Silver getting crushed today

And this is the nut. Most folks into bullion in one form or another are interested in making money.

Hadn't seen SA but don't follow the gold miners in all honesty. I've always found the most leverage with penny silver miners. You can find both at kitco.com and kitcosilver.com resp.

Right now I'm riding Silvercorp, Santacruz, Tinka and Aurcana with momentum plays. We had this same brief run last year and it was delightful. Nothing like the Big Bonanza from 2002-2011, nor the late 70's but hey, if it works . . .

take care,

peace,

rono

 

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I have always wanted to invest a very small amount to play with but never knew where to start. I guess thats why I stack!

 

If you just want to "play" I recall there are sites where you can "fake" buy/sell things to see how well you are acclimated to investments. You can just also do this with pen and paper too just add transactions charges and any appropriate fees.

 

Well, I'm not that new to the world of investing. And, in the interest of full disclosure, I've held stocks all the way down to zero as well -- not much chance of that happening with silver. (Heck, I can always spend it and get back 3-4% of my initial outlay. )

I view PMs as mostly speculation, not investment, partly because of my experience in this decade (and what I watched around 1980). The same has been true for some of my stocks -- but the solid ones, with healthy dividends, those are investments.

 

Never regret an investment profit. A 100 percent gain like that ain't a common occurrence.

 

IMHO, Amazon, Apple and Facebook should be in most portfolios, especially younger investors who aren't necessarily looking for dividend income. Start accumulating now!

 

Even after the most recent runup, Apple's annual dividend is 1.77% -- a nice bonus over the base performance.

 

Well When I say play I mean learn I guess you never invest anything you do not want to loose right? So it would have to be play money, LOL I just do not know how to start. The wife has one from work . But I do not want to add to her's.

 

I see Silvertowne is having a 5 oz bar sale this weekend free ship. I have bought a bit from them also.

 

right after the price jumps. and people fall for it every time

 

Articulation is a beautiful thing. Tangible assets versus fictional numbers made out of near worthless paper and based on absolutley nothing. Like I said, they'll be lots of divebombing off of rooftops as the imaginary paper pushers/investors realize they have nothing when the confetti and the hoopla created out of thin air disppears.

 

The Rapture of the Gold-Bugs, straight from the Revelation of St. Andrew (Jackson).

 

I wonder if any of them would dive off from rooftops if someone stole all the shiny?

 

Tommy, perhaps you believe this, but every day people, maybe hundreds or thousands ( including ;dealers'), sell their silver, gold, platinum and other bullion for that very paper you mention.The question is always ~ how much??, extremely few say "Not at any price". Offer $35 per ounce for silver and you will have a basement full.

 

This reminds me of how the Christmas lights on my tree end up tangled amongst each other ...

 

I came across one of my older threads this morning, from September 2011:

Somebody pulled the plug on PMs again...

It's mostly talking about a ~5% intraday drop in PM prices, at least at first, without mentioning specific levels. In the second day of the thread, someone talks about silver dropping from $36 to $35 in less than an hour. Later that day, "down to almost $32" -- tripping dark mutterings about "manipulation" -- then a comment that CNBC folks were talking about buying in the $29 range.

Then, a few days later, an observation that it had bounced back up to $27, some technical-analysis reasoning about why it should stabilize back around $30, and a comment or two about backing up the truck if it ever went back below $20.

Just a friendly reminder about the danger of looking at pricing trends through a microscope, instead of taking the wider view -- and another reminder that the wider view isn't available, because you can't see into the future.

 

did any one comment on what made the run up to the mid 30s and more to begin with ?

 

This was on the way back down from $42-43 late in the summer, and $48+ earlier in the year. All that discussion was already long past -- the usual "helicopter money", "printing presses", "paper returning to its natural value of zero", yadda, yadda, yadda.

Even if it's rational to think PMs should be more expensive, the market can remain irrational longer than we can remain solvent. Or, for that matter, alive.

 

Looks like Super Bowl Sunday lifted Silver

 

Cute and point taken. I just see the world today as very full of 'nothing'. Piles of nothing built of houses of cards. I realize many have gotten and will continue to gain great strides of wealth and that largely, that's how it always has been. However, is our 'Walmart style' of generating supposed value out of nothingness, I suspect the ride will soon be over for everybody. Wild swings, frozen stagnant labor rates from 1965 coupled with outrageous costs of living, ever rising profit margins, supposed value out of little that is tangible have to end in a bad crash. I know that those with the most to lose don't like hearing it and they believe everybody that doesn't think like they do has to be crazy but there are many 'crazy' people that actually generate the wealth in society and they aren't reaping the benefits of their wealth. Somebody else is. That HAS to end in disaster, and it will. Call it what you like. When it crashes, it'll crash harder than anybody has ever seen. Grab the umbrellas and duck the falling 'formerly' wealthy bodies edging off the rooftops and behold the rest of us who are already used to the carnage that the big boys created. Their paper will be the equivalent of Zimbabwe's currency. Frankly, I think that's when the rest of the world might actually be able to reset itself and reformulate our smoke and mirrors nothingness into something tangible for those that actually generate the wealth through their ACTUAL hard work (not the 'hard work' referenced by the the suit and tie, Limo driving, jet setting blowhards of past days). Frankly, it'll be refreshing and I look forward to the crash that is inevitable. We need the reset. Everybody does.