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Making Money Flipping, Investing, You Name it. Lets discuss other ways of making money!

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  #1  
Old 09-09-2008
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Default No silver lining here

I have been getting slaughtered in my silver position. In the last month it has gone from $18 to $10.90 as of now. Cost me 8 grand so far, but I am still holding in there. It will probably bottom out ONLY after I sell out my position.
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Old 09-09-2008
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Wonderful club, NOT! Have patience.

$11.13 will just buy a Happy Meal
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Last edited by GreenBean; 09-09-2008 at 08:01 PM.
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Old 09-10-2008
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Well $18 was a little high to be buying, as for being 8k down, your only down that should U decide too bail...

And as it's a manipulated crush on precious metals, i wouldn't be too concerned, use the spot as a chance too dollar cost down..
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Old 09-13-2008
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gold my friend......oil is also down 50%
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Old 09-13-2008
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Diamonds and Krugers survive better.
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Last edited by GreenBean; 09-13-2008 at 07:23 PM.
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Old 09-17-2008
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WooHoo! Back with a vengence! Silver + $12 Today. Up $1.50 in one day. Breathing a sigh of relief, I think the bottom is in.
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Old 09-17-2008
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Did you see GOLD today?
Gold - $850.50 - Up $70.00
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Old 09-17-2008
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Yeah gold was amazing.

I think the rally has more to do with the longer term outlook on the dollar. Guaranteeing fannie, freddie, and now AIG for 80+ billion, all the while flooding the system with liquidity is not good for the long term health of the dollar and that showed today. Dollar index down over a penny.
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Old 10-26-2008
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I was stopped out of my silver position. This has been a very bad month for my commodity account. My account went from $16k to 4k. I am on the sideline now licking my wounds.

The metals and the commodities will come back, but not before the dollar tops out. I am waiting to see the dolar top out and then I will take another flyer (with tight stops) on the metals.
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Old 10-31-2008
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Quote:
Originally Posted by The_Cynic View Post
I was stopped out of my silver position. This has been a very bad month for my commodity account. My account went from $16k to 4k. I am on the sideline now licking my wounds.

The metals and the commodities will come back, but not before the dollar tops out. I am waiting to see the dolar top out and then I will take another flyer (with tight stops) on the metals.
Dollar will take time to top up. But i can say that if you are having any open position you can recovery your losses gradually and steadily.
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Old 10-31-2008
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Sam111, Any special reason why you and Donna18 are spamming the forum? What is going on? Going to come back once your post counts is high and make us offers?

Really eager to know. I am very interested in the Markets so wonder
what you want?
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