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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 453.99-0.1%4:00 PM EST
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To: Hawkmoon who wrote (78188)8/22/2011 1:46:08 PM
From: maceng2  Read Replies (1) of 220016
 
FWIW, I put this chart together some time ago and last updated it in about July 2010.I have not changed anything except to compress the time scale.

2.bp.blogspot.com

I have been watching it since that time, usually with mouth agape.

It is strange how prices rise and fall to straight lines drawn on Graph.

Silver was good to me, the pm's have however always been very white knuckle ride in nature.
In the past, I don't know how much manipulation has been involved but when silver took a turn for the worse it usually got hammered down bad. 2X gold moves. That can be interpreted as an opportunity of course, but only once you have funds to invest. You also have to look at spectacular % paper losses on occasions.

I am expecting more of the same on that score.

I am planning on another gradual accumulation. I think Elroy maybe right, pm's are just a form of currency with a poor rate of return over 1900 years or whatever.

As a personal pension fund though, that is exactly what I am looking for ... a return of my funds, which I regard as an excellent investment these days -ggg- I have mentally kissed good bye to any company pension funds I will be due. If they come in, wonderful, but I harbour grave doubts they will buy my regular weeks groceries down the road.

Too many kooks out there.
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