Why the big drop in silver prices?
PerryHall
Posts: 46,140 ✭✭✭✭✭
Down 69 cents as I type this. Did I miss something?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
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Comments
Maybe that unknown comic poster made a big purchase ?
<< <i>Maybe that unknown comic poster made a big purchase ?
Don't you mean a major sell-off? Usually a big purchase results in a price increase. In any event this may be a good buying opportunity.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Humor aside , I have a toolbar in my browser and every metal is down today gold , silver, platinum, palladium, copper, nickel, aluminum, zinc, and lead are all in the red
Money supply slowdown is temporary. All those dollars overseas that are being slowly removed from international trading by non-US trading partners will be coming home to roost.
"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
<< <i>Down 69 cents as I type this. Did I miss something? >>
The last time I sold silver, hmm - to someone in this discussion - it then went up dramatically!
Liberty: Parent of Science & Industry
<< <i>Ha! Quite clever, Baley!...
Riddle me this.... If this is truly a "free and fair market", how could Harvey, as a rule, be correct on his calls?... >>
As the saying goes: "Even a broken clock tells the correct time twice a day."....We shall see if the rest of his hypothesis comes to fruition. As I type this, silver and the other PM's have regained some of their losses.
<< <i>Ha! Quite clever, Baley!...
Riddle me this.... If this is truly a "free and fair market", how could Harvey, as a rule, be correct on his calls?... >>
So you're saying that Harvey has intimate knowledge of the "unwritten rules"? If the market is not free, but Harvey knows whats going to happen, then perhaps he should be investigated for insider trading.
Knowledge is the enemy of fear
If the market was not "free and fair" then I would expect it to be quite unpredictable.
Since it appears some idiots (even some who write about charts on this board)
Knowledge is the enemy of fear
I would guess anyone could do that over an extended period of time...
Harvey = Horoscope ...
<< <i>My answer? "No".
Harvey was able to predict this morning's price movement last night because he understands not only that these markets are "managed", but also how this is done. That knowledge enables him to look at the pertinent factors and predict what the next move will be.... >>
If Harvey has this " knowledge ", then anyone can gain this " knowledge ", therefore the "rules of the game" are known and a free and fair market can be and is established. Whether one chooses to participate or does not agree with the rules is an individual decision but has nothing to do with the legitimacy of the market.
Knowledge is the enemy of fear
<< <i>
<< <i>My answer? "No".
Harvey was able to predict this morning's price movement last night because he understands not only that these markets are "managed", but also how this is done. That knowledge enables him to look at the pertinent factors and predict what the next move will be.... >>
If Harvey has this " knowledge ", then anyone can gain this " knowledge ", therefore the "rules of the game" are known and a free and fair market can be and is established. Whether one chooses to participate or does not agree with the rules is an individual decision but has nothing to do with the legitimacy of the market. >>
Yup, great answer. Theoretically, ANYONE can become a Wall Street banker, or a neurosurgeon, or a US Senator, or a PM baron, if they do the right things with their time.
In this country, lots of folks spend most of their "me" time with their families and/or consuming popular entertainment (sports, the arts, etc) rather than working.
some small but growing minority prefer to spend their leisure time complaining about the rotten bankers, doctors, and the government
Liberty: Parent of Science & Industry
<< <i>If the market was "free and fair", then I would expect it to be predictable. If the market was not "free and fair" then I would expect it to be quite unpredictable. >>
Actually, I find that those keeping the market from being free and fair are much more predictable than the emotions of free market players. Listen to what not the FED says, pay attention to what it does.
"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
<< <i>
<< <i>Maybe that unknown comic poster made a big purchase ?
Don't you mean a major sell-off? Usually a big purchase results in a price increase. In any event this may be a good buying opportunity. >>
No I didn't sell any . It only goes DOWN after I buy it . It goes UP after I sell it.
<< <i>
<< <i>
<< <i>Maybe that unknown comic poster made a big purchase ?
Don't you mean a major sell-off? Usually a big purchase results in a price increase. In any event this may be a good buying opportunity. >>
No I didn't sell any . It only goes DOWN after I buy it . It goes UP after I sell it. >>
I take it you were a fan of the gong show
Do you remember another show from the same time, "the dollar ninety eight beauty show?"