Silver getting crushed today

You'll need two and a stick for between them.

 

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I seen it...?

 

Who exactly is making the rate increase drama?
The Fed or bankers / news ppl, etc ?
The Fed has a meeting set. They review all their criteria then come to a decision. They don't make a decisions months before and just sit on it.
I feel as if this economy/news is more based on Options type theory than actual valuations.

 

The Fed governors are creating a cottage speech making industry by voicing their opinions constantly in what appears to be more lobbying than deciding on sound policy. The mere words from a governor can move markets. They know it -- and this bunch appears to be enjoying it.

Don't blame news people for covering their speeches. That's what they're paid to do. If they didn't, we'd be giving them hell for allowing us to be "surprised."

 

Exactly, and exactly the same as any market. What moves all markets is not current value, and not even perceptions of future value, but changes in the perception of future value.

 

True, but they used to keep their traps shut, and both business and politicians griped about it. So they relented, and they now talk.

 

Be careful for what you want, I suppose

 

Preeeeeeeee-cisely. The only law that seems to be truly universal is the one of unintended consequences.

[Just noticed - this is/was my 3,000th post.]

 

Down $.78 as I type. $17.78. I'm in silver bear mode til January.

 

ouch .. look at that chart


I'm on the sidelines now too. I was starting to build a set of ASE's from 1986 to current just for my own amusement.

 

Seems to be setting up for a nice buy opportunity .

 

Exactly.

 

Market at record highs, silver will plummet, you think a bottom of $16.00 is in sight ?

 

I'm hoping for $15

 

I was hoping for $14 before.
But hopefully not in 1 day
High: 18.93
Low: 17.29

 

Yeah I could do that to make additional purchases.

 

$17.47 now... I may hop over to the coin shop tomorrow.

 

Silver is like a yo-yo. It goes up, it goes down. I just keep rising the ups and downs because I like yo-yo's.

 

The Yellow and Silver Submarine definitely sprung a leak today ... down $1.34 so far for the shiny silver stuff and $36.10 for the shiny gold stuff.

I'm curious if it's going to start some panic selling from ETF Holders, etc.

 

Looks like $16 is a good possibility. I don't see if there should be any panic with such holders. Wouldn't you think there would be a point that would need to be reached for a reaction ? If so what would it be ? Curious.