How odd , you're right for once! Could you please define 'climbing for a while' before I look at the chart below and get confused?
Sorry, but it is not all waffle. Wife has accounts trading gold futures here in Thailand based almost entirely on what I see in the CFTC-COT. It has not been uncommon to call turns within a few days, but not always. This is, however, only a short term indicator for traders, not something of much value for stackers looking to call long term moves.
Good advice for people here in Thailand. Round trip costs at a reputable dealer, a member of the Thai Gold Traders Association...translate to about $6 an ounce for gold. In the States, however, and probably most places, transaction costs are generally huge! The dealers mostly have small throughput, large overhead costs, and aspire to large profits. Guess where all that money comes from??????? They might not call them "transaction costs", maybe bid-sell spread would be a better term?? But if you ask them what they will pay you for something, and then ask what it would cost to buy it back the next day, you will probably be shocked (if they tell you the truth). If you are convinced that prices are at a near term peak and you will buy the stuff back $3 an once cheaper in a couple of months, fine, screw the dealer. He will screw you given the chance. Otherwise, best to sell to a friend at a higher price than what the dealer offers, but a lower price than your friend could buy anywhere else.
Just found out somebody stole all my silvers. The whole dang stack wiped out now I have no silver to sell again. Why oh why does this keep happening
Does that mean that I should invest on other valuable sources not just silver? I've some blog online about the silver. <link removed> but if silver or gold goes down at the end of 2017, I guess I'll just start investing on bitcoin
What if gold rebounds? Watch it edge higher now as the North Korean crisis unfolds. If a crisis hits, you'll be sorry for having a stack of cash and no PM's! It might take a while, though...
I haven't been following Leon's threads for a few months now ... I'm just wondering if he is still around, given gold just isn't doing what he 'predicted' ....
It's good to see that Silver Doctors website is not the only one that gets bombarded with TROLLS. _JLG. p.s. This is not in reference to you leo. Sometimes you just have to feed the trolls silver.
