Investing in Precious Metals 101 Ad

PM Daily Market Commentary – 9/15/2016

Login or register to post comments Last Post 1581 reads   17 posts
Viewing 7 posts - 11 through 17 (of 17 total)
  • Fri, Sep 16, 2016 - 08:10pm

    #11

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3109

    count placeholder

    CPI move

dryam-

I agree 100%.  CPI move today has nothing to do with monetary inflation, which is what they should be focusing on with their monetary policy.  Its just costs going up because of the cartels and their absurd pricing strategies.

Raising rates to fight healthcare cost increases … probably not the ideal tool to use on the problem.

But market looks at the headline number and assumes the Fed might trigger off it, and so the buck screams higher…

  • Fri, Sep 16, 2016 - 08:22pm

    #12
    dryam2000

    dryam2000

    Status Bronze Member (Offline)

    Joined: Sep 06 2009

    Posts: 241

    count placeholder

    Where gold is going…..

Anyone (other than the CB's & the large banks) who thinks they know what is driving daily, weekly, or even monthly price changes in gold doesn't know what he/she is talking about.  There are so many balls being juggled in the air in regards to the worldwide financial mess right now.  No one could possibly have a clue to knowing where prices will go for anything.  Trading the PM's should be left the very, very few who have some sort of truly special knowledge  That would probably exclude 100% of people on this site.  Buy low, & hold (for insurance against currency problems as Chris suggested above).  When prices get whacked buy.

 

  • Fri, Sep 16, 2016 - 08:30pm

    #13
    dryam2000

    dryam2000

    Status Bronze Member (Offline)

    Joined: Sep 06 2009

    Posts: 241

    count placeholder

    “Markets”

 

Association does not equal true causation. 

  • Fri, Sep 16, 2016 - 10:30pm

    #14

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3109

    count placeholder

    When prices get whacked buy?

dryam-

Trading the PM's should be left the very, very few who have some sort of truly special knowledge  That would probably exclude 100% of people on this site.  Buy low, & hold (for insurance against currency problems as Chris suggested above).  When prices get whacked buy.

While I don't have any truly special knowledge, I can see that gold is in a downtrend right now.  Should I buy now?   Has price been whacked yet?  It definitely has dropped from $1375 down to about $1310.  Does that constitute enough of a whacking to buy?

Maybe you could let us all know when the price has been whacked.  I think that would be an incredibly useful service if you could provide us all with a reasonable buy point in near-real time.

 

  • Fri, Sep 16, 2016 - 11:00pm

    #15
    dryam2000

    dryam2000

    Status Bronze Member (Offline)

    Joined: Sep 06 2009

    Posts: 241

    count placeholder

    Buy the dips, not a complicated strategy

Dave,

You seem to consistently have an argumentative tone to your discussions.  

All I was saying was that if people want to own gold, they should buy on the dips.  I'm confident there will be much volatility going forward.

-Cheers

  • Sat, Sep 17, 2016 - 04:58am

    #16
    Uncletommy

    Uncletommy

    Status Bronze Member (Offline)

    Joined: May 03 2014

    Posts: 514

    count placeholder

    Let’s be clear. . .

IMHO, PM's are a hedge in times of uncertainty. But, to call Gold, Silver, etc. an investment bends the meaning of the word. Time is really the only means we have in affecting a positive outcome in the world around us. Hoarding any commodity to the exclusion of others is about the most base instinct we humans share.  If you are in the "fortune-ate" position to be able to play the markets, then have-at-it. Given the challenges facing our current malaise, investing your time (or money) in your children, neighbors, religious organization, service club, etc., seems to be a less stilted strategy. Something to consider in the Hilary/Donald debate?

Sorry; are my ethics showing?  

  • Sat, Sep 17, 2016 - 05:58am

    #17

    davefairtex

    Status Diamond Member (Offline)

    Joined: Sep 03 2008

    Posts: 3109

    count placeholder

    buy the dips

dryam-

All I was saying was that if people want to own gold, they should buy on the dips.  I'm confident there will be much volatility going forward.

Argumentative?  Absolutely not, I agree 100% with you.  Buy the dips, an excellent strategy.  I'm just looking for a little more detail from you, so your advice can be something actionable.

Everyone wants to buy when the price is low.  But sometimes price dips, rallies a bit, and then it dips again, and then after that, it absolutely craters.  2012-2013 was just such a "dip".  It ended with the April 2013 crater move.  And of course not even that was the low.

So once again, I agree 100%.  Buy the dips.

Let's try something a bit more concrete.  Price has definitely dipped from 1375 to 1310.  Is this a dip we should buy?  Or is another dip coming, and we should wait for that one?

Viewing 7 posts - 11 through 17 (of 17 total)

Login or Register to post comments