Hey Whats going on?

Golden ChipMunk

Golden ChipMunk

Well-Known Member
It seem lately alot of members are
cashing out. What is going on?
Not try to speculate.
All have different reason.
Do you knows, what I dont?
Buy a boat, or just say good bye.
Of loading super.
Silver is going Cheap?
 
I think everyone has their own priorities, personally I don't believe pm's could even go too far backwards, even though I wish they do
 
People often need cash for things in their lives are varying times. A new car, holiday, mortgage and thousands of other possible reasons. You cant pay those things in silver bars or coins so you have to sell and get some fiat.

Just look at the share market and ask those selling today do they think a crash is imminent and that's why they sold? Excluding the fund managers, most individuals would be selling because they need the cash from their investment for another reason.
 
Greek bonds problem passed. Spanish bonds problem passed. Italian bonds problem passed. Mayan doomsday passed. Fiscal cliff passed. Next debt ceiling no doubt irrelevant. French bonds problem still a couple of years away.

Time to party :P
 
Alien invading from planet Silver
aquiring back all the silver. Government start confiscating cos
they are broke?
Raise the tax?
 
Selling silver to get more silver, notice how quickly the bars got snapped up follow by bullion coins. Ppl tend to buy bullion the spot is low n numis when it's high
 
Golden ChipMunk said:
It seem lately alot of members are
cashing out. What is going on?
Not try to speculate.
All have different reason.
Do you knows, what I dont?
Buy a boat, or just say good bye.
Of loading super.
Silver is going Cheap?
Click to expand...

Your crap posts are driving people out of the market.
 
Funny thing with a lot of investments (except direct real estate), a large portion of people sell at or near the bottom, and buy at or near the top.

Real estate is slightly different, only because of the bloated entry and exit fees (agents, stamp duty, ...).
 
Don't worry too much you strange little forest creature, people use gold and silver to store their money as it's harder to access and they don't waste it as quick like fiat.

Anyone who says you can't use a boat in winter is full of crap, put the bung in and park it under the gutter and you got yourself a rain water tank.
 
I think a lot of people are seeing 2013 as pretty boring for PMs.
Most Analysts predict pretty stagnant prices, almost all have revised their outlooks recently to the downside.

We've gone through so much that should have catapulted prices in the last year, so I think some stackers are getting the hint that their "to the moon dream" is just that, a dream.
Not surprised at all to see people selling, no point of holding onto something if you have no faith in it.

EDIT: searching for link...
 
roman said:
I think a lot of people are seeing 2013 as pretty boring for PMs.
Click to expand...

So something WILL happen. I go by the fact that these people get it wrong more than right so getting it wrong again is good right?

or

So something WILL happen.
I go by the fact people own it wrong?
more than right.
so getting it wrong again is.
good right?
 
philmart said:
roman said:
I think a lot of people are seeing 2013 as pretty boring for PMs.
Click to expand...

So something WILL happen. I go by the fact that these people get it wrong more than right so getting it wrong again is good right?

or

So something WILL happen.
I go by the fact people own it wrong?
more than right.
so getting it wrong again is.
good right?
Click to expand...

Was that meant to be confusing? :lol:

Barclays Capital, BNP Paribas, Commerzbank, CPM Group, Goldman Sachs, Morgan Stanley, Scotiabank - all revised their outlooks to the downside. Everyone seems to see gold hovering in the $1700- $1800 range. We're at the point where the dust is starting to settle from all the disasters we've had to avoid, now you have to ask what can push prices higher? personally I think it's doom off for the time being.

Of course you could take the alternative route and get your forecasts from youtube hacks like stg & brotherjohn.
 
Eureka Moments said:
Golden ChipMunk said:
It seem lately alot of members are
cashing out. What is going on?
Not try to speculate.
All have different reason.
Do you knows, what I dont?
Buy a boat, or just say good bye.
Of loading super.
Silver is going Cheap?
Click to expand...

Your crap posts are driving people out of the market.
Click to expand...
don't beat around the bush, EM, just say what you mean. :lol: :lol:
 
roman said:
Barclays Capital, BNP Paribas, Commerzbank, CPM Group, Goldman Sachs, Morgan Stanley, Scotiabank - all revised their outlooks to the downside.
Click to expand...

The same guys that were touting tech bubbles and real estate bubbles when gold was sub $300 over a decade ago. Do they get anything right?
 
:rolleyes:
What is going with the silver price lately?
Drop so much within few days.
Can someone tell me the next bottom line. Is it 27.00 or 25.00
The last one was around 28.00
Top holding at 31
What the market at precious metals?
Set to crash?
 
Everyone selling Silver for guns, ammo and food. Kinda glad to see it fall I was just thinking of buying some more silver last week. Have not bought anything new in about 6 months.
 
Golden ChipMunk said:
:rolleyes:
What is going with the silver price lately?
Drop so much within few days.
Can someone tell me the next bottom line. Is it 27.00 or 25.00
The last one was around 28.00
Top holding at 31
What the market at precious metals?
Set to crash?
Click to expand...

Nobody here knows.

The gurus don't know either.
 
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