Silver getting crushed today

Ar ar ar

 

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JPM won a dismissal on the case you mention, but an appellate court overturned it earlier this month. I doubt there was fictitious numbers or it would have been lost outright. The interesting thing is that some feel JPM will win out still as since the first decision, they have found data to strengthen their defense, mainly SIFO
( mentioned in the article, and people may need a 'rocket scientist' to interpret the pretty graph and explanations). The second reading is for a similar zinc suit.

I sincerely hate to say it, As I dislike them personally, but it seems the banking industry is going to be unleashed, so buy WF, JPM, BA, as their stock should escalate 20++ % this year. Don't shoot the messenger

https://www.marketslant.com/articles/jp-morgan-silver-rigging-dismissal-case-overturned

http://www.reuters.com/article/us-zinc-antitrust-decision-idUSKBN0UL1VT20160107

 

I'm not shooting the messenger. The normalization of interest rates will make it easier for businesses -- especially small businesses -- to get loans. (Study the concept of risk-to-reward ratios if you don't understand that). At the same time, certificate of deposit rates will rise, something that retired folks need.

Yes, the banks will be more profitable. So what? Instead of crying about that, buy some stock.

 

I certainly hope you are correct about your first paragraph, time will tell. Jim

 

Me too. I invest my money where my mouth is.

 

20K now and 2k by years end. Crash is coming. So buy, please buy.

 

So here is my ? say you only had $250.00 invested in 25 lbs of silver. Are most of you saying sell sell sell? What if you did not really care and wanted to wait 15 to 20 years and use it then for living in FL or Bermuda ,Or heck Mexico!! My only problem is its gonna take me 15 to 20 years to afford 10 lbs of silver if Ever. Well maybe if it gets down to under $3.00 a ounce I would shoot for it!

 

I would have to assume that you bought heavily into PMs at a much higher price than they are right now, and didn't sell on a downwards trend.

For the market to go from 20K to 2k would have to have a complete and utter shutdown of the economy. Just studying and seeing the economy back in 2007/10 where the market went from 14k to around 6.5k.

In my neighborhood probably around 30%+ of the houses were foreclosed on at one point or another, at least it seemed like it just driving around and watching.

I do not see the indicators of a market collapse like we had in 2007-2009.

The key to any investment, is having a plan of when to sell no matter what. A small loss can get to be a bigger loss if you think it's going to bounce back and it doesn't. A small loss may put you in a position of losing a bounce, unless you watch for bounce indicators to hold instead.

 

I bought tube of ASEs back when they were $140/tube.
I didn't sell when silver shot up because then I would have cash, and not a physical asset in my portfolio. I didn't know what to put the cash into as PMs is a small portion of my portfolio.

I could sell them today for a profit. Or I could just keep holding on to them for at some point to convert it to cash to do something else when I readjust my portfolio.

1lb of spot silver is about $283 right now. 25lbs is $7,084. A good chunk of change.

I think your model of $250 of 25lbs of silver has the spot of 0.625/oz. that would have been a good deal which probably puts you back in the 1960s.

 

I guess that is the point in life I am kind of inn right now. I say to myself I am pretty broke so I could sell something farm related for $100.00 here a couple hundred there . But Why? A few hundred bucks is not going to put me into a whole lot better spot. Might as well wait till I need food or SUN!! Then I think I have not used this stuff in years should I sell it and buy silver. I do not like the price of gold. I do believe that it could collapse down to around 6 to 8 hundred real easy. Just glad I sold everything I had when it was up in the high teens. But then again I am just a poor farmer and do not know much about all this investing crap. But I can say I am learning from you folks or at least I hope i am.

 

To the extent there is any "inflation", there is the major cause. Nobody wants to compete anymore; they want to eliminate the competition. Luckily, the courts are starting to wake up to the con, especially by refusing two recent healthcare mergers.

 

For investing to really make sense you need a good amount of $$ into it.

For instance (I'm using rounded numbers for simplicity).

Let's say you buy $100 worth of GE stock which we'll just say is $30 right now.
(This could be a Silver/Gold ETF, but they may also have Quarterly fees which will increase the breakeven point each Quarter!!).
That $90 Plus say $10 to make the BUY IN fee.
Keep in mind there is a $10 sell fee.
Thus face breakeven point is now $110. So the valuation would have to rise to about $37 per share to make the sale just a $0.00 proposition.

Now, let's not forget on visible asset sales (yes this actually includes "collectibles" which includes coins and PMs) there is roughly a 30% Capital Gains tax. "visible" versus what most ppl probably do in buying/ selling silver is pocket the money, more info here ==> https://www.jmbullion.com/investing-guide/taxes-reporting-iras/capital-gains/

Luckily taxes allow you to include the Fees, so you'll have 30% tax on $0.00

If that GE stock rose to $80 per share, face value of $240
you would then have a profit of $220 after trading it.
Then take away $66 for the IRS and you'll have $154 in your pocket.

But that's assuming GE rises to $80 sometime soon ...

I recommend putting your monies into an account to first accumulate larger amounts which then may be used for some investment.

Right now Savings accounts are kinda dismal but places like AllyBank and Amex, TIAA bank have High Rate Savings accts around 1% APR. Yes, not much, but better than the pitiful regular savings accounts out there.

Only invest monies that you can afford to lose. If you can't afford to lose it, don't invest it in PMs or individual stocks etc. Lower Risk investments are items like general Mutual Funds.

Mutual Funds are more stable but they usually have a minimum initial investment thus the reason to build up a savings account. 401Ks etc will/can be normally invested into Mutual Funds.

If you have minimal money I do not recommend investing them into PMs unless you really like the shiny stuff in hand.

 

Yes with Cigna/Anthem.
I wish they would negate the Genworth / China OceanWide sale too. And GE Appliances to China Haier.

 

Aetna/Humana just three weeks ago, too.

 

Up and away to start of Friday

 

That's a parabola. Guess what's next.

 

It's gonna keep rocketing all the way to $100 / oz ??
and the Moon is going to explode ?

 

Why the climb in Silver all of a sudden?

 

because of bad weather in Italy, which had the price of olive oil surge due to reduced supply of oil, which affects the Mexican imports of olive oil which are used by the Mexican Silver Miners to lube the rail cars!!

Of course, Gold and Platinum are going through some profit taking.

 

Higher?