Silver getting crushed today

Actually been out trying to kill a buck the last few days. 50 deg today gonna put some tractors away for winter I guess.
Is tomorrow a market holiday?

 

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I say it because I studied under one of this nation's top Keynes protégés, who studied under the Great Man himself. My professor, one Will Lyons, then of Lancaster, PA, had original manuscripts written by Keynes that were never published. I got to hold them, but he wouldn't let them out of his sight.

The only institution of higher learning with a more thorough Keynes education than Franklin & Marshall is Harvard University. He is taught not as "just another economist in history", but THE finest economist of all time. Although it's pretty tough to slog through, Keynes' The Economic Consequences of the Peace is the best description ever written on how the Versailles Treaty led inevitably to Weimar and then to Nazism.

Professor Lyons is probably dead by now. He was no "spring chicken" in the 70's. Now that I think about it, he'd have to be over 100 today.

 

Welp, silver is back under $17 again. Pick a lane and stay in it.

 

The quote in your link I prefer is this one:

" the love of money for its own sake seemed to him “a somewhat disgusting morbidity, one of those semi-criminal, semi-pathological propensities which one hands over with a kind of shudder to the specialist in mental diseases”.

Yup, once you realize that AT THE TIME, money was PM and PM was money. It no longer is.

 

I've seen the term 'anti-intellectual' thrown out glibly the last few pages in this thread. What exactly is the meaning here? Sure it's a clever way to belittle unorthodox points of view. Does one become an 'intellectual' through having shelled out 100k to sit in classrooms for years? That's a little presumptuous. Just sayin' . . .

I've met plenty of college kids that come out 4/6/8 years later as dumb as dirt. And farmers who can barely spell that can rebuild the world if necessary. It's not all about the 'certificates'.

I know, a 'trollish' comment, but the 'anti-intellectual' brand is silly. But if you're going after the text-speak grammar and spelling . . . bene. Our standards of literacy are in free fall.

 

Any idea what that object is to his right on the night stand? Or maybe it's behind the night stand.

https://www.google.com/url?sa=t&sou...mMAA&usg=AOvVaw3zpmlnRJ2AGsH5VAn823C7&ampcf=1

 

A telephone.

 

Or is it a prototype of the Apple HomePod speaker due for release next month? Woooooo. Time traveler.

The biggest hint is to know what that piece of furniture is called - a "telephone table".

 

NIGHT STAND

 

Hotline to God?!?!? I sincerely doubt Mr. Keynes is actually going to answer.

 

Actually, yes one does, IF it is done correctly, an increasingly rare case, unfortunately. In fact, we have a several trillion dollar industry built around it. Now, would I have made the same choices TODAY as I did 45 years ago? I can't honestly say. It's too close a call now. The cost of a 4-year degree at an august institution is simply too dear at this point.

 

Market is down 230 and silver is down a little. I give Up!

 

Now, now, you KNOW you don't mean that last part. It's just markets doing what markets do. They only kind of make a little sense over longer hauls. What happens intra-day is meaningless noise.

 

sell!

 

Your friendly neighborhood stock market is taking some profits today after the bulk of the earnings season has passed. I imagine it might last a few days. Sell now, book profits and buy back in at lower prices.

With the Dow so high, it’s important to look at the percentage change rather than the point change. 224 points is still less than 1 percent.

 

I know. I just thought I'd share my thoughts. I think you once said that you tracked silver for years and it will drive you crazy. I'm starting to agree.

I'm just going to put my PMs in deep storage and forget about them.

 

Great point. I am so used to 230 being significant now with the market so high not so much anymore.

 

"(Kitco News) - Lackluster investor interest in North America and declining jewelry sales in India weighed heavily on global gold demand, which fell to its lowest level in eight years, according to the latest report from the World Gold Council (WGC)."

Darned global Keynesians, they obviously aren't paying attention to the gold bugs on CoinTalk.

 

Pullbacks are only worrisome if you are loaded down with non-dividend stocks. Virtually, all my stocks pay dividends. Come to Daddy.

Of course, the underlying company has to be solid.

For example, CenturyLink, a major telecommunications provider, has nearly a 14 percent annual dividend. Why isn’t it flying off the shelves? The percentage is high because the stock has lost more than 60 percent of its price in the last year. Can it continue the cover that dividend? I have my doubts.