Silver Below $14

Hey, thought I would jump in here. Checking the markets and silver is enjoying a nice ride up. Up 3.2 percent at $14.56.

 

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Yup, the jobs report was released and somebody was surprised enough to make a major new move. Metals often make big moves on Labor Dept. report days.

 

Ohh boy, do I have a rebuttal, but as for now my regular job doesn't allow time to type it out.

 

LOL textbook propaganda. I'm not following the keynesian script. What' s your excuse! Explain yourself!
Okay:


I put my life on the line for four years protecting the collective. Granted it never became necessary but my "mostly worth-absent [and naive] little drone abdomen" was there waiting on the russkies. Where was yours?

 

And still the "Russkies" never came. Must have been the deterrent factor of your own magnificence, eh? "Whoa, comrades, that Longnine fella's probably over there. Better stand down."

I AM following the Keynesian script, because it's correct, it's true, and it works, EVERY TIME! I spent over 25 years in private business, the hot startup of the late 70's and 80's into the 90's. They were as common in Manhattan as Starbucks are now. I knew that the ONLY way I did well was when the average Joe (my customer) did well, and the best after-tax year I ever had was the year I paid the most in taxes.

My fondest wish is to some day need to pay a 70% marginal rate on my federal taxes.

 

Kurt you are sounding like the other 'all knowings' in the thread!

 

You silver guys need to take the day off and bask in your gain today. After all, there is no telling what the next day will bring. Take it from me and the S&P.

 

'Gem, I too was all "you gotta be pulling my leg" when I first encountered Keynes' work as an undergrad. But I was being taught by someone who himself was taught by Keynes personally as a young man. (My prof was young then). Keynes was not merely taught alongside Smith and Marx and Ricardo and Malthus and Galbraith as part of the picture. Keynes was given two semesters all to himself, because his paradigm was taught as the economic world's salvation, and monetarists were treated with disdainful derision, except by one prof who became the PA Secretary of Banking. He, Bill Whitesell, admitted to me at his retirement celebration just about 10 years ago that even he had become a Keynesian, and he was a thoroughly cowboy conservative Texan when I took his classes.

Hard money was taught as the root of most economic evil.

He who does not love Keynes' work does not adequately know it.

 

Usually they would move down with a report like this morning's. You make it sound like this move is normal. Maybe it's because all your Keynesian models don't apply in this economy. Watch this post get edited but all your drivel stays up.

 

No no, you're right, to a point. If this was a good surprise, it will drive metals down. Ah, but what if a major position holder was expecting even a better report, or found something troubling in the details? There is a concept called "already priced in". Apple can and has had dips after outperforming Street estimates significantly, because a major fund was expecting an even bigger improvement. What's interesting today is that equities and metals are both booming.

 

Just like horoscopes. You can justify anything.

 

The ghost of Lord Keynes scared everything up.

 

My "market" results will soon be in. My NGC shipment just moved from "Scheduled for Grading" to "Grading/Quality Control". Sorry, 10 coins, only 3 silver. Two commems and a MS Walker. Newest piece of the 10 is the Walker.

 

Because Wall Street Traders are Crooks is why a report that did not have the right numbers for PM's to go up it did and this is another example why Paper Trader Crooks can do what ever they want, the general public has no idea what their markets are about and how they are to react so the Crooks make it up as need in this poor wasteland called a Economy, trust me folks at this point the Paper will crash when, I think in 8-10 years one more President term-ish and the game is up.

 

"The market is not the economy and the economy is not the market."
- Kai Ryssdal, Host, APM: Marketplace, 2014 and 2015, nearly every broadcast

Keynes never dealt with the markets, only the macroeconomy, so using anything that happens on any day in any market to impugn Keynesianism is pretty stinking silly.

 

Ignoring the conspiracy of "crooks", with your prediction of "paper" crashing, What will replace it? certainly not any hard assets. By "paper" are you including mortgages ? So what then? Of course you should realize it will not happen, it may be modified and new instruments introduced to replace the old, but the gambling portion of stock markets, options, commodity contracts will continue, it is human nature for a very large portion of the world population. There would be a larger chance that contact sports, lottos, casinos, and Las Vegas and other gambling oriented cities disappear before 'paper' in the economy disappeared as they are paper based also. I see the possibility that the economy will go from paper to all digital over paper, but not precious metals or other hard assets.

 

'Tis the season... Everyone can lighten up a bit!

According to Kurt, we'll all get an 1889-CC Morgan in our stockings this year - gratis!

 

Careful there, 'gem. Word has it down ta da swampbuggy track that these boys is a-huntin' heretics, not lookin fer converts. Take a good hound dog wit' cha when ya ventures out there, y'hyea?

 

Its not good to ignore Crooks but ok what ever you think is sound advice.

Why is it every time I said the Paper Markets are going to crash I get, silver will have no purpose, ok great to know.

It does each time but sure lets ignore that too.

Why does it seem the trolls of this site rule the site o Mod are in on it and that's why Mr. Button Up Bellman is allow to go on and on and on and on and on over and over and over and over anytime day and night and day and night and now today.

Do you understand when the Paper Markets take a big hit or crash or call it anything you want, at some point could be few months after could be a year after could be in about 2 years after as in last time PM's go up.

Please Trolls give it a rest, PM's go up they have purpose, you what ever'zzz and a half's just play your part in the Falsehoods of the Paper Market and have a day with it.