Is anyone in this forum watching the POG and POS?

[BeHereNow]

At market closing:
POG-1737.30
POS-33.99

BHN

[SheilaT]

1. What are POG and POS?

Can't think of anything for the first, but for the second I can only come up with Piece of Shit or Point of Sale, and I seriously doubt you mean either of those.

[BeHereNow]

2. Price of Gold- Price of Silver

Many people transferred monetary assets to metals.
I am one of those people, so I watch the POG and POS closely.
So far, I am so happy that I took a percentage of our assets and
protected them in metals.
We made the move about ten years ago, so we have done well.
Just wish we would have transferred more!
BHN

[Fuddnik]

29. Piece Of Shit?

[rhett o rick]

3. What's your point? nm

[BeHereNow]

4. Well, since this is the "Economy" forum, I assume there are other people here

that follow the metal market.
Maybe not?
BHN

[rhett o rick]

6. I follow the metals market. The prices are going up.

It doesnt mean anything to me. The prices go up and they go down. They are currently lower than they were last year.

Do you think the price increase means something specific?

[BeHereNow]

5. The move in silver is particularly of interest.

It has been stagnant for a considerable period of time after
a swooshing rise some months ago-
I am interested to hear others thought on the move.
I figured this forum was the place to discuss it.
BHN

[rhett o rick]

7. I recommend you sell. Just sayin. nm

[BeHereNow]

8. Nah... I'm holding.

My rule is if the price dips to double what I paid, I'll sell.
So far, they haven't even come close to that.
Why do you recommend selling?
BHN

[rhett o rick]

10. Because I am buying. nm

[BeHereNow]

12. Figures...LOL. n/t

bhn

[rhett o rick]

13. jk

[BeHereNow]

15. What does "jk" mean- not familiar with that one...n/t

bhn

[rhett o rick]

16. just kidding

[BeHereNow]

19. Ah... I see. Well kidding aside-

If silver dips, I hope you DO buy!
BHN

[Mojorabbit]

9. I hold some metals also

I too am interested in why silver is starting to rebound

[dixiegrrrrl]

14. This IS the place and I am glad you posted.

I am following silver more closely than gold, actually, because of all the claims that JP Morgan is trying to control the prices.
And I am hearing quite a few non-mainstream pundits all pointing to much higher gold prices in the very near future.

Pls. continue, if you will, to post about current prices and information.

[BeHereNow]

17. One of the analysts I follow says dip coming then a rise that lasts into December

We live in VERY interesting times.
Don't know if you were here many years ago,
but there was a great guy who posted as "JUNKER"
He was eventually banned, unfortunately, because he just
didn't know how to avoid the "bait."
Do a search and see if you can find any of his posts
in the OLD economic forum.
Prophetic stuff...
He was one of the reasons I got into metals.
SOOOOOOOO glad I did!
BHN

[BeHereNow]

20. Found one of my posts from 2005 about Junker-

There are many Junker threads in the archives- I highly recommend them.
I still think about him, all these years later-
I hope he is well.
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=114x3039#3433
BHN
Junker, if you still read here.

[dixiegrrrrl]

25. ya know, reading that thread, writtten in '08, is very fascinating.

Much of the stuff has come to pass, and many of the factors mentioned ( Iran selling oil in Euros, problems inherent with T-bill sales and the dollar, etc) are exactly what is happening now.

[Tansy_Gold]

11. Au and Ag markets are posted on the daily SMW front page

Refresh and you should get current prices.

[BeHereNow]

18. What is the SMW page?

Don't know what that is-
I use the Kitco live market page to follow the PMs.
Wish to hell I'd had some cash when Palladium was 200.
sigh...
BHN

[CatholicEdHead]

21. Stock Market Watch page

Look on the list, there is a daily thread on it.

[BeHereNow]

23. Cool...thanks CEH! n/t

bhn

[Tansy_Gold]

22. Be glad you have spare cash at all.

Many don't, you know.

[BeHereNow]

24. Well it's not like I have spare cash at the moment...

Pretty much watching every dime right now, but
feeling somewhat secure because of the metal I bought
years ago.
Don't want to touch it because we consider it our safety net.
But it is good to know it is there in case of an total meltdown.
BHN

[Tansy_Gold]

26. Many don't have a safety net.

Just sayin'.

Whatever you have saved/invested is "spare" cash. If it's not going to pay for daily living, it's "spare."

As I said, be glad you have it. Many don't.

[Ruby the Liberal]

27. Here is a great link for those who follow metal commodities

http://www.kitco.com/market/

[BeHereNow]

28. Yup that is the one I have on "open automatically" on my 'puter

Lots of great posters on Kitco- lots of dumb asses too-
Sort of like, well, you know.
BHN

[Fuddnik]

30. I watch that like I watch the weather.

Nothing I can do about either one.

[banned from Kos]

31. Gold is in a bubble -- however the Fed just put some more air into it

by saying the Fed Funds rate is likely to remain unchanged until 2014.


therefore this bubble may have some legs to it.

Other commodities have normalized (crude oil, coal, copper).

Overlay the charts - the bubble will become obvious.