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tonight's smash-down

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#1 Sun, Jul 31, 2011 - 6:55pm
So It Goes
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tonight's smash-down

quick look

gold smashed at the outset - silver is fairing better.

Palladium and platinum up.

Interesting - no?

Edited by: So It Goes on Nov 8, 2014 - 5:31am
Sun, Jul 31, 2011 - 7:17pm
R man J
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The view at 5,000 feet

Gold down $16 and silver about even. It's always interesting on Sunday nite. So glad I still have a little time for monthly purchases. Robin Griffiths (KWN broadcast) thinks US dollar will go up 15% in the next six months or so, but he still is very bullish on gold.

Keep acquiring. The big move is coming.

https://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html

Sun, Jul 31, 2011 - 9:19pm (Reply to #2)
Pax Argentum
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R man J wrote: Keep

R man J wrote:

Keep acquiring. The big move is coming.

Agreed. This is nothng more than a dip to buy on. Edit: the Big O just announced a deal has been made, hooray, we're saved. I'll be at the conshop in the morning trading 1-ply for Eagles. See you there. Pax
Sun, Jul 31, 2011 - 9:36pm
Dr Durden
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All is fair and good in the

All is fair and good in the world again!!! Yay!

*fingers crossed for at least $38.50 in sliver again*

$39.50 @ 8:40 CDT

Got GIABO? "It's called the American dream, because you have to be asleep to believe it." ~George Carlin
Sun, Jul 31, 2011 - 11:03pm (Reply to #4)
ScottJ
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Chicago, IL
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Shaking the Tree

Those who went short into the weekend expecting another day of turmoil surely got squeezed on the open as the indices gapped up, surely hitting the stop losses of those who were willing to gamble on the US markets tanking in the face of recovery.

Those who went long in gold/silver expecting to catch some more upswing were clobbered on an out of the gate gap down, surely triggering some stops as well.

-

This specifically relates to forex/leverage trading.

--

Perception management in full effect.

Good riddance with those who short equities and go long metals into the weekend of decision for America's transitory fiscal crisis.

Take everything in moderation, including moderation~
Mon, Aug 1, 2011 - 12:20am
So It Goes
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Nothing much new

I just read a Bloomberg Account of this debt deal. Everyone can see that promises to cut 2.2 T (way too small in any event) and not raise taxes is pushing the end closer more quickly. This pandering was indeed a total nothing. Not saying I was surprised but the reality always disappoints - one can only hope.

But as the name says, "So It Goes". Quotation from Vonnegut.

Pretty soon time to buy more. :-)

Mon, Aug 1, 2011 - 1:50am
So It Goes
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Smash-down

Odd that after a smash down, both gold and slightly less so for silver are hugging their 7/29 lines almost perfectly and in unision 24 hours after Friday's close. Computer vs computer, chess masters move for move, an arm-wrestling match.

I've been watching this market for 1 year - so take it for what is worth - which admittedly isn't a lot - but I just can't remember this pattern from the opening.

Something is up - regardless of the news. This market is going to move unpredictably. I can feel it. Wish I could put my finger on it better. 48 hours I think we will all know.

Let's see how it goes.

Tue, Aug 2, 2011 - 10:49pm
So It Goes
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Answer

Ok,

48 hours later I got my answer. NO down movement of the precious metals with the debt ceiling passage - as practically everyone seemed to think.

It's going to be bumpy now - more volatility probably - so have faith and keep stacking :-)

Wed, Aug 3, 2011 - 4:17am
survivalwstyle
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here we go now

remember team BFTD ...

enjoy everyday

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