Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
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Stedlar
Active Member
THUCYDIDES79 said:Stedlar said:
Gold has been a DOG of an investment for Aussie physical gold holders since at least september !
Not only have they taken a beating in the AUD vs USD reversal, but they have also taken a beating from
physical silver holders as well !
So in the last 7 months gold has been a money loser for PM investors ( money loser..with regard to opportunity costs ) living in Australia
I am so glad that last August I bought silver and not gold. I felt a little bit cheap compared to my gold bug friends. Not so much now.
Turk
Active Member
Maggie said:
Hi Maggie,
No, I really don't think so. Keep buying and if the price dips buy more. We are not *anywhere* near a top yet. so any pullback will always be only a buying opportunity. People are sometimes slow to 'normalize' to the new prices and they stop buying at the new 'unfamiliar' price which seems 'expensive' now. As we hit $45 tonight I will just say, "Hey, at $50 this will look cheap". I'll be saying that until around the $500 mark, and beyond.
So far this approach has NEVER let me down.
errol43 said:
I've noticed that too. It might be due to the fact that we 'operate' when New York is open - and this is the time when most of the action occurs. Hard not to enjoy it when you are seeing history being made each night.
THUCYDIDES79 said:Stedlar said:
Gold has been a DOG of an investment for Aussie physical gold holders since at least September !
Not only have they taken a beating in the AUD vs USD reversal, but they have also taken a beating from
physical silver holders as well !
So in the last 7 months gold has been a money loser for PM investors (money loser... with regard to opportunity costs ) living in Australia
Again, the fact that the AUD has stayed so close to gold speaks VERY highly of the Aussie dollar. Our gold may not have risen much in price, but every time we purchase/import something from USA on Ebay we now pay 35% less that we did last September. Gold has 'hedged' that gain for a time, but soon you will see gold sprout wings and fly higher - she will reward your patience!
SPOT USD $45.03 now. (And AUD $42.21)
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Turk
Active Member
SPOT USD $45.19 - and still rising.
Gold $1505 and rising too.
WDAVIS price list for posterity below
http://www.wdavis.com.au/live-price-list.html
Gold $1505 and rising too.
WDAVIS price list for posterity below
http://www.wdavis.com.au/live-price-list.html
Turk
Active Member
Ridesags said:
Might be worth quoting both figures in these posts. Here's the dollar index - you can clearly see what drove the price divergence last night.
There is almost a $2 gap in the two silver prices now. It was a 2% change overnight
One AUD is now worth $1.07 USD. As I have said, I expect this trend to continue and even accelerate further in the weeks ahead.
http://www.traderslog.com/quotes-charts/?sym=DX!&gclid=CPDQ18qJrKgCFYqGpAodu0s-Hg
I think we were all expecting silver to run at some stage. I didnt think we would see $45 so quick. $50 has to be a major resistance level.... That will be an interesting psycholgical mark.
Love the fact that silver is going up, hate the reasons. We can celebrate as our wealth builds but the reality is that with that wealth comes hardship for all.
If we can hit $50 before June and it looks like its very achievable (even with a pullback), i wonder what peak POS will be.
Love the fact that silver is going up, hate the reasons. We can celebrate as our wealth builds but the reality is that with that wealth comes hardship for all.
If we can hit $50 before June and it looks like its very achievable (even with a pullback), i wonder what peak POS will be.
Turk
Active Member
hiho said:
Then a stretch it will have to be!
I hope he can stretch out to $1.20 without doing any permanent damage!
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Night stacker crew - there *might* be a bit of a price pullback later tonight. I'm not predicting it, but I would not be surprised if one occurred later in the NY session - or earlier.
One of JPMs most devious strategies is to "Do the most price damage over the longest' period of time" - especially when volumes are light.
(Many markets will be closed or working shorter hours over the Easter break, so contract volumes might be quite light going into the new week.)
This is a highly fertile time for JPM to bring out... (cue creepy music)... "The Whacker".
(If they do strike tonight, then they might also hit it again early next week, since many traders will be on holidays and the volumes will probably remain low.) Just a thought - based on past (unpleasant!) experience
**Newbies**: Again - if this happens - do not panic! Remain in your seats, with your seatbelt firmly fastened and grip the armrests tightly during these periods of turbulence. Captain Silver has flown through these storms many times before! Your investment is safe.
Should you keep buying?
-----------------------------
Absolutely! A runaway major rally with **impeccable** fundamentals may now be underway. Many people who have been waiting for a pull back are still regretting it.
Some analysts are urging caution now due to 'technicals' such as the overstretched 200 day moving average. These indicators do not address the current silver fundamentals and therefore are only as good as their underlying premises.
Remember:
If you buy, and it drops 10% - you will feel bad until it recovers. Then you simply forget it!
If you don't buy, and it shoots away from you - you will regret it for a much longer time.
(There are people here STILL regretting missed opportunities from YEARS ago! Which person do YOU want to be?)