Long Position on Silver and Gold?

[MrPrena]

I rode sprint up from 3.48 after I saw it bottom out. Planning on selling on Monday. First good investment I've made in a while...

Congrats! I hope you made tons and tons of $$ on this deal. It only took 2-3weeks to go from 2.70ish to 4.70s. lol
I snoozed (woulda coulda shoulda) and lost out.
I wanted to buy at 2.80-90s. I wrote on other forum that Masayoshi Son and Softbank will not abandon Sprint this year. I miss that ~70% ride on Stock, and about 1500% on some CALLs?
stupid stupid stupid of me.

Let me know when you figure out the price of crude, I'm waiting to go long on SM.

I thought it would go down to 38. I think it is easily possible.
Some are saying 32 is bottom.

I see where some analysts got the 32.
I am currently looking at the shale/frack activities (supply) based on season to determine the future supply. etc etc.
I think strong demand in diesel during winter can bump the demand in crude by few %, but I don't think it will be coming from transportation side.

worst case, i will do 33% @38, and 67% at 32.

[hollohas]

I not sure I believe that the demand in crude is down. I know crude is used for countless different industries, but just looking at gasoline, Americans drove more miles last year than any other year in history, by a long shot. Yeah, I know fuel efficiency is better, but it's not that much better.

I just don't believe supply and demand has all that much to do with commodity pricing.

Take copper for example. It's way down too. But supply has been down and demand is up. Doesn't compute.

Gasoline price is still up even though crude is way down. Supposedly all because a refinery or two is down for maintenance. I call BS. They are meeting demand just fine even with a couple refineries being down.

Commodity pricing is all a game and I'm not sure anyone can accurately predict future movement.

[HoneyBadger]

Congrats! I hope you made tons and tons of $$ on this deal. It only took 2-3weeks to go from 2.70ish to 4.70s. lol

I didn't make tons because I didn't have tons to put into it.

[MrPrena]

I not sure I believe that the demand in crude is down. I know crude is used for countless different industries, but just looking at gasoline, Americans drove more miles last year than any other year in history, by a long shot. Yeah, I know fuel efficiency is better, but it's not that much better.

I just don't believe supply and demand has all that much to do with commodity pricing.

Take copper for example. It's way down too. But supply has been down and demand is up. Doesn't compute.

Gasoline price is still up even though crude is way down. Supposedly all because a refinery or two is down for maintenance. I call BS. They are meeting demand just fine even with a couple refineries being down.

Commodity pricing is all a game and I'm not sure anyone can accurately predict future movement.

Yup. S&D does have part, but there are lots of other factors to drive the price up and down.

I didn't make tons because I didn't have tons to put into it.

I think we will probably see the dip of S again. (and rise again later)
Marcelo's old trade in program, and selling that to refurb company is a great idea, but it will take a while to see significant $ and maybe new subscriber #.
We shall see.

[sellersm]

Saw a couple of interesting items in an article I read today, related to rising prices, lower wages and true purchasing power of gold. Also, a very clever quote!

“Americans are getting stronger. Twenty years ago, it took two people to carry ten dollars worth of groceries. Today, a five-year old can do it.” — Henny Youngman

Currently, much points to a steady erosion of living standards. By measuring prices and salaries in gold terms, we can contrast these rather intuitive perceptions with actual data and are indeed able to reveal an illusion of nominal values. According to Keith Weiner, the wage of unskilled workers in the US in 1965 stood at 71 ounces of gold per year. In 2011, the salary of an employee in a supervisory capacity stood at the equivalent of 63 ounces of gold.


Measured in gold terms, a clear decline in purchasing power could thus be observed. In January 2001, the average purchasing power was at the same level as in 1970. On average one was able to purchase 120 ounces of gold with one’s annual income. Since then, the purchasing power of average incomes is in a downtrend, and currently stands at 38 ounces per year.


Measured in gold terms, it can thus be shown that both prices are rising and wages are declining.

[HoneyBadger]

Saw a couple of interesting items in an article I read today, related to rising prices, lower wages and true purchasing power of gold. Also, a very clever quote!

No question about it - Our currency (as with most world currencies) is being devalued at a steady and alarming rate. This is a sure way to force all but the richest into poverty.

[sniper7]

Saw a couple of interesting items in an article I read today, related to rising prices, lower wages and true purchasing power of gold. Also, a very clever quote!

Wow, really strikes you when you see it put out that way in terms of how much gold we can buy.
hard to imagine how folks could live on one salary and have one car and still have a house and support a family, now that is rare and its two incomes, or multiple jobs trying to get by. But I also wonder if it is the cost of what people buy. Cell phones, TV, Internet, other subscriptions, fast food instead of eating at home and taking lunch to work, high dollar vehicles, high dollar shopping habits, two or more vehicles, buying $5 coffees everyday or multiple times a day. It all really adds up

[Great-Kazoo]

No question about it - Our currency (as with most world currencies) is being devalued at a steady and alarming rate. This is a sure way to force all but the richest into poverty.

Actually (IMO) it's when one goes to finance something. They get told Oh your credit score's very good. You could afford to upgrade to item X for another $50-100. With out fail the gullible snag that bait hook, line & sinker.

[hollohas]

^ Agreed.

The major issue is our addiction to debt. Hell, you need a credit check for anything anymore. The radio is constantly advertising what good credit will get you. Guess what, the way you get good credit is by going into DEBT first. Hell, the fact that anyone even has a credit score is proof they purchased something they didn't have enough money for.

Debt-based transactions are the preferred method to do business.

Heaven forbid we SAVE until we can pay cash for anything anymore.

It's a messed up system.

[sellersm]

Debt? Read my signature...