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Silver....

jclovescoinsjclovescoins Posts: 1,914 ✭✭✭✭✭

...seems it may give up all of its recent gains in one day...down $3/oz just in an hour after market open...already was down $3/oz from the high...yikes!!

Comments

  • MeltdownMeltdown Posts: 8,823 ✭✭✭✭✭

    Quite the percentage smackdown, wow.

  • derrybderryb Posts: 36,941 ✭✭✭✭✭
    edited September 21, 2020 7:07AM

    Economy must have been fixed. :o

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    The implications are clear. They will juice the stock market like nobody's business. Pick your poison - I'll stay with PMs.

    Mannarino is talking about major criminal activity by the megabanks internationally - that MIGHT result in consequences.

    The election process and the Supreme Court nomination process will undoubtedly cause uncertainty & volatility in all markets.

    Federal funds are apparently going to be withheld from Seattle, Portland and NYC until they decide to protect their own citizens.

    Still more unemployed every week and the effects of the economic shutdown are STILL not fully felt.

    We live in interesting times. Got potatoes?

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • MsMorrisineMsMorrisine Posts: 33,239 ✭✭✭✭✭

    an increase in covid cases must mean no more debt issuance for stimulus money

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jclovescoinsjclovescoins Posts: 1,914 ✭✭✭✭✭

    Just holding currently...not adding or selling. Might be adding soon though. Should only be going up based on current and anticipated future events.

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    Buying or selling in this market should be done only as part of an overall strategy and NOT as a result of the markets being jerked around in all directions. Follow your own money management plan and you will be just fine.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • derrybderryb Posts: 36,941 ✭✭✭✭✭

    buy Mortimer, buy> @jmski52 said:

    Mannarino is talking about major criminal activity by the megabanks internationally - that MIGHT result in consequences.

    If he's talking about the recent illegal release of Suspicious Activity Reports the corrupt banks have an out: they filed the required paperwork to report their suspicion of money laundering. It's up to the Justice Department to prosecute the money launderers and/or advise the banks to cut their relationship with the bad guys. The SARs reporting systems gives the banks a pass.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Markets way down, PM's crashing.... where the heck is all the money going?? Cheers, RickO

  • derrybderryb Posts: 36,941 ✭✭✭✭✭
    edited September 21, 2020 8:21AM

    into dollars, won't hold. dollars will be looking for their next parking place.

    The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong

  • skier07skier07 Posts: 3,991 ✭✭✭✭✭

    With the death of RBG and increased chaos its no big surprise the stock and precious metals markets are getting clobbered.

  • BaleyBaley Posts: 22,661 ✭✭✭✭✭

    In times of uncertainty, there's a general flight to safety from risky assets. Diversified portfolios tend to be more stable during these periods, concentrated positions are great in strong markets, scary during sudden changes to negative market sentiment. When the music stops and the lights come up, find a chair and chill.

    Liberty: Parent of Science & Industry

  • dpooledpoole Posts: 5,940 ✭✭✭✭✭

    I agree this is a flight into dollars. The volatility of asset prices will continue. Hang on.

  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    @ricko said:
    Markets way down, PM's crashing.... where the heck is all the money going?? Cheers, RickO

    Stock market short covering "Stock market" if you can't sell what you want, sell what you have"

    Swings are going to get bigger. the above is based on opinion and not to be taken as a recommendation to buy or sell a security, option, ETF or cache of coins.

  • johnny9434johnny9434 Posts: 28,416 ✭✭✭✭✭

    prices not good 🤮

  • blitzdudeblitzdude Posts: 5,959 ✭✭✭✭✭

    Looks like Daddy is still in control, no implosion on the Comex, just in the physical market. lol

    The whole worlds off its rocker, buy Gold™.
    BOOMIN!™

  • jdimmickjdimmick Posts: 9,691 ✭✭✭✭✭

    All the folks that came in the past three weeks buying silver like no tomorrow, called today wanting to know what is going on?

    said, i told you cant go up forever. profit taking and swings are the norm.

    Couple of panic sellers today, made the day profitable

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    I've been agonizing about whether or not to buy some more silver for the past 6 months now. I've still been buying in trickle amounts.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • BaleyBaley Posts: 22,661 ✭✭✭✭✭

    @jmski52 said:
    I've been agonizing about whether or not to buy some more silver for the past 6 months now. I've still been buying in trickle amounts.

    I'm sorry to hear of your misfortune.
    I wish folks could do less agonizing and more enjoying.
    Best wishes in your decisions!

    Liberty: Parent of Science & Industry

  • jmski52jmski52 Posts: 22,899 ✭✭✭✭✭

    I'm sorry to hear of your misfortune.
    I wish folks could do less agonizing and more enjoying.

    It's okay, Baley. I'm capable of agonizing over a decision while simultaneously enjoying the fruits of my agonizing.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • SoldiSoldi Posts: 2,177 ✭✭✭✭✭

    As my Brother would say _We're all gonna die !******

  • mbogomanmbogoman Posts: 5,186 ✭✭✭✭✭

    @jmski52 said:
    I'm sorry to hear of your misfortune.
    I wish folks could do less agonizing and more enjoying.

    It's okay, Baley. I'm capable of agonizing over a decision while simultaneously enjoying the fruits of my agonizing.

    That sounds like a quote from a Klingon commander! Oh, how I could have used a Klingon agonizer at times in my former career!!!

  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • meluaufeetmeluaufeet Posts: 764 ✭✭✭

    Happy to buy back what I sold last week.

  • jclovescoinsjclovescoins Posts: 1,914 ✭✭✭✭✭

    crazy crazy...price just keeps dropping...

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