http://seekingalpha.com/article/155...-fade-the-rally?source=email_macro_view&ifp=0 In other words, the hiccup that we are seeing in gold / silver is temporary. The bottom is still not in. .
Another article telling me to get out of gold at 3 year lows and get into the stock market at all time highs. Yes! I love to sell low and buy high! (Sarcasm smiley?) I'll pass.
http://www.24hgold.com/english/news...rtley&article=3684315762G10020&redirect=False Article by the same author in late 2011. Why wasnt he telling me to sell gold then and buy stocks ? Instead he told me gold had established a floor at 1600. Haha...what a joke.
By-and-large he actually called it right. For months after the article, gold did not fall below 1600 except for briefly. It was a volatile year in 2012. @ Dustin, I certainly wasn't suggesting and I don't believe the author was either, to sell gold and buy stocks. On the contrary...I am suggesting that as we see lower prices, it's a good time to buy gold or silver or other pm's. That's just common sense in my view. That's staying ahead of the curve. .
You have to stay ahead of all curves...what if we don't see lower prices? Seemingly everyone who knows anything about the markets thinks gold can fall to 1000 or 800...what if it doesn't? As long as you wont regret missing the bottom..go ahead and keep waiting. FWIW, I'm not buying gold right now. Silver has a brighter outlook IMHO.
The ONLY guys that know where the price is going to go are those commodities traders in JP Morgan and Goldman Sachs planning their next market manipulation move Nobody else has a clue
That's why the safest move is to be buying now AND buy more if prices drop even further... You gotta be in it to win it!
Morning all, It is very easy to call dead cat bounces in a price lengthy correction - most calls will be correct. - that is a given. The first prize though goes to the ones that call the bottom. What I have noticed time and time again is that even when a real bottom is reached - there are dead cat callers still calling well after the turn - about as useful as taking a dead canary into a coal mine. They are the same ones who stand bleating about buying the dips after a major top has been reached. Time is really the only winner. Have a great morning. Gazza.
You have to go by what you believe. If you believe the bottom is already in then of course there's no point in waiting for a lower spot to buy. I don't believe the bottom is in yet but in spite of this, I am buying a little here and a little there (I shop for real bargains). I'm long term bullish but short term I'm poised to jump on the drop that I think will come in before mid September.. .
I agree with mmissinglink, some volatility coming up late august - mid Sept, I am ready to buy. As a side note, I opened my mail yesterday and the latest RSL Art Union has a prize of either $1.4 million IN GOLD or a waterfront Gold coast home. The armoured vehicle will actually deliver it to your door (approx 34kg of gold) if you request so!
Discussed here: http://forums.silverstackers.com/topic-42379-14-million-gold-bullion-first-prize.html
if the bottom hasnt formed for silver and gold because the USD is getting stronger then assumption is the AUD will also drop inline with silver and gold. Shielding us in part from the falling prices
the initial peak of around $1000 dollars has not been tested yet. I would feel more comfortable if it was tested......then I would think the bottom is nearly in.....
The money for nothing club always has the same 'advisory' behaviour. If they bought the paper, they play the bull. After they dumped the paper, they play the bear. Here is another example than aboves end 2011's case: http://www.mining.com/think-silver-has-gone-parabolic-1980-was-5-times-faster/ Sam Kirtley | April 26, 2011 Price on date of article: $45.6 Abit over a week later, it hit $32.5 His last line in this recent article: Additional disclosure: I am short GLD via a combination of option positions. He's not stupid, he advises people to do something that moves their dollars towards his short account. Aside of this, A month ago I classified seekingalpha.com in the same corner as Zerohedge/SilverDoctors, due to their wrong figure of US gold stocks, which just proved that they copypasted from the Zerohedge scene, whereas wiki's and official sources showed the right figure on a 2000 times bigger amount occasions in websearch results. Says it all on its own: incestuous stories within a number vested interest places that buy and dump paper or real doesnt matter while advising their 'customers' / counterparties to follow their position. It's just haha.
