Silver getting crushed today

Log in or Sign up to hide this ad.

Time to sell gold and buy silver. The ratio is top side of 80 for the first time in a long time.

 

I think you guys have all gone Banana's

 

Bananas? I thought I told everyone to do Corn Nuts. Corn Nut block chain is coming to a theater near you.

 

I thought we might get spared .. saw DOW futures rising up to -129 yesterday. Now DOW futures sank back down to -229, Nasdaq -46 SP500 -12

and for anyone who asked if they should wait or buy over the weekend .. guess you shouldn't listen to me ... Silver moving up before NY market open +0.27 cents

 

So I did not really watch the superbowl just kinda glanced here and there. But from what I did see I thought the amazon Alexa commercial was pretty darn funny.
OBTW It looks like silver is kinda stuck for now.

 

Silver has lost almost all the gains it made since last night.

 

Ok, the market is going mad, dropped 1,100 for a bit.

 

The top performing item in my portfolio is the silver ETF! But overall I am down less than the market and my silver is still safely stashed away so I am happy. It's time for a major correction - it long overdue.

 

I called my 401K Plan and the phones are jammed.

 

Yes that is what I said last week it looks like a correction. What does history say? Big downward swing or just less than 10% or something ?

 

10% is a correction I believe.

 

Prices are down! SELL EVERYTHING!

 

Buy scooby snacks!!!

 

I think we can expect at least 20% before this is over. Maybe even much more. In 2008 it was almost 50%. I'm just hanging tight. I have my high dividend stocks and I think the speculative part will recover sooner. I've been studying the use of options to protect the downside and I am convince it can work but I have not gain enough knowledge yet to do it confidently. I was hoping I had another three months.

 

The Redcoats are coming!!! No I didn't change anything to my 401K nor am I panicking. Did dabble in a silver purchase just now though.

 

Glad to have you back and posting again @Bman33

 

Hey Bman how are you doing on your Ike sets? I finally found mine but from the looks of things not what you are collecting.

 

I need 3 coins to complete the set. The "King" 72 type II and 2 Cu Clad Proofs.

If I ever see Ikes I look and usually buy. I have a stack of extra Browns.

 

The Fat Lady isn't singing yet. DJIA futures are down another 350 points at 4:45 PM EST.

https://www.cnbc.com/pre-markets/

And the Nikkei Futures are down 8% just before that market opens Tuesday morning.