Hold until Gold $1100 or lower and sliver $17.40 or lower

[southernreign1]

What everyone forgets... Gold does not change in value, the DOLLAR does, it just takes more dollars to buy an ounce of gold because the dollar keeps falling in value!

[sinnersavedbygrace7]

I think one important thing to remember here is that we shouldn't try TOO hard to time the market. Growing up I was always told to put the same amount into savings/stocks or whatever the investment was and I think the same should apply to gold/silver. Just buy the same $ value each month and your stash will be huge before you know it.

[sinnersavedbygrace7]

I think that $1000 is the new floor for gold from this point on. Once it hit that landmark and stayed nearly all investors in gold will jump heavily on $999 and under sending the value back up over 1k. Can anyone give me a scenario where this is not the case?

[davincij15]

$1100 now became the new floor.

[mojojodon]

Im waiting for you to be right about 1 thing in your vids.

I love how you say "The stock market has gone up for a long time now...about 9 months." That's not a long time....

[fleurbrun]

Thank u Davinci!!! Where can I purchase gold and siver safely,,,I am going to convert a good amount but have two little ones and not enough time to research .

[davincij15]

This may or may not be the bottom so scale in 10% to 25% at a time.

Best place to buy is Apmex, ask VisionVictory for a coupon code I'm sure he has one as he as spoken to the VP.

BTW I have to kids and I did not buy gold and silver for 2 months after I read all about it. It made me feel secure that I made the right choice since all other financial advice has been false.

Take the time to read "Guide to Investing In Gold and Silver" If you have any questions, just ask no mater how basic.

[jmallton]

dude........why dont you talk about things like the collapse of the Greece economy ?

This has a bearing on the dollar. This is why I cannot give much credence to the doomsdayers on youtube, you dont understand how everything is interconnected.

Did the EU or UK have any major loans to Greece ?

Is Greece going to default on loans ?

[davincij15]

-Its a nail in the coffin for the Euro.

That's nice don't watch.

-Yes.

-Yes unless they get a secret bailout like Goldman sucks did via AIG.

[urkingod]

How do I know when to buy silver and when to sell them? I do not have much and thinking of getting into silver... (can not afford gold). But say, bought some, now what!? Just collect dusts around the house I am afraid.

[davincij15]

I understand your fear, its real and justified since your hole life all you have ever known is paper money.

By reading history I have the opposite feeling I'm afraid to have any paper money at all.

Picture this you live 2000 years and in that time you saw 3800 paper money come and go. What would be your conclusion?

All I can suggest you do is start reading, it took me months and 100s of hours of reading to have the confidence I have today.

Gold and silver IS money, Its an absolute.

[prettyxnadia]

coins are shiny

[sharkloaner]

Sorry if u think that I am uncool. Good luck with your gold and silver; pray they won't drop prices like they CAN.

[davincij15]

I hope they drop the price I can buy more with my freshly printed money I get from the banks.

Why? Because reality remains a constant paper is paper or account entries is just an account entry. Gold and silver are real items that have a real cost of labor and effort.

Have a nice day sir.

Come back when inflation is killing you and you can't raise rents. You would help a lot of people understand after the fact.

[TDanceSchool09]

ur featured and i am lost never saw blacks featured before on youtube. gratz

[davincij15]

For real? I am featured on YouTube!?  Dam!

[TDanceSchool09]

indeed you were there earlier hence how i found this video...

[MissNevada08]

Thanks davincij for your videos. I have spent the last two months doing my homework on silver/gold, and am proud to say I put part of my savings this week into 900 oz silver. It has been eye opening to watch the reaction of my friends...as they think I am crazy. But I ask them, do a couple hundred hours of research on the market and precious metals..then tell me what you would do. Your vids were very helpful in this big decision...so thank you.

[davincij15]

It's all about the knowledge friend. Tell your friend that knowledge is free just go find it.

From not on do not believe a word anyone is saying always research it for yourself if you plan to act on what they are saying.

[sharkloaner]

Silver and gold WILL GO UP and then they WILL drop like a rock. The IMF has 3000 tonnes of gold and they WILL innundate the market soon. They are selling gold RIGHT NOW, India was just fooled into buying 200 tonnes. One or two years more and the bubble will burst worse than anything else. Then everyone will scramble to get rid of the damn gold and silver. Hey, I like silver, I have some 200 ounces, got some gold too, . Be careful people, you don't pull the ropes on this new game, THEY do!

[sharkloaner]

Hey Davincij, remember me? I am the one saying that silver and gold is the next ponzi scheme and I was buying properties instead. Guess what? I am finishing renovating an apt which I am going to rent out and I just did some calculation and here's the results; with the two properties that I will rent (one is already rented) I can buy about 800 ounces of silver a year at the current prices.I have had one property for almost ten years now and I milked a lot of cash out of it.Can u rent silver?

[davincij15]

Silver and gold are not wealth generating assets or a job. It is money a form of savings when you do not want to invest your hard earned wealth.

That's what you are not understanding.

[davincij15]

I want to be clear here so you understand how uncool you where. I will repeat what you just said but based on my wealth generating method....

Hey dud remember me? I'm the one that said homes are a ponzi scam. I just finished a program sold it to a bank for 1.7 million dollars a year now I can buy 100,000 oz of silver. I milked banks for millions can you say that about houses?

The banks are going to hyper inflate you will not be able to raise rents on people via regulations. Good Luck.

[justaquicklook]

Gold, Silver...it means nothing. Your body cannot digest it, it does not have the nutrients needed to survive and fight your next battle.

The day will soon come when I will trade you one pound of Angus beef for your pound of precious metals, In reality I will trade you my pound of beef for a dozen shot gun shells. ...get it?

[davincij15]

You can not digest a 1 billion dollars in your bank account.

One day I will not even trade you 1 bound of beef or a dozen shot gun shells for 1 billion dollars written into my account.

Money is a tool like the knife to cut beef or the gun to protect yourself. Like all tools there are very good ones and very bad tools. A good tool for money would an item that someone can't create for free or little effort. Thus account entries don't qualify. lol ;)

[justaquicklook]

Many words there davincij15 but can you rephrase that comment to make it more clear? I have no idea if you are debating or agreeing with me. I do agree with you in that money being, in reality, a tool.

[abe2517]

A buying opportunity is nothing to fear my friends!!

[JOConnor100]

I agree with you. It will at least go to $1080 possibly down to $975. It will then take off again and make new highs. Silver will go to $16 and at most drop to$14.50.

[davincij15]

I will sell you a 1015 put for $15 where you can sell gold for 1015 if it falls below 1000 you would be in the money.

LOL

It will NEVER get below 1000, you can take that to the bank.

[JOConnor100]

I received that information from my local dealer who sold me some gold. He told do not buy any gold unless it starts trading at 1080 or below.

[davincij15]

1080 is possible in the next 30 days but not for longer than quick dip.

[brown55061]

No way will silver drop another 25-30%. The lowest I imagine is around the $16.30 area. Regardless this is a time to buy while we can afford it.

[JOConnor100]

Silver is barely over $17. A drop to $14.50 is only a 15% drop. I really do not care if they smash silver because I am buying it 10-15% below spot.

[brown55061]

Did you make a deal with the devil? lol 10% below spot is awesome. Care to share sources? =)

I've already gotten as much bullion as I can bare right now. Its enough to sustain my savings at least.

[JOConnor100]

I buy junk silver from a small local dealer. My advice is to seek out local dealers in your area to get the best price.

[texture6]

The youtube community, current vibe is running like the stock trader on the wall street floor, meanwhile we can't see over the mountain of debt ...News Head Line... America is taking back the manufacturing power - back from CHINA.

Kenny Rogers - The Gambler

[pokemonyu]

Gold and US dollar index can go up together.

[Shameonfed]

Just read Bob Chapman's newest piece on the International Forecaster. He makes some interesting comments about the drop in gold and silver prices.

[puapake]

Don't you think that when the US treasury is trying to sell bonds, gold and silver mysteriously take a nosedive. Technical analysis is difficult in a manipulated market.

[jsmythib]

yup- But I couldnt tell you what the currency would be :)

[TheAntigov]

Most central banks around the world are buying gold at record amounts. A majority of countries are following our lead with low interest rates/money printing, devaluing thier currencies to collapse. Before collapse, governments in tandem with the US raise interest rates. Giving an illusion of a stronger currency. Deflating perceived gold value drastically. They buy up the cheap gold. The high interest kills whats left of our collapsing economy and currency. Usher in a gold backed world currency.

[Alexiscom1]

I am swiching from gold to physical silver. I am buying from Apmex. When i look the economic data i would say every time gold or silver is down 3% or more like now buy buy buy. How y guys can set any percise figures? 1100 is excelent but 1150$ looks really good to me compare to the pick of 1220$.

[AfterTheFox75]

Thanks for the update Davinci! :) I managed to buy at 17.24 spot (I think it was). Not bad eh? lol -Oh, and for some reason this vid didn't show up in my subscription list. Weird.

*Anyone in the US or Canada* Apmex is selling Sunshine mint rounds at a deep discount for the next two days! I bought some today at 18.11 each.

[bc5620]

those of you who want to sell off your silver please contact me...I'll buy

[Roachenator]

you should return the Mona Lisa to La Louvre

[chroNick546]

Corrections are healthy for the market. It shakes out the stupid speculators, and the people who aren't confident. Right now, I don't think the dollar is really getting that much stronger. It's the other countries like Japan which are starting to devalue their currency because it's getting too strong. Gold will react against all currencies, not just the relative price of dollars to other currencies. It's a good buying opportunity IMO because people will figure out that this dollar rally is BS.

[skybirdbird]

back up to 1144 so far today.....

[redline1189]

you should have been in withdrawal by now great video make sure to take care of those other priorities in your life.

[moofph]

...my advice is two flip a coin:

heads is a buy

tails is buy more.

[doobsta]

well said...al the other shit is just noise to confuse you.

Nothing has changed...

181 billion this week up for auction...

PPT is pumping the dollar as hard as they can.

[loymonteiro]

thank you..

[KarlBrkr]

I actually bought some more Physical last night at Gold 1129.50 & Silver at 17.75. For my long term monthly purchase plan. If it goes lower by Jan 5th I'll average more in at a lower price.

Hard to tell but long term we know the dollar is only toilet paper so either way who cares about a few bucks more or less at these levels in PM.

Thanks

Karl, NY

AKA: bullorbearreport

[fal2grace]

Thanks davinci.

[rangeyer]

The dollar will be dead by 2012.

[davincij15]

Looks like it, the world is letting Americans print because they are fearful of the loss of value they have in the dollars they currently have.

I hate to break it to them the losses are already their just like someone holding a nasdaq stock in 2000, but worse as they keep accepting more dollars.

[profesas]

stock piling 1oz bullion bars

[Ganbareg]

Gold/silver long haul.

[dabruin2]

Spot moves down, but prices still remain high for all I can tell. Spot moves down, but then the mint says they're ceasing production? If you check on Ebay, you'll see that after fees, metals are still receiving a premium.

[mallamoozoo]

meaning what? The price moves are all just in the paper game world?

[Michael7893]

oh davincij15 i think that all your subscribers should keep tight eye on the fed and any moves they make to strengthen the dollar as well. there maybe a reverse repo move to soak up monetary notes and apparently the tarp will continue dont know if it will have a impact. in march after the reverse repo ends there may be marginal or nominal(bernake speak not mine) rate increases. might not do much then again could force a correction. but if the timing is right you folks can make out good.

[grasshutz]

this is a long term investment, gold and silver. like bob chapman says. buy, buy, buy...you could double your money in a year or so...

[amalmansy]

thanks for the video and the links :)

[shawnaspen25]

Big Drop Coming!!!

[ccharlie100]

Even if gold does hit below 1100, the dealers will hold the margin over spot price high, wait and see.

There will be no free market on this drop, too many dealers know it will be a short term blip and they will hold out taking profit.

Silver is different but only in bullion. I dont see 12 dollar rounds out there anymore.

[aikpanchi]

Do you think dollar is going to go up in short term?

Btw thanks for all your videos and also for the list at the side.

[texture6]

I work the 3rd shift so I monitor it 4 to 5 times a night have my account on stand by :) ):

[chena3]

spot

plus 3%

[texture6]

@chena3 I thought it was inflation ha.ha.ha

[chena3]

actually i'm in the deflationary camp ...

just figure gold silver

will deflate less than dollar will devalue ...

just a thought ....

[chena3]

more gold

bytches..

[vention4wh]

I just buy a couple hundred worth every month with some extra cash. I doubt I'll get the best deals this way but slow and steady wins the race, or so I've heard. I don't think I'll ever have any great fortune of precious metals but it should be enough to come in very handy if the layoff fairy knocks on my door.

[ShaneChiswick]

lol @vention4wh put some colloidal silver above your door frame and the layoff fairy may pass you by bro.

[vention4wh]

ShaneChiswick

LOL. That's a great idea! If something like that it worked once, maybe it'll work again. Thanks dude.

[texture6]

SoCal Commercial Real Estate WTF empty,empty,empty buildings

[DEMCAD]

I have no idea what's going to happen with silver and gold in the short term, so I'll just buy no matter what.

[texture6]

Continue, stock piling ammunition, rice,beans and waiting for sliver to drop some more I kick myself for not buying @ $183.50 for 10 - 1oz bullion bars...can't wait for the New Year, April and July great turbulence

[DEMCAD]

I really like the intro. It's short and to the point.

[davincij15]

Same here. Made it myself. :)

[lilbitparanoid]

I maxed on silver @ 17.00 or I would be buying right now. This can't last long, nothing has changed except the propaganda. More stimulus coming our way, rates still rock bottom.

Check out IraEpsteinFutures channel for a really great daily technical analysis of metals markets.

[drutter]

This is the pullback we've been waiting for - finally!

[demensha23]

Anybody getting spooked yet? dejavu back in July...don't dump your position unless you see the whites of a central bankers eyes.

[stellaconcepts]

i dont think ppl need to wait.

$100 discount is good for me.

you MAY see 1080 on the chart, but you MAY not... is it worth not trading your dollars for gold if you're only going to save $50 if your right?

just get ur hands on metal - ignore the spot price. we aint see nufin yet! ;)

[SolarAlchemy]

Agreed. This is a deep enough price dip to justify a large order if you've been waiting for a correction. Remember everyone - the trend is UP. The longer you wait, the more expensive it becomes...

[edmack4me]

@stellaconcepts Waiting is for the 'don't know what to do sheeple' - just buy.

[suzettespencer]

@stellaconcepts Waiting for a vid from you before I buy hehe.

[stellaconcepts]

consider this my vid ;)

[davincij15]

Very true John but we all want to get the bet price for what ever we buy, I know in the long run it will not matter but the $50 I save today could buy me 2 more oz of silver that will be worth $2000 tomorrow in today's dollars.

[SolarAlchemy]

As far as the technical analysis is concerned, I have a few friends who claim the support level is $1080 for gold and a respective trend for silver, so davinci you very well may be correct. We can agree for sure that the price level won't hold for very long.

[stellaconcepts]

who's to say it doesnt spike down to 1080 and shoot right back up again - before you have a chance to even scratch yourself - let alone get the physical.

[ShaneChiswick]

@stellaconcepts You are into silver because of its supply demand issues I believe. Now that the GFC is unfolding do you think that you should be in gold as it is the ultimate form of money. Or are you content with your silver as money + its industrial usage?

[stellaconcepts]

you might not see the $50 decrease in price - and be stuck holding cash.

I wouldnt play the markets when buying physical after the staggering drop we've seen.

if your trading it - sure - consider all options - but for physical... just buy.

a lot of suppliers arent even passing the savings on anyhow!

[SolarAlchemy]

Exactly. The support level is just that - a support level - and not necessarily a number we will see for sure, nor is it guaranteed to hold at that level for long if it even breaks it at all. It's not even a question of price levels for me right now, as I'm focused on a few ounces of silver at a time. My desire to order bit by bit isn't determined by the current spot price, but rather out of my fear of holding US dollars.

[samsterlok]

Very true, First Majestic is still asking $19.25/oz for there rounds, and Maples @ A P ME X are selling for over $20/oz

[stellaconcepts]

there could be massive issues with delivery with comex/lme in dec if the physical vs spot price continue to diverge.

[davincij15]

There was a huge divergence in silver prices here last year. I could not get silver for less than $5 cdn over spot at this same time last year.

[davincij15]

John, your are right about dealers not passing the savings on.

That's why I am thinking of buy certificates and wait for the next all time high to trade into physical. I will check the costs and see if it's worth while.

[GovWillKillU]

fought the urge to sell, but theres nowhere to put dollars, and dont want to sit on dollars. stock market will drop if dollar strengthens, and the gov doesnt want to lose control; they can control inflation, therefore this drop is a mere phase before another run up imo.

[Raycheetah]

@GovWillKillU

You have just defined the most basic reasons to buy and hold PMs. Even if profits are minimal, preserving your wealth is practically impossible in other media.

Nothing goes up in a straight line! =^[.]^=

[D33Lux]

Crap! I just bought some silver at a high spot price :-(

Oh well gonna grab some more when it dips. Thanks for the heads up davincij15.

[whiskerchild]

davinc:

Thanks for the info. Good vid as always

[RainstormGB]

buy on the dips :)

[dlmaniac]

Been waiting for it for a while. :-)