Did you get an update from him telling you to sell? If not then its time to buy. Gone quiet? Silver drops over 1 week... Do you expect mike maloney to have 5 different you tube videos ready to release depending on how the most volatile week since the GFC pans out? HEY STELLA! NEXT TIME YOU ARE HAVING A BEER WITH MIKE WOULD YOU PLEASE LET HIM KNOW HE NEEDS TO SIGN UP TO SS SO HE CAN PM NUKZ AND THE OTHERS WITH REASSURANCE EVERY TIME COMEX CHANGES MARGINS OR THE ECB ANNOUNCES A BAILOUT PACKAGE? CHEERS MATE, THE NEXT BEERS ARE ON ME.
And we get more from the underlings than Mike how? What are we fed? Where he's writing his book? If they want to join us, quit calling people dips and getting defensive because we don't line up to wash Mike's feet...k?
I'm with you on this. I really don't think silver is the right investment class for us anymore. Thankfully there are other options out there, I highly recommend we quit following Maloney and start listening to Billy Joe. He at least doesn't hide in the mountains like MM. Enjoy: [youtube]http://www.youtube.com/watch?v=QfxFV_bhdXI[/youtube]
The recent plunge is due to banksters silver manipulation NOT because driven by real free market demand. No one knows if those banksters decided to sell out their paper positions or COMEX decided to AGAIN raise silver margin requirement! Not Mike Maloney, Not Bob Chapman, Not Dave Morgan, etc... Unless you are one of the insider, but then if you are... you won't be coming out to public and tell everybody, right?
I'm sorry, I should have clarified physical holders, like the ones selling back their physical to maloney in the video...yo
Why are people so quick to point the finger? I'm pretty sure Maloney actually mentioned this dip in his "Case for Gold to $20k" video. He said he expected to see a deflationary scenario FIRST and this is what we are seeing isn't it?
To those questioning Mike's integrity as he also sells precious metals, those selling bullion make their money on the margin spread between buying and selling, so whatever it sells for to them is fairly irrelevant as they make their small profit from each transaction regardless. A number of forces collided to bring the price of silver back... short term rising US dollar, panic selling in the paper silver and gold markets as people over-leveraged also needed some cash to make up for their stock portfolios tanking... factor in large margin hikes at both Comex and Shanghai and it is fairly easy to see why it happened... I for one had no idea was going to happen as pay little attention to short-term moves in silver as my position was largely set a long time ago starting when silver was still in single digits... but see it for what it is a great opportunity to buy a little more for fun... Enjoy the roller-coaster ride! DrJ
Because the administrator of this website is almost completely uninvolved in stopping people from slandering others etc., most of the posts here are pretty useless. It's a shame, as there could be a lot of benefit...
