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

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    Silver And Gold Rising Too Fast?

    Both metals have been on a tear... I suspect a pull back soon.
     
  2. Soprano16

    Soprano16 Well-Known Member Silver Stacker

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    Any solid reasons as to what has mainly caused the recent spikes?
     
  3. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    Not anything that I am aware of.
     
  4. serial

    serial Well-Known Member Silver Stacker

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    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
     
  5. silver kook

    silver kook Active Member

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    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.
     
  6. JulieW

    JulieW Well-Known Member Silver Stacker

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    Because

    [​IMG]
     
  7. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    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%.
     
  8. trew

    trew Active Member Silver Stacker

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    What tear ?

    They are basically where they were a year ago
     
  9. Golden

    Golden Member

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    You have to look at long term charts, it gives you perspective.
     
  10. Peter

    Peter Well-Known Member

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    Onwards to $2000.
    Reason for the rise.
    Trump.
    How secure do you feel?
     
  11. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    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.
     
  12. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    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. :)
     
  13. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    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.
     
  14. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    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.
     
  15. Holdfast

    Holdfast Well-Known Member Silver Stacker

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