Week of Jun 16....dropping below $20???

Chillidog said:
many there remember silver pushing $50 so are licking their wounds. The same people would think silver is cheap at the moment and are adding to their stack.
Click to expand...

Not my problem or worry at all. I don't care about their joys or sorrows. These people did not worry about my financials when they were doing well and I wasn't.

I am looking for a good opportunity to buy pm's and a drop below $20 would be very welcome to me and others (so long as premiums don't completely erase the lows of spot).

I'm hoping that pm's drop like a lead weight!
 
thatguy said:
#Breaking - Federal Reserve #FOMC statement says no taper, Federal Funds rate UNCHANGED at 0.00-0.25%. #finance #economy

http://www.zerohedge.com/news/2013-06-19/fomc-hints-no-taper-yet

The much-anticipated statement of the most powerful body in the world is upon us -

*FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING
*FED SAYS LABOR MARKET SHOWS `FURTHER IMPROVEMENT'
*FED SAYS DOWNSIDE RISKS DIMINISHED SINCE AUTUMN
*BULLARD, GEORGE DISSENT FROM FOMC STATEMENT
and - as usual - there's a little in there for everyone.

Pre-FOMC: S&P 500 Futs 1645, 10Y 2.21%, USDJPY 95.25, Gold $1375, Oil $98.50
Click to expand...
Nothing really changed but gold's taking it hard :(
Click to expand...

Look at the 10 year rate ! 2.36% - they can't afford that Bernanke is done, bring on the new money printer

http://www.marketwatch.com/investin...=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013
 
Ronnie 666 said:
Look at the 10 year rate ! 2.36% - they can't afford that Bernanke is done, bring on the new money printer

http://www.marketwatch.com/investin...=50&lf=1&lf2=4&lf3=0&type=2&size=2&style=1013
Click to expand...
Bernanke On Soaring Rates: "We Were A Little Puzzled By That"
http://www.zerohedge.com/node/475448

QUESTION: Mr. Chairman, you've always argued that it's the stock of assets that the Federal Reserve holds which affects long-term interest rates.

How do you reconcile that with the very sharp rise in real interest rates that we've seen in recent weeks? And do you think the market is correctly interpreting what you think is most likely to be the future path of the Federal Reserve's stock of assets? Thank you.

BERNANKE: Well, we -- we were a little puzzled by that. It was -- it was bigger than can be explained, I think, by changes in the ultimate stock of asset purchases within reasonable ranges, so I think we have to conclude that there are other factors at work, as well, including, again, some optimism about the economy, maybe some uncertainty arising. So I'm agreeing with you that -- that it seems larger than can be explained by a changing view of monetary policy.
Click to expand...
anyone seen the plot?
 
I'm pretty happy that i used most of my metal for the deposit on property. Still (very) slowly accummulating though. Much slower this time around than my original purchases at circa AUD$16.
I haven't calculated it but i'm probably in the red with the metal that i have or very close to it. Not too worried about it as i'm treating the metal as savings and thus i have faith that at some point it will come around again.
 
My prediction was right on the mark (silver below $20 in week of the 16th)....I did say months ago that I'd really like to see $14 silver. Keep going down, baby, way down! I'll catch you when you fall.
 
Ha. Awesome mmissinglink!

I hope you are right about that $14 level. If so I will be picking up some silver at around $15. I hope the bottom is there, and not here. But who knows.
 
Well... it got there early this morning, for a little while. That didn't take long. It's back >$20 now, but I think on life support. Condition is "grave" (no pun intended)...
 
Price looks so ever extended on a chart. If it drops any lower I don't know for how long it can be like this. Needs some sort of a pull back before continuing the down trend, but maybe this over-extension downwards is the mark of the end of the down trend. That is what I am deff thinking. Although hopefully it continues a little lower.

Another year of continuing lower prices will be awesome, as I just started to build my stack.
 
You must log in or register to reply here.
Back
Top