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 Replies: 70 / Views: 5,358 |
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New Member
32 Posts |
I tried to warn people that eventually the wealthy would start to sell those million ounces they were holding and be laughing at the fools who let silver go to $42 and gave them huge profits selling at $40. Silver is down $2.64 and currently $39.65. People are buying thinking they are getting a deal while the rich are unloading gold and silver and cleaning up today.
That magical $50 that everyone thought was coming likely won't as gold and silver are on a selling streak with little to no buying today.
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Valued Member
United States
315 Posts |
One 5% down day in the silver market means little to nothing. It is a very volatile market. You may make a few dollars off that short position, maybe.
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Pillar of the Community
United States
3294 Posts |
Agreed. I would not call the bubble burst until it is heading deep into the $20s.
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Rest in Peace
United States
9104 Posts |
Term limits strike me like bozo buttons on forums. The solution already exists, we don't need a new rule, regulation, or law.
Don't like what bozo has to say? Skip his posts.
Don't like career politicians? Never re-elect anyone.
We don't need a new law to do what we're already 100% able to do this instant.
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Valued Member
United States
228 Posts |
Poor Joe:
Silver is just beginning its many legs up to over $100 an ounce...
The fundamentals haven't changed, the political realities haven't changed, and neither (apparently) have those who just can't see it for what it is...
Ten years from now, the talk will be - how could I have missed the greatest bull market of the 21st century...
Yes, (in case you haven't figured it out), that is Silver! So funny...
PS:(I hope it goes to $20 an ounce), I'll be buying all the way!
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Pillar of the Community
United States
3670 Posts |
Noooooooooo back from the the deep dark depths of the bridge in the woods, its....
Shoeless Joe, say it aint so!
That is it, I am putting my silver up for sale on Craiglsist right now for 5 bucks an oz. so I can get what I can get an not have to use it for fishing sinkers....
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Pillar of the Community
 United States
667 Posts |
Joe my friend my buddy the great wise one. You lost already you said it would never reach $41, it did. In fact it went over and tons of small time speculators had the opportunity to make some nice money. Now you can not have the opportunity to give a new high at $50. When your guaranteed pricing ceiling is broken you kind of gave very bad information.  I appreciate your opinion and making the iron clad guarantee it would never reach $41 was a gutsy call on your part. I felt bad for you when it broke over that price point. So you have to take the lumps when your wrong, I would that is why I don't make 100% predictions. Once your wrong then everything else you predict is well not very well followed. Nothing wrong with going out on that limb but you also have to admit when your wrong. Now will I ever see $20 silver? Perhaps I will one day, I'm not a fool to say I will not. Will I see $50 -$60- -$100? I don't know but if I was going to play a sure bet I wouldn't be speculating. I can only related the the person who told me silver would never ever see $10 because the rich will buy - sell make tons of money and the small guy will be out in the cold. I'm glad I didn't buy the story. But it is sure nice to see you come back after your big mistake. Edited by mkfarm
08/24/2011 6:26 pm
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Valued Member
United States
315 Posts |
I will chase the falling knife as far as it falls. 5000 years it has never been worth ZERO. My time horizons are great than 1 day, 1 year, 10 years, 20 years, 30 years, 40 years or even more.
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Pillar of the Community
United States
2049 Posts |
Quote:
I tried to warn people that eventually the wealthy would start to sell those million ounces they were holding and be laughing at the fools who let silver go to $42 and gave them huge profits selling at $40. Silver is down $2.64 and currently $39.65. People are buying thinking they are getting a deal while the rich are unloading gold and silver and cleaning up today.
That magical $50 that everyone thought was coming likely won't as gold and silver are on a selling streak with little to no buying today You also said it would be 20 years for silver to hit $42 again didn't you? Now you are changing your prediction to $50? So what happens when silver hits $50? Lol... |
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Pillar of the Community
United States
3670 Posts |
Everyone is entitled to their opinion, even the folks that believe the Holocaust never happened or a lunar landing....
But lets keep in mind Joe has 17 post, all of which were pointed towards thrashing silver, an any fool dumb enough to invest in it....
That would be like me going to an under water basket weaving board, and thrashing everyone there for their passion, even though I have not invested more than 2 seconds of my life to learning one thing about under water basket weaving. And I find it insulting, lock it up or not....
I say get a life and loose the negative Nancy, the glass is half empty attitude as it will serve you well in what time you have on this planet, instead of acting like the old crazy person spying on everyone out their window in the neighborhood, spreading lies an gossip as they have no life of their own....
Edited by Silverhawk74
08/24/2011 6:40 pm
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Valued Member
United States
458 Posts |
I laughed at loud at Joe's post.
No disrespect intended. :)
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Pillar of the Community
United States
2734 Posts |
Quote:
joe316: That magical $50 that everyone thought was coming likely won't... For a little while. (now's the time to stock up!)  Joe316 is of course right about some wealthy investors' profit-taking contributing to the correction we're experiencing at the moment (which could be over by tomorrow!). The problem with Joe's point of view about silver is that he only comments about its short-term volatility. To him, if silver is $42 one day and $39 two days later, it's a "bad investment" (even if gets back to $43 the next week). Joe is taking a "day trader" mentality to PM investing, as if short-term flipping was the only way to make a profit. Most of the people on this board are more like me. People who've held PM's for years. Silver was under $8/oz. for the entire decade of the 1990's. Meaning that if I were to cash in all the silver I acquired in that decade, I'd get a nice "return", whether spot was $39 or $43. Joe316 should be asking himself why people like me didn't cash out last April at $49/oz. The answer is: People like me are in it for the long haul. We consider silver profits in terms of years and decades, not days and weeks.  Edited by DNA
08/24/2011 8:14 pm
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Pillar of the Community
United States
4541 Posts |
They are making money for sure. But One day people are going to be buying Paper silver and realize the physical is gone. and the ones holding the physical are going to be lauging all the way to the bank
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Pillar of the Community
United States
2189 Posts |
Joe What is your definition of Rich or wealthy? Is it the guy that makes thirty thousand a year,one hundred thousand,half a million or more? What does it matter? why do you unload on the Rich or wealthy like there bad evil people for making money.This is how capitalism works.It's quit obvious which political party you follow.
Sorry guys I just wanted to play kick the can too
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Pillar of the Community
United States
931 Posts |
joe, is it really you? You don't own any silver or gold, which means you are on paTROLL. Go on back to the Vintage Barbie Forum where you actually have some time and money invested.
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Replies: 70 / Views: 5,358 |
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Posted 08/24/2011 3:03 pm
