So....here we go again!

Discussion in 'Silver' started by Lurkalot, Apr 24, 2011.

  1. Lurkalot

    Lurkalot New Member

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    The start of a new week (London starts Tuesday) and Kitco is showing me 47.48USD.

    Should be an interesting few days coming up.
     
    Lurkalot, Apr 24, 2011
    #1
  2. Lurkalot

    Lurkalot New Member

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    Kitco now showing 47.55USD, yet the forum's chart reads 46.67USD....hhhhmmmm
     
    Lurkalot, Apr 24, 2011
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  3. Stedlar

    Stedlar Active Member

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    Be good to see what the price settles to after all the weirdness of the weekend
     
    Stedlar, Apr 24, 2011
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  4. Lurkalot

    Lurkalot New Member

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    Yes indeed, Stedlar. It's been a strange 'carry on'.
     
    Lurkalot, Apr 24, 2011
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  5. Teh silvers

    Teh silvers Member

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    Check out the Gold/XAU ratio in kitco.lol
     
    Teh silvers, Apr 24, 2011
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  6. XCskater

    XCskater New Member

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    Did you see Palladium and Platinum? Trading for margin only. Lost all value. Wish I had the chance to buy now, but it will sort itself before EU markets open.
     
    XCskater, Apr 24, 2011
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  7. Yippe-Ki-Ya

    Yippe-Ki-Ya New Member

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    GSR = 31.68 and falling ....

    So who wants to swap me their silver for my gold?? there MUST be lots of takers now ... ;0
     
    Yippe-Ki-Ya, Apr 25, 2011
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  8. pmfiend

    pmfiend New Member

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    I want to trade silver for gold at 20:1, but am wondering if anyone will be willing to trade my silver for their gold when at that ratio. I might have to sell the silver & buy the gold, and take the premium hit both ways. :(
     
    pmfiend, Apr 25, 2011
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  9. Teh silvers

    Teh silvers Member

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    If someone purchased 31 kooks back in january 2011 for $38 ea.

    And now there about $50 ea

    It works out that the 1oz of gold cost you only $1178

    So it's like your paying the price back in 2009.

    Intreasting.....
     
    Teh silvers, Apr 25, 2011
    #9
  10. Nugget

    Nugget Well-Known Member Silver Stacker

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    Yup
     
    Nugget, Apr 25, 2011
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  11. Citizen

    Citizen Member

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    Anyone for a pullback?
     
    Citizen, Apr 25, 2011
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  12. Nub Cannon

    Nub Cannon New Member

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    I'm waitin for the drop like a good dubstep song :p
     
    Nub Cannon, Apr 25, 2011
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  13. Silver Natural 9

    Silver Natural 9 New Member

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    Silver Natural 9, Apr 25, 2011
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  14. errol43

    errol43 New Member Silver Stacker

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    I have been thinking of putting up a stop sign on my silver buying except if I see something well under spot.

    With the AU$ so strong at the moment, I think now is the time to buy gold. With the gold price around AU$1400, it hasn't moved up in price for some time .

    There will be a large increase in the AU$ price of gold if the AU$ were to fall even back to parity with the US$.

    A GSR of 30 to1 might be the right time to do it before a lot more try to do the same thing.

    If the Chinese economy goes into any severe downturn the AU$ could drop quickly. A lot of PM forecasters are all forecasting that the price of gold will continue to rise.

    What effect will QE3 (if it eventuates in June) have on gold prices.

    Gold may be like silver, get on the bus early and enjoy the ride.

    I was thinking of buying gold when the GSRratio went to 40 to 1. I was wrong then but you can't be wrong all the time. You must make a decision and hop on the roller coaster.

    Regards Errol43
     
    errol43, Apr 25, 2011
    #14
  15. jnkmbx

    jnkmbx Well-Known Member

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    I'd be ok with it dropping like yesterdays bad baked beans stew surprise, but I'm all out of paper for the next few days.
     
    jnkmbx, Apr 25, 2011
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  16. Peter

    Peter Well-Known Member

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    Seems like silver has been bouncing of the 20 day moving average in corrections lately.Thats now about$37, about 15%.
    Might be good to think about buying then.
     
    Peter, Apr 25, 2011
    #16

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