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 Replies: 13 / Views: 1,385 |
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Pillar of the Community
United States
3670 Posts |
Lets break this down, silver has been hangin around $37.50 to $41 an oz. for sometime now, showing some stability at times, especially with this recent market fall.... Yeah the Dow picked up like 400 more points today, but who's to say it does not take another nose dive or two before the week ends, it could happen, lol.... The big players know we all (the small guys) EXPECT it to take off now and it is lagging behind, so the shaky or impatience sells. But what if it acting like it is gonna pass 40 again is all planned, before loosing three dollars, and it repeats the cycle again. The powers to be are saying...."Sell that paper silver, get out now before the volatility kicks in again!", then it drops back to $37.50, and then crawls back to $40 again.... "You see a 2nd chance you still have time to get out", they are trying to whisper into your subconscious. Another words, every-time it gets back to forty, they know some shaky hands are like.... "The heck with it, lets get out while we still can make a little something!", or break even perhaps for those that got in way late.... I think a handful of the big player banks an silver manipulators want to free up as much silver stock as they can an purchase themselves while it is still relatively cheap, before it takes off.... Don't let them get into your subconscious, an remember what does any sound investor say...."You don't sell, you have not LOST anything!", unless your 96 and need to cash in and enjoy what time you have left, rof  .... Edited by Silverhawk74
08/10/2011 01:16 am
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Pillar of the Community
 United States
3670 Posts |
And if you don't think the Fed reserve did not have an Ace an more Aces up their sleeve to stop this Market fall, you are wrong, as they simply released the report that interest rates will remain low in this next 24 month "fragile time", as I believe it was worded....
If that is not manipulation, I don't know what is. They can drum up any ol report an make sure the powers to be signs off (have some paper money, we got more where that came from, we got the printers in fact) in their favor...."Hey unemployment fell another 1% this past month, and new jobs are being created, hooray! An boom, the market goes back up when they need it to....
Edited by Silverhawk74
08/10/2011 02:09 am
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Pillar of the Community
United States
1150 Posts |
I agree with most of what you said.
My thought is, fine, keep interest rates low and don't cut more spending and don't decrease the debt. Moody's just confirmed our 'negative' credit rating outlook. S&P says that if we do not fix ourselves in 6 to 24 months than they will cut our rating to AA.
The absolute refusal by the federal government to rectify the situation is simply astonishing. Not only that, it is treasonous.
But hell, thats ok. I'll just keep making money off of PMs since they are making it way too difficult (sarcasm).
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Pillar of the Community
United States
3670 Posts |
"The absolute refusal by the federal government to rectify the situation is simply astonishing. Not only that, it is treasonous"
Agreed 100%. An words like astonishing an treasonous could not have been better picked for that statement, well said. I think it is also some serious American audacity, for Obama an the feds to turn this on S&P an toss out terms like "incompetence"! Yeah, we know they understand the fundamentals of that word eh.I think tossing out the double AA was more than fair and being gracious, as most here would probably agree....
Edited by Silverhawk74
08/10/2011 03:40 am
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Pillar of the Community
United States
1026 Posts |
Well right now I WOULD give America an FF rating myself.
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Pillar of the Community
United States
3294 Posts |
At least they didn't bounce my tax refund check.
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Pillar of the Community
United States
830 Posts |
The markets always seem to do what ever is necessary to fool the greatest number of people. That's why contrarian investing pays off (sometimes).  Edited by GoThunder
08/10/2011 10:26 am
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Pillar of the Community
United States
3670 Posts |
"Yeah the Dow picked up like 400 more points today, but who's to say it does not take another nose dive or two before the week ends, it could happen, lol...."
Well, that prediction hs been spot on for a change. I would suggest getting out of paper investments, minus G an S, and go more into the phyisical stuff....
Any thoughts on that, as the market appeared to take it on the chin here in mid week once again....
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Pillar of the Community
United States
4008 Posts |
Quote:
The markets always seem to do what ever is necessary to fool the greatest number of people. That's why contrarian investing pays off (sometimes). Indeed it does. Will Danoff and his Fidelity Contra Fund have made LOTS of money for LOTS of clients. It was about 30% of my 401K at one time. |
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Pillar of the Community
United States
830 Posts |
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and go more into the physical stuff.... I did that today. |
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Valued Member
United States
117 Posts |
"At least they didn't bounce my tax refund check."
I laughed to my self. That would be a sad day when that happens. Next year?
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Pillar of the Community
United States
830 Posts |
Quote:
Will Danoff and his Fidelity Contra Fund have made LOTS of money for LOTS of clients. It was about 30% of my 401K at one time. I guess there probably are a lot of contrarian investors here. Maybe something to think about when looking at all the opinions. I know when I started investing in gold around 2001-2002 it wasn't too popular. Edited by GoThunder
08/11/2011 07:34 am
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Pillar of the Community
United States
2661 Posts |
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I know when I started investing in gold around 2001-2002 it wasn't too popular. Yeap, I was called stupid and foolish among other things when I was buying gold, silver and mining stocks 10 years ago. I was frowned upon for buying shares of companies like Freeport Copper & Gold Inc. (FCX) at $3-$6. and and so called "junk" silver coins for a few cents above face. At an auction back in 2007 I was called stupid by a man for buying 32 common date Peace and Morgans for $8 each + 10% BP, I sure miss those days. He was mad because I out bid him. last time I saw him he was snatching them up for $50+ without batting an eye. But who is is laughing now? ME! |
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Pillar of the Community
United States
4008 Posts |
Quote:
I know when I started investing in gold around 2001-2002 it wasn't too popular. No, it wasn't, which is exactly why it was so cheap back then. Quote:
Yeap, I was called stupid and foolish among other things when I was buying gold, silver and mining stocks 10 years ago. Those turned out to be great investments, all right, but then, so did any number of stocks not related to PMs or mining. I once bought Apple Computer for $14 a share. Like a lot of cheap things, it was cheap because very few buyers wanted to own it. Those shares have done OK. |
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Replies: 13 / Views: 1,385 |
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Posted 08/10/2011 02:38 am
