Shoot the messenger! (not that I would in any way be miffed - provided it stayed down one week only, and started an inexorable climb...)
As of today I'm putting Silver in the too hard basket to read! I would be very supprised to see sub $1377 Gold Id be up to a wager against seeing $1250 vrs Ps, I allways loose bets .....so your probably right....not a bad poker player though lol
I have held off for months now, or perhaps more than a year, not being tempted to buy gold above $1550 and only today I said f@#K it, i'm buying 1oz with the possibility of buying more if my mood changes at the counter and low and behold the price tumbles I swear the global metal down spikes are definitely influenced by mine and mine alone purchases and that goes for my share picks too Now you know what I"m going to say don't you....." I'm long silver and gold" :| so it doesn't matter....who am I kidding only the guy in the mirror :/ BTW, the first of the Sydney dealers I went to didn't have any 1oz gold kangaroos coins in stock? maybe that was sign not to buy eh.... purchased at $1551
No, seriously - read my lips... House - you need not apply - we have a relationship already... Things are about to get very messy in the next 3 weeks...
I've held off for a year.... but $1550 was my trigger point. I was convinced it wouldn't go lower. I WAS WRONG
BUY THAT SUCKA!!!!!!! (Er, when you've reasonably judged they couldn't possibly go any lower...) Anyone? Can you help me here? Anyone? :|
itchy trigger finger :/ I was like a girl looking at a pair of shoes and couldn't resist buying something today alas it should have been a 1 oz kook... I think we may see VRS $1250 after all.
hmm US debt ceiling runs out on May 19th so you suspect the debt ceiling to be suspended again maybe indefinitely or a large long distant cap?
Yes, but also look at Euro, US & UK bonds... do you see anything there? Any extension in US debt ceiling will only be seen as a joke... the numbers mean nothing... I think - just think - shoot me if I'm wrong - that the exuberance in equity markets is about to get a serious pullback - like 2007/8... That IS what bond yields are saying - there is no doubt whatsoever... Whilst the DOW's been running up, everyone else has been left out there, wondering what the f%ck's driving the thing... On a grand scale you could liken it to a huge pump n dump... And pm's will take as much of a hit as anything else, if not moreso - just my opinion though - go check bonds for yourself...
But wouldn't seeking safe haven bonds like German, Swiss, US and UK etc push the spreads of PIIGS bonds wider to the point that they can no longer service their debt given their junk or almost junk rating. They would have to go with their handout to the ECB to request access to the ESM. There may be rush to bonds and the US dollar as you say but I don't think it would last.
