usaone
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Post by usaone on Apr 13, 2013 7:55:36 GMT -5
Silver has now collapsed 50% from its high.
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blackliver
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Post by blackliver on Apr 13, 2013 8:55:43 GMT -5
Only because of manipulation by evil aliens is what i read somewhere.
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frankq
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Post by frankq on Apr 13, 2013 14:32:28 GMT -5
Has anyone seen my tinfoil hat? ....
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Apr 13, 2013 14:38:42 GMT -5
Is this it? Damn cat! Always running off with the important stuff!
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frankq
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Post by frankq on Apr 13, 2013 14:39:28 GMT -5
Jeez mmhmm,
You really get around....
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Apr 13, 2013 14:41:54 GMT -5
LOL! So do you, frank, and with the way these boards are running at the moment, I'm surprised!
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frankq
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Post by frankq on Apr 13, 2013 14:43:46 GMT -5
Yeah, no kidding...
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sunrnr
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SISU
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Post by sunrnr on Apr 13, 2013 17:55:11 GMT -5
Ok, color me confused! On one hand I see pumping gold as it's price is gonna go through the roof. On the other I see debt notes, greenbacks, or whatever else you call the stuff gold is valued in, being called "worthless". I seem to remember anything times zero is still zero, right? Would that not make gold be worthless, if what it's valued in is worthless ? I'm so confused ......
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Aman A.K.A. Ahamburger
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Viva La Revolucion!
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Post by Aman A.K.A. Ahamburger on Apr 14, 2013 11:32:24 GMT -5
LOL!! Nice. Hey, I closed out most of my positions today. Couldn't pass up the gains. Just wanted to disclose in case it comes up later with our BFF's in some future discussion. Correction has to be on the way. Good time to buy back in then..... Profit, profit, profit! Since your goal with stocks right now is to make money for retirement and not set up retirement income it makes a lot of sense my friend. I think the biggest thing with investing is one goals in relation to the risk curve. Since my bell curve to retirement is quite long still, I have the luxury of buying on the dips and holding on the rips. Especially because my goal right now is to set up income for our retirement which is still possibly 30 yrs down the road. The nice thing about the buy and hold strategy in stocks is you can take on a bit of extra risk by playing "safe" investments. For instance, I like to money into an S&P account every month. When the stock market is UP as well as interest rates on bonds you are able to make a lateral move into bonds. Once people start pulling money out of stocks, interest rates goes down because of the flight to safety, and it makes the higher interest rate bonds worth more money, in some cases 10% in a matter of a month. You then take the money you have made off your bonds, add it to your dividends, reinvest in good quality companies that will be around for a long time that pay you to hold their stock(dividends!!). The bond market has worked this way for a century, at least, and will continue to work this way for years to come. This part of my buy and hold strategy isn't for everyone, but it works for people who understand how the bond market works.
Bottom line, live long and prosper while you PROFIT, PROFIT, PROFIT!
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usaone
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Post by usaone on Apr 14, 2013 21:35:21 GMT -5
Gold and Silver continue to collapse. This comes as no surprise to most of us.
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Aman A.K.A. Ahamburger
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Viva La Revolucion!
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Post by Aman A.K.A. Ahamburger on Apr 15, 2013 0:04:38 GMT -5
Off $60 right now! LOL... WOW!
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bimetalaupt
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Post by bimetalaupt on Apr 15, 2013 5:20:04 GMT -5
DUH........ WOW, that is really a PLUNGE. toot toot <dl> <dt> Gold </dt> <dd> 1,389.50 </dd> <dd> -111.90 </dd> <dd> -7.45%</dd> <dt> We are still at buy of gold at or below 1150.. Long way to fall as support was broken.. next leg to 1150..Cost to mine gold is only about $500...Gold is not a store of value.. AS the value of gold in 1492buying power of 1999 was $3,500.
</dt></dl> Just a thought, BiMetalAuPt
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frankq
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Post by frankq on Apr 15, 2013 7:00:29 GMT -5
Gold down a hundie!!! Holy shit! Dropped below $1400!!Glad I didn't chance a trade! LOL!!!
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usaone
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Post by usaone on Apr 15, 2013 7:40:34 GMT -5
$1390 Toot Toot!!!!
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sunrnr
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Post by sunrnr on Apr 15, 2013 8:13:49 GMT -5
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usaone
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Post by usaone on Apr 15, 2013 11:49:49 GMT -5
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mmhmm
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It's a great pity the right of free speech isn't based on the obligation to say something sensible.
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Post by mmhmm on Apr 15, 2013 12:14:34 GMT -5
*chuckle* I'm not into buying metals, but I've got to say I find the whole thing amusing as all heck. I've got quite a bit of gold. We could buy it overseas, as jewelry, for the price of the gold alone, priced by gram weight. There was no charge for workmanship, so I have nothing under 18 carat. I don't think I ever bought anything, nor did my husband, for over $300/ounce. I thought about going into the safe deposit box and pulling all that stuff out of there, but I've just left it lie. The kids can do what they wish with it when I'm gone.
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Deleted
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Post by Deleted on Apr 15, 2013 12:27:08 GMT -5
This drop is gold is not funny for anyone. An out of control drop like this tells me that investors are very worried and uncertain and that can easily spill over into lots of other investments, as it is a little bit today in the stock market. A slow 10% decline over 6 months is one thing. A 2 day drop of 10%+ is not good.
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Deleted
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Post by Deleted on Apr 15, 2013 12:31:44 GMT -5
market was way past due for a correction
i am hoping to see at least 7-10% off in dow/s&p
i sold out two equities this morning...but only used 60% of the cash to add to already open positions
the rest along with dividends received is waiting on the pullback
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frankq
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Post by frankq on Apr 15, 2013 13:04:17 GMT -5
Did we get to900 Gold yet? Of course not.
How about 7 Silver? Of course not.
How about that 1100 buy in opportunity? Of course not.
But we're getting WAYYYY closer.....
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frankq
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Post by frankq on Apr 15, 2013 13:05:40 GMT -5
the rest along with dividends received is waiting on the pullback
I hear you. I was out Friday......
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Deleted
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Post by Deleted on Apr 15, 2013 13:05:55 GMT -5
frank
he isnt supposed to use those numbers anymore....per mod
so we shouldnt either...imo
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frankq
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Post by frankq on Apr 15, 2013 13:09:52 GMT -5
Oh......ok.
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frankq
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Post by frankq on Apr 15, 2013 13:12:43 GMT -5
This drop is gold is not funny for anyone.
There was no doubt that this was going to happen as soon as there was credible Fed talk of an end date for QE. As for the markets, they're way overdue for a reasonable pullback. I think that the markets will be reactive to news again for a while. I'm with gdgyva on the correction.
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Deleted
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Post by Deleted on Apr 15, 2013 13:18:10 GMT -5
Still, Do you think a 12% drop in two days is a "good" way for the correction to happen?
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Deleted
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Post by Deleted on Apr 15, 2013 13:22:39 GMT -5
stocks havent dropped 12% in 2 days....commodities have
commodities are traded on whims and are very volatile
one piece of news can make or lose you thousands
i dont trade in metals or oil because of that
if you bought for the long term.....you have to decide if this warrants you changing your investments
if you are a trader....i wish you luck
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Deleted
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Post by Deleted on Apr 15, 2013 13:26:03 GMT -5
stocks havent dropped 12% in 2 days....commodities have commodities are traded on whims and are very volatile one piece of news can make or lose you thousands i dont trade in metals or oil because of that if you bought for the long term.....you have to decide if this warrants you changing your investments if you are a trader....i wish you luck Still doesn't seem to me like a 12% drop, over 2 days) in a commodity as widely traded as gold is a good thing for the stability and health of the market in general. I don't know much, though. I am a strict Boglehead.
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bimetalaupt
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Post by bimetalaupt on Apr 15, 2013 14:46:37 GMT -5
stocks havent dropped 12% in 2 days....commodities have commodities are traded on whims and are very volatile one piece of news can make or lose you thousands i dont trade in metals or oil because of that if you bought for the long term.....you have to decide if this warrants you changing your investments if you are a trader....i wish you luck Still doesn't seem to me like a 12% drop, over 2 days) in a commodity as widely traded as gold is a good thing for the stability and health of the market in general. I don't know much, though. I am a strict Boglehead. ATD, MMXV GAVE A GRAVE SIGNALLING LAST WEEK.. HAD A DROP IN DJIA FOR THE 15 MONTH TERM OF OVER 2,000 POINTS....WITH THE UNDERSTANDING OF THE ACTION OF THE CURRENT LEVEL OF BLACK SWANS.Just a thought, BiMetalAuPt
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frankq
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Post by frankq on Apr 15, 2013 15:45:24 GMT -5
Still, Do you think a 12% drop in two days is a "good" way for the correction to happen?
A 12% drop that fast is never good. We're talking about gold (at least I am) here. Some major action was to be expected after many Fed members openly talked of the end of easing relatively soon. This is more than I would have expected in two days, but it appears that gold isn't the end all many would have you believe. Speculation has played it's part, and it looks like at least some of this action is an unwinding of that trade.
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Aman A.K.A. Ahamburger
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Post by Aman A.K.A. Ahamburger on Apr 17, 2013 0:12:47 GMT -5
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