Silver getting crushed today

Wow, $16.74 as I type. Hopefully my January 2017 strategy works.

 

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$16.73 now...

 

amazing.
Gonna make buying full ase tubes affordable again.

A potential small US rate hike/political effect is doing all of this? globally?
large out flow of ETFs

http://www.kitco.com/news/2016-11-1...gs-Post-Second-Straight-16-Tonne-Decline.html

 

Money is moving out of bonds and elsewhere and into the market that's been bullish since the election with the DJI about to breach 19k. Is it any surprise money is moving out of PM's. Edit: political. The rules stay the same even after the elections.

 

The stock market is acting toppy today. Nobody is going to get burned today by sitting on their hands, IMHO.

 

You've never eaten my wife's cooking...

 

Did she get her overnighted sandwich?

 

If ya can't say sumpthin' nice Bambi...

 

Seems to me it's all about the election at this time...the country is rattled and this may be the usual seesaw...expect the unexpected for a while...at this point the whole world is wondering "What up wid us?"
I expect Wall St is feeling pretty strong right now so the market will rise , result Metals are logically down seems to me this is the way it usually goes.

 

Looks like Silver is going to go up now ... up 13 cents so far.
and I nearly bought some last night.

 

$16.61 Down $0.35

 

Man, that chart is just mean to Silver

 

Some signs that Treasuries might be finding their new level. 10 year at 2.2 to just under 2.3 this week. Overseas bonds with the notable exceptions of Germany and Japan seem a bit more competitive. Dow Jones acting a bit toppy.

Afraid metals on the short end of the stick. I would guess investors are getting out to have some dry powder -- cash. This market situation is only 2 weeks old and has a long way to go before it shakes out into any long term sense, IMHO.

 

I think people are starting to realize you can't eat precious metal

 

Well I've eaten a few stocks in my time, fortunately not often. They go down with a glass of milk. Think metals would be hard on the dental caps.

 

Real estate can be pretty chewy, too...

 

Diversity is the logical solution, but if all else fails, PMs may win out, or think back to pioneer days when only durable goods and services were traded.

 

$16.48 as I type. I sold all of my silver in the beginning of October when it was $19.15. I bought in January this year for the first time ever. Through buying and selling from Jan.-October I made a nice profit. Now I don't know if Silver is a sound investment. It's too crazy for me. Although last year silver got down to around $13.75 in December and January it was around $14.00. If I see those numbers again I'll enter the fray again.

 

you can raise food on real estate and rent it out.

 

PMs may look very attractive at lower levels, but what are lower levels? If our new Pres. does half the things he says he can do, then don,t be surprised to see PMs at 2003 levels again. Many of you younger investors don,t realize what very little it takes to move markets either up or down. Not so long ago, I owned a pile of silver, and couldn,t wait for it to hit 5.00/oz. I was so glad to get rid of it at those levels!