i wouldn't even think of selling my pms, these dips are getting smaller and the gains are just starting to get bigger. Even the excuses for dollar rallies are getting pretty rediculous. gold at 1000 dow at 10,000???? maybe its just me but i think i'll wait for the gold/dow ratio is bit closer the to 1 to 1, then i MIGHT sell for an asset that cash flows.
If you choose to liquidate some of your gold and or silver position to lock in some profit and again put that capital to work, which I won't do, I'd buy copper with the dollars or rare earth metals. Copper is cheap.
I won't sell my gold or silver as the juice may not be worth the squeeze short term. Its not worth selling, getting stressed and worked up, only to ask yourself 'if' you made the right call. Screw it, its a hold. But I still like copper.
unless they say that the debt you have remains for example 1000 dollars. So old debt is 1000 old dollars, new debt is 1000 new dollars (that would be not nice). You cannot tell because they make the rules (usually in their favor).
The problem in countries like Australia where most loans are variable rates or with a maximum fixed rate of 5 years....if inflation goes up 1000% per day the banks move their interest rates in tune. If the answer was this easy, why the citizens of Zimbabwe aren't dancing in the streets?
First, Zimbabwean's did not have access to unsecured credit nearly the way we do (or have) in America, so this wasn't a practical solution for them. Secondly, their currency was not the reserve currency which allowed their govn't to function on huge deficit spending and thereby allow their citizens the ability to have nearly the kind of disposable income as Americans for such moves. Lastly, rates can only be adjusted on monthly basis for unsecured debt, whereas inflation as no such limits.
Wow I was thinking of taking profits on GLD today. THe thing is I only have a small portfolio (im 19 years old) so I have around 10 shares of gld. It would have to fall a lot to make it worthwhile for pulling my money out. Because a bit of those profits would be taken up by the Retail investment company.
So with all these in mind, I think I'll just keep it for 6 months before I sell it. Nice tax reductions. If any1 has any thoughts please let me know.
Yeah I agree that GLD has no real gold, and thanks for the reccomendation of RunToGold I will check that out. I only plan on holding GLD till gold hits 1200 or so, at which time I'm going to get into small market cap mining companies for maximum profit.
Have you thought about any mining companies, or do you talk about those in any of your other videos? Thanks
I agree gold and silver will go a lot higher but its going to be a heck of a ride. Central banks all over the world are short dollars like there is no tommorow. When that reverses, your going to see the dollar rally like crazy and gold or silver lose 70% in 2 months. Just be careful with all this stuff but you have the right idea. Most of my money is also in silver. I only buy after crashes.
I want to be crystal clear with you. You should have your savings physical gold and silver if you are going to gamble do not buy GLD get into stocks now if you want to gamble. GLD gives you all the risk of a stock and the same value of as hold physical gold. So why risk holding something that can go to zero like a stock when you can hold the real thing that can't go to zero?
I am finally getting my parents to listen to me and put some of there cash into PM's...it is just an annoying time...You would deff feel bad to get someone into PM's just to see a pullback even though you know that eventually they will go up. It's an annoying middle ground time.
Yeah that was cool that he did that. He's becoming very proficient with the Final Cut editing software...but I didn't help him with the alien. That was all his own.
I personally believe the US dollar is a threat to the Canadian dollar and will pull the Canadian dollar down with it. First off yes Canada is in better shape economically and has a lower unemployment rate then the US and also is a huge energy exporter including oil. So how could the Canadian dollar fall you would ask with all these benefits? Well the most important currency exchange rate to Canada of course is the US dollar/Canadian dollar rate as the US is Canada's largest trading partner.
The US buys 85% of what Canada exports so when the US dollar falls, the Canadian dollar will rise. The higher the Canadian dollar goes compared to the US dollar, the less Canadian goods will be purchased by the US which then pulls the Canadian economy down. The Canadian government has already stated to avoid this very scenario they will do whatever needs to be done to stay competitive with the US dollar. What does that mean?
It means pushing the Canadian dollar down. The US dollar is expected to keep falling in the future and so you can only assume the Canadian dollar will too (due to government intervening to stay competitive with their largest trading partner). So in my opinion the same rules for American's to buy gold should also apply to Canadians.
Do not worry about the "price" of silver.. the price is a function of dollar valuations which is the exact reason you'd be in silver to begin with... to avoid the dollar as its value is plummeting. Worry instead about the purchasing power preserved in your silver. Compare commodities to commodities or other real things, not to fiat currency. If you sell your silver at a higher price in US dollars than you bought, you bought silver for the wrong reason in my opinion. Get out of $ and STAY OUT.
"It almost appears as if traders cannot stop selling dollars," said Kathy Lien, director of currency research at Global Forex Trading. "Newton's Law fully applies right now -- the dollar will continue to fall unless it has a good reason not to."
If he devalues the dollar then my Gold & Silver Mining Company Stocks would instantly be multiplied by the same amount as the devaluation, and that is just the start of it. Think about the BULL RUN that event would create. Remember there are only 2 ways to get GOLD: Steal it, or MINE it. I am sure the Government will Steal the MINE when all else fails. I will sell my stocks and trade the cash for Physical GOLD before that day comes. Woo Hoo baby can you say, Pay Dirt?
AGAIN, if your holding fund is not US dollars, no need at all to buy gold/silver. Look at the recent soaring of gold/silver price, they've actually been flat priced in Canadian dollars. You'd be way better off investing your money somewhere else.
Untrue gold made an all time high in CDN in the past year. I could have did some profit taking then and purchased a month and a half ago. But I don't want paper and I don't want to trade in and out of safe asset (gold) into a risky asset (paper).
How exactly can Obama devalue the dollar by presidential fiat?
Devalue it against...what?
The dollar is not a promise to provide anything in exchange for it anyway. He can't just say, "OK, now all prices for everything shall now double in dollars!"
The fact is he doesn't have to say it. It's happening anyway.
The purpose of a bank holiday would be to prevent people from accessing their ready money when the FDIC is bankrupt and can't stop bank runs anymore.
With everything going on right now, I don't think it's wise to sell physical gold and silver. If you're trading it, i.e. slv, gld, then it's a whole different ball game, and I might consider taking profits.
I'll take Peter's advice over Don's any day. A good move would be to sell a bit of silver & gold, and buy EXK (Endeavour Silver), FRMSFK (First Majestic), SVM (Silver Corp Metals, which Peter Schiff recommends), and possibly GSS.
Don might be saying to take money off the table, but then what I would do is RESET your options, if that's what you are doing. For example, I have options that expire in Jan 2010. I'm waiting until silver hits $18, and then I will sell my options and then reset my contract to Jan 2011. Because if there is a major dollar collapse, SLV and GLD should get a big pop. But make sure to buy physical before doing options.
I wonder how call options will play out in a sudden devaluation? Well one of the problems that fiat money has is derivatives such as calls and puts. No one knows the true dollar amount of the exposure and if your counter party can preform.
Say if your counter party is the Federal Reserve, and it could preform, it would wipe out the currency. There is 111 billion dollars in silver derivatives such as your call option. If there is a melt up and profit taking, by bye currency.
You were wrong in August when you turned short-term bearish on PMs, and you're going to be wrong again this time. Make a note!
You're not even being consistent really . If you're a debt holder you win during the devaluation. The last thing a debt holder should do is pay off before the devaluation.
EXACTLY!!!! I think Don "redneck" Harrold has the wrong prediction. This is the Final leg down for our frail economy,,, GET OUT OF THE USD not back into it! No more head fakes for us....
That was what I was saying. You use secured debt then if there is a devaluation it's not a problem you still own your hard asset that went up in value and the paper money to offset the debt.
If you really expect the devaluation of paper money to continue then why hold any of paper at all.
That's not my game still regardless, if you're in the game in that way, then I say play it, don't chicken out because of what is still only minor profits compared to what many of us expect..
It's Don Harrold who is saying to sell gold and taking profits in dollars not me.
In August the news was very bleak from most of the economist and I was repeating what they said, they where wrong not me, I did not sell in August, September, or October unless I need to buy something.
Both gold and silver are very near breakout points. This is not the time to sell.. Regardless of the outcome, you don't sell near breakout points, especially when nothing meaningful has changed indicating a reversal.
If you think something meaningful has changed indicating bearishness, let us know. I see nothing; and the more timidity I see from the old bulls the better.
Davinci, when/if breakouts come in PMs you're not going to have time to resposition portfolios with PM to dollars, then debt to other physical like you propose. It will be too volatile for that sort of thing.
That's how I see it anyway. I'm a bull, long-run, short-run, any which way run. We've not seen a real breakout yet. If it comes and you're trying to play games, you will be sorry.
You are preaching to the choir here! I agree with everything you say and that is my position as well. I was pointing out how someone could play it they wanted to.
I am not doing that at all. I am just show how to play the paper money game, that is all.
I have enough fiat dollars to handle the bills; everything else (the REAL money) is staying put. I suspect Don Harrold bought his PMs long before and much cheaper than I did, so current highs represent a juicier profit for him. Those of us who came later into the game have less to gain, and, perhaps, more to lose, if we sell right now, if only to then hold dollars. I trust the prices to rise over time, with the occasional dip. I'll stand pat, thanks! =^[.]^=
or just be in a semi permanent state of 25-50% dollars and 25-50% gold imo. i dont want to be trading or debting my assets... so a hold position would be a preparedness for either inflation or deflation...
Times are tough for many. If you need to make some money right now here's a guaranteed way to do it...
GuaranteedWayToMakeMoney [dot] com
BrittPhillips 2 years ago
i wouldn't even think of selling my pms, these dips are getting smaller and the gains are just starting to get bigger. Even the excuses for dollar rallies are getting pretty rediculous. gold at 1000 dow at 10,000???? maybe its just me but i think i'll wait for the gold/dow ratio is bit closer the to 1 to 1, then i MIGHT sell for an asset that cash flows.
oraclenvec 2 years ago
DXY....75.37
every bodie is selling the dollar
then every bodie else sells the dollar
then everybodie else sells the dollar...
the india rupee
looking good..
take care guys ..
chena3 2 years ago
Comment removed
ruleof3 2 years ago
Great video.
If you choose to liquidate some of your gold and or silver position to lock in some profit and again put that capital to work, which I won't do, I'd buy copper with the dollars or rare earth metals. Copper is cheap.
I won't sell my gold or silver as the juice may not be worth the squeeze short term. Its not worth selling, getting stressed and worked up, only to ask yourself 'if' you made the right call. Screw it, its a hold. But I still like copper.
Dow 10,000 anyone? haha
ruleof3 2 years ago
That's how I feel. As for copper, I will do a video soon.
davincij15 2 years ago
YouTube is eating comments today I lost several comments today on there videos. Everyone is noticing it.
davincij15 2 years ago
Put your money in the stock market. It has another 2 to 4 year run.
marketwatch101 2 years ago
uh no.
onemindonespirit 2 years ago
unless they say that the debt you have remains for example 1000 dollars. So old debt is 1000 old dollars, new debt is 1000 new dollars (that would be not nice). You cannot tell because they make the rules (usually in their favor).
dontblamethemessenge 2 years ago
The problem in countries like Australia where most loans are variable rates or with a maximum fixed rate of 5 years....if inflation goes up 1000% per day the banks move their interest rates in tune. If the answer was this easy, why the citizens of Zimbabwe aren't dancing in the streets?
EZlearningVBdotNet 2 years ago
First, Zimbabwean's did not have access to unsecured credit nearly the way we do (or have) in America, so this wasn't a practical solution for them. Secondly, their currency was not the reserve currency which allowed their govn't to function on huge deficit spending and thereby allow their citizens the ability to have nearly the kind of disposable income as Americans for such moves. Lastly, rates can only be adjusted on monthly basis for unsecured debt, whereas inflation as no such limits.
Eraser7622 2 years ago
Wow I was thinking of taking profits on GLD today. THe thing is I only have a small portfolio (im 19 years old) so I have around 10 shares of gld. It would have to fall a lot to make it worthwhile for pulling my money out. Because a bit of those profits would be taken up by the Retail investment company.
So with all these in mind, I think I'll just keep it for 6 months before I sell it. Nice tax reductions. If any1 has any thoughts please let me know.
Adahondeayenh 2 years ago
Get out of GLD and get into real gold and silver. Read about those ETFs they have no gold or silver.
Check out RunToGold that guy is a lawyer and he goes over the prospectus of GLD. Your money is in finical danger.
Do not take my word for it research figure it out. The only way to hold gold and silver is to hold physical gold and silver.
davincij15 2 years ago
Yeah I agree that GLD has no real gold, and thanks for the reccomendation of RunToGold I will check that out. I only plan on holding GLD till gold hits 1200 or so, at which time I'm going to get into small market cap mining companies for maximum profit.
Have you thought about any mining companies, or do you talk about those in any of your other videos? Thanks
Adahondeayenh 2 years ago
I have $2000 correction I have $2500 now in mining companies this makes up 1% of my net worth.
they are
IVN
CGLD
CDE
AUY
DROOY
I started with $1200 :)
Should you buy them now? No, wait for a pull back.
davincij15 2 years ago
I agree gold and silver will go a lot higher but its going to be a heck of a ride. Central banks all over the world are short dollars like there is no tommorow. When that reverses, your going to see the dollar rally like crazy and gold or silver lose 70% in 2 months. Just be careful with all this stuff but you have the right idea. Most of my money is also in silver. I only buy after crashes.
30percentplusreturns 2 years ago
Adahondeayenh:
I want to be crystal clear with you. You should have your savings physical gold and silver if you are going to gamble do not buy GLD get into stocks now if you want to gamble. GLD gives you all the risk of a stock and the same value of as hold physical gold. So why risk holding something that can go to zero like a stock when you can hold the real thing that can't go to zero?
It's not logical.
davincij15 2 years ago
The point was.
IF and ONLY IF you want to sell.
I REPEAT IF YOU WANT TO SELL
Do not buy dollars.
davincij15 2 years ago
Very Good analysis of Real Money vs Debt payments, use the system to your advantage
Hendo1974 2 years ago
That was what I was saying, if you want to sell do not buy dollars because it's only useful for paying debt.
davincij15 2 years ago
Thanks!
fal2grace 2 years ago
Colorado's min. wage just went down. It adjusted with deflation. This is the first time in about 60 years.
DebtIsMoney 2 years ago
Good luck with your gamble Don...
aybesee123 2 years ago
boring same old same old
come up with somenthing new to discuss
orangefield1 2 years ago
its like watching the slugs eat my beans,
the sheer inevitability of it,
if only i had given them the beer
raising the interest rate would have saved the country. Damn
1mealperday 2 years ago
I am finally getting my parents to listen to me and put some of there cash into PM's...it is just an annoying time...You would deff feel bad to get someone into PM's just to see a pullback even though you know that eventually they will go up. It's an annoying middle ground time.
Thoughts on how to deal with this inner debate?
BackBurnerNews 2 years ago
Talk to them about this, don´t take it on your shoulders. Everyone should take his share of responsibility...
Tell them what the risk is when they continue holding USD vs.a 20% correction in dollar??? terms.
And if they don´t need to sell the PM next 6 Mo. or so, they may be fine with the decision.
Nice space ship in Warrens video, isn´t it? It´s your fingerprints on it, HAHA
gabrielm1971 2 years ago
@gabrielm
Thanks.
Yeah that was cool that he did that. He's becoming very proficient with the Final Cut editing software...but I didn't help him with the alien. That was all his own.
BackBurnerNews 2 years ago
Can you stagger their orders ? Say a few coins every 2 weeks? No matter what the price, this way they will average in.
tinslatee 2 years ago
Yup good info.
1TheTruthChannel1 2 years ago
I personally believe the US dollar is a threat to the Canadian dollar and will pull the Canadian dollar down with it. First off yes Canada is in better shape economically and has a lower unemployment rate then the US and also is a huge energy exporter including oil. So how could the Canadian dollar fall you would ask with all these benefits? Well the most important currency exchange rate to Canada of course is the US dollar/Canadian dollar rate as the US is Canada's largest trading partner.
XonixRogotta 2 years ago
The US buys 85% of what Canada exports so when the US dollar falls, the Canadian dollar will rise. The higher the Canadian dollar goes compared to the US dollar, the less Canadian goods will be purchased by the US which then pulls the Canadian economy down. The Canadian government has already stated to avoid this very scenario they will do whatever needs to be done to stay competitive with the US dollar. What does that mean?
XonixRogotta 2 years ago
It means pushing the Canadian dollar down. The US dollar is expected to keep falling in the future and so you can only assume the Canadian dollar will too (due to government intervening to stay competitive with their largest trading partner). So in my opinion the same rules for American's to buy gold should also apply to Canadians.
XonixRogotta 2 years ago
That is how I feel too, Carney, A former Goldman Sachs boy can't let the Canadian dollar go too high or we would have no economy up here to protect.
tinslatee 2 years ago
1) What acquisitions could outperform silver?
2) In what case would it make sense to sell now as opposed to waiting a few weeks or months?
2) Do you foresee a scenario that would cause the price of silver to decrease and what is it?
3) Are there any other assets or debt that you foresee increasing in price faster than silver soon?
4) Are you hinting on stocking up with survival gear?
Caitanyadasa 2 years ago
1) None.
2) None.
3) No
4) No.
5) No.
What I was saying is IF and ONLY IF you want to sell make sure you will not buy dollars and if you want to hold dollars do it with debt.
davincij15 2 years ago
Comment removed
Caitanyadasa 2 years ago
Do not worry about the "price" of silver.. the price is a function of dollar valuations which is the exact reason you'd be in silver to begin with... to avoid the dollar as its value is plummeting. Worry instead about the purchasing power preserved in your silver. Compare commodities to commodities or other real things, not to fiat currency. If you sell your silver at a higher price in US dollars than you bought, you bought silver for the wrong reason in my opinion. Get out of $ and STAY OUT.
Eraser7622 2 years ago
Just a gut feeling..no pullback this time around. Hard asset mania is rampant. The USD is in the crock pot.
The Dow is overvalued..The Sheep are going to get scorched..or is it sheared? Mutton anyone? or a wool sweater for 500 bucks?
demensha23 2 years ago
Yes I agree I was just pointing out what day traders should do.
davincij15 2 years ago
Comment removed
Caitanyadasa 2 years ago
DXY 75.59
no stopping this ..
down half percent
in 8 hrs
chena3 2 years ago
good luck, chena, peace to you all.
Thank you Davinci.
1mealperday 2 years ago
If we need to pay bills, and are planning to take profits, it is better to sell too soon rather than risk selling too late.
InTheSticks1881 2 years ago
mr bill not you too ohhh no
"It almost appears as if traders cannot stop selling dollars," said Kathy Lien, director of currency research at Global Forex Trading. "Newton's Law fully applies right now -- the dollar will continue to fall unless it has a good reason not to."
this is ugly
chena3 2 years ago
honk honk
that goose
pooped the bed
silver 18.01 $ per oz
chena3 2 years ago
Wake up the PPT it's the dollar is taking a hit. Quick little Timmy what are you going to do?
davincij15 2 years ago
got my hands around big old gooses neck
want to squeeze and ,
make him go honk honk
and say silver 18.00 $ per ....
but is only 17 .99
that goose won't honk ...
is all good ....
kinda scary ...but profitable
play hard ...
watch out for goose poop ...
chena3 2 years ago
DXY 75.61
sleeping with
the fishes.....
chena3 2 years ago
Fresh new 52 week low.
Nice.
davincij15 2 years ago
BoobTube is eating posted comments, again. Don't they maintain this joint? =0[.]o=
Raycheetah 2 years ago
If he devalues the dollar then my Gold & Silver Mining Company Stocks would instantly be multiplied by the same amount as the devaluation, and that is just the start of it. Think about the BULL RUN that event would create. Remember there are only 2 ways to get GOLD: Steal it, or MINE it. I am sure the Government will Steal the MINE when all else fails. I will sell my stocks and trade the cash for Physical GOLD before that day comes. Woo Hoo baby can you say, Pay Dirt?
MrBankRuns 2 years ago
AGAIN, if your holding fund is not US dollars, no need at all to buy gold/silver. Look at the recent soaring of gold/silver price, they've actually been flat priced in Canadian dollars. You'd be way better off investing your money somewhere else.
GoldSilver588 2 years ago
Untrue gold made an all time high in CDN in the past year. I could have did some profit taking then and purchased a month and a half ago. But I don't want paper and I don't want to trade in and out of safe asset (gold) into a risky asset (paper).
davincij15 2 years ago
FYI gold just hit 1,70 overnight trades
ksabin711 2 years ago
What does anyone think about silver coming down??
i would like to purchase some and have been waiting for price to come down but it seems to just be going up and up..?
Any thoughts on when to purchase more inventory??
loymonteiro 2 years ago
I'm waiting but keep in mind my position is set and it will not hurt if I never see $17 again.
My buy target is 16.75 or lower.
davincij15 2 years ago
Thanks for everything! see ya soon,,
loymonteiro 2 years ago
I'll give you this paper I have for your gold and silver. Give me a ring. :)
Kashmir2000is 2 years ago
I'm not selling! Ask Don to sell you his gold and silver.
davincij15 2 years ago
ok :) Don, if you're reading, will you sell me your gold and silver? hee hee
Kashmir2000is 2 years ago
LOL!!
Wow, gold is now @ $1,069.40, and silver is @ 17.99!!
samsterlok 2 years ago
So Davinci...
How exactly can Obama devalue the dollar by presidential fiat?
Devalue it against...what?
The dollar is not a promise to provide anything in exchange for it anyway. He can't just say, "OK, now all prices for everything shall now double in dollars!"
The fact is he doesn't have to say it. It's happening anyway.
The purpose of a bank holiday would be to prevent people from accessing their ready money when the FDIC is bankrupt and can't stop bank runs anymore.
dashxdr 2 years ago
There are many options, remember the British did this in 70s.
davincij15 2 years ago
You'll never make a dime trading bullion short term across the bid/ask.... Bullion investing is a long term trade over years...
frontier1701 2 years ago 2
Agreed!
I think this video is misunderstood.
If you are going to take profits it has to be in something other than dollars is my point.
davincij15 2 years ago
With everything going on right now, I don't think it's wise to sell physical gold and silver. If you're trading it, i.e. slv, gld, then it's a whole different ball game, and I might consider taking profits.
bluecat1122 2 years ago
I agree. Profit in dollars? That's an oxymoron.
davincij15 2 years ago
usd @ 75.66 right now
1mealperday 2 years ago
Where can I get an overnight quote for the USD?
Swifive 2 years ago
google
US dollar index
Second link from the top is the one I use.
davincij15 2 years ago
market watch DXY futures
20 min lag ..
chena3 2 years ago
I'll take Peter's advice over Don's any day. A good move would be to sell a bit of silver & gold, and buy EXK (Endeavour Silver), FRMSFK (First Majestic), SVM (Silver Corp Metals, which Peter Schiff recommends), and possibly GSS.
Peter recommends SVM:
/watch?v=ZPeFBGRDnQk
samsterlok 2 years ago
That is a logical use of profit taking of gold and silver.
davincij15 2 years ago
Don might be saying to take money off the table, but then what I would do is RESET your options, if that's what you are doing. For example, I have options that expire in Jan 2010. I'm waiting until silver hits $18, and then I will sell my options and then reset my contract to Jan 2011. Because if there is a major dollar collapse, SLV and GLD should get a big pop. But make sure to buy physical before doing options.
ggadguy 2 years ago
I wonder how call options will play out in a sudden devaluation? Well one of the problems that fiat money has is derivatives such as calls and puts. No one knows the true dollar amount of the exposure and if your counter party can preform.
Say if your counter party is the Federal Reserve, and it could preform, it would wipe out the currency. There is 111 billion dollars in silver derivatives such as your call option. If there is a melt up and profit taking, by bye currency.
davincij15 2 years ago
You were wrong in August when you turned short-term bearish on PMs, and you're going to be wrong again this time. Make a note!
You're not even being consistent really . If you're a debt holder you win during the devaluation. The last thing a debt holder should do is pay off before the devaluation.
rayomans 2 years ago 2
EXACTLY!!!! I think Don "redneck" Harrold has the wrong prediction. This is the Final leg down for our frail economy,,, GET OUT OF THE USD not back into it! No more head fakes for us....
Repomex01 2 years ago 2
That was what I was saying. You use secured debt then if there is a devaluation it's not a problem you still own your hard asset that went up in value and the paper money to offset the debt.
davincij15 2 years ago
If you really expect the devaluation of paper money to continue then why hold any of paper at all.
That's not my game still regardless, if you're in the game in that way, then I say play it, don't chicken out because of what is still only minor profits compared to what many of us expect..
rayomans 2 years ago
It's Don Harrold who is saying to sell gold and taking profits in dollars not me.
In August the news was very bleak from most of the economist and I was repeating what they said, they where wrong not me, I did not sell in August, September, or October unless I need to buy something.
Now I know witch ones are full of it.
davincij15 2 years ago
Both gold and silver are very near breakout points. This is not the time to sell.. Regardless of the outcome, you don't sell near breakout points, especially when nothing meaningful has changed indicating a reversal.
If you think something meaningful has changed indicating bearishness, let us know. I see nothing; and the more timidity I see from the old bulls the better.
rayomans 2 years ago 2
rayomans:
I agree, this video is for day traders who want to jump in and out for profit. I am not doing that.
davincij15 2 years ago
Davinci, when/if breakouts come in PMs you're not going to have time to resposition portfolios with PM to dollars, then debt to other physical like you propose. It will be too volatile for that sort of thing.
That's how I see it anyway. I'm a bull, long-run, short-run, any which way run. We've not seen a real breakout yet. If it comes and you're trying to play games, you will be sorry.
rayomans 2 years ago
rayomans:
You are preaching to the choir here! I agree with everything you say and that is my position as well. I was pointing out how someone could play it they wanted to.
I am not doing that at all. I am just show how to play the paper money game, that is all.
davincij15 2 years ago
I have enough fiat dollars to handle the bills; everything else (the REAL money) is staying put. I suspect Don Harrold bought his PMs long before and much cheaper than I did, so current highs represent a juicier profit for him. Those of us who came later into the game have less to gain, and, perhaps, more to lose, if we sell right now, if only to then hold dollars. I trust the prices to rise over time, with the occasional dip. I'll stand pat, thanks! =^[.]^=
Raycheetah 2 years ago
Personally if you see you need some currency in the next 2 months then take profits but if you don't then hold.
davincij15 2 years ago
or just be in a semi permanent state of 25-50% dollars and 25-50% gold imo. i dont want to be trading or debting my assets... so a hold position would be a preparedness for either inflation or deflation...
and no one really knows which will happen.
psbyowner 2 years ago
don made a wrong move by selling gold/silver.
stellaconcepts 2 years ago 6
Stella a personal message is coming from me to you and davincij....see you soon
zappos49 2 years ago