Silver getting crushed today

the tax plan will either hurt PMs or help them. watch for a move.

 

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When does that get unveiled?

 

JUST DID............... BROAD BRUSH.......BIG BUSSINESS LUV IT...

 

Geez .. one page.
http://www.marketwatch.com/story/full-text-of-trump-administration-tax-reform-principles-2017-04-26

that was a very short presentation.
No detail
to be hashed out in May apparently.

 

of course, we also tested an ICBM in the south pacific ... good for nerves and PM prices.
http://www.cnn.com/videos/politics/2017/04/26/icbm-test-launch-south-pacific.hln

 

We're still at $17.50 despite the Tax Plan and ICBM test. I'm going to see if I can procrastinate on the project I am working on for the rest of the work day. Hopefully IT doesn't check what's on my computer screen which is this Website and a few bullion ones.

 

I never look at the price when deciding whether to buy. I buy when I have spare FRNs. In the long run it will all even out.

 

UPI says it was an ABM test.

http://www.upi.com/Defense-News/201...listic-missile-from-California/9621493222002/

If that was intended to calm our wallstreet heroes who "leap tall buildings in a single bound", they need to get a life. They've been doing ABM tests since the late 80's-nothing new. And if it was a demo for North Korea, then it doesn't even matter whether it was an ABM test or an ICBM test. The MAD theory only works if your enemy is sane. Or did I miss something about porcupine boy?

 

Thinking about silver price reminds me of when I was in graduate school in 1970 or so. We were doing a lab experiment with silver nitrate and I showed another graduate student how that if you put copper into a silver nitrate solution it will cause pure silver to precipitate out. He went nuts and collected all the excess silver nitrate from the students and recovered the silver using copper pipes as the copper source, he pooled all his silver and melted it in a porcelain dish to make a slug weighing two ounces. I congratulated him on making $4 worth of silver.

 

It's another new day rising ... or falling ..

 

We're going even lower, stock market might go over 21,000 today though.

 

I was watching the movie, The Titanic ... ironic correlation ...

 

Nasdaq at a record high, Dow again trying to stick above 21,000, 10-year yield unable to hold 2.3 percent. PMs, in that environment, could have been a lot worse this week.

 

I'm just going to sit back for awhile on the buying silver. Actually want it to tank now so I can re-up later.

 

I am waiting as well. Down so far today

 

Cash is the best place to stick .. well, cash !!
PM only allows you to transfer cash wealth into a fixed "PM" wealth. As when you need that cash back, you have to sell that fixed PM wealth back into Cash. Cash makes the world go around ...

that is .. until PM's tank and people buy up ... LOL

 

When you look at the chart you posted, we again see the hours when the NYMEX is open carrying the day. While we in the U.S. are "off the clock", Sydney and Hong Kong are not playing along; they tend to drift back up. Even London is iffy. The New York market is where the downward action is.

 

how is this posible.

 

That's a pretty complex question. Who Knows?

 

How is what possible? There's not much that's puzzling here that I can see.