Down trend finish?

Caput Lupinum said:
move forward, not backward, upward not forward, and always twirling, twirling, twirling towards freedom!
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:rolleyes:

With this twirling and spining Im geting dizzy.

Some not mean to buy, as soon they purchased prices drop further.
When I buys it keep going upward. Stop meddling with the price.
 
Gold Market Update
originally published May 19th, 2013
by Clive Maund

For those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions I'm going to save you the trouble by putting the conclusions at the start: the broad US stockmarkets are approaching a parabolic blowoff top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warned to pull yourself together and take the time to calmly consider the hard facts presented below otherwise you won't be laughing at all in a few months when YOU will be lying face down in the dirt with tire tracks across your back.

http://www.clivemaund.com/gmu.php?art_id=68&date=2013-05-19
 
Gold Market Update
originally published May 19th, 2013
by Clive Maund

For those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions I'm going to save you the trouble by putting the conclusions at the start: the broad US stockmarkets are approaching a parabolic blowoff top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warned to pull yourself together and take the time to calmly consider the hard facts presented below otherwise you won't be laughing at all in a few months when YOU will be lying face down in the dirt with tire tracks across your back.
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Broken clocks are right twice a day but I'd be more impressed by commentators if they ever STFU after being wrong. If people not buying PMs now aren't wearing tyre tracks by September I hope this guy posts an article that starts, "Sorry. I'm full of shit."
 
hennypenny said:
Gold Market Update
originally published May 19th, 2013
by Clive Maund

For those of you who are short of time and are accustomed to scrolling down to the bottom of an article to read its conclusions I'm going to save you the trouble by putting the conclusions at the start: the broad US stockmarkets are approaching a parabolic blowoff top and should be sold, and gold and silver are bottoming and should be bought. If you have fallen to the floor laughing at this suggestion it is a sign that you have been brainwashed by The Ministry of Disinformation and you are warned to pull yourself together and take the time to calmly consider the hard facts presented below otherwise you won't be laughing at all in a few months when YOU will be lying face down in the dirt with tire tracks across your back.
Click to expand...

Broken clocks are right twice a day but I'd be more impressed by commentators if they ever STFU after being wrong. If people not buying PMs now aren't wearing tyre tracks by September I hope this guy posts an article that starts, "Sorry. I'm full of shit."
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hennypenny clearly does not follow clive maud who suggested shorting gold @1796... this guy could post an article that starts, "Sorry. your bank account is over flowing.". Though I admit he does have a bent toward the dramatic :)
 
thatguy wrote:
hennypenny clearly does not follow clive maud who suggested shorting gold @1796... this guy could post an article that starts, "Sorry. your bank account is over flowing.". Though I admit he does have a bent toward the dramatic
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I follow nothing but my nose, however before posting that comment I quickly googled Maund and saw this http://forums.silverstackers.com/message-441002.html

Late last year, gold was $1700+ and silver was $30+ when he predicted a big move up in both.
 
hennypenny said:
thatguy wrote:
hennypenny clearly does not follow clive maud who suggested shorting gold @1796... this guy could post an article that starts, "Sorry. your bank account is over flowing.". Though I admit he does have a bent toward the dramatic
Click to expand...

I follow nothing but my nose, however before posting that comment I quickly googled Maund and saw this http://forums.silverstackers.com/message-441002.html

Late last year, gold was $1700+ and silver was $30+ when he predicted a big move up in both.
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In a market as schizophrenic as silver, adjusting to the message of the market is crucial. If gold would have breached $1800 we would be over $2000 now... but it didn't and we arn't.

But don't despair we will get another crack @ 1800 and if it breaks fireworx there will be :D
 
Clive is right more times than he's wrong, and that's saying something in a manipulated market.
 
The fluctuating downtrend/sideways of silver wont change as a standalone event in the world. It first needs some marketwide event, like a big dollar/euro change due to good/bad economic news, a central bank operation, whatever. Then the Comex side will rush back in, increasing their current 13K net total position again to 50K or so. That's typical, since as long as the finviz charts to back in time. Then it will again be some period more expensive silver ($30?), until again the opposite happens. It's quite possible that many will see that next Comex caused uptrend as an opportunity to 'get out'. In which case the next downtrend , with the Comex again dumping to a sub 20K position, will move the price below $20. It would need a similar big new demand like 2009-2010 to avoid it. Possible though. Ugly economical news. Crisis. Those stock markets that sit now on record levels, that will surely be one of the big events downwards to come.
 
Even if it reaches the 30 $ limit, it won't pay off selling Pandas or anything else with these high premiums!

If you buy now... silver would have to hit at least 33-35 $ in order to cover the expenses due to high premiums.

This is why I'm still eyeing lower prices.

It started moving down. 22.22 $ now...
 
TreasureHunter said:
Even if it reaches the 30 $ limit, it won't pay off selling Pandas or anything else with these high premiums!

If you buy now... silver would have to hit at least 33-35 $ in order to cover the expenses due to high premiums.

This is why I'm still eyeing lower prices.

It started moving down. 22.22 $ now...
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if you want to make $$$ selling silver you have to have high volumes, so that is usually reserved for a dealer

for us we are better off selling privately to retain premiums

if you want to make money why buy pandas and high premium silver in the first place?

why not buy a 100 ounce bar or something?
 
Dont need to buy that much. Just buy rolls of 1oz.
100 oz are for motor mechanic; brick for the wheels.
Just enjoy the forum. Plenty of entertainment.
Making $1 here and there enough to keep you going.
 
Where are the days in 2011 where this question was asked at $37, coming from $39.
And what happened to that guy that earlier at spot $32 waited for $29 that didnt come, and instead he bought the 100oz bars and a box maples at just over $40
 
Pirocco said:
Where are the days in 2011 where this question was asked at $37, coming from $39.
And what happened to that guy that earlier at spot $32 waited for $29 that didnt come, and instead he bought the 100oz bars and a box maples at just over $40
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lol box of Maples at $40+ ??

he wouldnt be a happy chap about now
 
DanielM said:
TreasureHunter said:
Even if it reaches the 30 $ limit, it won't pay off selling Pandas or anything else with these high premiums!

If you buy now... silver would have to hit at least 33-35 $ in order to cover the expenses due to high premiums.

This is why I'm still eyeing lower prices.

It started moving down. 22.22 $ now...
Click to expand...

if you want to make $$$ selling silver you have to have high volumes, so that is usually reserved for a dealer

for us we are better off selling privately to retain premiums

if you want to make money why buy pandas and high premium silver in the first place?

why not buy a 100 ounce bar or something?
Click to expand...

You are right, I don't intend to buy many Pandas, just a few, but Philharmonics and Maple Leaf coins are cheaper and after all, it's the pure silver content that's most important.

I do like the bars, indeed. They're a good buy right now. Lower premium per ounce.
 
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