Silver prices to the moon!!

Ok fair enough, I did not understand what you meant by mal-investment, and you have explained why YOU do not like loose money policies, but you have done nothing to answer my question. Why is this time different???? Our economy has been down this road before.....

YMMV = Your mileage may vary

 

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Only if you don't learn from the past..........

 

Longnine, I deleted your post. If you can't find a way to discuss within the rule of language, please do not post. You KNOW the rules!!!!

 

Party pooper...........

 

Mike it's different because past recessions liquidated malinvestments. Gee, I think that's all can say.

 

Also Mike, the loose money you refer to is the money used to purchase these so-called assets. Most of it goes either to US Treasuries or wallstreet. That's what's been greasing the stock market and why they flip out when there is talk of QE easing.

 

you almost killed the stock market by saying QE and placing "easing" next to it! please stop trying to kill this bull run in stocks

 

No worries Alex, while I'll admit the ride will be bumpy, QE easing will not kill this bull. It will however put more downward pressure on PM's

 

What about margin calls Mike?
http://www.zerohedge.com/news/2013-...new-record-investor-net-worth-hits-record-low

 

Margin calls are a problem and as I said. BUMPY ride, but I believe the bull will live. Thats my story and I'm stickin' to it. If I am wrong, I will be the first to admit it.

Mike

 

Gold at $1195/oz. and the holiday shopping season isn't even finished. Can't wait to see the discounts in Jan. and Feb.

Remember, buy now, sell at $800/oz. later.

 

Retail investors do not move the market in any significant way in my opinion.

 

Of course they don't, how else can you explain the mint selling 40 million silver eagles and silver being down 40% for the year...

 

Wouldn't that mean, that the majority of physical PM buyers don't count, when it comes to establishing a price, based on supply and demand? The land of fairy tales is littered with gold and silver bullion.

 

Correct, retailing buying it at an all time high yet the price has collapsed over the last couple years.

 

I guess the dealers that peddle these commodities don't have any influence either? The ones that advertise the most, are just feeding off the suckers during brief moments of history, when there is a spike. They make fake promises, fake bullion coins and get rich off of sheep that flock to them. Shameful tactics, ignorant masses, has't that always been the recipe for success?

 

Dealers just make money off the spread.

For example Provident Metals buys 1 oz .999 bullion for about spot, and sells it for about a $1 over spot.

They are not in the business of predicting prices.

 

... but, they can be in the business of predicting future prices to the moon.

They also have a stake in that 40 000 000 ASE's purchased, therefore, they have influence over the supply and demand. Many of them may be sitting on bullion and debating whether or not to sell now. In theory, they can delay the inevitable downslide of PM's by trying to unload at a higher price than the downward trend. In reality, the supply from gov't sources undercuts them with every new yearly release of bullion inventory.

Many of the dealers I've encountered, were looking to sell based on delusional promises of incredibly high prices. They polluted forums with fear and links to their product. I would have to say, that many dealers of bullion were very much trying to be in the business of predicting prices.

 

Agreed about Provident, they seem like a decent buisness are are just providing a market, making money on the spread. The issue I have always had is folks like Sprott, who make these outrageous claims, knowing they are false, selling folks bullion, taking the people for a ride. I wrote about this a while back. Sprott should have takin' a lickin' like his deciples in 2013, but he didn't. While is followers lost 30% ++ , his net worth grew by over 10 % and that was in June. Most likley much more by now. These are the guys that tick me off.


Mike

 

Do as I say, not as I do. The rallying cry of hypocrites everywhere.