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Title: Peter Schiff as a contrary indicator for gold and silver? Post by: bigtimespaghetti on August 11, 2014, 02:36:06 PM Peter Schiff is apparently closing down The Peter Schiff show. This coupled with the stagnation of the precious metals, could this be the ultimate contrarian indicator to load up on precious metals?
Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: HarmonLi on August 11, 2014, 02:43:25 PM Peter Schiff is apparently closing down The Peter Schiff show. This coupled with the stagnation of the precious metals, could this be the ultimate contrarian indicator to load up on precious metals? What, he is? Really? I never thought that could happen. But the gold price really went down over the last year or so. Didn't he started accepting BTC as a payment for his gold mail order service? Maybe he got infected with the bitcoin fever and is now hoarding some BTC :) Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: bigtimespaghetti on August 11, 2014, 02:48:11 PM Peter Schiff is apparently closing down The Peter Schiff show. This coupled with the stagnation of the precious metals, could this be the ultimate contrarian indicator to load up on precious metals? What, he is? Really? I never thought that could happen. But the gold price really went down over the last year or so. Didn't he started accepting BTC as a payment for his gold mail order service? Maybe he got infected with the bitcoin fever and is now hoarding some BTC :) Haha, maybe I think Peter is still quite sceptical of it, I'd be surprised if he was holding many. Check out this guy talking about it (short video) https://www.youtube.com/watch?v=XKA7-LP7RxQ&list=UUuMc3vLpBVbH4qm3_8HYOpg (https://www.youtube.com/watch?v=XKA7-LP7RxQ&list=UUuMc3vLpBVbH4qm3_8HYOpg) Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: HarmonLi on August 11, 2014, 02:57:25 PM Peter Schiff is apparently closing down The Peter Schiff show. This coupled with the stagnation of the precious metals, could this be the ultimate contrarian indicator to load up on precious metals? What, he is? Really? I never thought that could happen. But the gold price really went down over the last year or so. Didn't he started accepting BTC as a payment for his gold mail order service? Maybe he got infected with the bitcoin fever and is now hoarding some BTC :) Haha, maybe I think Peter is still quite sceptical of it, I'd be surprised if he was holding many. Check out this guy talking about it (short video) https://www.youtube.com/watch?v=XKA7-LP7RxQ&list=UUuMc3vLpBVbH4qm3_8HYOpg (https://www.youtube.com/watch?v=XKA7-LP7RxQ&list=UUuMc3vLpBVbH4qm3_8HYOpg) Maybe he's just holding a few 'just in case he's wrong' ;) I guess a lot of people do. Ummm... do really that many people believe that the USD will be entering a hyperinflation or something? I can't believe that'll happen anytime soon, to be honest. Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: BitCoinNutJob on August 11, 2014, 03:18:17 PM Seems like a good time to dump precious metals. Governments grip is too tight the price wont go up while the gov have so much power.
Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: RyNinDaCleM on August 11, 2014, 03:20:52 PM Seems like a good time to dump precious metals. Governments grip is too tight the price wont go up while the gov have so much power. JPM holds far too much short to let it rise too far. Personally, I'm waiting for $15 +/- $2 on silver, where I will back up the truck. Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: Gotgoxed on August 11, 2014, 03:28:12 PM Seems like a good time to dump precious metals. Governments grip is too tight the price wont go up while the gov have so much power. JPM holds far too much short to let it rise too far. Personally, I'm waiting for $15 +/- $2 on silver, where I will back up the truck. JP Morgan Holds Highest Amount Of Physical Silver In History http://www.marketoracle.co.uk/Article44278.html Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: RyNinDaCleM on August 11, 2014, 03:53:03 PM Seems like a good time to dump precious metals. Governments grip is too tight the price wont go up while the gov have so much power. JPM holds far too much short to let it rise too far. Personally, I'm waiting for $15 +/- $2 on silver, where I will back up the truck. JP Morgan Holds Highest Amount Of Physical Silver In History http://www.marketoracle.co.uk/Article44278.html That whole article is speculation. However, the physical holdings of JPM may be real, it was only because of their monumental short holdings that allowed them to amass such a holding. They are still holding most of that short while they build their physical holding. I stand by my target and until $26 is broken on heavy, and I mean very heavy volume, I won't change it. I've bought a lot around $18-20 but that's it for this price range. Either lower, or confirmation that the bear market is over for me to buy more. Title: Re: Peter Schiff as a contrary indicator for gold and silver? Post by: bigtimespaghetti on August 11, 2014, 04:23:32 PM I look at it purely from a technical viewpoint- I don't buy into all the 'silver stories' true or not.
Seems that the metals are a bit of a down trodden asset, and resistance on silver has held at $18.18 for quite a while, to me it seems to be a bottoming. |