Gold and silver- no footing?

[Lowdown3]

Is it me or does it seem that PM's can't really get a footing here lately?

Silver-

Sliding just a hair under $19. for a few minutes (I had a "price alert" set at $19), then barely raising back up to $21. before falling back again.


Gold- almost touching $1220. at one point, rallying but not seeming to break $1300.

What are we missing?

[rockriver]

there is a huge coin show in Orlando soon.
here's the what if...
you've saved up a little dough and want to go to the coin show and you already have a bag of silver coins
do you want silver to crash so you can buy more "cheap"?
or
are you hoping silver is racing upwards so that you can unload that bag of silver you bought years ago!!

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I don't know the answer to ld's question. I've asked several folks that know a bunch and have been trading and or saving silver.
I've gotten answers all over the board... the majority think silver and gold, short term, will fall further. that doesn't make sense to me. one answer I've gotten as to why pm are falling is that there is massive manipulation in the pm market.

[justanothergunnut]

I have a tendency to view my silver the same as my guns. Once I get it i'm very apprehensive to sell it. I have silver though not as much as I think I should but I won't be selling it. If it did hit the price that would tempt me I would be VERY concerned about the other shoe dropping. I'm not buying silver in large amounts as a investment vehicle though.. As to the original question, I don't know the PM market is soo influenced now just like stocks that I personally wonder if we can rely on fluctuations in it as a economic predictor like we have been able to years ago. I don't know..

[Patriotic Sheepdog]

A lot of things at play. $85 billion a month in QE to name a huge one. Manipulation anyone? Here's an article you may want to look at.

http://srsroccoreport.com/5-charts-the-real-story-behind-silver/5-charts-the-real-story-behind-silver/

Sent from my iPad using Tapatalk HD

[hidden_waldo]

Just some opinions..

Market Manipulation...
A lot of money on the sideline waiting to go into the stock market...
The stock market doing pretty well (for what they are showing us)...
The economy doing better...
The general public not in freak out mode about the dollar...

My guess is, PM's will be in a downward slide for the foreseeable future (5 to 8 years-ish), then see them going up.

[protus]

who remembers when silver was sub 10 dollars...or even 5$......look how long it took to get in that 18-25$ mark...look how long its sat there with a spike or drop here and there but thats it.

[hidden_waldo]

I remember the $5 days (I started to pay attention around 1995), the slow move upwards in first part of 2000's then the leap to $12. A lot of people were talking about it and when it took that jump up to $17 and then drop back to $12 and touching $10 around the end of 2007, silver couldn't be pulled out of the ground fast enough...and the speculation was on.

I have yet to come up with a reasonable explanation on how silver has leap fogged around like it has for the last 5 years $20 to $35 to $48 to $35 and the sliding drop and hover to the low $20's. Sliver is still sliding down in price.

There is no doubt, for the last six months, silver has been flat/sliding down.

I will be interested to look back historically 15 years from now and see where the bottom was on Silver.

[miked2345]

I'm forcing silver down... Every month, at the coin show, I buy some Silver Eagles. Then the next week, silver slides down a little further. My plan is to keep buying until it hits a buck an ounce, then hold firm until it reaches $100. How's that for a plan??? (Good thing I still have a day job....)

[hidden_waldo]

I'm forcing silver down... Every month, at the coin show, I buy some Silver Eagles. Then the next week, silver slides down a little further. My plan is to keep buying until it hits a buck an ounce, then hold firm until it reaches $100. How's that for a plan??? (Good thing I still have a day job....)

Heard the Hunt Brothers want to talk to you... :)