Long Position on Silver and Gold?

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Originally Posted by BushMasterBoy

...talk in the Kitco silver forum is it is going lower.

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I'm sure it will go lower. It will continue to drop until several factors (like QE) become unsustainable and then the real value of silver will be known.

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Originally Posted by HoneyBadger

I'm sure it will go lower. It will continue to drop until several factors (like QE) become unsustainable and then the real value of silver will be known.

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Agreed. I don't like to think about the value of my current PM holdings dropping, but the truth of the matter is it is and it will continue to drop... I don't plan to sell though, so what do i care? In the meantime, I watch the price and buy a little more when I think the time is right. Tactical dollar cost averaging...LOL (no fixed interval).

It's dropping because I bought in last week. :D

You're welcome.

P.S. Anyone need any PANIC priced "investment" AR's?

At what price does it become a big buy in?

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Originally Posted by brutal

At what price does it become a big buy in?

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Anytime before this:

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Originally Posted by HoneyBadger

It will continue to drop until several factors (like QE) become unsustainable and then the real value of silver will be known.

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I know some of you peruse ZH, and I seen this posted today. Someone did a big dump, and this is the reaction:

"According to Reuters, the CME, which at present has price fluctuation limits for futures contracts in some energy, agricultural commodities and financial products, but not for its precious and base metals products, is considering introducing daily limits on gold and silver futures.

"We don't have price limits in gold and silver. That's something that we are looking into," Miguel Vias, CME Group's director of metal products, said in a panel discussion at an industry event, in response to a question about how the exchange protects investors from excessive volatility"

This is a double-edged sword...Contain the volatility down or up?

Line to article: http://www.reuters.com/article/2014/...0NL1JH20140429

http://i34.photobucket.com/albums/d1...ps3bc8d235.png

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Originally Posted by <MADDOG>

I know some of you peruse ZH, and I seen this posted today:

"According to Reuters, the CME, which at present has price fluctuation limits for futures contracts in some energy, agricultural commodities and financial products, but not for its precious and base metals products, is considering introducing daily limits on gold and silver futures.
"We don't have price limits in gold and silver. That's something that we are looking into," Miguel Vias, CME Group's director of metal products, said in a panel discussion at an industry event, in response to a question about how the exchange protects investors from excessive volatility"

This is a double-edged sword...Contain the volatility down or up?

Line to article: http://www.reuters.com/article/2014/...0NL1JH20140429

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The Zero Hedge article - http://www.zerohedge.com/news/2014-0...r-manipulation :)

Thanks Roberth; I like going to the source of the source! [Beer]

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Originally Posted by <MADDOG>

Thanks Roberth; I like going to the source of the source! [Beer]

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You betcha. [Beer]

Back to point: the cynical side of me questions if this action may also be put in place to slow a collapse, as HB alludes to (and I don't disagree)...Maybe my tin foil is on too tight. [LOL]

I also find it odd most markets are flat, and PM's are down. Where's the money going?

Anyone here have a preferred shop for junk silver in the Springs? The market is at the point where I want to add a few more ounces of junk to the safe.