Stocks Crater, And Gold Silver Follow Suit. What The...?

@punman, even the best of the best Wall St. traders cannot predict the absolute highs/lows, its nearly impossible. But a couple things you can do is.... 1) take profits by selling at predetermined intervals & 2) watch the chart for a Double Top. https://www.investopedia.com/terms/d/doubletop.asp

Stocks may loose up to half of their value from their peak, before buyers are forced to move back in.
When that happens, the COVID-19 will be a memory. Perhaps as much as a year long wait for that.
When both happen together, expect a powerful stock market recovery, over perhaps a three year period; that is what happened before.
Same for PM's.

------------------------------------------------------------------------------------------------------------------------------------------------

Remember, if you are in a crater, there are only upsides, no matter which way you look.
Everybody wants cash right now, just to survive.
Not Warren Buffett;
he got into cash some time ago, as he saw the market rising faster than the underlying value of the shares.
He was waiting for a trigger to set off a market correction. He got two: an oil price crash, and COVID-19.
He is now looking for good companies, with good future business prospects, with a good management team, and a solid income potential.
He is going to make a killing, over about 3 or 4 years.
Just like he did after 2008.
Again.

Perhaps 5% of your investments should be in artwork, PM's , or numismatics - whatever is your thing.
That leaves 95% of your investment resources, with which to take market advantage of.

Buy in gloom, sell in doom.

Right now I can buy gold- plenty of supply. What I cant buy is toilet paper and paper towels!!

Sold a significant amount of gold in late february
Why?
Cash deposit rates are near zero.

What happened to the cash I received?
Went into my daughter's mortgage.
$5,000 x 4% for 20 years = a profit of $4,000, with no tax to pay.
Plus the proportion of the difference between a rent payment and a mortgage payment, that a $5,000 lump sum can make.
That's how my father helped me, and I am following up on that (obligation? privilege?) to my daughter.

And gold drops a little bit. It's a good time to sell if you need the money. If you don't it's just another day.

I've been following metals since 1980 and have never seen anything like this.
Silver down $2 this morning.
Gold down $55.
It's a buying opportunity for those who still have cash, but are there any sellers? I know I wouldn't sell at these prices, especially since it's likely things will bounce back after the virus calms down.

But apparently the idea of the metals being a safe haven during a crisis is all BS. Glad I bought more ammo.

I have logged back into CCF after being inactive for years to try to get insight on the silver situation. I have sat on my stockpile for years with no real attachment to it besides the possible potential of actually profiting from it after experiencing a recession like when prices skyrocketing in the early 2010's. So it is frustrating to see the PM prices just plummet, but on the other hand I guess there's nothing I can do besides just keep having it locked up like I have been doing. I don't really want to buy more because it hasn't been worthwhile for me so far, but maybe the surge will come later after the markets calm down and people are looking to securely invest again.

In a perfect world I was hoping PMs go way up, stocks go way down. I liquidate and buy into the market at a sale. I'll keep waiting I guess.