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DOW(N) 400+

pmcollectourpmcollectour Posts: 1,211 ✭
in Precious Metals
As of 3:40pm eastern the DOW is down 400+, or almost 4%.

Silver is down 7.21%
Platinum is down 3.20%
Palladium is down 5.92%

and

Gold is down 0.58%


However, I guess we can all be thankful we're not major stockholders in this company. With my apologies to anyone who is.

Ouch

Comments

  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    I thought it was Happy Days?
    Gutment got their increase, more debt to add to the pile, what gives?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • pmcollectourpmcollectour Posts: 1,211 ✭


    << <i>I thought it was Happy Days?
    >>




    image
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    Speculation that drop is being forced to justify an early release of QE3.0

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    Which way to the soup line?
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    Have they ever shut down the exchange due to losses?
    Is there a limit for the loss column before they cut the power?
    Thought I read somewhere 700.

    EDIT: Here we are talking about the Dow, when there are
    people who'll split a grain of rice for dinner tonight.
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>Have they ever shut down the exchange due to losses?
    Is there a limit for the loss column before they cut the power?
    Thought I read somewhere 700. >>


    Yes, circuit breakers in place

    image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    how about down 500+

    "Black Friday" tomorrow?...and I wish I was kidding...but I have no clue one way or the other...impossible to accurately predict herd mentality behavior.
  • fishcookerfishcooker Posts: 3,446 ✭✭
    Black Friday? Nah. I noticed the market's whooping 10 min after close, so I didn't get in. That insures it will be up 500 tomorrow.
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    How about a 1,000 points since July 19 and 1,400 since the 7th of July. It feels like there's more to come.
  • morgansforevermorgansforever Posts: 8,461 ✭✭✭✭✭
    Shanghai Composite opens in 4.5 hours, and Nikkei opens in 3.
    Will they receive a whollop too?
    World coins FSHO Hundreds of successful BST transactions U.S. coins FSHO
  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    It's been a couple of years since they announced that the
    reccession was over, since then housing prices have droped
    PM's have gone through the roof, unemployment has risen,
    the dollar has fallen, but when we were told the reccession
    ended, they forgot to tell us the depression is just starting.

    Steve
    Promote the Hobby
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    gosh, every business in America is suddenly worth quite a bit less than it was a few hours ago.

    Liberty: Parent of Science & Industry

  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    Wouldn't it be nice if we could immediately return defective elected leaders, like we do when receiving defective merchandise from the store.
  • johnny9434johnny9434 Posts: 28,307 ✭✭✭✭✭
    wait till the jobs report comes out tommorow. i do hope this does end well ( someyear )
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Dow to gold ratio at 6.88 or about the same level seen during the March 2009 Dow bottom.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>Dow to gold ratio at 6.88 or about the same level seen during the March 2009 Dow bottom.

    roadrunner >>



    Still a ways to go yet.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    Buy it when it's low, hold it untill it goes up, then sell it.
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    gosh, every business in America is suddenly worth quite a bit less than it was a few hours ago

    and if the stock market "lost" billions of dollars today, where did that money "go"? was it "destroyed"? Like, with "keystrokes" image

    Liberty: Parent of Science & Industry

  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭
    But, since only last October (2010)....

    Silver UP+++ over 100%!!

    DJIA basically EVEN...up 0%.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • JulioJulio Posts: 2,501 ✭
    I was wondering where all the money went.

    Large investors have moved so much money into cash accounts at Bank of New York that on Thursday the bank said it would begin charging some clients a 0.13 percent fee to hold their cash.
    From an article I noticed; Yahoo Finance.

    image
  • vannvann Posts: 318
    Might be a good time to move into firepower, at least that hasn't come down in value.
  • stevekstevek Posts: 28,966 ✭✭✭✭✭
    Well, maybe not a Black Friday..."yet"...but certainly a Gray Friday for sure....Dow down 181 as of this post.
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    Helter Skelterimage
    Avid collector of GSA's.
  • mhammermanmhammerman Posts: 3,769 ✭✭✭
    Thanks!

    You may be a lover but you ain't no dancer.
  • stevekstevek Posts: 28,966 ✭✭✭✭✭


    << <i>Well, maybe not a Black Friday..."yet"...but certainly a Gray Friday for sure....Dow down 181 as of this post. >>



    This idiot's post brought out a nice rally.

    image
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