This is truly a depressing time for my PM investments. I have never been this low before. Silver getting crushed, dollar down, arggghhh, SGS was right, I did not sell so I could buy lower. I am a frikin idiot!
Wow, Garry. I have seen it even lower, when it fell around 50% in 2008. Boy I bought in, chasing the price down every two weeks. I had to work hard to not buy everything at once, in anticipation of even lower prices, otherwise I would miss buying at the very bottom (it came to be about a dollar lower than I thought it would go, but I did good nonetheless). I'm hoping for something similar this summer. I have my plans for paying down my supplies that I bought in mid-March for the summer, but I'm willing push it aside enough to buy some more silver if the prices drop far enough without getting too far behind in my goals. Either way, I'm ready.
@Gary - Don't know what to say that might make you feel better so.... 1) set yourself a limit as to how much you are willing to loose - once you exceed it sell. 2) Always imagine that the f'n shares could go to $0 (zero). 3) If unsure, but fear-full, sell half. 4) Don't try and second guess the market! OK.. everyone... together... THE MARKET IS ALWAYS RIGHT... the market is always right... the market, the market, THE F'N MARKET IS ALWAYS RIGHT! Oh ya!
Been there, did that, & I bought the f'n tee-shirt! Still far from even!
Right there with you. We did everything right. Metals and miners were both performing together until April, then miners tanked while metals soared. As metals correct, miners go down more. So there's no way we can win right now in these rigged markets. Most miners should be at least 50% higher from where they are, others should be up more. I am personally down $175,000 since Fukushima. Not selling, but living on credit. This is crazy. I wonder if Ben will burn the whole house down rather than let the skeletons in his closet out?
APMEX is having another $0.99 over spot per oz Silver sale right now... good for 24 hours... good on APMEX 1 oz bars, Check or wire its $34.XX per oz and by credit card its $35.XX per oz... not bad... but.. have we seen the bottom yet?... most likely not. From what i've seen, APMEX only does these flash sales when the price is gonna fall further. We shall see...
Well.. this is a little off topic, yet if i didn't value many of the folks on here, I wouldnt post this link.... just check this vid out, do some research, and ummm...lemme know what you think...
this is exactly what Rickards said would happen
ReplyDeleteOver on ZeroHedge, same idea:
ReplyDeletePrepare For A Surge Of Treasury Issuance As Soon As The Debt Ceiling Is Lifted
I wouldn't call this QE3. They aren't printing any more money, but don't worry they'll be printing again soon.
ReplyDeleteHi guys. I'm at disney world with the mild and kids. It's my birthday today too. I'm 37 today and all I can think about is this...
ReplyDeletehttp://www.youtube.com/watch?v=tpQqH4H_SUQ
So, I have a question - where does the money come from maturing TBills? I assume the fed just prints it.
ReplyDeleteGreat. I'm shorting the Dow and S&P 500 in July. I give up.
ReplyDeleteThis is truly a depressing time for my PM investments. I have never been this low before. Silver getting crushed, dollar down, arggghhh, SGS was right, I did not sell so I could buy lower. I am a frikin idiot!
ReplyDeleteDOW us up 100 points today. Go figure.
ReplyDeleteWow, Garry. I have seen it even lower, when it fell around 50% in 2008. Boy I bought in, chasing the price down every two weeks. I had to work hard to not buy everything at once, in anticipation of even lower prices, otherwise I would miss buying at the very bottom (it came to be about a dollar lower than I thought it would go, but I did good nonetheless). I'm hoping for something similar this summer. I have my plans for paying down my supplies that I bought in mid-March for the summer, but I'm willing push it aside enough to buy some more silver if the prices drop far enough without getting too far behind in my goals. Either way, I'm ready.
ReplyDeleteSE
So, essentially the US is borrowing money so that it can pay off its debts with borrowed money. I can't think of any way that could go wrong.
ReplyDeleteRemind me again why I can't do this at my bank??
so.... who is surprised by this?
ReplyDelete@Gary - Don't know what to say that might make you feel better so.... 1) set yourself a limit as to how much you are willing to loose - once you exceed it sell. 2) Always imagine that the f'n shares could go to $0 (zero). 3) If unsure, but fear-full, sell half. 4) Don't try and second guess the market! OK.. everyone... together... THE MARKET IS ALWAYS RIGHT... the market is always right... the market, the market, THE F'N MARKET IS ALWAYS RIGHT! Oh ya!
ReplyDeleteBeen there, did that, & I bought the f'n tee-shirt! Still far from even!
Silver tested Feb16 and May16 low... JFC (figure it out) F'N Market!
ReplyDelete@ Garry
ReplyDeleteRight there with you. We did everything right. Metals and miners were both performing together until April, then miners tanked while metals soared. As metals correct, miners go down more. So there's no way we can win right now in these rigged markets. Most miners should be at least 50% higher from where they are, others should be up more. I am personally down $175,000 since Fukushima. Not selling, but living on credit. This is crazy. I wonder if Ben will burn the whole house down rather than let the skeletons in his closet out?
APMEX is having another $0.99 over spot per oz Silver sale right now... good for 24 hours... good on APMEX 1 oz bars, Check or wire its $34.XX per oz and by credit card its $35.XX per oz... not bad... but.. have we seen the bottom yet?... most likely not. From what i've seen, APMEX only does these flash sales when the price is gonna fall further. We shall see...
ReplyDelete@Adam ROFL I'm turning 37 next month. That shit made my day, thanks!
ReplyDeletehighrise you are right on ampex sniffing dry rot .... wait till 30? I dont see the metals doing anything for 6 weeks.
ReplyDeleteWell.. this is a little off topic, yet if i didn't value many of the folks on here, I wouldnt post this link.... just check this vid out, do some research, and ummm...lemme know what you think...
ReplyDeletehttp://www.youtube.com/watch?v=6FRvEd-_Cfs&feature=feedf
SGS, I heard it was illegal to buy Gold over the counter now. Is this true?
ReplyDelete