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Asante
Mage


Registered: 02/06/02
Posts: 87,085
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: tomnl]
#15121221 - 09/23/11 03:43 AM (12 years, 5 months ago) |
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Quote:
Im hoping for a qe3 announcement this weekend!
GEEZ, why not hope for a small scale nuclear exchange between the US and China?
-------------------- Omnicyclion.org higher knowledge starts here
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geokills
∙∙∙∙☼ º¿° ☼∙∙∙∙


Registered: 05/08/01
Posts: 23,466
Loc: city of angels
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: tomnl]
#15121610 - 09/23/11 07:52 AM (12 years, 5 months ago) |
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Quote:
tomnl said:
Im hoping for a qe3 announcement this weekend!
This is not a reasonable expectation.
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-------------------- ┼ ··∙ long live the shroomery ∙·· ┼ ...╬π╥ ╥π╬...
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gkipz



Registered: 02/22/09
Posts: 238
Loc: Queens New york
Last seen: 2 years, 5 months
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: geokills]
#15121636 - 09/23/11 08:01 AM (12 years, 5 months ago) |
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The dollar is up right now ...I don't think the Feds like that very much am guessing they are going to want to bring that down soon,,the gold sell off was The same old bs ...if had money ill be looking to get in today or tomorrow
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scatmanrav
Brainy Smurf


Registered: 05/08/04
Posts: 11,483
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
#15123196 - 09/23/11 03:04 PM (12 years, 5 months ago) |
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"you cant lose money on precious metals when interest rates are near zero."
I think today many would disagree.
I'm waiting to see what the weekend and monday brings before I start jumping into gold or silver, but its time to start looking again.
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bryguy27007
Cosmonaut



Registered: 01/26/08
Posts: 10,525
Loc:
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: scatmanrav]
#15127791 - 09/24/11 02:15 PM (12 years, 5 months ago) |
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I'm on the edge of my seat to see what's going to happen on Monday. I'm not going to try and speculate, but it should be fun to watch.
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: bryguy27007]
#15128912 - 09/24/11 06:45 PM (12 years, 5 months ago) |
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What i think happened was that they raised the margin for futures trading which caused a rearrangement of some highly leveraged PM positions.
they did raise interest rates on trading PM futures.
i also heard that bernanke announced he wont be having a QE3 at this time which hints expectations for deflation and ultimately higher interest rates, and the dollar went up.
IMO this is your buying op.
The long term still looks good, us goldbugs are used to the short term dips, they happen a lot but if the fundamentals dont change, the upward trend will continue.
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
#15128974 - 09/24/11 07:05 PM (12 years, 5 months ago) |
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Also check out OPERATION TWIST. the fed has come out with a new interest rate policy.
its whi the general market took a dip and the dollar went up.
i dont think its rational though.
the plan is for thw fed to start buying long term inerest rates in order to keep them low for people who have long term variable debts
It should actually weaken the dollar unless that means the fed is also going to scale back short term bond buyinb and let them rise? i havent heard about that but i doubt it.
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Desert Elf

Registered: 08/23/11
Posts: 765
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
#15135787 - 09/26/11 07:49 AM (12 years, 5 months ago) |
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A lot of people say silver will eventually exceed gold in price. Due to it being consumed on such a large scale. But gold is better than silver in many of its applications. The only reason silver is used instead of gold is because it is cheaper. Mind, this doesn't apply to all uses. Either way If silver could reach near the same price, manufacturers would start using gold... until silver drops again.
Also, the use of precious metals at all is determined by the demand for the product. If the metals get too expensive, the end product will be too expensive, thus reducing demand for the metal...
Do you think these forecasts are a bit ambitious? I know a lot of people are buying in because they expect some not too distant windfall. But will these factors cause an equilibrium at a much lower price? I am skeptical of these claims of silver exploding in the near future. Though I still regard precious metals for their stability and sure growth. What are your thoughts? I am no expert.
-------------------- Om Bhur Bhuvah Svaha Tat Savitur Varenyam Bhargo Devasya Dhimahi Dhiyo Yo Nah Prachodayat
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Lana
Head Banana


Registered: 10/27/99
Posts: 3,109
Loc: www.MycoSupply.com
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Desert Elf]
#15135844 - 09/26/11 08:12 AM (12 years, 5 months ago) |
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Quote:
Desert Elf said: A lot of people say silver will eventually exceed gold in price. Due to it being consumed on such a large scale. But gold is better than silver in many of its applications. The only reason silver is used instead of gold is because it is cheaper. Mind, this doesn't apply to all uses. Either way If silver could reach near the same price, manufacturers would start using gold... until silver drops again.
Also, the use of precious metals at all is determined by the demand for the product. If the metals get too expensive, the end product will be too expensive, thus reducing demand for the metal...
Do you think these forecasts are a bit ambitious? I know a lot of people are buying in because they expect some not too distant windfall. But will these factors cause an equilibrium at a much lower price? I am skeptical of these claims of silver exploding in the near future. Though I still regard precious metals for their stability and sure growth. What are your thoughts? I am no expert.
Interesting post but think of it this way....
Yes, silver is used as an industrial product. With that in mind, when an economy is slow, so is manufacturing. When manufacturing is slow silver prices drop due to lack of demand.
For centuries, gold and silver have always held value but I'm not sure of a time (if ever) when the price of silver exceeded that of gold. Either way, this is a good buying opportunity. I think if either gold or silver began to show a bit of support that is..
Lana
-------------------- Myco Supply - Distributors of Mycological Products http://www.MycoSupply.com The Premiere Source for Mushroom Growing Supplies. Visit us online or call us toll free
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bryguy27007
Cosmonaut



Registered: 01/26/08
Posts: 10,525
Loc:
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Lana]
#15136323 - 09/26/11 10:37 AM (12 years, 5 months ago) |
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Actually, silver is the best electrical and thermal conductor of any metal. The amount of silver used in most products is not influenced by the market because it is such a small amount (I forgot the term). Now, if we hit 1,500 an ounce for silver we might see people switching, but at 100 an ounce I'm not sure how big the impact would be.
Oh, silver is up past 30 and gold is back up past 1600. It would have been nice to have timed that last bottom at 26 and gotten a few free ounces but I'm happy with 30.90. I wonder if this is going to hold. I see a few more calling for a dip down to 20.
Edited by bryguy27007 (09/26/11 10:40 AM)
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cole2684
Gamer



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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: bryguy27007]
#15138702 - 09/26/11 08:05 PM (12 years, 5 months ago) |
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I wish it would start climbing again already! Making me nervous.
-------------------- --------------------------------------------- I'm a man who really enjoys his taffy. ---------------------------------------------
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bryguy27007
Cosmonaut



Registered: 01/26/08
Posts: 10,525
Loc:
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: cole2684]
#15139311 - 09/26/11 10:10 PM (12 years, 5 months ago) |
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Quote:
cole2684 said: I wish it would start climbing again already! Making me nervous.
5 dollars in a day isn't fast enough for you? Or are you talking about gold?
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xtokex
Stranger
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Loc: SoCal
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: bryguy27007]
#15141353 - 09/27/11 10:44 AM (12 years, 5 months ago) |
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Tranzfixed
Hunter/Gatherer


Registered: 07/27/11
Posts: 965
Loc: Michigan
Last seen: 10 years, 7 months
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: xtokex]
#15141392 - 09/27/11 10:56 AM (12 years, 5 months ago) |
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so Wiccan are you saying that i should still buy gold/silver after how much it has already gone up? And how would i go about investing buy coins?
-------------------- "The True Guru has bestowed His most pure and sacred teachings. Chanting the name of the Lord, Har, Har, Har, my mind is transfixed and enraptured."
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Mr. Bojangles
Breathe In



Registered: 04/08/08
Posts: 1,937
Loc: The Dirty
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Tranzfixed]
#15141470 - 09/27/11 11:15 AM (12 years, 5 months ago) |
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Quote:
Tranzfixed said: so Wiccan are you saying that i should still buy gold/silver after how much it has already gone up? And how would i go about investing buy coins?
Idk where you're looking but silver dropped like a rock last week...down approx $20 since the late April high. You can buy into funds, SLV is a decent fund that seems to follow the price action of silver well enough. Indicators on it are pointing up too...it's coming out of oversold status on the RSI, MACD histogram seems to have leveled off at a bottom, and full stochastics are showing a buy signal.
-------------------- "It is dangerous to be right in matters on which the established authorities are wrong." Francois-Marie Arouet
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Shins
Fun guy



Registered: 09/15/04
Posts: 16,337
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Mr. Bojangles]
#15150941 - 09/29/11 01:36 AM (12 years, 5 months ago) |
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Dont buy slv, buy physical.
futures like slv regularly sell more certificates than they own in silver.
aside from falsely manipulating the price, your promised silver is probably not there.
its the oldest goldsmith trick in the book.
buying physical puts pressure on these short sellers and puts upwards pressure on the price as they scramble to cover their short positions.
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zappaisgod
horrid asshole


Registered: 02/11/04
Posts: 81,741
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Last seen: 7 years, 8 months
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Shins]
#15157705 - 09/30/11 12:02 PM (12 years, 5 months ago) |
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Quote:
Shins said: Dont buy slv, buy physical.
futures like slv regularly sell more certificates than they own in silver.
aside from falsely manipulating the price, your promised silver is probably not there.
its the oldest goldsmith trick in the book.
buying physical puts pressure on these short sellers and puts upwards pressure on the price as they scramble to cover their short positions.
Where you gonna put it? Under your bed?
--------------------
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Asante
Mage


Registered: 02/06/02
Posts: 87,085
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: zappaisgod]
#15161282 - 10/01/11 05:46 AM (12 years, 5 months ago) |
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-------------------- Omnicyclion.org higher knowledge starts here
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tomnl
Beginner



Registered: 06/16/08
Posts: 1,641
Loc: Under the shroom
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Asante]
#15161518 - 10/01/11 08:20 AM (12 years, 5 months ago) |
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Quote:
Wiccan_Seeker said:
Quote:
Im hoping for a qe3 announcement this weekend!
GEEZ, why not hope for a small scale nuclear exchange between the US and China?
Havent you heard yet?? QE till infinity!!
-------------------- Been away so long I hardly knew the place Gee, it's good to be back home Leave it till tomorrow to unpack my case Honey disconnect the phone I'm back in the USSA You don't know how lucky you are, boy Back in the US Back in the US Back in the USSA
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Epigallo
Stranger
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Re: WE TOLD YOU SO!! Who Is/Was/Will Be On The Shroomery Gold/Silver Bandwagon With Us? [Re: Lana]
#15161914 - 10/01/11 10:45 AM (12 years, 5 months ago) |
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Quote:
Lana said:
Quote:
Desert Elf said: A lot of people say silver will eventually exceed gold in price. Due to it being consumed on such a large scale. But gold is better than silver in many of its applications. The only reason silver is used instead of gold is because it is cheaper. Mind, this doesn't apply to all uses. Either way If silver could reach near the same price, manufacturers would start using gold... until silver drops again.
Also, the use of precious metals at all is determined by the demand for the product. If the metals get too expensive, the end product will be too expensive, thus reducing demand for the metal...
Do you think these forecasts are a bit ambitious? I know a lot of people are buying in because they expect some not too distant windfall. But will these factors cause an equilibrium at a much lower price? I am skeptical of these claims of silver exploding in the near future. Though I still regard precious metals for their stability and sure growth. What are your thoughts? I am no expert.
Interesting post but think of it this way....
Yes, silver is used as an industrial product. With that in mind, when an economy is slow, so is manufacturing. When manufacturing is slow silver prices drop due to lack of demand.
For centuries, gold and silver have always held value but I'm not sure of a time (if ever) when the price of silver exceeded that of gold. Either way, this is a good buying opportunity. I think if either gold or silver began to show a bit of support that is..
Lana
But industry hasn't really picked up that much since around 2007 has it? Why have the prices of silver and gold risen so much?
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