silver

Silver should always trade within range of 35:1 to Gold.  For $100 to happen, Gold needs to be $3500.   Silver & Gold will continue to rise as long as the USA doesn't address their debt & economy.  QE isn't a solution as it's just kicking the can down the road delaying the inevitable.  

The sad truth is, the US is no longer about the people it's run by corporations who will continue to push for QE.

Maple Leafs (1 oz) are "on sale" at Kitco-

I am thinking about getting gold in 1/10 of oz coin size. The thought behind this is if Gold does shoot to $6000 an oz many people will not be able to break your 1 oz. coin so the smaller denomination would help. Any thoughts. I have silver in the form of Maple, American Eagle and Aussui K or whatever the thing is called

Doesn't matter what you buy, just diversify your supply. I own oz, grams, 10grams, etc.

Once this bailout gets approved, Gold & Silver should hopefully get hit hard...buy buy buy.  Buying some on most red days, this fall should be a nice run up.

DSN150 - your ratio is spot on.  40:1 - weighted more silver than gold in my buys.

Keep stacking:)  Will be interesting to see the plan by the US to cut back.

DNS - check out silvergoldbull.com ...great site to buy, best prices I have found in Canada, they ship to the USA. Never had any problems.

Jim Rogers: "Silver Going To Go Much, Much Higher"

Found the following quote interesting...

As for whether he prefers miners to the metal directly, Rogers said that he generally invests directly in commodities rather than buying producers since he is not prepared to pick the winners and losers amongst the group. “If you pick the right miner you’ll make a lot more money than you will in the metal,” Rogers explains. Though, by exposing yourself to management risks and the regional risk of the mines, among other factors, you can potentially not participate in the strong fundamentals of the commodity market and could lose all your capital. For example, ‘natural gas tripled and yet Enron, a producer of natural gas went to 0. Natural gas can down but it cannot go to zero.’

Looking for a pull back on Friday. On any red days, I'll be puying more Physical.  50% silver & 50% gold.  Dollar cost average.

The next few months should be very strong.

I bought in around 32 and am selling a lot off at $41 and change today.  Hopefully will drop down for re-entry?

Nice profit.  I never sell. Been buying since Silver was $17 and Gold was $1,100. Every once in a while on too fast of a movement I just buy put options on my phyzz.   

Hoping to see 38 soon....plz lol

Anyone buy on Friday?... I did

i actually bout 25 oz's of silver at the height on tuesday which upsets me and I bought a 1/4 of gold which was a great buy but the 10% juice I had to pay on the small about hurt. 

go to coin shows.  there are 50 dealers in the same room competing against eachother.  last sunday i bought a half ounce eagle for 900 when spot was 1745

google coin shows in your area

www.bordergold.com   is the cheapest I found

Ask and ye shall receive.

just got into silver big now, little AGQ as well as SLV, looks like we may be at support.... let's hope at least for us longs

Gold down another 5%, Silver down 10%..

Finally!!!!!!!!

All I've heard from clueless goofs was invest in gold and silver,I bunch of people are going to lose their butts.

Where did you buy Bronco? I live in VA too and am looking to buy from somone....please accept my friend request and pm me the info will you?

jrock, where in va do you live?  i live in northern va.  theres a place called gaithersburg coin exchange in maryland.  they charge $1.00 over spot i believe from what i remember. ppl from pennsylvania even drive to them to buy and sell, they get very busy.

Same position:  out of SLV completely and almost entirely out of GLD now although i have other investments tied to gold though not liquid and traded publicly. 

Let's start with the charts.  I'll stick to these and people can cling to every headline and proclamation by so called experts all they want but the last time I checked price/volume and accumulation/distribution were the name of the game.  In May SLV and spot Silver got trounced on very heavy volume (substantial distribution).  (Maybe in May the market started to anticipate that the Fed could not roll right into QE3)  Predictably there was an attempt to move forward but the base was not properly constructed and it was a sloppy base formation and wide and loose.  These bases are prone to failure and this week shows the "breakout" from the sloppy base indeed failed ultimately.  I'll wait and see if it can form a nice, smooth, boring and steady basing formation and then set up for a breakout.  No shame in being patient. I'd like to see a decent amount of time with low volume and low volatility telling me investors are quietly accumulating and then see if the chart sets up for a breakout that presents you with a favorable risk/reward scenario.  If not just pass and find something else and cash is always king. 

Fundamentals (always secondary for me since the charts already tell you the fundamentals!):  Don't rule out a deflationary move here.  As I stated in more than one thread there would be no QE3 announced at this particular juncture for reasons stated in other threads.  Sure Bernanke could backtrack and announce it hastily and that would only reveal how much of a panic he finds himself in and how clueless he is to find a solution.  Anyways, the statement the other day said his intent is to run Twist until June of 2012.  This means no expansion of the balance sheet and no so called "money printing" other than rolling over securities that mature from the balance sheet.  This is a siginficant shift.  Investors drunk on Kool Aid are so dependent on the heroin hits from the Fed that they could view this as monetary tightening though it is not technically a tightening move.  Precious metals were ramping with FOMC balance sheet expansion and anticipated inflation along with the armageddon trade and oh by the way . . . . a dollar that was declining in a nice and orderly fashion almost tick by tick to the tune of Wall Street's ambition.  Check out the dollar and what it has done in the last few weeks.  Now those "earnings" from overseas converted back to dollars might not look so rosy now will they (not that i give a shit about EPS expectations and other Wall Street bullshit but just some added info). 

Prior to this last FOMC meeting the dollar skyrocketed and Gold weakenedThe dollar and the metals told you there would be no QE3 announced there was no reason to bite your nails waiting for it. 

Listen to the headlines all you want I am sticking with the charts and what they tell me. 

 

As always, since 2007 unexpected and massive government intervention and manipulation can change things in the short run but this where I am at for now with the precious metals.  Nobody can project reasonably some type of sudden and massive shift in government intervention (such as a surprise announcement of huge QE3) so I'll accept the opportunity cost of possibly "missing" that for now.  Either way the chart for SLV is broken, sloppy, and erratic.  just look back to 2009 and 2010 when it was fairly smooth and even and you can see the difference.

These dips are buying opportunities especially if you dollar cost averaged. Same dollar amount every month. I'm not a trader, rather someone who accumulates the phyzz.  

If gold hits 1100 (great, but doubt it). Past month they've been talking about gold retracing and forming a base around 1650 and silver testing 30 again.  If it goes lower, more phyzz for my spending.

Coppers move in the past week is concerning as it's a pretty decent leading indicator. The 25% decline tells me where entering a slow down, layoffs in the coming 1-1.5yrs. 

IMO for the Fed to print anymore money, the markets need to crumb hard and heavy fear needs to settle in.

To each there own, but I don't buy anything else for my retirement other than silver, gold, real estate and foreign currency. That's my preferred mix.

Hampton Roads area....NOVA not too far away...thanks!