Emperor Findus Cladius
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Any opinions why?
PM prices dropping drastically
- Thread starter Emperor Findus Cladius
- Start date
jim4silver
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More sellers than buyers in the futures market. Perhaps some are taking profits to make up for losses in the stock market?
This has happened at various times during this bull cycle. It is actually good when it happens because it allows one to add more positions at a lower price and shakes out the "buy high, sell lower" weak hands who always get in when things get good and get scared at the first sign of weakness. Those same weak hands always buy in again later when the price goes back up.
Usually these bull markets finally end with what is called a "parabolic rise", like what happened in gold and silver in the early 80's. When that happens there are no meaningful corrections and it is time to SELL. I hope we don't see that in gold and silver for a while since I still am accumulating.
Jim
This has happened at various times during this bull cycle. It is actually good when it happens because it allows one to add more positions at a lower price and shakes out the "buy high, sell lower" weak hands who always get in when things get good and get scared at the first sign of weakness. Those same weak hands always buy in again later when the price goes back up.
Usually these bull markets finally end with what is called a "parabolic rise", like what happened in gold and silver in the early 80's. When that happens there are no meaningful corrections and it is time to SELL. I hope we don't see that in gold and silver for a while since I still am accumulating.
Jim
cyberdan
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Looking at the graph it seems to have started at the same time obama started talikng about giving amnesty to another 10,000,000 illegals last week.wayne1956 said:
Argentium
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I disagree with your premise , not only are metals not dropping drastically, they are rising
dramatically - don't take my word for it look at a graph of the last 5 years. The minor dips
are simply reflective of investors taking some profits on the high bounce- buy low , sell high
that's the rational approach to precious metal markets. Argentium.
dramatically - don't take my word for it look at a graph of the last 5 years. The minor dips
are simply reflective of investors taking some profits on the high bounce- buy low , sell high
that's the rational approach to precious metal markets. Argentium.
