Silver getting crushed today

with the market crashing down today we have Silver .. well, stagnant ...

 

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With the market down -411 points @2.45pm so far, it would be a clear sign of the correlation of market to PMs. But today, PMs are down too with Gold down -$5.20
So, as we've mentioned before, there's more in play to PM pricing than the stock market in general.


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end down -724.42 points at 23,957.89
just a short time ago it was at 26,616.70

 

Yeah, what happened to the "Safe Haven"? Stocks have been all over the board the last few months with some scary drops. Silver and Gold have not done much.

 

Dollar Index is dropping ... so ....

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@abuckmaster147

 

Dang I have to keep an eye on gold now.

 

Inflation is coming! I work in the restaurant industry and it’s suffering because no one will work for restaurant wages any more. The $15 an hour dishwasher is going to raise restaurant prices -
No political discussion! Please read rules.

 

There is serious concern in the investment world concerning trade agreements...this triggered a rapid decline in an already inflated stock market...normally, money jumps from one place to another, but in this case money will be held on the side lines until unrest is settled. Investors are willing to take a spring break for awhile...all will balance out as it always does, but, I doubt any major moves will occur in the next few days. During times like this, the best move is to do nothing at all.

 

I pulled most of my money out of the stock market several weeks ago. It's just gonna sit on the sidelines until I think upwards stability/trending is more prevalent.

It may bounce around. And I may be at a break even point when I get back in (hopefully at a lower point). But at least I don't have to worry about potentially losing a ton and I can sleep at night.

 

I have mutual retirement funds, so making any moves al all is negative for me, but I would also move away from stocks if I owned any, at least for the near term.

 

All my stocks are way positive. No need to sell and then pay capital gains tax. I'm just letting them ride to the sunset or until something drastically changes their business models.

retirement mutual funds can be finicky.
one of mine allows me to move funds with no issues (I put them into Money Market for now) But some funds, if you move them too often have a fee attached.

Another one of my retirement accounts let you change stuff twice a year. So those selections are massively different than the other acct selections and I'll only move if the market/economy as a whole is shifting down.

 

I stay well diversified, but jumping from stock to bond funds can be risky business...timing is difficult for even the most seasoned investor...being in the market at all times seems to be the easiest and most desirable method for most, at least over the past 30 years anyway. Best for me to ride the waves.

 

I’ve sold some stock positions over the past six weeks — all well in the black — and just letting the cash sit until a decent direction develops.

If you do some shopping around (I would suggest using a financial advisor) you can find some fairly decent rates to construct a CD “ladder” of maturity dates.

No, you won’t make a killing — but it’s much higher than letting your cash sit in the typical money market account. It also relieves the pressure to “do something” with the money when the best thing to do might be to sit chilly for a while.

Just a thought I’m passing on.

 

When paper securities go all zig-zaggy, it's good to have physical silver and gold

 

Any of you folks ever sold silver bars or rounds here on the site?

 

Just a thought on the stock market: Historically, a correction (10 percent or more down from a recent high) is followed by an uptick, then a "re-correction" where the indexes slide back down to the correction level.

Not predicting an upturn from here (it can go lower) but Friday's drop marked a "re-correction."

Food for thought.

 

There ain't no "safe haven" right now, except for cash and CDs that will earn you a bit of interest.

 

Widespread inflation has supposedly been coming since earlier this decade when gold and silver went nutso over something that didn't happen. I'll believe it when I see it.

 

Some sort of market correction has been in the cards for awhile now...all it took was a little economic news to trigger small selloff...after all, the markets have gained nearly 30% since a bit over a year ago...the downturn seems microscopic compared to past corrections.

 

As coin collectors are no longer these day thanks to games and mobile phones, all silver coins graded EF and under should be crushed and melted into bullion...This will show the society that UNC is JUNK as no one could afford them...have a nice day you all... "God i love this USA 1st ammendment"

 

It is not the wages that servers want.... An average server does maybe 20 tables per hour and that is very conservative.... An average is 2 people per table raking into the equation of 1 person and 3 and up people...The average person leaves $2 per tip , per person so that can be $80.00 per hour in tips....Then there is 8 hours per shift whether it be morning , afternoon or 3rd shift...Please note the amount of customers in the 3rd shift will not be as many. That is why i averaged to only 20 perhour instead of about 35-40 people to be served. The take home at the minimum should then come to $640.00 per day in tips alone so who need the stingy $3 per hour in wages??? At $640.00 per day on a 5 day week makes it a $3200.00 take home in tips alone for an average server....I think being a server is way better than gold or silver ever will be....Have a lovely day you all.