PM Floors Established?

[YukonCornelius]

Au- $1500
Ag- 45
Pt- 1800
Pd- 750

What are your thoughts? I suppose we'll see by weeks end.

[chad]

buy pd.

[JJ.G0ldD0t]

buy boolits

:-*

[Neuro]

AU 1250
AG 21
PT 1500
PD 580

[JJ.G0ldD0t]

AU 1250
AG 21
PT 1500
PD 580



You really think so Neuro?...

We can hope I guess. :D

Ag's back up 50 cents in just the last hour :)

[chad]

one thing i have noticed about pd is that it has virtually disappeared from ebay. there used to be pages of bars for sale. now, 5 or 6 items. can't decide if it's all been bought up and is off the market, or if people bought in at $850 expecting it to go up and have to hold out to recoup losses. either way, it's very odd.

[Neuro]

AU 1250
AG 21
PT 1500
PD 580



You really think so Neuro?...

We can hope I guess. :D

Ag's back up 50 cents in just the last hour :)
I consider those Rock Bottom floors... We certainly have support levels prior to that. AU at 1430 should be a strong support (took 3 tries to demolish that resistance)...

[Serpo]

AU 1250
AG 21
PT 1500
PD 580


Going down to the basement Neuro

[SilverMagnet]

Buying opportunity is almost over. SLV is on the way back up.

[Serpo]

Buying opportunity is almost over. SLV is on the way back up.


But But Bernanke hasnt made his speech yet and have the options expired yet........

[Eyebone]

YukonCornelius ,

That seems to be a good call, for Gold and Silver.

[Serpo]

Interesting read at this blog......his floor is 44.50

http://tfmetalsreport.blogspot.com/

[osoab]

Interesting read at this blog......his floor is 44.50

http://tfmetalsreport.blogspot.com/


We are bitching about 44.50-50 Ag prices. A double year over year. We knew a dip would occur at this point. Why get worked up?
http://www.kitco.com/lfgif/ag0365lf_ma.gif

[Serpo]

Interesting read at this blog......his floor is 44.50

http://tfmetalsreport.blogspot.com/


We are bitching about 44.50-50 Ag prices. A double year over year. We knew a dip would occur at this point. Why get worked up?
http://www.kitco.com/lfgif/ag0365lf_ma.gif


Im scared of heights....

[osoab]

Interesting read at this blog......his floor is 44.50

http://tfmetalsreport.blogspot.com/


We are bitching about 44.50-50 Ag prices. A double year over year. We knew a dip would occur at this point. Why get worked up?
http://www.kitco.com/lfgif/ag0365lf_ma.gif


Im scared of heights....

http://www.kitco.com/LFgif/ag2011.gif

2011 chart. Not very exponential.

[Trinity]

Au- $1500
Ag- 45
Pt- 1800
Pd- 750

What are your thoughts? I suppose we'll see by weeks end.


Your numbers are so close to mine, only difference is I think Silver can go to the lower 40's. After it blows through fifty in a couple of weeks of course.

[gunDriller]

AU 1250
AG 21
PT 1500
PD 580


AU 1310 - the Jan. 27, 2011 low.
AG 30 - there will be dips lower when the economy visibly goes into swan-dive mode, but they will be fleeting.

[platinumdude]

AU 1250
AG 21
PT 1500
PD 580


AU 1310 - the Jan. 27, 2011 low.
AG 30 - there will be dips lower when the economy visibly goes into swan-dive mode, but they will be fleeting.


USD isn't doing a recovery

USD 73.64 -0.14



When we do get that huge deflation crash like we did in 2007, you think PMs are going to hold?

[Shami-Amourae]

buy pd.


I was planning on doing that next. What form do you think is best, personally? I was looking at the Maples, but I don't want that inbred German lizard crone on my coin.

[platinumdude]

APMEX
10 oz Palladium Bar - $7,689.90

[chad]

buy pd.


I was planning on doing that next. What form do you think is best, personally? I was looking at the Maples, but I don't want that inbred German lizard crone on my coin.


pamp 1 ounce bars or credit suisse in assay cards. stillwater mining rounds/bars are also good. apmex has stillwater + credit bars at $40 over spot.

[Ponce]

In the good old days when silver was at it's lowest prices the US was not in the hole for almost a Trillion Dollars.........as far as I am concern is more than that......no choice for silver and gold but to go up.......... something has to take the place of the "oil dollar".

[FunnyMoney]

In the good old days when silver was at it's lowest prices the US was not in the hole for almost a Trillion Dollars.........as far as I am concern is more than that......no choice for silver and gold but to go up.......... something has to take the place of the "oil dollar".


The US is in the hole for about 14 trillion dollars, Ponce. But hey, what's a few trillion here or there?

It's actually worse than that as there are the promises, those go past about 100 trillion. But that's not going to happen. The entire world is in a big pickle. Energy costs are rising and have a very long way to go. Food and essentials are going to become relatively scarce compared to the past. All this is going to reach critical mass in about 6 more years. I dont' think the world is going to come through the next 6-9 years in very good shape. The first casualty is going to be paper money.

Right now, right here, this is the floor.

[Ponce]

Well Funny, as far as I am concer is more like therty trillion........China alone is trying to get rid of two of them and Japan in order to rebuild their country wil be getting rid of more......fun times ahead.

[Horn]

All this logical talk about markets and aggregate funds has little, or nothing to do with anything when the price is set.

[PatColo]

2011 chart. Not very exponential.


speaking of, long term charts where a big price move has been made, are best viewed with logarithmic scaling- that is, same vertical distance between say, $5 & $10 (a 100% gain), as between say $20 & $40 (also a 100% gain), and $100 & $200 etc. It puts the price moves into perspective over time.

Look at these two monthly silver charts from netdania (http://netdania.com/Products/live-streaming-currency-exchange-rates/real-time-forex-charts/FinanceChartPopUp.aspx?symbol=XAGUSD|netdania_fxa&name=Silver,%20spot) - check the "VIEW" drop-down menu to toggle from linear to logarithmic scaling. Unfortunately in the following screen-caps, netdania loses the price markings on the side in the monthly log view graph, ?!?, but mess around with it yourself using different time bars, it seems only the monthly loses the price markings, but I used it because it's the most dramatically different in appearance from the linear scaled version.

[PatColo]

the monthly log chart above is nearly useless without the price markings, here's a weekly chart comparison, notice how different esp the run from $20 to $50 appears in the 2 versions,

[Serpo]

Yes it takes away the parabolic part of the chart......

[gunDriller]

AU 1250
AG 21
PT 1500
PD 580


AU 1310 - the Jan. 27, 2011 low.
AG 30 - there will be dips lower when the economy visibly goes into swan-dive mode, but they will be fleeting.


USD isn't doing a recovery

USD 73.64 -0.14

When we do get that huge deflation crash like we did in 2007, you think PMs are going to hold?


it's hard to tell what the real prices are because there is so much manipulation - on both sides. the margin requirements are still too easy, in my opinion, although they are helpful for people who want to sell PM to raise cash. it used to be, buy 5000 ounces with $5000 + borrowed money. they've since raised the margin requirements a little, but not much, and since the paper market determines the physical price ... it's a bizarro world.

personally, i'd like to see 100% margin requirements - maybe for a month - just to force out the speculators and to see what the price is when people who really want to own PM's & are willing to pay in full.

it's hard to tell what the baseline is. but since China is sitting there with $2.9 Trillion, the direction is obvious.

[Sparky]

For silver and gold, I'll go with the two prices that were so much resistance on the way up, which are Ag $21 and Au $1000. I think we would only get to those points if this bull market took a long pause from now until Autumn 2012, similar to the pause it took in 1975-1976. I would view that as the final shakeout. The scenario would be feigned attempts by the gov't to tame inflationary pressure, but it would ultimately fail and cause a resumption in the bull PM market.

If the gov't can't even do a "pretend" fix, then the shorter term floors would probably punch below the 200DMA, or around Ag $28 $Au $1250.

Either way, I don't think this bull market is over. But when prices are on a roll, we forget how real these corrections can be.

[mick silver]

buy hand TOOLS you all may need them in a few months

[Sparky]

buy hand TOOLS you all may need them in a few months


To lower the floor? ;)