Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.
Oh wait 1600-42
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I wonder what coinage he had with him before his ships burnt down like silver today ...
Crummy Treasury auction today. Interest rates up a tad. That’s no friend of PMs.
It is if you want to buy!
I was thinking of buying all of the silver mines.
secretly store tons of silver
then stop production without warning.
Then watch silver spike, sell the stored up silver and repeat.
Alas, I only have $32 in my wallet to initiate this project.
And we gained a penny at close. Oh sorry a cent!!
and now the euro pee in markets are raising us up for NY to fall tomorrow.
well that did not happen, We already lost a buck an ounce in last week Now I am shooting for $15.99 to buy another ten.
TOO LATE !!
DOW down 1033 points today. Again! Why aren't PMs up more?
A guess here: people are selling PMs to make margin calls on leveraged stocks. Same thing happened in 2009. But after the selling stopped, PMs rebounded. What happens this time I know not.
ppl are also selling their Mutual Funds which take 1-3 days to clear from the other day and making their decision to sell.
2007-09 was a different animal. market fell from around 14k to 6.5k ?
I do know that junk car loans are going bad and that started last year. I started pulling my money out of junk loans which are high return but high risk last year. More and more of those are defaulting now. article from last year ==> https://www.bloomberg.com/news/arti...-boom-same-old-sins-auto-defaults-are-soaring
I don't remember exactly but I thought it dropped a little more than half so those figure are probably correct. It would not surprise me to see a large drop this time but I don't expect it to be 50%. Maybe 30%, which would take it back down below 19k.
Nothing is up — bonds, stocks or PMs. There’s wholesale liquidation going on to cover leveraged positions that have totally flown South. Others are selling profitable positions and squirreling away cash to fight another day.
Indeed. Interesting to say the least.
Luckily I don't have to shovel the snow to see the price of silver.
well should I? or are any of you taking advantage of providence spot sale on rounds this weekend.
I buy when I have spare cash, not when there is a spare sale. Spot is not so important to me because I have no plans to ever sell unless spot is much higher and in that case I have enough that a few cents here and there will not affect me.
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