Peter Schiff as a contrary indicator for gold and silver?

[bigtimespaghetti]

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?

[HarmonLi]

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

[bigtimespaghetti]

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

[HarmonLi]

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

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.

[BitCoinNutJob]

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.

[RyNinDaCleM]

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.

[Gotgoxed]

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

[RyNinDaCleM]

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.

[bigtimespaghetti]

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.