Lots of green arrows this morning on Kitco. Any one dare to predict what PMs will do with oil prices being relaxed? Just wondering If I should put off any further purchases, hang on for now and hope for a dip later, or just hang on to what I have and "forget about it." Opinions anyone?
http://goldismoney.info for research on that. But I would not get my hopes up for the answer. No one knows. there is a 4.95 SAE deal mentioned there. you get one SAE for 4.95 but have to listen to 5 pitches to different things that you have to say no to.
I'm also a member there, just thought some of the blood here might also have a different view. I spoke too soon on the green arrows, Ag & Au are now red downers. BTW, think we've met on GIM, Elijah - Maybe I should change my name there too as I'm known as Wild Trapper on most of the forums I'm a member of.
Was watching that myself today. Who knows anymore? It looked a little like Silver had detached from Gold and Oil until last night... Au Caught up a bit.
IMHO.... PMs will continue to show a slow and steady rise... "tortoise and the hare".... lots of potentially bad news to digest... housing and geo-political events are affecting folks.... suddenly... maybe the party is coming to an end.... maybe its wise to put some of the investments and capital some otherwise "conservative" safehavens.... that is .... if you have any savings, investments or discretionary income....
Well, all arrows are red this morning, but NY hasn't opened yet. Bear, I think you're right about the slow go to the PM market. Long term looks good to me for a lot of reasons, present and short term I'm thinking will be slow. Only problem is, I have such a short history of PM investing I'm really only guessing. Most of my capital is in bank CDs. I know, bad place, but ultra conservative. Insurance man was trying to get me to put my IRA account into an annuity with him w/load. Not too sure about that as I've little faith in the stock market. Been thinking of a mutual fund account that allows trading within different funds, but the mutual fund money market funds don't usually beat the bank CD rates. Just thinking out loud this morning....
PMs and Currencies have detached from their historical ties with the markets .... as well as with oil.... a sure sign of manipulation.... No way anything makes sense anymore... Follow your gut .... nothing wrong with ultra conservative investments... all depends on how long you have and what you think will happen in the long as well as the short term.... Big hits in the past few days.... gotta question what the basis is for "value" these days... slow climb and sudden "slap down"..... A hurricane that doesn't hit the gulf?... An oil discovery that won't come to market for decades?.... Employment numbers?..... Consumer confidence?.... sheesh.... who makes this stuff up?????.... Better yet.... look at all the folks that believe it!!!!!..... Still.... someone is making alot of money off of all of this.... And the Bill Gates foundation is growing by leaps and bounds....
