Those Precious Metals > Forum Posts

About Us

Conversations on gold, silver, palladium, platinum, rhodium and others.

Active Since 02/29/08

Adminstrators

User Avatar

Moderators

Those Precious Metals Forum > precious?? week of 3/17 - 3/21
User Avatar
User Avatar Brokerage Account

djk

Member since: Dec 07

Trades Not Shared
Trade Notes 0
Blog Posts 0
djk Brokerage Account
dang. this week made me wonder if precious metals are better left hanging from ears and necks, in small quantities. what can I say, 20% drops at least in gold, silver, platinum, palladium. I'm too stunned to look up the exact figures. Welll, heck there went my little "hedge" from the chaos of the other markets. About all I could do to stem the increasing tide of red ink was to sell my GLD, and of course it worked, shortly after I sold gold did a turn-around and is on it's way back up. My personal SLV hole is much deeper than the GLD so for the moment I'm glad I have this wireless keyboard so I can post to the group from way down in this red ink pit. It never crossed my mind that I would be swimming in a precious metal pool of red ink  What can I say, I did not have the stomach I thought I did.
User Avatar
User Avatar Brokerage Account

greg

Member since: Mar 08

Trades 0
Trade Notes 0
Blog Posts 0
engineer
Age: 30's
greg Brokerage Account

Too bad.  Consider when gold corrected almost 20% in mid 2006: http://www.kitco.com/charts/popup/au1825nyb.html

I believe there will be a similar future after this correction as well.