Precious metals

I don’t think so. Due to whats happening now and will continue, it may stabilize PM prices or keep in the 14’s best case scenario. At $9 for silver, it would take 2-3 years by my guess if markets in good health. I bought mine in 15’s and 16’s.

 

YES!!! WITHOUT A DOUBT!

 

Ok hard to explain, you have to read everything I've been saying....

Stock market has been the best investment through about 2000 then they started the pump and dump.... We are starting the dump phase.....
There is unlimited amount money and stocks, we will never run out of stocks or money but there is a finite amount of PMs especially silver....
Fiat money always fails in 30 - 50 years, we are in year 43, fiat money looses value over time,( your old house is not going up in value the money is going down) so it takes more money to buy the same products....
They are trying to hide the fact that PMs value is actually going up because the dollar is loosing value....
So they have created a reverse bubble in PMs prices by naked shorting PMs... Like selling 1-4 years of production in 1 day with no silver to back it..
They are leveraging PMs 100-200 times in the market..
They have out printed the gold reserves by 50 times... So to have a gold standard the price of gold would have to go up 50 times....
Population has out grown PMs supply
They have wasted 99% of silver ever mined and it is not recoverable....
But they still have 95% of all gold....
They have 100-1000 directives for every real hard asset...
No digital investments are real... You will never receive an actual stock that you can hold in your hand and no proof of ownership....

Bottom line is the western economies are in trouble and about to crash...
I'm betting that they can't fix the price of PMs for much longer and the fake digital scams will break down...
If I'm right PMs will skyrocket to their real value at the same time the inflated dollar will collapse or be revalued lower...

Any financial adviser that knows anything will tell you to have 5-10% PMs in good times, but these are bad times and going to get worse...
If it was going to rain you would buy a rain coat, same thing here the dollar is almost done and PMs are our rain coat....

PMs are just 1 real hard asset that you can buy with no counter party risk to protect your wealth for after the crash....

 

Okay then I would respectfully disagree with that. You won't even see 10,000 and should cover your shorts when the correction is over.

 

Which price the real price or the digital price.....the fake price can go to 0 to buy real silver it's bottomed right now.....
So if you are trading slv hold off, or go in a little at a time, but I feel it's almost bottomed out, may drop lower to January or so....
If you are buying real silver buy now and stop messing around... you need to get what you can now.... Phiscial prices arn't going down any more so just buy some every month....
Silver is in short supply and when the big boys decide to play it will be hard to get....

 

Ahhhh, its all cool. Were all entitled to our own opinions.

My belief is that this not a correction. And yes, I am saying this bear(recession/collapse) market will bottom under 1000 in the DOW eventually. I know it sounds crazy.

 

Absolutely and I will respect yours even though I disagree. My thesis is that every stock has a fundamental "book value" which is priced below the usual value of a bid/ask and that figure far exceeds the DOW at 5,000. Therefore I feel based on thier balance sheet and hard assets alone you'd never see this retracement unless they replace the Dow names with stocks priced solely on earnings and future earnings like a Netflix or Alibaba or the soon to be priced Uber.

 

Just FYI there is no use arguing with the PM guys in this thread. They only see what everyone else can't see .

BTW If China is launching this attack why are they letting millions of their own people lose their life savings and contemplating going back to a more centralized economy. A centralized China would strengthen the dollar as Chinese speculation disappears. Just a thought.

I'm back out for now. I enjoy reading this. It's a fun thread to lurk.

 

We will either go to a fake gold std or just revalue the dollar lower by 50%....
http://www.goldcore.com/us/gold-blog/gold-at-64000-bloombergs-china-gold-price/

You don't have to agree but this is a PMs thread so we will see who's right....

Check the gold vs dow chart for 10 years and see who's right and that is during a fake stock market and price fixing gold and it still out performs the dow....

When PMs fix is broken it is going to be crazy.....

Or like I keep saying if you don't agree go buy apple and call it a day......

 

I respectfully accept your disagreement.

I’m no financial expert. I just know what I know. I still stand by the numbers I estimated. We will have to wait it out and see. So far the trend is downward, well past the 10% correction. About 20% its bear, although I have heard some say 20% is the correction. Of course this is after it passed the 10% correction.

 

We can't be reasoned with, but when are proven right give us props.....
Just trying to help...... your stock broker doesn't care if you loose your a**

 

Today was interesting, early buying at a discount driving the market up, with more folks cashing out before the close.

I believe in Keysenian economics and market timing with a midrange buy and hold strategy. I have been stable for a number of years and a move back into the market is coming. Timing is everything.

Howard

 

I don't have a stock broker. I don't play stocks directly. IMHO that's a rich mans game.

I play in currency markets and most of my investments are placed in a variety of managed funds to spread out my risk. I'm young and playing the high risk game isn't worth it for me. I've made over 10% each year just doing what I'm doing, and I'll keep on doing it.

Just FYI if you're interested it looks like up here gold production is rolling back due to the low prices.

 

I should also mention that just in undeveloped resources Canada can cover it's currency easily. The situation is not the same as it is in the States.

The Oil markets is BS. Gasoline is no longer a commodity, it's a product controlled by an oligopoly. Tracing it's value compared to oil means nothing.

 

So true. I have ZERO doubt in my estimations and decisions.

 

I know and I appreciate hearing different points of view. The free market is made up of buyers and sellers. Otherwise the prices would never change

 

I absolute will if that does happen. I don't mind a spirited debate and realize this is the pro PM thread so I will bow out at anytime if it seems my points are argumentative.

 

This why mining stocks are bad right now they are all loosing a ton of money....... But the cycle is almost complete.....
Demand is staying constant and going up and now supply is going down, so how does the price go down?????

 

Silver is one of those thinks that breaks most of the rules, but as you learn about money and what PMs are they make more sense.
And when you start learning what our GOV is up to it makes them a way to fight back....
And when you learn what wall street is up makes you want to abandon the system.....

Everything goes in cycles and stocks are starting to tank so you have to look for the next investment....
A good one is PMs, mostly silver and they are low, buy low and sell high....

I'm open to other idea's though.....