Silver getting crushed today

I can't recall which mining operation but I recall seeing the safe on tv briefly and it was a large TL30-like slab steel/concrete safe. last one I saw like that was at a local gun store. big and heavy. Of course, those operations have the equipment to cut into those too.

 

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I'll earn mine. Easier for me than stealing - less dangerous.

I'm quite sure they all carry "bear spray" in the form of lead. If you act like a bear stealing that golden honey - you will probably end up a rug on the floor.

This is in my backpack whenever I go out in the hills - panning or otherwise. It's for stopping bears...or...whatever.

Show us your bear spray!

 

LOL

 

Hey Brett, Do you live in an area or visit an area that you can pan? My step Daughter bought me a deluxe gold panning kit about 4 years ago for fathers day but I am thinking Fools Gold is the only thing this fool could find here.[/QUOTE] Well that did not work right.

 

Absolutely. In fact I have a guest pass on to a few claims, have a few spots marked and this year's floods have "supposedly" opened up a bunch of new gold veins.

http://www.foxnews.com/us/2017/03/1...-exposed-gold-veins-hidden-for-200-years.html

Shoot me a private message, and I'll pass along some areas to try. Mind you it isn't for the weak-willed. The rivers run cold and fast, but there is gold.

 

The reaction of PM to the interest rate increase is very strong at the moment, but so are stocks. I think it is just the release of the suspense. Now how far to ride until its reasonable to sell.My CALLS expire in 2 weeks on GDX.

 

Look at silver just get CRUSHED .. it's going D-O-W- ..... oh wait ... never mind ...

 

and GOLD

 

SELL!

 

Today's spike gets me out of the red on a couple of my silver purchases. Keep going up baby!

 

Are interest rate hikes supposed to be bearish or bullish events for metals?

 

Hm not gonna sell yet, lets see what it stays at and if it stabilizes.

 

I expected money to pull out of PMs and into the stock market. Instead both are zooming up ?????

I gotta go check my Treasuries now ...



I think the Zombies are coming out now.

 

I guess the Dollar is tumbling ....
==> https://www.bloomberg.com/news/arti...eally-moving-after-the-fed-interest-rate-hike

==> https://www.bloomberg.com/markets/currencies




Guess I better buy everything that I need from Canada now before it goes any further ...

 

I'd like to see it get back to $18.20 which we were at March 1st. Then I'll unload some of my 2017 ASE's for some profit action.

 

I'm a bit surprised by the upward price action on PMs and the miserly movement of the 10-year rate. But since I have stocks and gold, I ain't complaining (at least for today).

 

I spread out some of my investments into large, mid and small cap funds instead of safe havens. I figured if the entire market is headed up (and likes the changes and forecasts) I might as well take advantage of it as much as possible before all turns into zombies.

 

Just talking out loud here....but I think today's (so far) meteoric rise is not sustainable. Look for a dip tomorrow. I think we are going to see a $1200 to $1250 range for some time to come.

 

That'd be a fantastic range for silver ... stack up !!

Large jumps are stereotypically followed by a quick sell.

==> http://www.marketwatch.com/story/why-the-fed-interest-rate-hike-fueled-a-rally-in-gold-2017-03-15

 

Oh, I was talking gold....but you can figure something similar for silver. Not that I am a prognosticator, but I'm figuring silver between $16.50 and $17.