Silver And Gold Rising Too Fast?

Discussion in 'General Precious Metals Discussion' started by ozcopper, Apr 4, 2017.

  1. ozcopper

    ozcopper Well-Known Member Silver Stacker

    Joined:
    Jul 17, 2009
    Messages:
    17,489
    Likes Received:
    3,756
    Trophy Points:
    113
    Location:
    Australia
    Silver And Gold Rising Too Fast?

    Both metals have been on a tear... I suspect a pull back soon.
     
    ozcopper, Apr 4, 2017
    #1
  2. Soprano16

    Soprano16 Well-Known Member Silver Stacker

    Joined:
    Dec 28, 2016
    Messages:
    1,312
    Likes Received:
    1,054
    Trophy Points:
    113
    Location:
    Melbourne
    Any solid reasons as to what has mainly caused the recent spikes?
     
    Soprano16, Apr 4, 2017
    #2
  3. ozcopper

    ozcopper Well-Known Member Silver Stacker

    Joined:
    Jul 17, 2009
    Messages:
    17,489
    Likes Received:
    3,756
    Trophy Points:
    113
    Location:
    Australia
    Not anything that I am aware of.
     
    ozcopper, Apr 4, 2017
    #3
  4. serial

    serial Well-Known Member Silver Stacker

    Joined:
    Aug 19, 2012
    Messages:
    5,313
    Likes Received:
    1,742
    Trophy Points:
    113
    Location:
    wa
    interest rates held back by rba, terrorist attack in Russia, Hobart has tried to change the date of Australia day
    pick whatever reason you want
     
    serial, Apr 4, 2017
    #4
  5. silver kook

    silver kook Active Member

    Joined:
    Dec 1, 2010
    Messages:
    1,138
    Likes Received:
    1
    Trophy Points:
    36
    Location:
    Australia
    Don't worry about it rising too fast. It will go up by the stairs but when it goes down it will take the elevator.
     
    silver kook, Apr 4, 2017
    #5
  6. JulieW

    JulieW Well-Known Member Silver Stacker

    Joined:
    Oct 14, 2010
    Messages:
    13,695
    Likes Received:
    3,214
    Trophy Points:
    113
    Location:
    Australia
    Because

    [​IMG]
     
    JulieW, Apr 4, 2017
    #6
  7. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,257
    Likes Received:
    1,115
    Trophy Points:
    113
    Location:
    North Sydney
    What do members investing in gold, use to buy or sell?

    I don't know enough so I have set prices where I would sell. Like I have $2000 and 3/4 of my holdings are sold. Of course if gold started trade at $1900, I am likely revalue.

    I've been in PM for under two years, in that time I've noticed gold is beholden to rumours and stories, since unlike stocks the gold prices are much much more based on sentiment.

    So what do the long term investors use, to "sense" the market.

    Ps, even if I sold out, I'd look for a bottom to get back in. Since I'm not holding enough I need a decent delta from buy and sell, and I've set 30%.
     
    Ipv6Ready, Apr 4, 2017
    #7
  8. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,810
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    What tear ?

    They are basically where they were a year ago
     
    trew, Apr 4, 2017
    #8
  9. Golden

    Golden Member

    Joined:
    Aug 12, 2010
    Messages:
    335
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    EU
    You have to look at long term charts, it gives you perspective.
     
    Golden, Apr 4, 2017
    #9
  10. Peter

    Peter Well-Known Member

    Joined:
    Jul 28, 2009
    Messages:
    2,700
    Likes Received:
    111
    Trophy Points:
    63
    Location:
    sydney
    Onwards to $2000.
    Reason for the rise.
    Trump.
    How secure do you feel?
     
    Peter, Apr 4, 2017
    #10
  11. Jislizard

    Jislizard Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,831
    Likes Received:
    615
    Trophy Points:
    113
    Location:
    Australia
    I think you meant to say "To da Moon!!!"

    I have fairly unrealistic ideas about selling, realistically I don't want to sell any of my treasure but if the spot price doubles from what I bought the majority of the stack at, and I sell half my stack, then effectively I have got silver without spending any money (in my head)

    So if silver goes to $50, which it nearly did once, then I will sell half of the bulk of the junk silver I bought. This will achieve nothing other than showing my wife that I didn't waste the family savings a decade or so ago, and that is a good enough profit for me.
     
    Jislizard, Apr 4, 2017
    #11
  12. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

    Joined:
    Jul 20, 2014
    Messages:
    6,087
    Likes Received:
    1,060
    Trophy Points:
    113
    Location:
    Melbourne

    Started stacking about 3 years ago for the long term profits (which I believe will be short term coz current debt fueled world) and I don't worry about sensing the market. I just keep buying silver at these artificially low prices and I'm not selling until spot goes over $500 ounce. :)
     
    Skyrocket, Apr 4, 2017
    #12
  13. ozcopper

    ozcopper Well-Known Member Silver Stacker

    Joined:
    Jul 17, 2009
    Messages:
    17,489
    Likes Received:
    3,756
    Trophy Points:
    113
    Location:
    Australia
    I don't look at price so much rather value. Gold to silver ratio and gold to real estate tells me that both metals are undervalued compared to each ratio. Bullion Barron has written some good gold to real estate articles.
     
    ozcopper, Apr 4, 2017
    #13
  14. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

    Joined:
    Jan 8, 2016
    Messages:
    4,257
    Likes Received:
    1,115
    Trophy Points:
    113
    Location:
    North Sydney
    Trump doesn't worry me, he can't be worse than bush for world politics or humanity.

    Besides Trump won't do anything that will hurt big businesses, besides he is the best friends to real estate industry and the wealthy.

    He will rebalance American wealth distribution to lessen the tax on the rich and make middle America work harder. I can't see how that can be wrong, especially since that is what middle America voted for.
     
    Ipv6Ready, Apr 4, 2017
    #14
  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

    Joined:
    Oct 15, 2009
    Messages:
    9,855
    Likes Received:
    1,128
    Trophy Points:
    113
    Location:
    Australia
    Holdfast, Apr 5, 2017
    #15

Share This Page