Silver getting crushed today

Oh, that was before the US market opened ... here it is now.

 

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Not a good day for PMs.

 

Not a bad day either. Down less than one percent. Silver is down about the same as my investment portfolio is up so who am I to complain. The whole point of stacking is to offset other financial losses so breaking even overall should be the norm.

 

It's only really a big move day if Kitco needs to rescale the Y-axis mid-day.

 

Can "big move" be abbreviated as BM?

 

booo

 

In one of the two possible directions, yes. The other direction, not s'much.

 

BM has another meaning in the medical world. Somehow it is still appropriate in many instances.

 

looks steady now

 

who'd uv thunk it

 

Always looks pretty steady to me. It rarely swings by more than 5% a day.

 

My standard is about 3% is newsworthy for a single trading day. Around the $17 mark, half a buck is big.

 

Dow Jones was above 23,000 for a brief time and barely missed it at the close.

 

I thought that meant babymomma.
I'm not helping...

 

I would rather have record highs with the stock market than Silver going up. Just me.

 

But record highs in the market are much more likely to tumble that increases in silver. Silver is good for the long run whereas you need to time it right to get out of the market to maintain your wealth. How many people lost it all in 2008?

 

Not I.

 

Took a big hit but rebounded quickly playing bonds for price. The collapse in interest rates was most helpful, to say the least.

 

Q: How many lost well over half in silver since 2011? A: All of them. Everybody. Since summer of 2011, silver is down over half, and the Dow has more than doubled. That sounds like 4X better for stocks over a 6 year span. Not too bad. Nobody "lost it all" in 2008 unless they compounded what happened with ridiculously stupid decision-making. (aka buy high/sell low)

 

The majority of companies not only regained their stock prices but have exceeded them. Every stock obviously has to be evaluated on their own, but most people would have gotten it back if not gotten it back and then some if they didn't panic sell during the down turn.