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SignUp Now!doublelongdaddy;513554 said:Word is the tomorrow could be the beginning of a colossal market downward spiral. Get ready to buy silver and gold at record lows...I think the dollar may buy quite a bit by 9:00 AM eastern.
rakas;513617 said:Word from who? I'm studying Economics and i'm not aware of anything that will spook the market more than usual.
Infact European and UK stocks are pretty steady.
The markets will like remain subdued but unless something major comes out of the US then there aint much happening (by this i mean a fall greater than 2%).
doublelongdaddy;513680 said:Benton Wynter on Yahoo Finance
rakas;513693 said:I'll have a read but stocks are steady.
At any rate in this environment i'd be in passive funds, bonds and commodities anyway (Irish bonds at 7%+ are a bargain bar cataclysm).
doublelongdaddy;513728 said:It is really not doing what I thought it would. We have 45 minutes left in the NY market and Silver has been up all day Well, I am happy I picked up the 300 ounces at the lower price. If timing works with these predictions we could see a massive drop into the mid twenties and a rebound close to $40 at Christmas. There are a few things at work here, first the USA is electing a new president so the power that be are trying to make the dollar look as good as possible, Obama's success depends on it. Next we have the Gold and Silver season opening in the next weeks for Indian purchases of Gold and Silver. Most notedly China is becoming a big source in stacking physical...they are purchasing more the the US right now. All the short contract that will hopefully be paid out will have a very hard time if we see a drop in PM's. I would really like to stack a monster box of ASE's but this will only be possible at sub-30's. In the meantime I am picking up junk here and there.\\\\\\\Keep Stacking!
rakas;513888 said:Ah, well i'm not sure about individual commodities so the Yahoo guy could be right. I was referring to the indices in general (Nasdaq, Dow Jones, FTSE).
TRRbogie;513960 said:Checkout this thread for more specifics re: Silver purchasing http://www.mattersofsize.com/forum/showthread.php?66692-Great-Time-to-Invest-in-Silver!