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Thread: Anyone Buying Gold Here

  1. #1

    Default Anyone Buying Gold Here

    Down another $140 an ounce today, is anybody taking a shot at a Gold trade here?
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.


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  3. #2

    Join Date
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    Default Re: Anyone Buying Gold Here

    Quote Originally Posted by tsptalk View Post
    Down another $140 an ounce today, is anybody taking a shot at a Gold trade here?
    Unless there is a black swan even to have this bounce sharply up, there is probably more downside risk... To be honest, I am not completely clear on why it is selling off.

    I will wait to see what happens later in the week. If it continues to sell off, I may look at picking up some gold at $1200 or so.
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  5. #3

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    Default Re: Anyone Buying Gold Here

    I'll be dollar cost averaging into my current gold etfs - just increasing my position with golden prices. What an opportunity.

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  7. #4

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    Default Re: Anyone Buying Gold Here

    Quote Originally Posted by tsptalk View Post
    Down another $140 an ounce today, is anybody taking a shot at a Gold trade here?
    Unfortunately I bought AGQ about three weeks ago.
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  9. #5

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    Default Re: Anyone Buying Gold Here

    We apparently are seeing margin call selling in the gold market - this is most likely temporary. Let'em all get out but I'm staying.

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  11. #6

    Default Re: Anyone Buying Gold Here

    no gold, but i'll start browsing the pawn shops for silver ingots if we can get below $20. problem is they don't like to sell it for less than they paid so they limit what is put out for sale and increase markup over spot to discourage buyers. they flat out tell you they have none, then when the price recovers all the sudden they have a ton of it again. i really only go there for the silver and used guns, and the gal in the jewelry dept. she likes to wear tank tops that are even more revealing when she bends down to pull the tray from the display case. sometimes i go in just to hold them and not buy anything.
    100g

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  13. #7

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    Default Re: Anyone Buying Gold Here

    Quote Originally Posted by tsptalk View Post
    Down another $140 an ounce today, is anybody taking a shot at a Gold trade here?
    I'll project we go down to 100-105 before it bounces...in mid May

    Weekly GLD Gold ETF
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  15. #8

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    Default Re: Anyone Buying Gold Here

    I'll buy when it gets back down to $325.00 an ounce again.



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  17. #9

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    Default Re: Anyone Buying Gold Here

    gold is the new apple :P

    in all honesty i wouldn't touch it yet. how does the saying go? don't catch a falling knife unless you're made of teflon


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  19. #10

    Default Re: Anyone Buying Gold Here

    Gold Trust Indicator (this is BEFORE today's big decline.)

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  21. #11

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    Default Re: Anyone Buying Gold Here

    I'm curious, would people be willing to share what gold they purchase, for e.g. IAU, GLD, etc. I'm not into silver myself...too much bulk...hernia. Thanks!

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  23. #12

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    Default Re: Anyone Buying Gold Here

    I don't have a lot of cash to throw around, and I treat my dividend stocks as buy and hold investments, so I'm not planning to sell them to raise cash. But I am going to start shifting my DCA's away from those stocks for a little while (maybe till summer) and into precious metals ETFs and mining stocks.

    Buying SLV (prolly shoulda gone GLD...) and LNMIY today. See my thread for details on that.

    My DCA's are small, so even if more weakness ensues, I'll be collecting shares little by little on the way down. Eventually when prices rise back up, I'll feel good about myself. Get rich slowly, I guess.

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