Silver getting crushed today

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

  1. Santinidollar

    Santinidollar Supporter! Supporter

    Timing equities markets, I’ve found, is usually a losing proposition. The only thing I’d say here is that if you want to open a position, do it in increments. That’s a good move in up times, absolutely vital in these turbulent times.
     
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  3. Clawcoins

    Clawcoins Well-Known Member

    Absolutely Correct.

    I don't recommend other people do it.

    I've been doing a long time ... and that was essentially part of my major in school several decades ago ... so I'm comfortable following the global markets and making moves at certain times.

    So I'm all good .. that's the reason I had already pulled out.

    At this point, technically, in ways an entry is already a "win". If ppl do nothing and ride out this market that means they have to go down before they go up. I've already skipped part of the down so let's say I jump in now (which I'm not going to do). I've already skipped the down and if I bought the same stuff I got out of I'll have more shares, and thus the "up" will be better than if I just held; irrelevant of how much farther it goes down.

    In the past couple years I've refined my trending analysis adding political and .VIX to it. In the past I added incidents like Greece to it, etc etc. All varying dependent upon individual stocks/market segment, vs funds, etc.

    But it's all just fun and games :)
     
  4. longnine009

    longnine009 Most Exalted Excellency

    [​IMG]

    Heeeeyyyyy, it's the happy anniversary of the Big One ehh? I wish I could find a silver round or bar that commemorates it. I seem to recall that there is an Art Bar commemorating Black Tuesday. I'll have to check my Art Bar book.
     
    Last edited: Oct 24, 2018
  5. Clawcoins

    Clawcoins Well-Known Member

    Oops

    smackdown today in the equities markets
    upload_2018-10-24_16-15-51.png


    with a strengthening US Dollar Index
    upload_2018-10-24_16-16-28.png

    silver down 7 cents
    upload_2018-10-24_16-17-5.png

    Gold is up slightly $2.20, contrarian to the Dollar Index
    upload_2018-10-24_16-17-40.png

    and my favorite Platinum down $3. I nearly bought some when it was in the mid $900s going down. LOL but the seller wasn't that motivated to sell .. it's been going down since too.
    upload_2018-10-24_16-18-45.png

    I knew I should have bought those contrarian funds a week ago.
     
  6. longnine009

    longnine009 Most Exalted Excellency

    Oh deary, unicorns aren't so frisky lately. Maybe they need some zombie love from the Fed?
     
    mikem2000 likes this.
  7. Clawcoins

    Clawcoins Well-Known Member

    [​IMG]
     
  8. longnine009

    longnine009 Most Exalted Excellency

    They should have named that zombuck Peter after the Mint mascot who got consumed by a mint press flywheel.
     
    Last edited: Oct 24, 2018
  9. fretboard

    fretboard Defender of Old Coinage

  10. mikem2000

    mikem2000 Lost Cause

    The Wall Street Gods giveth and taketh away. That is the way it is now and has always been. Nothing new to see here.
     
  11. longnine009

    longnine009 Most Exalted Excellency

    More like a rendition of Gollum and Smeagol: "everyone hates unicorns."

    " no, no, don't listen..."
     
    mikem2000 likes this.
  12. longnine009

    longnine009 Most Exalted Excellency

    You know the first one who develops a schizophrenic AI computer for forecasting wall street may end up ruling the world.
     
  13. Clawcoins

    Clawcoins Well-Known Member

    is that like the Robotic ETFs that they have?
     
  14. longnine009

    longnine009 Most Exalted Excellency

    There you go, a schizophrenic robot. This is Gollum I have the bridge, sell, sell, sell. No, don't listen, this is Smeagol, I have the bridge, buy, buy, buy....
     
    Last edited: Oct 26, 2018
  15. longnine009

    longnine009 Most Exalted Excellency

    They could even have an AI retro robot of Jesse Livermore walking around with a pair of barber shears: "who needs a haircut?"
     
  16. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    And we still haven't reached Halloween yet!
     
  17. longnine009

    longnine009 Most Exalted Excellency

    What wallstreet needs is: Happy Voices In Your Head Pride Week. Then the dow might go up a thousand points a day for the whole week.
     
  18. Santinidollar

    Santinidollar Supporter! Supporter

    Not until after the elections and probably not until progress is made on tariff negotiations.
     
  19. longnine009

    longnine009 Most Exalted Excellency

    I love the smell of political punji sticks in the morning.
     
    SLACKACTION likes this.
  20. Clawcoins

    Clawcoins Well-Known Member

    Today,
    real quick ... Market is down and PMs
    upload_2018-11-9_10-5-29.png

    PPI, which is the "news" today is as the economic indicators are pointing up to inflation. They calculated .6% instead of the estimated .2%

    although the Fed "expects further gradual increases in the target range for the federal-funds rate" they did leave rates steady at 2-2.25%

    US Dollar Index is UP
    upload_2018-11-9_10-6-1.png

    and all this is driving SILVER
    upload_2018-11-9_10-10-5.png

    and GOLD
    upload_2018-11-9_10-11-5.png


    Man .. I might just have to use my CreditCard to get me some PMs and pay it off as my monthly cash surplus went to fix stuff. LOL

    @abuckmaster147 @LA_Geezer
     
    Randy Abercrombie likes this.
  21. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    CLAW I purchased some morgan dollars and there was a gold coin involved never owned any gold so I am CLAWLESS... except for some quick research..it is a 2 1/2 dollar 1906 bout the size a dime or so. liberty head one side...book says collector ask 225.00
     
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