Next step silver - over $20.00

dow jones can fall under 8,000 points. last year low is only 6,400 points more or less.

 

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Yeah, I heard that today too! Yipes!

 

Current Dow level:

9,870.30 DOW JONES INDUSTRIAL AVERAGE (IJI)

-268.22 (-2.65%) 06/29 04:02 pm

Asia tanked last night also.

 

My freakin' transportation stocks took a bullet today......

 

Stocks Slide, Treasuries Jump on Concern Over China, Confidence from Bloomberg.com 6/29/2010

U.S. Stocks Drop on New Jitters About Global Growth from NYTimes.com 6/29/2010


This is gonna be a bad week with the jobs report at the end of the week and just before the holiday, moving holdings to safe positions for the long holiday, light volume, falling consumer confidence. Sadly these tough times abound.

 

You see all the MTA cuts this weekend? 75 bus lines cut in the city too! But a new subway map went into effect! score one for the printers and one for those who hang them across all the stations. :goofer:

 

I took most of my stock investments out of the market last month and put them in more conservative vehicles like bonds. I'm not ready to leap into Gold or Silver yet but I definitely do not trust the market this summer. Next fall may be even more volatile in the stock market.

 

since stock market is not good. gold should hold or move up. let's forget those. relax and watch the world cup instead. o.k. who will win krispy?.

 

Yeah I have to agree with that. The jobs numbers will not be very good IMO and that among other bad news will just drive the DOW down further. I might be wrong on this but this bad news might possibly drop gold and silver on a temporary basis but they will both recover since the negative long term fundamentals of the U.S gov't finances and the negative long term fundamentals of the U.S. $ will not change.

The long term negative fundamentals of the U.S. Gov't finances and the U.S. $ will keep gold and silver close to where are are currently at now IMO and will eventually resume its climb.

 

no. the gold will hold or move up. silver, platinum and palladium will follow stock market moving. tonight. dow jones future index down again. tomorrow will be another stock market nightmare. krispy don't attempt to do bad things. o.k.

 

asian market open. gold up. platinum down.

 

Bad news will not always keep gold holding or make gold go up. For example, things were bad in 2008 with the financial crisis and gold and silver and stocks moved down during the worst of the financial crisis but gold and silver eventually recovered some with gold recovering more than silver did once the worst of the financial crisis was over.

I think that silver went down harder ($8 silver low during the fall 2008) than gold did during the worst of the financial crisis and gold ended up finishing at 5% for the year of 2008. I still think that gold and silver will continue to go up on a long term basis given the long term negative fundamentals of the U.S. gov't finances and the U.S. $.

Honestly nobody really knows what gold and silver will do. We will have to see what happens.

 

don't know who will win... what teams are left? what did ghana do? beat US? you tell me the scores elaine. you are my numbers gal. :smile

 

maybe institutional and govt PM buyers will keep it afloat, but small guys may not be buying. I do no bad things elaine. buy and hold, long term positions for me.

 

I think that Brazil will win the World Cup but this is just a wild guess on my part.

However, I feel more confident about my prediction of silver finishing at $23 (or more) on December 31, 2010 than I do about my prediction of Brazil winning the World Cup.

 

soocer just like baseball. it is very hard to predict. unlike basketball. it is much easier.

ghana beat u.s.a 2-1. official world cup site.

http://www.fifa.com/worldcup/standings/index.html

 

More like your internet "first spouse." :hug: TC

 

http://www.cnbc.com/id/38004513

 

I just hope that Elaine and Krispy's CT "marriage" can withstand $20+ silver in the near future. :goofer:

 

I'm not a FS collector. But elaine runs a harem full of them.