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 Replies: 2,878 / Views: 94,761 |
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Bedrock of the Community
United States
11928 Posts |
Silver cratering to $82.50 on Wednesday evening.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11928 Posts |
...and sinking fast... $80.xx now
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
 United States
5889 Posts |
I'm seeing it at $76 now. What the heck just happened?
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Bedrock of the Community
United States
11928 Posts |
now $78 losing $80 very quickly.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.comEdited by numismatic student
02/04/2026 9:57 pm
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Bedrock of the Community
United States
11928 Posts |
now $75 IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
 United States
10601 Posts |
Quote:
What the heck just happened? All metals down - sure didn't see that coming........ |
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Pillar of the Community
 United States
5202 Posts |
First thing in the morning I will dump half my IAU position. I will buy back when I hear the talking heads proclaim that "the precious metals bull market is over".  Quote:
All metals down - sure didn't see that coming........ I still think there is a possibility of a 2007-2009 style melt down around the corner. I just looked at Florida housing market data and it looks EXACTLY like 2007. Edited by NumisEd
02/04/2026 10:07 pm
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Bedrock of the Community
United States
11928 Posts |
downslide...  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
5202 Posts |
Quote:
Bitcoin price meltdown leaves these public pensions down 60% on Strategy bets Quote:
The 11 funds collectively hold nearly 1.8 million shares of Strategy, now worth about $240 million, down from $577 million when they first reported their allocations. https://finance.yahoo.com/news/bitc...5044402.htmlWhat lunatic pension fund administrator bets on Bitcoin? "Betting" has no place in retirement funds! So yeah, this smells to me like a deflationary bust coming... Edited by NumisEd
02/04/2026 10:16 pm
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Bedrock of the Community
United States
10601 Posts |
Looks like gold and silver is creeping back up -- $4920 and $80
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Pillar of the Community
United States
1146 Posts |
Now to wait for the regular market to open and see what happens. Could be dynamite or could be a nothing burger cause someone or something somewhere got spooked about something else.  Someone sure as heck knows what happened last night, what's gonna happen today and what's coming next. And that person sure ain't us right now. Who knows maybe in 5 or 8 years we'll be reading about what all was really behind the madness. But I digress. Right now though, the Nasdaq and S&P have been selling off since 6am, and I haven't seen any headlines yet. Just know that when the house of cards falls it usually takes down everything else around it. |
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Pillar of the Community
United States
1146 Posts |
Just a little more perspective; Right now the Nasdaq has fallen through an upward rising trendline that's been in place since exactly the first week of 2023, that was the last market bottom..
The last time it fell through that floor was in March of 2025 when the market crashed, fueled by tariff fears I think or whatever, but that selloff lasted 6 weeks before bouncing. And then it took another 10 weeks to recover and get back above support.
Edited by Harry213
02/05/2026 10:34 am
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Moderator
United States
190962 Posts |
I just love these sleep and you miss it moves.  Switching back to my 70s soundtrack...  |
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Pillar of the Community
United States
5889 Posts |
70s soundtrack, did you say? Here's the one I think we need right now: Quote:
Whether you're a brother or whether you're a mother
You're stayin' alive, stayin' alive
Feel the city breakin' and everybody shakin'
And we're stayin' alive, stayin' alive
Ah, ha, ha, ha, stayin' alive, stayin' alive
Ah, ha, ha, ha, stayin' alive. |
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Pillar of the Community
United States
1146 Posts |
Quote:
Switching back to my 70s soundtrack... my 70's playlist already loaded and playing  The only positions that are up today in my gambling portfolio; Nasdaq short (401k insurance) S&P short (401k insurance) Tesla short (just for fun because it's overvalued  ) Consumer Staples ETF (one of the only thing that does well in recessions) The last one especially is a big "tell" about the market psychology right at this moment. |
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Posted 02/04/2026 9:52 pm
