Smack Down or Smack Up?

Discussion in 'General Precious Metals Discussion' started by SilverDJ, Oct 4, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Trying to find out the answer to that question myself. I've spent hours watching those youtubes and comments, but come to no conclusion. Any thoughts?
     
  2. fishduck

    fishduck Active Member

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    Also Oct 9-10 are big days. They have an FOMC Meeting on the 10th.
     
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  3. alor

    alor Well-Known Member Silver Stacker

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    you need to listen to Jim Willie for such a thing
    they are going to drain the London gold with cash, if HK black mask continue etc
     
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  4. kilo

    kilo Active Member Silver Stacker

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    Couple of interesting analysis if you haven't seen them already




     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I have bought some more (at 71.45 aud/gram) on expectation of an increase to gold this week.
     
    Last edited: Oct 7, 2019
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  6. Slimey

    Slimey Active Member

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    Good on you 66rounds........Hope it goes well for you. I am too much of a big fairy to commit. That is why I am destined to holiday at Lake Eildon in my 84' model Viscount Aerolite for the rest of my life instead of eating crayfish on a yacht in Monte Carlo.
     
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  7. kilo

    kilo Active Member Silver Stacker

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    ^ Wouldn't matter how rich I was, I'd pick Lake Eildon any day
     
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  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    What good is a lump of yellow metal if you can't enjoy the beauty of the world around you? The answer is it ain't good for shit. It's only good for keeping the greedy bastards up top from robbing us so blind that we don't have time to enjoy the bounties around us.

    You'll have to give us fellow stackers a spin on the Lake for an ounce of silver Slimey!
     
  9. Slimey

    Slimey Active Member

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    You could probably buy my leaky old caravan for an ounce of silver and I would actually be getting the better deal.
     
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  10. alor

    alor Well-Known Member Silver Stacker

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    you need to use a drone from above the lake, new view
     
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  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If they announce QE2, what do you expect the results to be. I would expect a run on gold, boosting spot. But the converse is it suggests kicking the can down the road longer so most may opt to cash out into better earning stocks in the mean time.
     
  12. fishduck

    fishduck Active Member

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    I personally think the market has already priced in another rate cut for now, but there is always a chance that the fed could surprise the markets on their future outlook. Currently, the fed is moving within market expectation (and pricing is therefore already accounted for) and the market isn't currently demanding as much safe haven assets in the meantime (whether the market is right or wrong about this is another debate).
    I don't think they would officially announce QE (or something in a different name) at the moment because if they could, they would have a long time ago as this could create in issue with the confidence in the US Dollar.
    Powell seems to be a bit reluctant to pull that trigger at least officially for now (although he is very active in the repo market, where they have extended their duration to intervene now, which I think is one of the reasons why PM demands might be subdued) If they announce it officially, that will rattle the markets (and would be the big one I guess you were looking for), but I don't see that happening and if they did, they would probably spin it in a different name and claim it to be a temporary measure.
     
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  13. 66rounds

    66rounds Well-Known Member Silver Stacker

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    So our expectations for the 10th then should be business as usual and a drop in spot? Let's see. I am holding out for now but set to buy again at 1400 usd or lower. Thanks as always for sharing your opinion.
     
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Next time I am down that way we will have to get together for a coffee and yarn on the shore.
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Thanks for the links. Just ordered 1 oz white lion. Pre-emptive purchase in case the price shoots up tomorrow, I won't feel so bad. If the price drops, I will get the Rat also. :D

     
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  16. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Those analysis were fairly straight forward and make sense. Always good to hear all opinions, it's useless to listen to bulls with vested interests 24/7
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    On second thought, I ordered the Mouse also. Just a note that I'm not buying these for investment - they are for collection (as is the case for QB) and the Rat (which is the lucky animal of one of my kins). For investment - I'm still holding back for a better price.

    Incidentally, the Pig is my lucky animal so I also got the gold Pig - the only other gold lunar I got.
     
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  18. alor

    alor Well-Known Member Silver Stacker

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    wish silver can be 16.00-16.50 again in the next few months
    to pick up spotted yale and white lion
     
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  19. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Don't worry about a couple dollars an ounce here or there for silver, as long as its below 30 usd you're safe if you expect 100 USD in the future as most stackers here do.
     
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  20. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The technicals for gold is bearish but I have the feeling that Trump will force a stock market correction this October so as to force the Fed to lower rates at a quicker pace. There’s no analyst that talks about this but this is my feeling. I maybe wrong though.
     
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