Long Position on Silver and Gold?

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Originally Posted by roberth

This...and the DOW, NASDAQ, S&P are all reaching new highs weekly/monthly. People are looking for short term, high gain investment opportunities and the QE plays right into that short-term thinking.

PMs are a long term inflation fighter, not for day traders.

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The highs reached, are sustained for less than 1 day, hours even. I don't care if the market crest@ 16:: what ever. It doesn't reflect at the pump, grocery store, wages etc. it's a false number like ACA.

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Originally Posted by jim

The highs reached, are sustained for less than 1 day, hours even. I don't care if the market crest@ 16:: what ever. It doesn't reflect at the pump, grocery store, wages etc. it's a false number like ACA.

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^This. It only benefits the "haves".


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Originally Posted by jim

The highs reached, are sustained for less than 1 day, hours even. I don't care if the market crest@ 16:: what ever. It doesn't reflect at the pump, grocery store, wages etc. it's a false number like ACA.

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Yup...and the highs only benefit Wall Street. Main Street's great, great grandchildren are getting stuck with the bills. It is all fiat, no reflection at all on reality, not based on anything either except for the ability to move $$ from the public's pocket to the bankers and government.

And who can't wait for the beginning of "bail-ins" here? More transfers of wealth...

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Originally Posted by sellersm

^This. It only benefits the "haves".


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Sadly, I am "HAVE NOT" and I am so tired of speculating the market activities SR and LR.

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Originally Posted by sellersm

According to Stephen Leeb, this is just a propaganda campaign & smashing the gold price today lends credence to the Fed's claims that "all is well"...

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Do you think this applies equally to all precious metals?

Im thinking that it might apply even more to silver since the silver to gold ratio is historically low. Does that make sense or am I showing my lack of knowledge on PMs?

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Originally Posted by HoneyBadger

Do you think this applies equally to all precious metals?

Im thinking that it might apply even more to silver since the silver to gold ratio is historically low. Does that make sense or am I showing my lack of knowledge on PMs?

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I think it does apply to gold and silver. There are many that believe the breakout for silver will be even higher than for gold. I think the big emphasis on gold is that it's the traditional 'competitor' to a currency. Speaking of currency, that's one of the best ways to look at PMs, as a currency as opposed to an investment.

China's buying thousands of tons of gold. Not sure how much it's buying of silver...

Silver below $20 and oz. I wonder how far it will go down?

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Originally Posted by lex137

Silver below $20 and oz. I wonder how far it will go down?

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Thats the million dollar question. The two million question is how high it will go in our lifetime.

I am literally just waiting until the FED starts to taper the QE bond buying BS, which I expect will falsely make the USD go up, therefore PM's will drop.... As soon as they make the announcement, watch PM spot prices and be prepared to buy.... at least that's my strategy for the next month or two. Anyone agree/disagree?