Silver is Crashing dramatically!

Silver down 3.5%, gold and oil down 2.5%, stocks down ~1%, bonds even down a bit. Nothing specific to silver here. It's just the most volatile because it's the smallest market.

This is entirely due to the FOMC hinting that they might not keep refilling the punchbowl even though it's painfully obvious they have no alternative.

I dropped 1/3 of a paycheck on some antelopes and 2013 kookaburras earlier today. Saving another 1/3 if we see 26. If it gets down to the low 20's I'll be loading the boat, otherwise staying incremental.

A true stacker has got to love these discounts.

 

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That is true.

But $30 is 2.912% less than $30.90.

(I was trying to poke a little humor into the situation)

 

30 is actually 97.087% of 30.9.

 

Is there a "Quintuple Like" button I can use for this one ? :thumb: :thumb: :thumb: :thumb: :thumb:

 

Has gone down a bit more.

Dunno if it has much to do with it, but the Bulgarian government has resigned.

 

That's not why.

THAT is why !

 

It's worth pondering why so many people live in such immense wealth and yet use phrases like "the illusion of prosperity".

We need more gratitude and less irrational fear.

The vast majority of people in The Wealthy West should be filled with gratitude. It helps.

 

You forgot to mention the 'Queen' stubbing her toe this morning too. Also, my knees hurt. Sure signs that silver will 'tank' even quicker.........

 

Right you are. I type faster than I think.

 

I generally agree. Yet there are more than enough negative indicators that suggest a large number of western wealthy are badly leveraged and require only an ill timed loss of cash flow before finding themselves filing for bankruptcy. I guess it's the 'hand to mouth' syndrome in-cahoots with apparent desire to live above means (rampant credit based consumerism). In the least...there is cause to worry. What's the worst that such concerns can do? It likely prevents a few more from falling in with the 'only now matters' seriously at risk crowd.

 

It's a buying opportunity. In my humble opinion.

 

Leverage was one of my favorite topics in business finance. I only wish I could remember all of it. :too-funny:

Leverage is good as long as business is good and you are growing. When you are highly leveraged, one extra percent of revenue can mean a ten percent increase in income. Who wouldn't want that, right? But, at that degree of leverage, a one percent drop in revenue equals a ten percent decrease in income. It doesn't take much of a drop in revenue to put a highly leveraged business or individual deep into the red...

 

OMGOMGOMGOMG!!!

I don't get why this price change is something to make such a big deal about.

 

Very helpful in arm wrestling too.

 

Silver price is bouncing back, as expected.

It's worth noting that many suppliers sold out of silver last week when the price dropped. Obviously, many people saw it as a great opportunity.

 

+1

 

Or they put a hold onto their inventory until price came back up.

 

Louis Winthorpe III: [approaching the New York Commodities Exchange] Think big, think positive, never show any sign of weakness. Always go for the throat. Buy low, sell high. Fear? That's the other guy's problem. Nothing you have ever experienced will prepare you for the absolute carnage you are about to witness. Super Bowl, World Series - they don't know what pressure is. In this building, it's either kill or be killed. You make no friends in the pits and you take no prisoners. One minute you're up half a million in soybeans and the next, boom, your kids don't go to college and they've repossessed your Bentley. Are you with me?


Billy Ray Valentine: Yeah, we got to kill the motherf... - we got to kill 'em!

:thumb:

 

silver is the perfect thing to invest in because i have a strong belief that since there 5 times more gold then silver and silver is used more in electronics and medically that i wouldnt b surprised if silver does a huge turn around and it spikes over 100 dollArs n ounce that is why its important to do it now because we are all gonna say wow i should of invested at 29 n ounce n now i could of made a boat load of money please reply with what your thoughts on silver compared to mine either agree or disagree

 

i hope silver dosen't go up above $30 before march so i can buy some.