Precious Metals New Thread 2.0

You're a day off.....

If you look back I predicted silver would go up .75 cents to $17 on the 18th and it was at 16.25 and on the next day it went up to $17.....
and yesterday it was 17.18 so I'm right on..........

Gold is also up and the market is down.

3 for 3.............. 18th to the 18th go look back............

But the trend is what's important not the day to day..............

 

Yeah you're a day off..............

That makes me 3 for 3...............

 

See this is when you made pick a number.....

You're off a day...........

 

A dip is anytime the physical price actually goes down.... I don't think we'll have many dips any more....

I like mining stocks over SLV or GLD.... If they ever get audited it could be very bad for those ETFs...

Physical PMs are insurance against all the money printing, debt, inflation, falling dollar and all the digital crime...
The good side of PMs is they are the safest investment available and have the best up side....
The problem is you can't just flip them into another trade so you have to put a smart amount of money in them...
Enough to insure yourself but not too much that you are forced to sell....

I have funds similar to GDX for my 401K and these are some of the miners I own SLW, AG, FNV....

I will use the miners for trading and physical for my insurance and hard assets.....

 

PMs are to put some of your money into safe hard assets not regulated, taxed, registered and no fees....
We know the GOV will have to default on some of the debt and on some of the social programs....
We know one or more of the big banks will fail and those people will loose half or all their money...
We know the dollar is loosing value and will be devalued 30-60%....

PMs are not for doomsday but economic strife, inflation digital theft ect.......
If all your money is in your 401K and the company goes BK you're done...
To protect yourself you need some real hard assets not just digital promises....

 

You're coorect, I went back and found the post where you actually made the month predictions. It wasnt on the 18th. only the $17 silver one was.

This post right here is from the 20th... When you clearly stated that a month from then PM's were gonna be up. They aren't.

 

You are thinking too short term, Matt.

Doesn't matter what PM's are at in 1 month's time.

 

I was 3 for 3 for 30 days and on the 31st day I was half right, PMs sideways and DOW down......

But he's missing the whole point......

I will make the same prediction for next month PMs up DOW down........

Because that's the direction of the market........

Something big would have to happen again to reverse things...

The DOW peaked 12 months ago and had a last minute run but couldn't set a new high because it's the start of a bear market...

I'm looking 5 years out and he's looking 5 days out........

PMs are on sale keep buying Physical PMs........

 

I couldnt give fewer shits about what the price of silver is a week from now or a month from now either. All I want is for Stevie to put some actual numbers to his wild claims so that there's more than just ridiculous conspiracies. He's literally been saying "PM's are about to go way up" for a year now.....

 

But I also keep saying long term.....

The pot is just starting to heat up so PMs should start the slow leg up from now on...
All PMs are up for the year and traded sideways for 1 month....

I would expect slow gains at first, they don't want to spook all the frogs......
And at some point we'll see some good jumps in price....

But over all PMs have bottomed out and are starting the climb, so far........

Like I have been say for over a year also if you don't like PMs go buy some apple stock....

 

A very good over view of what's going on......

Interesting that the US was invited to join the BRICS and refused......
But our leaders are all or nothing.....

 

IMO "precious metals" = lead and brass these days...

 

Do you advise Warren Buffett by any chance ?

 

To stick with 223 or go 300 black out that's the toughest question.......

 

Buy PMs...

He is the master of buying under priced assets, or used to be.........
He didn't buy Apple his company did, we'll see if that pans out.......

 

Both, and a few others.

 

Is this thread still here? You mean the world hasn't collapsed or been taken over by North Korea yet? Damn....

 

is one year long term? If so Silver is down from a year ago, still a good idea to keep buying an asset that's headed south?

 

Yeah , not sure why he didn't heed the warnings of tinfoil truck forum financial analysts but maybe he has a hunch

Who knows really , its not like he has a track record for good investments

 

He all ready has hard assets like rail roads.........
I think he's doing ok....

If he jumped in PMs there would be none left..........
But if he needs a couple of pointers I can help him out.....