taper in september but maybe in october, you'll get a big move up in gold maybe for a couple weeks but then a move down as the next month looms. But the moves up are going to be bigger than the moves down.

 

[Madison320]

It's also worthy to note that the 2nd largest buyer of gold int he world (India) is having a currency collapse:

http://www.zerohedge.com/news/2013-08-28/indian-rupee-collapses-most-over-20-years

30% loss vs a basket of int'l currencies since March and 3.88% loss yesterday alone.

Yup. And I think India is trying different ways to keep its citizens from buying gold. Our government is probably taking notes.

 

[Seraphim]

The Indian Government announced last week that it was implementing SEVERE capital controls, one of which was banning ALL gold imports.

I told my dad that day that the Indian Rupee would tank as a result and would be worth about 80% less (AT BEST) within 18 months.

So far I've been right, the Rupee has tanked since the annoucement.

The gold capital controls were to SUPPORT the Rupee...As usual Gov't officials are clueless. Fiat currencies are ruled by 2 things; FORCE and CONFIDENCE.

Capital controls destroy the latter.

Idiots.

Yup. And I think India is trying different ways to keep its citizens from buying gold. Our government is probably taking notes.

 

[pmbug]

India is the new Argentina.

 

[PaulConventionWV]

Gold at $1420 and silver at $24.62, that's now 18% and 35% gains from the bottoms at the end of June, I think I will sell some of my silver ETF now.

Why sell now? Silver still has a long way to go, I think. Do you think it's going back down? I think it's going to break new highs.

 

[jct74]

Why sell now? Silver still has a long way to go, I think. Do you think it's going back down? I think it's going to break new highs.

I only sold some (of my ETF), since it went up 35% and I needed to rebalance. I really don't know where it is headed short term, but up 35% in two months might be a good idea to take some profits. Jim Rogers thinks it may make new lows in the next year or so before resuming the bull market run, he is a person that did call for this big correction and I wouldn't be shocked if he is right on that again.

 

[oyarde]

I only sold some (of my ETF), since it went up 35% and I needed to rebalance. I really don't know where it is headed short term, but up 35% in two months might be a good idea to take some profits. Jim Rogers thinks it may make new lows in the next year or so before resuming the bull market run, he is a person that did call for this big correction and I wouldn't be shocked if he is right on that again.

Well if that were to be the case , new lows mean , buy.

 

[Madison320]

India is the new Argentina.

My guess is there's going to be a lot of Argentinas.