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 Wiccan_Seeker
INFJcounselor-idealist
 
Registered: 02/06/02
Posts: 16,431
Loc: Virgo Supercluster (or b...
Last seen: 3 hours, 9 minutes
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 Just a heads up for Precious Metals investors..
#8076970 - 02/27/08 12:03 PM (6 months, 4 days ago) |
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The four major ones (AU, AG, PD, PT) are going mental at the moment in both dollars and euros.
Gold is within 5% of the psychological $1.000 mark, that may cause a correction or run. Shortterm holders can have their first thoughts of unloading some.
Silver is within 5% of the $20/oz barrier that is considered by some the upper limit of it being a "good buy".
Palladium is just about exploding. Platinum is briskly on the rise.
So just a heads up basically. I leave the thread for discussion on all Precious Metals.
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Gr33nday43
EthnobotanicalFreak!
Registered: 01/05/08
Posts: 348
Loc: Kentucky.
Last seen: 4 hours, 15 minutes
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Re: Just a heads up for Precious Metals investors.. [Re: Wiccan_Seeker]
#8078532 - 02/27/08 06:42 PM (6 months, 4 days ago) |
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I agree!
I'm almost positive a correction will be in the future.
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http://www.shroomery.org/forums/showflat.php/Number/8039498#8039498
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 LunarEclipse
Velvet
Registered: 10/31/04
Posts: 2,386
Loc: On The Ground
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Re: Just a heads up for Precious Metals investors.. [Re: Gr33nday43]
#8080749 - 02/28/08 09:16 AM (6 months, 3 days ago) |
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Quote:
I agree!
I'm almost positive a correction will be in the future.
I sure hope you are right and that it is the near future. I figured gold should have a correction and "hedged" my physical gold position with a short of GLD (gold exchange traded fund). Paying for it already with gold continuing up! Oh well in at $ 620 with gold coins late 2006 did the GLD short at $ 945. Time will tell and letting my palladium and silver ride while hedged gold.
Edited by LunarEclipse (02/28/08 09:27 AM)
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Gr33nday43
EthnobotanicalFreak!
Registered: 01/05/08
Posts: 348
Loc: Kentucky.
Last seen: 4 hours, 15 minutes
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Re: Just a heads up for Precious Metals investors.. [Re: LunarEclipse]
#8083184 - 02/28/08 07:54 PM (6 months, 3 days ago) |
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O_O.
Have a nice day. 
Physical is the only way for me; btw.
Edited by Gr33nday43 (02/29/08 04:59 PM)
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LunarEclipse
Velvet
Registered: 10/31/04
Posts: 2,386
Loc: On The Ground
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Re: Just a heads up for Precious Metals investors.. [Re: Gr33nday43]
#8083768 - 02/28/08 09:45 PM (6 months, 3 days ago) |
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Quote:
No offense..but your a fucking idiot for shorting gold. I hope you do too.
Have a nice day.
Physical is the only way for me; btw.
I figured it was due for a breather for gold after the big fast runup and when oil sold off yesterday afternoon that looked like a good time to short. Besides I am hedging a physical long position so not a naked short.
Overall it was a nice day. Stocks down and my SPY puts up and looking for more tomorrow. Silver and palladium up yet again and more on a percentage basis than gold.
If we see ANY weakness in oil or strength in the dollar gold will be down.
And I agree only hold physical metal long don't go long GLD but the ETF is a way to short gold without doing a futures contract.
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