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Title: 22 Year High Today: Ag
Source:
Kitco.com
URL Source: http://www.kitco.com/charts/livesilver.html
Published: Mar 21, 2006
Author: buckeroo
Post Date: 2006-03-21 21:48:34 by buckeroo
Keywords: Today:, Year, High
Views: 10467
Comments: 53
Poster Comment:
Good news for some of us. For the rest of you fine people, its going up so buy all you can.
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Begin Trace Mode for Comment # 40.
#1. To: buckeroo (#0)
I didn't see a disclaimer there saying that your post did not constitute financial advice, so if I buy a pile and it goes down, then I can sue you. Sell, sell, sell! Nobody wants to be long on anything at a 22-year high--take the money and run!
I have no professional fees attached, Indrid Cold .. so feel free to enjoy my sound recomendation(s) or leave it.
Leaving...
My bet is "buy." Lots of good reasons for it. So tell me why your would sell in this market?
Because I'm a precious metals dealer. No effing way do I want to be buying at a 22 year high, watch the market tank, and then be stuck with cruddy silver for the next 22 years until I can unload it at break-even again. I'll take a safe, locked-in profit over trying to guess the market top any day. Buy low, sell high, that's my motto. Plenty of other stuff out there that I can get "bought right".
Are you posting this because you want me to rub your nose in it when it does? Patience, my precioussssss. It'll happen on a Wednesday, when everyone's attention is elsewhere.
Since you are so confident about your predictions, maybe you can suggest by what mechanisms you have discovered a crystal ball. I wager you are wrong. I wager that profit taking continues while demand increases taking Au tanking. How much ya got to wager on a side note? All proceeds goto the forum for expenses on this wager. - buckeroo
OK. Here's what I propose: April first, you "buy" one contract of silver (paper trading, no money, no comissions, no nothing) at the opening price (spot). I'll "sell" one contract at open. A year from then, we close out our positions at the closing price. One of us will be down money, one of us up. The loser donates $100 to 4um. Maybe Tauzero and/or imawit will referee.
April first, you "buy" one contract of silver (paper trading, no money, no comissions, no nothing) at the opening price (spot). I'll "sell" one contract at open. A year from then, we close out our positions at the closing price. One of us will be down money, one of us up. The loser donates $100 to 4um. Maybe Tauzero and/or imawit will referee. I don't want to but in to y'alls thing here, but in the interest of supporting the 4um I'll take that bet. I understand, almost envy your position but I think your perspective is skewed by the business you are in, not that there is anything wrong with the business, it's just that the prices you pay don't reflect the real market (because of the customer base you deal with or how they obtained their PM's) or your overhead for that matter. Who is going to referee
While I am in the scrap silver business, my perspective on this one is that of a commodity trader, not pawnbroker or PM dealer. Having traded such diverse things as orange juice, Fed Funds, the Eurodollar, sugar, canola, and corn for a couple of years, it seems to me that the market is going to do what the market is going to do, regardless of the underlying fundamentals. And when some commodity, any commodity is at a 22-year high, it makes sense to place one's bets as though it will be going down eventually. You can play along at home if you like, but I'm not taking side bets.
Cool! My perspective anymore is that I don't look at the prices or value of X going up or being at "22 year highs" (bullshit) I see it as the diminishing value of the $$$, and I don't expect that to change for the better in the future. Do you?????
The dollar is going to fall, the only question is when. When it does, WW3 won't be far behind.
#41. To: RickyJ (#40)
When it comes I'll be on my porch, waving a flag and singing "....and the rockets red glare, the bombs bursting in air gave proof thr............" So nobody will think I'm a traitor.
Top • Page Up • Full Thread • Page Down • Bottom/LatestFor the rest of you fine people, its going up so buy all you can.
#3. To: Indrid Cold (#1)
#4. To: buckeroo (#3)
I have no professional fees attached, Indrid Cold .. so feel free to enjoy my sound recomendation(s) or leave it.
#7. To: Indrid Cold (#4)
#10. To: buckeroo (#7)
So tell me why your would sell in this market?
#25. To: Indrid Cold (#10)
No effing way do I want to be buying at a 22 year high, watch the market tank ...
It ain't tanking yet, pal.
#26. To: buckeroo (#25)
It ain't tanking yet, pal.
#27. To: Indrid Cold (#26)
It'll happen on a Wednesday, when everyone's attention is elsewhere.
#29. To: buckeroo, Tauzero, imawit (#27)
How much ya got to wager on a side note? All proceeds goto the forum for expenses on this wager.
#32. To: Indrid Cold (#29)
OK. Here's what I propose:
#36. To: Hmmmmm (#32)
I understand, almost envy your position but I think your perspective is skewed by the business you are in...
#37. To: Indrid Cold (#36)
You can play along at home if you like, but I'm not taking side bets.
#40. To: Hmmmmm (#37)
Replies to Comment # 40. When it does, WW3 won't be far behind.
End Trace Mode for Comment # 40.