What the hell is happening to gold and silver?

[Seraphim]

It is. Patience is the key with silver. Those who endure, will be greatly rewarded.

The ratio is so out of whack that it can't continue on indefinately. 1 year? 2 years? 5 Years? Who knows. This secular bull has A LOT of time left and I am content on being patient.

Endurance wins wars.

But don't u think the gold to silver ratio is out of whack?

 

[ctiger2]

Mike Maloney talked about a massive deflation prior to hyperinflation. Looks like we're there. Hang Tight!

 

[psi2941]

It is. Patience is the key with silver. Those who endure, will be greatly rewarded.

The ratio is so out of whack that it can't continue on indefinately. 1 year? 2 years? 5 Years? Who knows. This secular bull has A LOT of time left and I am content on being patient.

Endurance wins wars.

I agree with you but if I don't listen to the other side of the argument and ponder it. I would have never given rp a shot.

 

[Seraphim]

No doubt.

I agree with you but if I don't listen to the other side of the argument and ponder it. I would have never given rp a shot.

 

[JasonC]

So is the consensus for another down day for PMs on Monday?

 

[Seraphim]

He's correct, there is always a deflationary scare just before hyperinflation...eye of the storm kind of deal.

Like it or not, global markets support silver A LOT. There is a price point (that IMO is higher then many probably think) where big money will simply move in and buy all the silver they can.

I am of the opinion that we are currently not too far off that point.

The West is becoming less relevant and the East more relevant.

These huge fluctuations in the West are nothing but NOISE. The East simply nod their heads, say thank you and buy up as much as they can EVERY WEEK.

Mike Maloney talked about a massive deflation prior to hyperinflation. Looks like we're there. Hang Tight!

 

[Seraphim]

I'm inclined to think that stocks will do worse than commodities on Monday...much, much worse. Much like today, but reverse the situation.

So is the consensus for another down day for PMs on Monday?

 

[JasonC]

Phuck it. I'm holding onto AGQ. I only had 2k in it and I'm down 800 right now.. Should be a wild ride.

 

[cthulhufan]

I can't take it anymore, APMEX is going to love me today. I was waiting to buy more when it went sub $20.00 US FRN but I can't take it anymore as I'm not convinced we'll ever see that again. If we do then I'll eat rice for several months to compensate for purchasing more...

 

[Cowlesy]

Silver is down 20% today?

 

[Perry]

Buy into that shit folks.

 

[justatrey]

Naturally I was just convinced on the need to buy silver and bought 100 ounces a couple weeks ago

 

[JasonC]

Silver is down 20% today?

Yeah

And I bought AGQ when silver was right around 40 with the intent of dumping it after a little pop to 42-44... eekk..

But on the bright side I've been in SDS (short the S&P 2x)..

 

[Cowlesy]

Yeah

And I bought AGQ when silver was right around 40 with the intent of dumping it after a little pop to 42-44... eekk..

But on the bright side I've been in SDS (short the S&P 2x)..

Ouch. I know you know about AGQ, but I don't have the stomach for that 2x daily price movement stuff when fighting the current. Look what happened to holders of SRS when the 2008 volatility finally settled.

 

[TCE]

Naturally I was just convinced on the need to buy silver and bought 100 ounces a couple weeks ago

I feel you, man. I did the same thing on the dip a little after the S&P Downgrade. This is the first time I'm down on it. I am still optimistic long-term, though. I remember I did the same thing back in 2009. I bought a bunch and it went down another $1.00 or so and I was pissed. Luckily, it has never gotten close to that price point since. Have faith.

 

[JasonC]

Yeah. I'm in very risky stuff, but I'm trading with money I am willing to completely lose. Fun Fun fun. Brb, going to the store for some Pepto..

 

[ILUVRP]

lots of margin calls going out , charts big break down , silver looks like $23/oz and gold looks like $1420/oz

 

[WilliamC]

I just couldn't help myself, I had to go buy one more ounce today, there were several people buying at Mobile Bay Coin this morning.

Yesterday they had 6 or 7 $50 face value bags of junk 90%, today they were down to 1.

Thank you market!

Now come $30 an ounce I'm gonna go start buying some silver eagles, I should be now but I have to have some restraint.

 

[Brian4Liberty]

So is the consensus for another down day for PMs on Monday?

Just as likely to go up on Monday.

 

[billjones]

Just as likely to go up on Monday.

when do markets close?