X
xavier7995
The rally this morning doesnt seem to be holding or have much strength behind it.
Edit: was wrong, came roaring back.
Edit: was wrong, came roaring back.
Short term trades in the stock market •$$$$$•
- Thread starter TNTBudSticker
- Start date
If the market is going back up, it'll retest yesterday's lows first. Imo fair market value is half what it is today. I'm all in cash and in no hurry to catch a falling knife. I'm going to buy some gold but, again, I'm in no hurry. I'm hoping it'll get monkey-hammered down with the market on margin calls and such. This is not advice and don't bet the mortgage in the casino...
I wish I had bot some gold at 1300, just last Summer.
I was getting these for $8650... Used to get boxes for $6000.
https://www.apmex.com/product/171439/2019-canada-500-coin-silver-maple-leaf-monster-box-sealed
Everybody hates silver. 98 1/2 ratio?
I bet you made out pretty well.
Looked like a good call as the markets are set to open down again.
You ride those ponies, take quick profit, and hit the bar.
St. Phatty
Active member
I've never bought a monster box.
I have to pay off my HELOC, get rid of debt.
Then I will be free to buy more Ag.
I think of Silver as something that can be traded for Gold at a ratio of 35:1 - if you are patient.
Jeeyah
Active member
Robin Hood. It’s free, and has a nice easy app.
brickweeder
Well-known member
Happened in 11', can happen again. But sometimes you have to be very very very patient. But if you can get Ag near 100:1 or better, then your patience will be rewarded, provided you actually take advantage of the 35:1 ratio when it fleetingly arrives.
brickweeder
Well-known member
Damn right. I didn't sell the last time, and bot more on the way back down. That's why I am poor - bad trader. One problem for silver is JPM now has a huge phyz stash, so they won't be squeezed again.
Gold was on sale Thursday and Friday so I picked up an oz on each day. This won't be a short term trade. I plan to add an oz a week to help hedge my cash position. I think there is a lot more pain in the markets so I'll sit on my hands and dollar average slowly into gold.
What are you buying? My preference is 4x9 Canadian leafs, and 4x9 Buffalos.
Gold 1 oz maple leafs. Can't get buffalo's here unless mail order. Locally coins are 3% above spot and sell is 3% below. So, 6% in the hole to start. With gold, remember, if you can't hold it in your hand, you don't really own it. To me, gold's real attraction is no counter party risk unlike cash in the bank.
I agree. In this environment and soon negative interest rates, you want stuff not an acct balance in the ether. APMEX put up the "gone fishing" sign when silver went under $13. You can buy paper SLV, but not phyzz - at from dealers. Imagine the poor dealer who traded gold for BTC a week or two ago.
These are interesting times. I went to the little CU I use and told the manager I want a bunch of cash. They will have for me in a few days. I get zero interest in the bank and zero at my hidey hole, so F the bank. Depending on what happens with the POG, I may do some more business with APMEX.
Au/Ag ratio was 115 this morning.
These are interesting times. I went to the little CU I use and told the manager I want a bunch of cash. They will have for me in a few days. I get zero interest in the bank and zero at my hidey hole, so F the bank. Depending on what happens with the POG, I may do some more business with APMEX.
Au/Ag ratio was 115 this morning.
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