Something wrong with bullion

The first mistake is listening to the government pundits trying to perfume the pig. They have a social engineering agenda to make everyone think that all is well.

 

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Well it looks like the wicked witch of the fed scared the crap out of people.

Jk, but gold & silver are waaaay up pre bell today

World financial markets are dumping! Scarry times for sure but at least we're seeing what we want to see with pm's. (For the time being anyway)

 

We're is everyone??? Today is the day we've all been waiting for (said with cautious trepidation) and the bullion forum is dead this am. Gold has broken its downtrend with silver lagging but coming up... us equities and pm's are the go to safe havens right now as Yellen just pretty much said we will be going negative interest.

 

Looking at the five and ten year charts for au and ag doesn't really put me in a jubilant mood. Another month or two of PM price appreciation might get my attention.

 

Today is one of those chicken-with-his-head cut-off days in all markets. Yellen getting off TV would be a good start.

Highlight of this morning's hearing: one of the senators told Yellen that the other Fed governors should stick a sock in it and quit roiling markets "when they don't know what they're talking about." Amen.

 

yeah it's going up like Crazy today 16.02
wish I actually owned more

 

Some believe that whenever the dow meets Norman Bates investors will sell metals to cover margin calls.
And you know, Norman's been pretty busy lately on wallstreet.

 

The number of investors that have purchased metal contracts on margin are very minimal today compared with years ago when all went crazy, so I don't think actual financial stress would affect the metal market. Any effect will ,IMO ,be all psychological among wantabee stackers. Some will want more and some will see a chance coming to cut and run from past expectations.

 

In this environment, margin calls are a real concern for any investor. Desertgem is correct -- when a margin call hits, winners have to be sold along with losers to pay back the brokerage house advance.

 

I'm sorry... I was outside doing my favorite dance!

And getting a bit of jewelry up onto Ebay.

I'm double-loving this, thinking about when I'll move assets back out of MM/Bond funds into mid/large cap. Maybe a small chunk today and book the win!

 

Smart man!

 

Great time to be shopping for solid dividend stocks! Just be sure you're not buying "an accidental high-yielder" that won't be able to sustain its dividend.

 

I'm actually going to start making small moves into international again. Asia and BRIC. I only move what is in my wife's 401k, and I only move small chunks between funds. I'm not a major player by any stretch of the imagination.

Also, a piece of advice I got from a very successful wealthy personal financial consultant (his own business - not a phone jockey with a list of best practices), who was a client of mine for a few years.

The mid-cap 600 tends to be more stable than S&P, small cap and large cap. They tend to see higher appreciable gain in the market when it trends higher, and does not see as much loss during the downturns. My market research and graphs proved out this theory, so I'm well weighted in midcap 600.

So if you are looking for domestic funds with some safety, take a look at market trends over the last 5-10 years of midcap 600. Of course... YMMV, caveat emptor, buy low - sell high, don't spit into wind, don't eat yellow snow, etc... Lots of disclaimers - but you get the idea.

Do your research first!

 

Bought GDX 18 Straddles Mar 18 exp. Doesn't matter to me which way it goes, hope it does so this month

 

This is kinda funny, posted back in September. Not claiming anything or endorsing. Just amusing and goes along with the day...

Fear is our friend!

 

This isn't a bullion forum. It says that, but it's not. It's more so a coin collecting thread with some bullion topics scattered about.

But here's a bullion comment: I'm shocked the up trend hasn't been faster. There must have been lots of shorts that got crushed and called due in the last 7 days.

 

I love to see anyone who shorts anything get crushed. Sorry, that's just me

 

Schadenfreude... I try to bet on winners, then hold or get out while the gettin's good.

 

Both orders arrived last night. Oddly they shipped two separate packages (not sure why they didn't combine and save shipping).

Unfortunately they were left on my porch in plain sight without signature. I felt like calling and saying "never received" since a $2 signature is incredible insurance against such items. But I'm not that kinda person.

And I got my ASE's for a great price - especially considering this week's run up.

Boy did they include a lot of advertising in the packages!!! Full color catalog with outrageous prices and lots of BS.

My favorite was "Own a Morgan Silver Dollar that was struck during the Black Bart era" as if it was from his personal hoard or something. Everything about the wording says "we're just playing on a classic name" and then they put it into a holder that says "Black Bart" and charge almost $100 for an XF common date Morgan. There was nothing that would confirm it was from his hoard or any relation to the coin.

Technically it could have been anyone from the era with their name stamped on the slab.

 

Black Bart is sooooo last week. On the other hand, almost all the S mintmark Morgans can claim they're from the old Barbary Coast Era. The only exception being 1921S.