Barz........

MaxOHMS

........how's your silver investment doin?

1% increase per hour.

Not bad!

Waco Waltz

Prior to the floor falling out I had 14,000 in silver. I should have sold it all then bought it all back at the lowest price but I am not sure how it works. Why would the dealer want to buy it back at a high price? Would he be pissed to be stuck with all that inventory after a crash?
Then I have to work and don't have time to cash in and or buy when the prices are right.

MrM1A1

Damn that hurts Barzillia. Hope it turns around for ya.

montanajoe

imaginary money ??? thats how the guberment does it too.

n/a

quote:Originally posted by Barzillia
I really appreciate the concern, but we are talking about a contest I entered using imaginary money.

I feel sorry for the people that actually did listen to the gold and silver bugs and who took a substantial position in precious metals believing that the metals had to go up in bad economic times.

I took the positions just so that I could see where such advice actually leads.


What was the methodology and the specifics of the forecasting involved, the purchases and the sales along with the data, empirical or otherwise, that the down-trend is going to last and not turn and rise as has been predicted?

In your estimation, does the past 2-3 week game you are playing prove that the 'bugs' are wrong or prove that the market has made a long-term adjustment?

Proof, please, not indicators or mere speculation.

As you have said... quote:I can imagine stuff, too.

I generally don't try to post it as fact, though.[:)][;)]

MaxOHMS

quote:Originally posted by Barzillia
I really appreciate the concern, but we are talking about a contest I entered using imaginary money.

I feel sorry for the people that actually did listen to the gold and silver bugs and who took a substantial position in precious metals believing that the metals had to go up in bad economic times.

I took the positions just so that I could see where such advice actually leads.




Did you sell at the bottom?

Didn't think so.

You are smarter than that.

For the record, I said buy physical silver and hold.

I still say it.

n/a

quote:I feel sorry for the people that actually did listen to the gold and silver bugs and who took a substantial position in precious metals believing that the metals had to go up in bad economic times.

skicat

You can't let yourself be fooled by market manipulation. There are many reasons why we are seeing the volatility we have. A good indicator of direct manipulation is when the margin requirements are raised when the commodity price is falling which is a 180 degree reversal from SOP. We have seen that several times in the last year with little outcry.

We are also watching the Eurozone central banks struggling to stay viable and there is a good chance that some of the action responsible for driving the price down is due to their efforts to raise some capital.

I have seen none of the fundamental reasons for buying and holding precious metals lose any ground despite this latest drop in price. Certainly nothing to indicate that "gold bugs" are guilty of bamboozling anyone. The only reason the dollar is experiencing a temporary gain is from people fleeing the Euro and that is nothing to cheer about and plainly no grounds for attributing new found health to our economy.