Black Monday, October 21st 2012
doublelongdaddy;513554 said:
Word from who? I'm studying Economics and i'm not aware of anything that will spook the market more than usual.
Infact European and UK stocks are pretty steady.
The markets will like remain subdued but unless something major comes out of the US then there aint much happening (by this i mean a fall greater than 2%).
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rakas;513693 said:
It is really not doing what I thought it would. We have 45 minutes left in the NY market and Silver has been up all day
Well, I am happy I picked up the 300 ounces at the lower price. If timing works with these predictions we could see a massive drop into the mid twenties and a rebound close to $40 at Christmas. There are a few things at work here, first the USA is electing a new president so the power that be are trying to make the dollar look as good as possible, Obama's success depends on it. Next we have the Gold and Silver season opening in the next weeks for Indian purchases of Gold and Silver. Most notedly China is becoming a big source in stacking physical...they are purchasing more the the US right now. All the short contract that will hopefully be paid out will have a very hard time if we see a drop in PM's. I would really like to stack a monster box of ASE's but this will only be possible at sub-30's. In the meantime I am picking up junk here and there.\\\\\\\Keep Stacking!
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DLD, can you point me in the right direction to learning how to invest in silver and gold. I've seen you talk about it on here before. I'm looking for easier to understand info (as easy as it can be while still be informative). Also, is there a website you buy through? Thanks
doublelongdaddy;513728 said:It is really not doing what I thought it would. We have 45 minutes left in the NY market and Silver has been up all day
Ah, well i'm not sure about individual commodities so the Yahoo guy could be right. I was referring to the indices in general (Nasdaq, Dow Jones, FTSE).
Checkout this thread for more specifics re: Silver purchasing http://www.mattersofsize.com/forum/showthread.php?66692-Great-Time-to-Invest-in-Silver!
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rakas;513888 said:
I have only interest in PM's, I have been very on point in my previous predictions, unfortunately I could not take advantage of the advice I gave in May. I base all of the predictions I make (fuck, let rephrase that
I base everything I do on Nash Theorem and I use extreme deductibility in addition to pattern algoritHydromaxs recognition. I have always been very good with mathematics in all areas. I have a very keep sense of observation and I deduce on strict, rigorous systems that allow a more clear, more obvious definition to the pattern and what will happen next.History repeats itself. I can not stress this enough so I will retype it!
WHen your government is buying back your coinage it is time to start hoarding as much as you can. Not everyone can stack Gold, shit, it is even hard for some to stack Silver so start stacking Nickels and Pennies. Roosevelt bought back the Gold, Johnson bought back our Silver in the sixties, Penny's in the 1980's and now, we are on the cusp of losing the nickel! If our government is buying back the nickels, start stacking them. Silver and Gold have very important properties but without Copper, Zinc and Nickel a battery would not be possible! We are moving from electricity into batteries, this is done out of convenience but soon, I fear electricity may not exist in it's present form. If this be the case the price of every element will skyrocket. A Morgan Silver Dollar has a one dollar face value with a 32.00 melt value! A $50 piece of Gold has a $1700 value! A penny has a 3 cent value and the nickel has a 7 cent value.
There is no risk in trading your fiat currency for coinage! Convert as much cash (paper, or fiat currency, dollar bills) to Nickels and Pennies that can be bought at face value today. Build a big ass vault and start stacking! I guaranty if anyone quotes this sentence in 3 years: pennies and nickels will trade at 16/1 or better! Let me make it very clear so no one can say I did not. In the year 2015 nickels will be worth 80 cents and pennies will be worth 16 cents. Anyone who takes advantage of this information today will greatly prophet in the future.
Look at this historic chart showing the behavior of GOLD over the last 50 years, do you see a bubble? I do
Now look at Silver, the bubble is just on the cusp of happening. Silver is extremely undervalued while Gold is over priced. Silver is about to drop to a very low level (it already is) and at I stated, start buying at 31.50 and keep buying even if it drops to $1! Silver, when the true peak happens (not like the Hunt brothers in 81) but a true bubble, silver will be worth at least $80 per ounce.
TRRbogie;513960 said:
That guy was on point!
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