What's Going on With Gold/Siver? Should I Invest in Oil Instead?

AGRP

AGRP

Member
Joined
Feb 20, 2010
Messages
4,183
Gold/Siver/etc are taking a nose dive. Should I move to a commodity like oil?
 
I would do the opposite: buy whatever is going down and sell whatever is going up. And I don't know if oil is going to go much higher for the short term at least. Since everyone seems to think that the fate of the world economy depends on keeping oil under $100, I think if it goes up much higher they will implement some type of solution to bring the price down for a while, such as restricting the trading of oil futures in some way or OPEC can just increase the production level. Long term I think oil is going much higher though, they won't be able to contain the price long-term.
 
Last edited:
Gold is down 7.5% from the peak. If you can't handle that kind of volatility in the PM's, you shouldn't be investing in them. Expect 25-50% swings annually.

And no, do not chase performance. It is the one strategy that is guaranteed to bankrupt you.

You should have solid diversity across as many asset classes as you can - including cash. Adjust the weightings of each based on careful analysis - or the analysis of multiple trusted others - preferably of those with multiple backgrounds, worldviews and outlooks.
 
Wait til Gold hits $1280 and Silver $25. Then load the boat... Should happen shortly...
 
just letting u know if silver ever hits 20 dollars, i'm buying shit load again.
 
i wish silver would go back to 20 and gold back to 1100 and I own a lot right now at these prices.
 
I see a lot of support for silver at both $17 and $15. Not much support between here and there.

Support for gold at $1000. A break of $1265-1280 should be looked at bearishly for both metals.

One man's reading of the charts...
 
The paper markets are in trouble. They are on the verge of being overrun by demand in the physical market:
... something serious is going on inside this comex vaults. Today we had zero activity on every front: no withdrawals , no deposits, and no deliveries.
and we have first day notice next Tuesday????? This is totally unprecedented in comex history!!
...
Looks like are banking cartel members are having trouble locating some gold. I will have to check but I believe that this is a record number of oz standing in gold for January.

and now for silver:

All I can say is another day of violent activity inside the silver vaults. Today the customer received 1,194,233 oz of silver and another customer removed 241,433 oz. Thus the net addition to the customer was a very large 952,800 oz of silver.
There were no adjustments in silver and for that matter, no adjustments in gold.
There were zero notices sent down in silver even though the open interest rose. Our banking heroes are having fits. ...
...
Note we have now crossed the 3 million oz barrier in this the weakest of all delivery months. (Friday's total 2,910,000 oz)
...
I am afraid that the end game is being played out and thus expect huge volatility on the comex and also be cognizant of the fact that paper gold and silver will deviate from the real price.
I urge all of you not to leverage. Take physical position of your metals and do not watch CNBC as they are nothing but a mouthpiece for our bankers.
Click to expand...

http://harveyorgan.blogspot.com/2011/01/open-interest-remains-high-in-gold-and.html
 
I would look at the ag ( grains ) ETF like DBA or MOO , they will go up without a raise in gold/silver , if gold/silver go up the ag's will still go up .
 
nandnor said:
Uhh crude production is peaked. oil is the best investment in the world at the moment
Click to expand...

Thanks for the info. I'm not knowledgable on that subject, you would know better than I do. But if prices go much higher, can they do anything else to knock down the prices significantly for a while, like with restricting the futures trading? I assume they will try do that since I keep hearing all this talk that it will threaten the global economy.
 
What is going on with the paper market guys? Almost all commodities are significantly lower? Is this the paper market imploding?
 
From what I'm reading, it's blatant manipulation trying to shake weak hands and break interest in the physical stuff. For example, the big move down in silver/gold yesterday took place on the Globex (with fewer participants to counter the naked selling) just after the markets closed in NYC.
 
Once silver is spot plus 10, 15 $ in premium, you'll know the paper markets are imploding.

I really think they will let it implode once the time is right (for them) because it will scare A LOT of people off as they see the spot price drop.

hazek said:
What is going on with the paper market guys? Almost all commodities are significantly lower? Is this the paper market imploding?
Click to expand...
 
You must log in or register to reply here.

Similar threads

pmbug
The ECB is worried about systemic financial system risk from a squeeze in the gold market
Replies
5
Views
232
pmbug
pmbug
PAF
More Thoughts on the BRICS and Gold versus the US and the Dollar
Replies
1
Views
272
TheTexan
TheTexan
PAF
Can the BRICS Nations Lead Us to a Better World?
Replies
4
Views
144
Anti Globalist
Anti Globalist
PAF
The Venezuela Military Deployment Is about Cronyism, Not National Security
Replies
3
Views
88
Snowball
Snowball
PAF
Powell Caved — Inflation Wins
Replies
6
Views
335
Madison320
M
Back
Top