I ain't worried about a recession, I've lived through quite of few of them....we survived those, we'd survive one now.....I'm worried about something a tad bit worse....this one just doesn't feel like a recession.
I've noticed that there seems to be more big collections of gold and silver up for auctions on ebay....kind of gives me the impression that at least some seem to think that these commodities have reached their peak. they might be right, who knows. they might have been just forced to sell to cover their losses in the other markets.
I'm watching the stock market now with interest. how low will it all go? barring a total collaspe of the economy, I think there will (probably are now), some pretty good buys in there amongst the disasters. who knows maybe I'll jump in and play a little when I think it's hit it's bottom. I still have an IRA option at work that I haven't put to use. Didn't want to waste mine or my boss's money when I knew the stock's values were all overly inflated.

[edit on 16-3-2008 by dawnstar]

Commodities bull markets "peak" in a frenzied blow-off characterized by runaway gaps. The 1980 Gold chart (Jan) is the textbook example of a terminal super-spike...they're dramatic , violent, quick...we're not there.

A rate cut on Tuesday will be Gold positive, but I wouldn't get sucked-in here. I'd wait for the next decent pull-back. FWIW, I have a near-term price objective around 1,100 - 1,150, followed by a 16% correction.

I think ebay can be a good place to sell precious metals...expensive place to buy them. Occasionally I check pricing/availability for 1oz BU Gold Eagles, 100oz JM Silver, and 1oz Sunshine Mint Silver rounds...I think these items are a pretty good tell. The recent wave of ebay activity was millennium-itus. I notice that availability for the items I watch, particularly 1oz BU Eagles has thinned-out a bit. Folks are paying as much as $60 over spot for those puppies (including shipping) means more buyers than sellers. A good coin shop should offer a spread closer to $30.