where will silver bottom in this correction?

nothing wrong here with this thread.

If you don't like it, don't read it.

as for me, I think that it will clearly go up, if I sell.
or down, if I buy

 

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treashunt ... your post made me laugh ... that's the way I am with stocks!

 

This is even a bigger crap shoot, IMO, than PMs. It isn't the price, which is nothing more than what the last trade brought, but the volume that should interest those in the stock market. Real retail money has been flowing out of the stock market for months now and what's left are the HFT traders, and other traders who have no interest in the underlying economy which stocks are supposed to represent. Unlike metal, the stock market is completely electronic and you could see a significant drop in just a few hours.

I hope your sense of humor is a very good one.

 

fatima,

actually i find almost any type of investing sort of like gambling ... there are no sure bets ... and it's always the thing that nobody talks about or knows about that ends up biting you in the butt ... i think most of us just try to make the best bet we can ... and try to spread our risk around

but i do agree ... it's a rigged game

just today i was reading how some well connected insiders make a killing shorting silver when they found out in advance that the margin requirements were getting raised

i used to think trading on inside info was illegal .. but it seems to go on all the time now.

 

Oh, it's still illegal. People have been doing it for a long time, and will continually until we cease to exist as a race. As an added bonus, if you know the right people, you never get caught. If anyone you know says they have the stock market figured out, chances are real good they are an insider!

 

Here is another interesting theory about why silver prices are rising. It claims that banks like JPMC and HSBC manipulated silver and gold prices for the Feds.

http://news.coinupdate.com/class-ac...-manipulation-of-silver-futures-markets-0513/

 

I think common stock investing is a fairly interesting intellectual game that isn't very hard to win if you learn how to do it. It's been very good to me over the years.

 

This is a personal anecdote that can't be challenged or verified. I've never known anyone, still in the stock market, admit to losing money in stocks. In any case the #1 mistake that investors make is to justify investment direction on past results. True investors, not speculators, take the time to understand the underlying current fundamentals that can lead to success or failure. Else it's blind gambling.

Unless one is already rich and doesn't care about loses, serious investors don't consider investing a "game" and your comment is nonsense.

 

Ok, I am one. I have lost money on stocks, options, and I have made money on both. Doesn't matter if anyone believes me or not, that is of no concern to me.

I disagree. Often that is the best direction at the time. Sometimes it turns on you so you have to be fluent with changing direction. Such as, is it a good time for someone to enter PM ETFs now with silver and gold so high? There are technicalities that worry some about ETFs, but that is where research comes in. It is almost impossible to enter a trade just when it turns upward. It is usually better ( IMO) to allow it to move a while to assure it has direction and momentum. The #1 mistake in my book is to invest more money than you can afford to lose, no matter how good it looks, and that also applies to PM.

The stock market and all associated financial transactions are approximately zero sum events. There has to be a buyer for every seller and visa versa. The money you gain comes eventually from someone else. It is studied under "Game Theory of Mathematics", so yes it is a game as such.

All IMO.
Jim







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I watch CNBC all day and I can tell you even the Wall Street professionals are clueless. Half of them say the stock market is going to soar, the other half say the stock market is going to crash. Of course that doesn't mean they are not totally convinced they are right.

 

Guys, this has me rolling. Of course I have lost money in the market and money in PM's, corn and pork bellies. Tennis shoes killed me. Real-estate has had ups and downs. As had sports handicapping. It's all timing. And if you are off a few hours or minutes, it can get to be very expensive. At least it's deductible, for awhile yet anyway.

 

Man, I am dumber than a box of rocks, but everyone here knows I got opinions. Lots of em ! lol

 

No argument here!
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Yep, but Lucky. Dang lucky !

 

i'll take being lucky anyday!

 

Well some of those guys are telling the truth, and the others are trying to get others to buy, which will create demand as well as market confidence as the prices rise. then they can cash in, causing the prices to fall again. I dislike day-traders!