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Title: APMEX not selling until the markets open. Post by: Bitcoin Swami on August 07, 2011, 04:32:48 PM *Attention – Due to the uncertainty in the global precious metals markets, we will not be able to accept any additional orders until the global markets re-open in Asia. We expect to be accepting orders around 6:15 pm EST. Sunday August 7th, 2011, following the market open.
Hm which way will the metals go? Title: Re: APMEX not selling until the markets open. Post by: cypherdoc on August 07, 2011, 04:42:30 PM i've got a huge short on the metals in place... ;D
edit: and INCREASED my position in bitcoin over this weekend. Title: Re: APMEX not selling until the markets open. Post by: Bitcoin Swami on August 07, 2011, 04:51:37 PM So you're saying they're expecting the prices to go down? Why would they halt selling in that situation? Just wondering. I'm thinking about expanding my bitcoin position as well. Problem is I have mine on Tradehill and the prices are higher there. Hate to move but might need to very soon.
Title: Re: APMEX not selling until the markets open. Post by: cypherdoc on August 07, 2011, 04:58:26 PM So you're saying they're expecting the prices to go down? Why would they halt selling in that situation? Just wondering. I'm thinking about expanding my bitcoin position as well. Problem is I have mine on Tradehill and the prices are higher there. Hate to move but might need to very soon. mine is definitely the contrarian view. personally i think the Fed realizes it's got to get the metals prices down otherwise they will truly destroy their monopoly on money creation. Title: Re: APMEX not selling until the markets open. Post by: evoorhees on August 07, 2011, 05:47:24 PM Yeah why in the world would metal prices fall after this debt downgrade??
And how exactly does the Fed keep metal prices down in any meaningful way? Title: Re: APMEX not selling until the markets open. Post by: westkybitcoins on August 07, 2011, 06:50:14 PM And how exactly does the Fed keep metal prices down in any meaningful way? The three key methods seem to be: - Short selling. Massive, naked short selling. - FUD and pro-anything-but-metals propaganda. - Electronic market manipulation and rigging. Title: Re: APMEX not selling until the markets open. Post by: cypherdoc on August 07, 2011, 11:31:10 PM Yeah why in the world would metal prices fall after this debt downgrade?? And how exactly does the Fed keep metal prices down in any meaningful way? severe deflation, the end of QE, the end of an 11 yr bull mkt and....Bitcoin? Title: Re: APMEX not selling until the markets open. Post by: ffuentes on August 07, 2011, 11:35:22 PM Title: Re: APMEX not selling until the markets open. Post by: sunnankar on August 08, 2011, 06:34:16 PM i've got a huge short on the metals in place... ;D edit: and INCREASED my position in bitcoin over this weekend. Shorting gold with QE .... Bad Idea. Don't worry I like when people back their opinions with their money because it shows true conviction. I will take your purchasing power all day long. Scoreboard. Title: Re: APMEX not selling until the markets open. Post by: cypherdoc on August 08, 2011, 06:50:57 PM i've got a huge short on the metals in place... ;D edit: and INCREASED my position in bitcoin over this weekend. Shorting gold with QE .... Bad Idea. Don't worry I like when people back their opinions with their money because it shows true conviction. I will take your purchasing power all day long. Scoreboard. yeah, its painful right now but keep a close eye on silver. its not confirming gold and the PM stocks are getting decimated. margin calls are going out and one usu sells their best performers under duress. silver looks to be rolling. if it continues gold will follow. it took about 4 mo after the Dow rolled in 2007 for gold/silver to roll also. be careful. i'm scaling in ZSL and DZZ double inverse shorts. Title: Re: APMEX not selling until the markets open. Post by: CurbsideProphet on August 08, 2011, 07:35:28 PM i've got a huge short on the metals in place... ;D edit: and INCREASED my position in bitcoin over this weekend. Shorting gold with QE .... Bad Idea. Don't worry I like when people back their opinions with their money because it shows true conviction. I will take your purchasing power all day long. Scoreboard. yeah, its painful right now but keep a close eye on silver. its not confirming gold and the PM stocks are getting decimated. margin calls are going out and one usu sells their best performers under duress. silver looks to be rolling. if it continues gold will follow. it took about 4 mo after the Dow rolled in 2007 for gold/silver to roll also. be careful. i'm scaling in ZSL and DZZ double inverse shorts. I don't mind holding the gold I currently own since it was bought at around $800. I'm not a buyer at these prices although I'm not short either. Be careful of those double inverse shorts, they correlate rather poorly over the long-term with their underlying benchmarks. I find them only useful for short-term bets. |
