Silver getting crushed today

good year for ASEs considering how much they sell for now.

 

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Contrarianism works almost every time. If everybody wants one now, wait. If nobody does, buy extra now.

 

so you're buying up the 2017 Liberty 1oz gold right now ??

 

If the budget called for it, I would, ... bigly. But keep an eye on Boys Town non-proof clad halves. A piece of free advice, properly priced to its value.

 

Unfortunately, I don't have any interest in that design. So I'll have to pass. I only collect what I like. I like ASEs so I collect those too. On the gold side I've collected certain coins that I like but haven't decided which bullion holds I want.

 

Take a look at the Dow and you'll know why.

 

The more I look at the Dow, the less I know. Want to know what's what in the economy? Watch the 10-Year Treasury yield.

 

Stocks, bonds and PMs on a typical trading DAY will move up and down in a correlation with each other. Who knows? Tomorrow stocks will be down and the other two back up. One day means a whole lot of nothing.

 

Take the majority and hope for the best. One thing I have noticed is MOST asset classes move in similar phase with the most notable outlier being gold. Watching gold is like watching a crazy person on acid, whose shoes are on fire.

 

After a quick EBAY search, I didn't see any under $25. Seems kinda high for a clad half sleeper. What is it that makes you feel they would be a good value ?

 

It's looking like it'll be a VERY low mintage. The OIP is at $25.95 now. Still VERY available at the mint.

 

Now, that's starting to sound distressingly like a



tip...

 

It is, for those so inclined. I'm not. I got my usual "one". Looks like they'll be on the Mint website until December 31, 2017. Initial rush is over, only 10% or so of the authorized mintage has sold. So what if the design is butt ugly? That never stopped classic commems from appreciating.

 

To me, gold has its most violent moves when there's overseas troubles.

 

And then they lose when everything turns out okay. That's what offends me the most about goldbugs. They bet on the worst happening.

 

Think of it as hedging -- either you make money, or you can be happy that the worst hasn't happened.

 

Funny, I keep thinking about how little I'd want to continue living in a world where goldbugs are happy.

 

Gold, being extremely dense, would presumably be useful for smashing one's own brains out.

(have a straight line, I'm in a generous mood)

 

Meh, just stopping my meds for 10 days or so would pretty much take care of it.

 

Speaking of gold, I see that the mint has raised the price on the gold libs. to $1690.00. Wow.