Midnight to 6am - Overnight Spot Watchers Spot...

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The old Friday Smackdown!

Maybe a stall, but we seem to be on an upwards trajectory.

We have the ingredients for the rise, to drop, there will need to be a circumstance to change the mix.

Perhaps a major sell off of paper metals?
 
Im still having dreams of spot $675 from the Fibinochi thing but i dont know if thats going to happen or not.

Can you imagine how crazy things would be at AU $675? Or even $900 like Dent says?

Oh man Id probably sell off most of my guns or tools for gold or whatever wasnt nailed down. Just the thought of it gives me the infamous obama tingle and id back up the truck at warp speed!

When people say those predictions they always sound negative or like it would be a bad thing and i just laugh and think i fkn wish!
 
Gold does seem to be running hot and maybe needs a cool off before the big break? Testing $1900 wouldnt be a bad thing and let AG catch up some.

The way premiums are skyrocketing and now delays and minimum $$ orders in effect at most all dealers in the US.
Supply and in-stock bullion is only becoming more of an issue.
A decent old US Morgan silver dollar on Apmex just above cull now pushing $40.

The way demand is growing may just push it right over the edge and stay running hot for awhile but we are watching another milestone in golds history anyway.
 
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hardyakkagold said:
The current spike in prices seems to be more of a result of some new big money entering the game rather than small investors rushing into precious metals.

I don't think the masses will wake up to the potential in silver until it is mainstream news and that won't happen until we surpass the old $50 per ounce mark.

Back in the 1970s when the precious metals had their spectacular price runs of more than 20-fold, some 6% or more of the population had some precious metals
investments, today the figure is still under 1%.

It will only require 1% extra people to enter the precious metals market to send prices sky-high and make supply almost unobtainable as supplies are so tight already.

The next few years will be interesting if you are a stacker, to say the least.
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The question is will there be sizeable enough pullbacks along the way to continue loading up
 
hardyakkagold said:
For younger stackers like yourself, I hope so.

For older ones like myself, I hope not as I am just about done with stacking and want to enjoy myself a little before I get too long in the tooth;)
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Do you have a price target in mind before you start unloading?
 
hardyakkagold said:
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Not getting excited just yet as we still have a long way to go, will only be selling bits and pieces as necessity dictates.

One of the worst mistakes a younger gold stacker can make is to always sell up when the prices reach a record high, thinking that the prices will come back down
again as they always do to buy cheaper later on.

One of these days that will no longer be the case and the inexperienced who do this will be left high and dry with the gold horse bolting out of their reach forever.
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When I feel like I need to sell part of my stash, I just drip feed sales. I might sell few ounces of silver then wait and see. Next month I might sell a bit more if prices rise even further. But I always keep a bit for myself and keep the powder dry for any decent pullbacks. So true as you say, a time might come when pullbacks are so minor that it doesn't matter anymore. That's why you always got to keep a little just in case things do get out of hand.
 
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And there it is, those end-of-week smack down. Being that the good ship Lady Silver has had a good tail wind of late, as has her Golden Sister let’s hope they shrug off this pull-back and that the wind fill their sales again next week.
 
I wonder if there is more to just investors taking their profits on Friday or some sort of manipulation.
The way metals have been travelling, I reckon that prices will slingshot back up and beyond last week’s prices within days. Tuesday morning will tell.
 
I think its looking for strong support at 2k or possibly 1900 and for the rsi to cool off some so it can really gain strength for the next leg up.

Instead of being diasappointed or anxious, just savor every moment its cheap.
We all know whats coming and once it breaks all time high it will then be support.
 
I look at this drop is standard...hedgers hv cashed out and wait for the next wave...so, no panic button is pressed atm...
 
As the AUD drops a little, London is set to open with New York 5 hours later.
Let’s see where we stand tomorrow morning.
 
Being in PM's is like playing "Snakes and Ladders"....just when ya think PM's are on the way up, ya land on Snake.

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