Silver getting crushed today

Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.

  1. Clawcoins

    Clawcoins Well-Known Member

    oops, make that 800+ point slide
    upload_2018-10-10_16-45-16.png


    that's gonna hurt the mutual funds.
     
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  3. longnine009

    longnine009 Most Exalted Excellency

    At times like this it is so amusing to look at photos of people on wall street. Yeah, they can beat their chests and blow wind about "climbing the wall of worry" when things are down 50 points. When they are down 800 points they don't look or so commando-like anymore do they? They look like they're prepping to dump a loaf in their undies.
     
    Last edited: Oct 11, 2018
  4. mikem2000

    mikem2000 Lost Cause


    Maybe... but when you seen this as much as I have, you don't even blink. This rout could get worse with the possibility of it getting much worse, as nobody know for sure. There have been 47 recessions in the US with market routs much larger than this little blip, and the one thing they all have in common is the market ALWAYS recovers, NO EXCEPTIONS.
     
  5. mikem2000

    mikem2000 Lost Cause

  6. longnine009

    longnine009 Most Exalted Excellency

    Thanks Mike. Here's another NO EXCEPTIONS: everything does until it doesn't.
     
  7. mikem2000

    mikem2000 Lost Cause

    Its an odds things. Why bet the hard 8?
     
  8. longnine009

    longnine009 Most Exalted Excellency

    I'm not betting either way; I'm just here to make fun of it and laugh at the excuses-- rising bond yields and interest rates. Really, they just noticed that?
     
  9. Mr. Flute

    Mr. Flute Well-Known Member

    Yep. The Dow is still at a historic high and even ~11,000 points higher than the pre-2008 meltdown peak. And if you invested at the Great Recession low, you're rolling in it, so to speak.

    So...relax
     
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  10. mikem2000

    mikem2000 Lost Cause

    Longnine, everyone "bets" with their financial future even if they do nothing. No matter what your choices (and doing nothing is a choice) has both risk and possible reward.

    BTW, I also find it comical about the excuses, we have known about the rising bond yields for quite some time, so what makes this week so special???
     
  11. longnine009

    longnine009 Most Exalted Excellency

    I don't know either. It's not like the world has a lot of sane choices as to where to put their money, aside from PM's, IMHO.

    That wall is looking mighty tall. Maybe Elon can use his creative genius, and taxpayer dollars, to build motorized pogo sticks?
     
    Last edited: Oct 11, 2018
  12. longnine009

    longnine009 Most Exalted Excellency

    Last edited: Oct 13, 2018
  13. Clawcoins

    Clawcoins Well-Known Member

    Well, finally, it'a ll rushing back. A big rush back into "safe havens" is occurring
    upload_2018-10-23_8-34-27.png

    upload_2018-10-23_8-35-6.png

    upload_2018-10-23_8-35-36.png

    upload_2018-10-23_8-36-2.png

    US STOCK MARKET FUTURES
    upload_2018-10-23_8-36-27.png


    US DOLLAR INDEX - even though the dollar is still strong, the market is shifting due to upcoming profit pressures. Euro, Asia all having issues
    upload_2018-10-23_8-37-38.png
     
  14. Santinidollar

    Santinidollar Supporter! Supporter

    3M and Caterpillar results didn’t please Wall Street this morning. We may be — or have passed — the peak of this economic cycle. China tariffs ain’t helping, either.
     
  15. Clawcoins

    Clawcoins Well-Known Member

    Yeah, I was just reading about 3m and Caterpillar. CAT was my economic bellweather tracking stock decades ago before China started constructing everything before the their Olympics. I was wondering how long the China market surge was going to last. I had pulled out most of my Mutual Funds accts into Cash type accts already as it looks like we're on a downwards trend. So kinda hoping it keeps trending downwards for a couple more weeks before I reenter.

    Maybe McDonalds will pull the market up ... lol
     
  16. Santinidollar

    Santinidollar Supporter! Supporter

    If McDonalds doesn’t pull the market up, it will still pull on your stomach. I’ve been trimming my holdings to the core, although I added a small position this morning.
     
  17. longnine009

    longnine009 Most Exalted Excellency

  18. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    I feel it is the wrong time to make major changes by buying stocks on the downslide for the next 3 weeks or so. Selling bullion on the upward movement seems much safer than buying more expecting it to continue to $20+. If it did , it would be a bad thing, a very bad thing, IMO.
     
  19. Santinidollar

    Santinidollar Supporter! Supporter

  20. Clawcoins

    Clawcoins Well-Known Member

    I don't buy on the downslide.
    I watch, analyze over and over the global markets and identifiers before I reenter, which usually is during an upslide.

    Of course, I've gotten out at the wrong times too and the markets have kept climbing. And the opposite has happened too. Of which then I recognize my mistake and reenter/reexit the markets.

    Can't be 100% correct all the time but it certainly makes me sleep better at night.
     
  21. mikem2000

    mikem2000 Lost Cause

    I would not be trying to time this equities market. There is just too many balls in the air on this one.
     
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