Time to buy?

[Cebu_4_2]

AG/AU a little low, think this is time to buy another batch?

[steyr_m]

AG/AU a little low, think this is time to buy another batch?

I was thinking the same; but six days until pay-day. :-( I think it's a good time....

[Shami-Amourae]

I'd wait longer and see how low it goes, then if it goes up $2, time to buy.

I probably won't buy unless it goes under $26.

[mamboni]

Yes, if you're a long term (>2 years) investor. This is a buying opportunity. Silver could drop a little more, $1 or $2. Then again, you can miss this dip waiting for drop that never comes. Bull markets climb a wall of worry. Trying to time them is futile. Buy, hold and have faith in the fundamentals. As for gold, same recommendations as for silver.

[EE_]

Apparently you guys weren't listening to Warren, Charlie and Bill?
Sure glad they bashed PM's when they did! Wouldn't want the kind of money fleaing the stock market to go into gold and silver...it's like they knew something?

[Sparky]

A batch here, and again below $27.

[Cebu_4_2]

I'm getting getty about it, I have sold at lows to make payments but now I have a sale to get frns so I am thinking that I want this low to last a few weeks. Accumulate more silver but this time I'll sell high and save frns for more purchase power... just thinking.

[mamboni]

Apparently you guys weren't listening to Warren, Charlie and Bill?
Sure glad they bashed PM's when they did! Wouldn't want the kind of money fleaing the stock market to go into gold and silver...it's like they knew something?

I think your instincts serve you quite well indeed. Warren, Munger and Gates are lying corrupt sacks of shit. Whatever they advise, just do the opposite and you are guaranteed to profit.

[gunDriller]

Bernanke is sounding fiscally responsible.

The mining analysts do their calculations based on $1200 an ounce gold.

I have decided to trust my government and go all-in on Facebook stock.

[Sparky]

I'm getting getty about it, I have sold at lows to make payments but now I have a sale to get frns so I am thinking that I want this low to last a few weeks. Accumulate more silver but this time I'll sell high and save frns for more purchase power... just thinking.
So, your new approach is to buy at lower prices, and sell at higher prices. Interesting strategy.

(Where's the wise-ass smiley? ;D )

[AndreaGail]

Bernanke is sounding fiscally responsible.

The mining analysts do their calculations based on $1200 an ounce gold.

I have decided to trust my government and go all-in on Facebook stock.

wise choice!
but dont hoard it all, be sure to gift some of those valuable stocks too ;)
http://www.forbes.com/sites/abrambrown/2012/05/07/why-facebook-stock-is-the-best-graduation-present-possible/

[gunDriller]

wise choice!
but dont hoard it all, be sure to gift some of those valuable stocks too ;)
http://www.forbes.com/sites/abrambrown/2012/05/07/why-facebook-stock-is-the-best-graduation-present-possible/

i will move to Argentina and start an oil company so the government can confiscate my work.

"it's all about the service". OK, i didn't make that up. i heard on the "Sons of Anarchy" TV Show. Jax' baby boy just got kidnapped.

of course, in the real world, adults are in charge. therefore the current price drop reflects the growing collective wisdom of our Leaders.


in other words

BUY BUY BUY !

BUY BUY BUY !

[beefsteak]

The mining analysts do their calculations based on $1200 an ounce gold.



Gunny,

is the remaining fraction of your quote above, taken from something Sinclair said? If yes, that isn't exactly what he said nor meant. So, pls color me confused by what I'm thinking might be an entirely tongue in cheek posting by you.


beefsteak

[ximmy]

Dealer gold isn't dropping, they are not being fooled by the manipulation. Still it would be nice to see a drop in gold and do some buying.

Silver is a great buy right now.

[Shami-Amourae]

Alessio Rastani pretty much predicted this a month ago:

From April 11th, 2012

http://www.youtube.com/watch?v=sqZWw1CE5Ag

He said Silver would drop down to around $28.50 (which happened earlier today), so we may have already seen the bottom, today.

[mamboni]

If you believe that the nation's central bank can create $trillions out of thin air to buy worthless paper assets from the large banks, and it not slowly destroy your paper wealth, then do not buy silver and gold.

If you think the government can continue to borrow $trillions per annum to spend on ever-expanding social welfare giveaways and incentivize unemployment, disability and idleness, and not slowly destroy the value of your money, then do not buy silver and gold.

If you think deficits don't matter, and the bond market is not a bubble, and foriegners will continue to buy bonds despite negative real interest rates, then do not buy gold and silver.

If you believe a central bank can buy it's own bonds with money created out of thin air, for as far as the eye can see, and it not slowly destroy your paper wealth, then do not buy silver and gold.

If you believe as I do that gold and silver are more than just metals, they are perspectives, then join me in continuing to convert your increasingly worthless paper dollars into real hard money wealth, silver and gold.

[Book]

http://www.peteglover.com/junkstore/ammo3.jpg

First things first.

:)

[gunDriller]

Gunny,

is the remaining fraction of your quote above, taken from something Sinclair said? If yes, that isn't exactly what he said nor meant. So, pls color me confused by what I'm thinking might be an entirely tongue in cheek posting by you.

beefsteak

i think it was a recent Financial Sense interview. the guy seemed knowledge-able, but his statement may have been wrong or incomplete, i.e. just representing the analysts he followed.

it might have been Nick Barisheff.

http://www.financialsensenewshour.com/broadcast/fsn2012-0509-1.mp3


mostly i was kidding, but i did listen to an interview recently where the guy mentioned the $1200 an ounce figure being used to evaluate miners.

[beefsteak]

Thanks for your reply, Gunny. When Sinclair gave the $1200pto number, he stated that it was a requirement of the regulators -- as in banking regulators -- that anyone predicting profitability say as in a Bankable Feasibility Study (what they used to call it in the olden days) had to use the $1200pto number in an underwriting mode, in order to consider the loan and calculate time to payback. The various Senior Exchanges' regulators only let the PTO fluctuate x% higher from previous levels, for new calculations as I understand it. If memory further serves, JES stated this occurred in Oct/Nov time frame annually, when these loans are renegotiated/rolled forward...or not.

That was why I was asking, and was a little confused by your context.

Thanks again.


beefsteak

[JDRock]

hell yes.

[Shami-Amourae]

The price bounced off of $28.50 again today. I think that's an indicator of it being the bottom.

[gunDriller]

The price bounced off of $28.50 again today. I think that's an indicator of it being the bottom.

i don't know about silver, but gold had very strong support from China at $1610 for the first 4 months of the year.

i would rather have an opinion, but in this case, $27 next week wouldn't surprise me. now would it it goes back up to $30.


as long as the physical industry takes its prices from the paper industry, the currency manipulators have many, many tools at their disposal.

i wonder what they say to people like the Hong Kong exchange that got shut down earlier this year. to persuade them i mean.

i wonder if they use connections to arrange favors inside of China, or maybe offer to give China military secrets.

[Sparky]

The price bounced off of $28.50 again today. I think that's an indicator of it being the bottom.

Yesterday stayed above $28.60. Today hit $28.36. That's not a bottom, that's a lower low. $26 has a bulls eye on its back.

Same as gold, which hit a lower low this morning. Now have to be thinking $1540-$1560 June/July/August time frame.

No worries though.

[ximmy]

If it can hold down until July (at least), I can make a substantial purchase...
:)sal

[Book]

I can make a substantial purchase...



http://www.waynestorage.com/sitebuildercontent/sitebuilderpictures/u-haulsplash-truck-.jpg

Money better spent on one of these fleeing Southern Cali.

:)

[Old Herb Lady]

http://www.waynestorage.com/sitebuildercontent/sitebuilderpictures/u-haulsplash-truck-.jpg

Money better spent on one of these fleeing Southern Cali.

:)

No can do. There aren't any. Mamboni done rented all of the u-hauls, backed em up & is busy adding to his stash.

[Shami-Amourae]

http://www.waynestorage.com/sitebuildercontent/sitebuilderpictures/u-haulsplash-truck-.jpg

Money better spent on one of these fleeing Southern Cali.

:)

I haven't purchased any precious metals for 1/2 a year, besides a single Morgan, so I can save up and do that.