Silver getting crushed today

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

  1. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, and I bought some platinum when it crossed to become cheaper than gold for the first time in years, figuring I'd hold it until the inevitable correction. Still waiting. :rolleyes:
     
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  3. Clawcoins

    Clawcoins Well-Known Member

    Zombies do like Platinum ya' know ...

    at least it's shiny and pretty to look at.
    I have some eagles and the 2000 bimetal coin. I guess I technically lost and won with the bimetal.
     
  4. longnine009

    longnine009 Most Exalted Excellency

    Speaking of zombies

    Dow down 798

     
    Last edited: Dec 4, 2018
    Clawcoins likes this.
  5. Clawcoins

    Clawcoins Well-Known Member

    799.36
    it did pip slightly over 800 down just before closing.
    I wonder if it's going to trend all the way down in the 22,000s. I guess we'll see.
     
  6. longnine009

    longnine009 Most Exalted Excellency

    It doesn't seem that institution money is overwhelmed with choices. What are they going to do show wall street by buying Italian bonds? Maybe buy distressed real estate in Paris?

    I did read that bond yields were inverting. Maybe that's bothering the squirrels.
     
    Last edited: Dec 4, 2018
  7. abuckmaster147

    abuckmaster147 Well-Known Member

    Speaking of Squirrels , Earl the squirrel just made a visit to the front yard and the dog chased him up the maple tree!!! Ah yes maples Have to put my 2019 order in soon for my maple,ASE, and Panda I guess.
     
  8. Clawcoins

    Clawcoins Well-Known Member

    I have an allergy Canadian Maples so I can't get no matter how well it tastes.
    [​IMG]
     
  9. Clawcoins

    Clawcoins Well-Known Member

    The 2 and 5 year bonds inverted yesterday.
    If the Fed raises rates this month, the 2 and 10 yr may also invert or be close to it.

    Normally the longer term debt gets a higher return. In this case now the 2 yr bond has a higher yield than a 5 yr bond. So why get the 5 yr?
    If 2 goes over 10 then we have to think about long term debt and how it affect consumers.

    This deals with lending money. In a totally watered down explanation, for an example, you deposit money into a bank at a small interest rate, they then loan that money out at longer term loans at a higher interest rate .. which varies by the Fed's policies. Of course banks deviate using their own formulations but when it inverts technically Long term money bring in less revenue than what they pay you for your short term money, so they lose money.

    The Feds currently hold about $4 trillion in long term securities, which includes over $1.7 trillion in mortgages. Why would banks want a long term mortgage loan when they can make more on short term loans?

    Think of when we got out of the recession .. banks didn't want to loan to anyone. I went so far as to offer a $5k cash collateral to get a $5k loan so I could open a biz acct at a certain bank. I was denied. There was no RISK, 0% as I was going to give $5k collateral for a $5k loan. Go figure, that's how tough it was back then.

    But with short term treasuries yield being more than even S&P annual right now, short term treasuries are the way to go over the general stock market and mid term treasuries. If inversion of the 2/10yr, no ones gonna want long/mortgage backed securities. Of course, the Fed is holding and rolling over all the quantitative easing stuff which would help long term rates .... the Fed is the Fed's own enemy right now.
     
  10. Clawcoins

    Clawcoins Well-Known Member

    I was going to start a thread this morning. The bullion section . umm no .. coin chat .. no. so I held off.

    But Gold can be used to treat cancer. an interesting process
    https://www.smithsonianmag.com/innovation/how-doctors-harnessing-power-gold-fight-cancer-180949436/
    https://www.livescience.com/64234-cancer-dna-gold-new-test.html

    "One surprising approach comes out of research conducted at Rice University in Texas, along with the MD Anderson Cancer Center and other institutes. Oncologists are now injecting cancer patients with ultra-tiny, gold-wrapped spheres. The nanoparticles, each smaller than a red blood cell, accumulate in a tumor after slipping out of the bloodstream through little holes in the tumor’s rapidly growing vessels. Once there, the gold waits—until an oncologist blasts it with near-infrared light.

    Despite gold’s shiny quality, the spheres are made to absorb rather than reflect certain wavelengths of light, a property used against the cancer cells. “We artificially contaminate the tumor,” says Sunil Krishnan of MD Anderson. The nanoparticles convert the light into heat, and as temperatures in the tumor climb above 104 degrees Fahrenheit, the cancer cells deform, shrivel and then disintegrate."


    Jokingly ... I actually craved more gold for a while. Since my cancer surgery and removal I've craved very little PMs. I wonder if that was correlated or not ?

    and when you poop out the nanoparticles .. can you keep them .. you'd have to use a extremely fine strainer :)
     
    Randy Abercrombie likes this.
  11. Santinidollar

    Santinidollar Supporter! Supporter

    Having just finished treatment for lymphoma, that sounds more appealing than chemo agents, most of which trace their origins to mustard gas.:wacky:
     
  12. Clawcoins

    Clawcoins Well-Known Member

    I was hoping all the latest breakthroughs in testing/development would magically be available before anything got worse. That didn't happen but I was lucky nonetheless.
     
  13. Clawcoins

    Clawcoins Well-Known Member

    Should be an interesting day in the stock market
    Silver trending lower too
    upload_2018-12-6_8-42-59.png

    Crypto keeps crashing too.
    I hope all those ppl that converted to Crypto 401ks got out.
    upload_2018-12-6_8-44-21.png
     
  14. chascat

    chascat Well-Known Member

    Dollars are gaining in value? Wish I had more of them.
     
    Nathan401 likes this.
  15. Clawcoins

    Clawcoins Well-Known Member

    This morning the US Dollar Index is going down.
    Here's this morning
    upload_2018-12-6_10-32-34.png

    Here's the last 5 days.
    upload_2018-12-6_10-31-59.png


    YTD
    upload_2018-12-6_10-32-54.png


    I do have US strapped BEP currency in my SDB. But not enough to really matter in anyways. I don't trade Forex and gas prices are falling, bread is steady, milk is up (at least here a bit) so it all balances out. As long as you don't pay any variable interest rates, lease or rent anything (car, house) all should be kinda as it ever was.
     
  16. Clawcoins

    Clawcoins Well-Known Member

    Gosh, and it's not even 11:30 EST yet? usually the big dumps seem to occur in the mid afternoons.
    upload_2018-12-6_11-16-27.png


    Looks like 5/10/30 Bonds are in a leveraged Short Squeeze situation. Watching the live charts/streams.

    I still think 22 something before I think about jumping back in, assuming the indicators don't arise before then. But I guess well see .. at this rate DOW 22 isn't that far off.
     

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    Last edited: Dec 6, 2018 at 11:27 AM
  17. Clawcoins

    Clawcoins Well-Known Member

    All while Silver
    upload_2018-12-6_11-28-49.png

    and Gold
    upload_2018-12-6_11-28-25.png

    is in a horserace situation with Palladium
    or ..
    was ...
    upload_2018-12-6_11-28-4.png
     
  18. Clawcoins

    Clawcoins Well-Known Member

    Today ...
    upload_2018-12-10_10-4-57.png

    US Dollar Index
    upload_2018-12-10_10-5-38.png

    Silver
    upload_2018-12-10_10-6-1.png

    Gold
    upload_2018-12-10_10-6-34.png

    and some ETF flows - NO PMs.
    upload_2018-12-10_10-7-23.png
     
    abuckmaster147 likes this.
  19. Clawcoins

    Clawcoins Well-Known Member

    and some crypto for comparison
    upload_2018-12-10_10-8-53.png
     
  20. EdThelorax

    EdThelorax New Member

    can we post charts? Like the cup and handle forming on silver long term.
    Laugh, it's ok I'm used to it.
    [​IMG]
     
    Clawcoins likes this.
  21. Clawcoins

    Clawcoins Well-Known Member

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