Topic: Current Precious Metals Market (a micro-economic perspective)

[GDG's]

Interesting comments that make alot of sense.  Here is another article that is worth the read.......


http://www.theonion.com/articles/financial-sector-thinks-its-about-ready-to-ruin-wo,32865/?ref=auto

The ONION is satirical news, like tongue in cheek. Funny but...................................?

[Flegend35]

Hmmm....Dow down and Gold still up. See if it holds today.

[pandamonium]

1999 Gold was appx. 300.
2004 Gold was appx. 400.
2008 Gold was appx 800
2010 Gold was appx 1050
2012 Gold was appx 1450
2013 Gold is appx 1300
 
I think pm's were due for a pullback. I believe it is a healthy correction. I think it's safe to say we will eventually see serious inflation. I have been purchasing bullion on this pullback and will continue to do so. I had sold virtually all bullion about two years ago. 10k ozs of ag to ONE buyer in Las Vegas. I wonder if he buried it in his yard. Nice and dry out there.

   I am not sure what to think about the Onion's post other than it makes sense to me.  However, Las Vegas is a great place to bury silver, right next to Jimmy Hoffa!.......

[Honus]

Hmmm....Dow down and Gold still up. See if it holds today.

I don't think it will.  I can see gold down to $1100 in the coming weeks.   I'd love to get a chance at silver in the $13-15 range but I don't think it'll get there, but we may come very close.   Far too many people buying into the US recovery story, so gold is dead money right now.  I don't personally buy the story, but I'm far far outnumbered!  Too many people focusing on US housing, rate of Fed tapering, level of the DJIA.  Not enough people focusing on Deutsche Bank at 60-1 leverage ratio, Chinese SHIBOR rates and bank liquidity, declining US labor participation and underfunded pensions...but they'll figure it out soon enough.  All the lipstick in the world won't make this piggy look like a supermodel.

[Hippanda]

Well put.  +1

[GDG's]

Jim Roger's this week. His opinion on the price of pm's reflects my own.


http://www.youtube.com/watch?v=v0sWPX49lgA