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bwaaahhhaaaa
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bwaaahhhaaaa
every armchair investor I know (present company excluded due to lack of funds) piled on into silver (SLV) thinking it's gonna go to 80 as that louise yamada broad predicted. "they" promptly raised the margin requirements on buying SLV presumably to dampen excessive speculation and it dropped like a motherfucker all the way from 48 to 36. hahahhaaa...like they say, bulls make money, bears make money but pigs get slaughtered.
PS: what's with the nitwitty female reporters/anchors having mini orgasms over that royal couple visiting US? mass communication degreed slags.
PS: what's with the nitwitty female reporters/anchors having mini orgasms over that royal couple visiting US? mass communication degreed slags.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: bwaaahhhaaaa
The summer months are usually bad for precious metals. Plus the technical picture was extremely bad. Gold might drop to around $1450 or even $1400...if that happens, I'm going to be a buyer.
I think silver could be accumulated as well...BUT NOT FOR TRADING PURPOSES.
I think silver could be accumulated as well...BUT NOT FOR TRADING PURPOSES.
Re: bwaaahhhaaaa
desis with women at home usually have some (in some cases LOT) of exposure to the real metal gold. why buy more?
also silver suffers from oversupply. I dont get why ppl are buying it. it's like buying pets.com stock coz amazon.com is trading at 400/share.
also silver suffers from oversupply. I dont get why ppl are buying it. it's like buying pets.com stock coz amazon.com is trading at 400/share.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: bwaaahhhaaaa
Propagandhi711 wrote:desis with women at home usually have some (in some cases LOT) of exposure to the real metal gold. why buy more?
also silver suffers from oversupply. I dont get why ppl are buying it. it's like buying pets.com stock coz amazon.com is trading at 400/share.
I disagree with that analogy. I think Gold/silver are a hedge against paper money. By gold/silver, I mean solid assayed bars of gold/silver...not jewelry. I get them at www.apmex.com. I don't have any affiliation to the site other than being a happy customer.
Consider this. If oversupply is your argument, then help me reconcile it with the massive oversupply of fiat currency, which can be done with a click of a button.
Precious metals offer 0% interest. However, when you look around and find every investment asset offering NEGATIVE REAL RETURNS, then 0% sounds pretty lucrative.
Re: bwaaahhhaaaa
I dont agree but also dont disagree strongly abt oversupply of fiat currency, QE1, QE2 and proposed QE3 (japan?), norwegian cruise lines etc etc. all am saying is, you dont all pile into an overbought commodity when there's plenty of supply without much controls on production
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: bwaaahhhaaaa
I would also like to point out that Gold has been an extremely good indicator to the direction of the stock market.
The fall of gold/silver indicates liquidity is tightening...most likely, due to central bank tightening in China / India. This is NOT good for the stock market.
My suggestion would be to liquidate all risky / frothy stocks and get into cash.
The fall of gold/silver indicates liquidity is tightening...most likely, due to central bank tightening in China / India. This is NOT good for the stock market.
My suggestion would be to liquidate all risky / frothy stocks and get into cash.
Re: bwaaahhhaaaa
oh I think stocks are gonna drop this year, any moment now.
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: bwaaahhhaaaa
Gold prices have always dropped 10% or more before intermediate market tops and rose sharply before market bottoms.
Basically, I feel at this point, the risks are to the downside. Not worthy playing long. I'm OUT!
Basically, I feel at this point, the risks are to the downside. Not worthy playing long. I'm OUT!
Re: bwaaahhhaaaa
yeah, when i saw 75K for silver here, my eyes popped out. obviously, a bubble was building up and it had to burst. 25% drop in about two weeks. does this mean JP morgan makes a killing? hadn't they short sold silver?
Another Brick- Posts : 1495
Join date : 2011-05-02
Re: bwaaahhhaaaa
that's a fast drop..they say the fastest in 4 yrs. it's surprising how a little margin requirement increase in silver caused a lot of leveraged positions in other commodities notably oil to unwind so fast. this is starting to look awful lot like early 2008...
Propagandhi711- Posts : 6941
Join date : 2011-04-29
Re: bwaaahhhaaaa
i gather all my stock market knowledge from news items and articles and it is easy to influence my opinion. what do i know? but if what i have read recently is true, we are in a bear phase that will take months to reverse.
uppili, i offer you a coconut and rupees 101 in daskhina, but tell me if the dreaded R and D is just around the corner.
uppili, i offer you a coconut and rupees 101 in daskhina, but tell me if the dreaded R and D is just around the corner.
Another Brick- Posts : 1495
Join date : 2011-05-02
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