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Old 10-15-2012, 10:49 AM   #41
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The brotherhood of Darkness is in full on commodity smash mode this morning. At some point, buying pressure will have to force short covering. If some big players finally step in and demand delivery of meaningful quantities of metals, the fireworks could become epic.
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Old 10-15-2012, 01:32 PM   #42
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http://www.silverdoctors.com/massive...wal-on-friday/

So, a massive reduction in supply causes prices to.... drop?
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Old 10-15-2012, 02:00 PM   #43
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I don't get it either. Silver is getting whacked.
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Old 10-15-2012, 03:35 PM   #44
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I wonder why they made such a big withdrawal? Are they expecting something?
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Old 10-15-2012, 03:45 PM   #45
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It's the Brotherhood of Darkness 'fellas,, nothing more and nothing less. We'll see a big spike in shorts at the COT unless they're creating an opportunity for themselves to cover.
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Old 10-15-2012, 04:15 PM   #46
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So could they be trying to force out all the shorts to try and stabilize the prices? I'm still trying to figure out how the market works and when it begins to make sense then I usually stumble across an article that confuses me haha
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Old 10-15-2012, 07:52 PM   #47
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really wish i would have waited until this week to make my purchase lol
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Old 10-16-2012, 01:18 AM   #48
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Originally Posted by oppie2005 View Post:
really wish i would have waited until this week to make my purchase lol
You probably have a lot of company. Everyone who bought in the last 2 weeks probably feels much the same.

The solace is that you had the understanding of the issue to buy PMs in the first place, and that you had the wherewithal to do so.

Be thankful you aren't lost in the darkness of ignorance or so poverty-stricken you could do not about it.

There is always something to be thankful for.
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Old 10-16-2012, 07:56 AM   #49
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Originally Posted by oppie2005 View Post:
really wish i would have waited until this week to make my purchase lol
down even more this morning. ugghhh. no money. (to buy).
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Old 10-16-2012, 08:14 AM   #50
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Originally Posted by Jay View Post:
down even more this morning. ugghhh. no money. (to buy).
Set up regular monthly purchase amount in your local currency. If you come into a one time cash surplus event, resist the urge to drop it all at once on PMs. My rule of thumb is to never spend more than 2-3 times my regular monthly purchase in a month. If you buy on a dip and it dips further the next month this allows you to make a second large purchase on the further dip.

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Old 10-16-2012, 11:30 AM   #51
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Originally Posted by benjamen View Post:
Set up regular monthly purchase amount in your local currency. If you come into a one time cash surplus event, resist the urge to drop it all at once on PMs. My rule of thumb is to never spend more than 2-3 times my regular monthly purchase in a month. If you buy on a dip and it dips further the next month this allows you to make a second large purchase on the further dip.

nice...
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Old 10-16-2012, 12:15 PM   #52
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Personally, I'd wait till it goes above the 50 day sma and stays above it for at least a day before buying any at all. But that's my paper trade, has little to do with stacking, for which DCA'ing works nicely. It's about to cross the 50 going down at the moment if it hasn't already. That's never a good time to buy. See chart at the link.

This chart is what I use for my paper trades. See how simple it can be to make money on gold? Just buy when it crosses the 50 going up (since everyone else uses a different timing, it works), and put a trailing stop around 3-4% on it and forget about it. This means you're out about half the time, and could be using the money in something else going up at that time. Dumb system, but look how well it works if you really follow it - you made a few short/small-loser trades and a couple longer/big winner trades over the last year. This has been working for me (when I do what I'm supposed to) for a few years now, and you get more cash to add to the physical stack with this trick. Gold really doesn't move fast often, so it's a less risky trade than most stocks, but more profitable than most too. Very nice risk/reward ratio as these things go.
http://quotes.ino.com/chart/index.ht...t=&a=&w=&v=d12
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Old 10-23-2012, 08:20 AM   #53
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The USD is gaining strength, but all the metals are falling even faster:
http://www.kitco.com/kitco-gold-index.html

Luckily for me, I have been to busy to go make my monthly purchase!


For those that watch the charts, is this a smash on the market or just commodities following equities downward?
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Old 10-23-2012, 08:24 AM   #54
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Originally Posted by benjamen View Post:
For those that watch the charts, is this a smash on the market or just commodities following equities downward?
Gold looks like a giant cup and handle on a weekly. Same could be said for the $XAU. Market is getting crushed right now.
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Old 10-23-2012, 09:17 AM   #55
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I guess it's over by tomorrow when the FED will announce some more QE hopium. Since the COMEX opening the dollar has strengthened more than the metals have lost. The huge intraday gap between the metals and the dollar is narrowing. Volumes are pretty high at the COMEX today. I guess the commericials are out there covering shorts. op/ex is on Thursday, too. I wouldn't be surprised to see gold hovering arround $ 1700 until then. After that we could see the reversal. I definitely expect a dip below $1700, even if just very briefly.
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Old 10-23-2012, 10:53 AM   #56
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Trading volume in pms continues to be heavy today.
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Old 10-23-2012, 11:46 AM   #57
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Originally Posted by swissaustrian View Post:
Trading volume in pms continues to be heavy today.
Light volume in the shares..
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Old 10-23-2012, 01:02 PM   #58
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Originally Posted by swissaustrian View Post:
I guess it's over by tomorrow when the FED will announce some more QE hopium. Since the COMEX opening the dollar has strengthened more than the metals have lost. The huge intraday gap between the metals and the dollar is narrowing. Volumes are pretty high at the COMEX today. I guess the commericials are out there covering shorts. op/ex is on Thursday, too. I wouldn't be surprised to see gold hovering arround $ 1700 until then. After that we could see the reversal. I definitely expect a dip below $1700, even if just very briefly.
Will look for your posts in the future before spending a bundle.
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Old 10-24-2012, 10:50 AM   #59
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Paper trading volume is much lower than yesterday today
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Old 10-24-2012, 11:49 AM   #60
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Now we have our dip below $1700.
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