Week In Review: DOW, Silver, Gold and the Dollar ...

[ohio1998]

holy fuck Dan, I can't fucking believe your moving into the metals. What the hell took you so goddamn long!!!!!!!! Well, if your thinking about moving into it, something is really going to fucking happen soon!!!!

[linux23dragon2008]

Exciting stuff :)

[AirelonTrading]

Heheh, thanks mate.

Just a matter of looking to accumulate at the right price - when it comes to the actual metal. I never look down on owning anything of value. Just had to be the right price.

[AirelonTrading]

:)

As to something happening? Not sure. Can't predict. But basically? I was telling someone recently. A big part of me getting to the stage I'm at now? Is because I Accumulate, trade, save and invest. I haven't talked a lot about accumulation. But at this point? Silver is cheap, today. At least I see it at a fair value. So I will accumulate. I love to accumulate anything I think will hold it's value for years. Stocks. Metals. Currencies.

But it has to be for the right price. :)

[ohio1998]

Well, I started accumulating in March. It sounds like a bad start, but it wasn't. I accumulated over time and was able to get most of my silver around $15 an ounce. Now, it's difficult for some people to find stuff under $20. I just go to the Northwest Territorial Mint when I go to buy. Ebay sucks and other "shops" will try to rip you off!

[linux23dragon2008]

I'm thinking of getting Silver bars as well, and I have been calculating the dealer buy back loss (due to the sales premium).

Of course you sell after the value goes up so its not a real loss in that regards.

But with 10 ounce and 35.2739 ounce (Kilo) Bars will loose 17% per bar from there total worth. While 20 ounce bars will loose 15.5% total. So I'm going for 20 ounce bars because it seems that you get a better return with them. I might buy some gold depending on outcome of G20 meetings.

[linux23dragon2008]

Of course that might be due to popular demand.

Any experts like to comment please?

[linux23dragon2008]

Just to clarify, I was comparing the dealer sale price (with the added premium) to the dealer buy back price for the same bars. And was calculating the difference.

If my above calculations on the difference in prices (between dealer selling and buying) has been the same over the years is something I'm not sure about.

[AirelonTrading]

Well, that's one area mate where ... sorry. I have nothing ...

:)

[linux23dragon2008]

100 ounce of Silver = 14.64% difference

[pitbbpl]

11% unemployment is more correct.

Dow 6000 or below. Economy is completly mess. To much debt, misalocation of capital. Lets take GM (who the hell will be buying this cars burning 20l/100km this is uneconomical, wastfull). Silver/gold ratio is 80 so i agree silver is really cheap.

[AirelonTrading]

What? You mean ... we should count more people on unemployment than just those getting goverment assistance for unemployment? Really? Yeah, I quote 6.82% "number" to make those who believe such fairy tales feel better.

;^)

Regardless, yeah. It's the great thing about a deflationary environment. I don't know where to put the money first.  But Silver is looking really nice. I'd personally like to see it at $7.50, but I'll keep my eye on it.

[pitbbpl]

Exactly if sombody finished getting this assistance it's doesnt mean than he find a job but yours goverment do everything to have better number. Dollar probably collapse when this force liquidation in hedge funds finish. Many people got margins call and must sell despite fundamentals in commodieties. Dollar went quick fast up but this is temporary and when finish gold and silver will go up.

You must remember that price paper silver is completly different from this phisical.

[fmsfryton]

I like your style - comments always makes sense and even fit in with other people I trust - but then I am a Brit trading the S&P.

Many Thanks (Keep it up)

[AirelonTrading]

Thanks much mate. That keeps me encouraged to keep going!

[Henkera]

Ive ben short in the dollar a while now, a bit to early, so its nice to hear you of all people to talk about a possible turnaround. Maby ill buy some more short if and when the bull triangle play out its course. You have a keen mind Dan, so this really strenghten my opinion. My timing could be better though.

[AirelonTrading]

Be very careful of that bull triangle. I'm looking for my exit, but the main reason I haven't exited yet, is that bullish triangle ...

Wish you the best ...