Jislizard, that is fascinating. I started playing magic around Beta 2, and while I thought it was very fun, I didn't think it would catch on. Now it is to the point, that they sort of have a "stock-tickers" for each card. Amazing!
In modern times the powers that be have done all they can to remove precious metals from the monetary system. The powers that be can't rape and pillage a country if there is a requirement that the "dollars" being issued be tied or back-stopped by something. In the modern world they can "print" all they want. I wonder what the gov folks in the 1950s would have said if they were shown the future US and saw a $20 trillion dollar debt, plus many more trillions of underfunded liabilities? Just my opinion. Jim
There's the real world and then there's the world that "should" be. In the real world, fiat money is more or less the only game in town. In the real world, the US $$$ rules and will rule for the foreseeable future (since most of our leaders are willing to use our military for whatever means they fathom and since the next100 militaries combined are no where near the strength of the US military). I don't like any of that but I am powerless to change it. That's one of the reasons I try to educate people I know (about precious metals and fiat money) who seem open minded. Were it not for Chris Duane putting out educational videos, I wouldn't care one iota about people like that. But I give credit where credit is due. .
Crazy isn't it?! I started playing around Revised/Fallen Empires. The reason that Lions Eye Diamond spiked is because it was part of an organised buy-out. Basically every store carrying the card was hit at the same time and all their stock was bought by a small group of people who can now pretty much set the price. Several groups have been going down the reserved list and targeting a particular card and just buying up every copy. It has become such a 'thing' that Martin Shkreli , the guy who bought up the AIDS drugs and inflated the cost several hundred fold, was trolling Magic players by saying he was getting into Magic and was going to buy up all the Black Lotuses. Check out this channel https://www.youtube.com/channel/UCTp-iVOtTrKau0skmfZlo5Q the guy regularly opens 400 boxes of cards on each release and puts a similar number aside for later. He has been buying up the back stock of Ice Ages of all things. Glad I got out of the game, it was fun but took up way too much time and way too much money.
It's like looking at the previous numbers and colours that came up at a roulette wheel to determine what will come up next. Do you know why casinos display them? It's because they're totally random and will only encourage the bettor to devise a system and be more confident. Unlike the roulette wheel there are reasons why silver and other PMs move a certain way, I want to know those reasons. Looking at charts that solely make predictions based on up/downs from the past is like looking at past results from a roulette table; it's total randomness.
While price moves are not totally random, your observations are fair. It is also highlights the reason successful traders do not just look at charts that soley make predictions.... Etc. Rather, they use a number of methods to determine and take probability-based trades..... You will note in the OP the phrase used was "most likely".
I have many gold, silver and platinum coin collections I wanna sell have listed many on Gumtree with fotos if interested get in touch genuine and serious buyers or anyone you know cheers Jay Jay
Sell them to a dealer then they'll dump some futures positions and ya will make the gold, silver and platinum prices lower for all the rest of us. Thanks in advance!
Yes, inapt analogy. Roulette wheel past does not indicate future. Roulette is not organic. Traded price chart in distinction is seen as an expression of buyer/seller sentiment. Sentiment does not stop in one 'moment', and then start off totally fresh in the next moment with no continuity to the past. Not any more than your emotions do. Sentiment can change 'overnight' by an event that negligible traders have accounted for, but overwhelmingly sentiment 'evolves', and the past suggests the future. You're ignoring valuable information if you dont try to sus out a price chart imo.
I'm actually kind of hoping silver does break north, so there is less sad-sacks on the forum. ...until it's above US$21 however, I'm still that big bad bear.
Silver tumbling good & proper now. Thought I better resurrect this thread as BuggedOut didn't like me talking bearish in a bullish topic thread. lol
Premiums will be through the roof, surely. What an epic drop this has been. Any particular news which could cause this?
wonderful drop, time to load up on physical. Hoping it gets back down to the 1315's.. need more good economic news.. I'm 33% short of my gold stack. Would like to buy as much as I can before it goes back up.
Yeah sorry Topherclaus this is hardly epic compared to what's happened in the last few years. Physical demand from what I gather is really weak right now, premiums aren't going to go up. At what price will people come back in to buy I'm not sure. With the specs also at record longs, I think the most likely path is down for the next couple of months. Personally I'm going to wait until the rsi (relatively strength index) drops to 30 before I step in to buy more. Just my 2c.
Prices appear to have barely changed despite the drop from what I can see, which would make sense as people rush in to buy the 'dip' they'll get a good profit. I suspect a further dip Monday then a recovery mid week. I meant an epic drop given what it took off in 2 hours. It wasn't a crash an burn but it was an impressive fall.
What prices are you looking at? All the dealer's prices move relative to the spot price. Their premiums haven't changed.
