Seriously these moves are incredulous.

Discussion in 'General Precious Metals Discussion' started by QLDSILVER, Apr 12, 2013.

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  1. QLDSILVER

    QLDSILVER Member

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    Being a follower of the metals for some time I would have to honestly say I have never seen these kinds of moves which are happening at the moment. I would also admit that after being a follower of the late Bob Chapman and the living Gerald Celente I have to admit that they both stated we will see the most incredible price moves in the days/weeks in metals we have ever seen. They both stand correct, and I fear its only going to be more explosive.

    Interesting times ahead..Truely a strong constitution is required.
     
    QLDSILVER, Apr 12, 2013
    #1
  2. hiho

    hiho Active Member Silver Stacker

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    ignorance is bliss
     
    hiho, Apr 12, 2013
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  3. thatguy

    thatguy Active Member

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    Volume must be huge!
     
    thatguy, Apr 12, 2013
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  4. dollars

    dollars Active Member Silver Stacker

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    Spot silver @ A$26 oz has been my support level for ~18 months.

    Will we soon see some downward spike that even the so called die hard seasoned investors will question their resolve?

    Who really knows!

    I am ready and waiting patiently to respond if and when the hallelujah moment arrives. ( read the so called fat tail 3 to 5 standard deviation or more trade)
     
    dollars, Apr 12, 2013
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  5. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I used this oppourtunity to make my largest ever purchase(s) out of my savings...I've thrown everything I've got into it and even considered 'leverage'.

    Why anyone would be down & out about these prices has me stumped (and there are a few on the tube and blogs)...we'll never see these prices again.
     
    Clawhammer, Apr 12, 2013
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  6. hiho

    hiho Active Member Silver Stacker

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    admire your conviction ch
     
    hiho, Apr 12, 2013
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  7. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Conviction?, Nah... I was just on holidays :p
     
    Clawhammer, Apr 12, 2013
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  8. House

    House Well-Known Member Silver Stacker

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    Famous words in the PM community!
     
    House, Apr 12, 2013
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  9. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    "Too Late Too Late" will be the cry as the man with the bargains passes by!
     
    Clawhammer, Apr 12, 2013
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  10. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Damn!... I shoulda waited... I saw these prices back in 2010 :(
     
    Clawhammer, Apr 12, 2013
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  11. boneyard

    boneyard Well-Known Member Silver Stacker

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    boneyard, Apr 12, 2013
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  12. hyphenated

    hyphenated Active Member

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    Would a chartist care to comment on the shape of those Gold & Silver bounces (off 1630 and 26.8)? They look exactly llike inelastic collisions - the path taken by a steel ball-bearing dropped onto a concrete floor. Wonder which one will shatter first?
     
    hyphenated, Apr 12, 2013
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  13. pro$pector

    pro$pector New Member

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    Commodities falling, even down in the 3-5% range in one night so far tonight and the DJI near 15,000...it feels like deja vu...
     
    pro$pector, Apr 12, 2013
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  14. dragafem

    dragafem Well-Known Member Silver Stacker

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    the question is, would you dare to buy anything these days?
     
    dragafem, Apr 12, 2013
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  15. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    It's just the story of fiat currency all over again. The US dollar lost it's foundation when it's link to gold was removed and it was no longer backed by anything that was truly rare (gold) and it just became paper. The gold and silver market were also once backed by something truly rare (gold and silver) and hence reflected their true value. Once "paper" gold and silver were removed from the gold and silver standards and could be "printed" and rehypothecated at will then "paper" gold and silver became a trading fiction supported by nothing but speculation.

    So the real issue as I see it is that no-one knows the real value of gold or silver now. All we see on the charts is the current "value" of paper concepts called "Gold" and "silver". Clearly this paper construct will blow away in the wind sooner or later, along with all of the other collapsing paper castles. And when it has all fluttered away like "tears in the rain" those lumps of metal will probably re-take their thousands of year place again as stores of value. Central banks seem to be preparing for that day as we speak.


    .
     
    Shaddam IV, Apr 12, 2013
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  16. MrWags

    MrWags New Member

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    I've been following the prices of silver for almost 3 years now. Never had the financials to get involved. This drop has forced me to finally take action and buy my first ever physical silver position. 200 oz should do it I think. 1x 100oz bar, 5x 10oz bars and 50x 1oz rounds.

    What do you think?!
     
    MrWags, Apr 12, 2013
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  17. VRS

    VRS Well-Known Member Silver Stacker

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    I'm with Jonesy on this one...
     
    VRS, Apr 12, 2013
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  18. lamp

    lamp New Member

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    Juat bought a little more gold :)
     
    lamp, Apr 12, 2013
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  19. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I hope to too... if there's any left :/
     
    Clawhammer, Apr 13, 2013
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  20. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    I think this all has more to do with Japan...than the $US.
     
    Clawhammer, Apr 13, 2013
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