The crash/correction the "experts" have been talking about may have come. Though I have an uneasy feeling, I feel so much more secure with my stack beneath me!
This may be the crash in precious metals. I would love $8 silver...could pick up a nice bunch of blobs at that price. .
If I had a 1oz kook for every time something like this statement was said I would have a ton of the stuff :lol:
No you wouldn't. There's always been plenty of hyperbole that is ignored, but look at global markets now, the fear indexes, and the general attitude that is beginning to permeate through to the general populace. Markets live and die on sentiment. And sentiment is changing.
Of course not, no one (in the scheme of things) cares about PM's. Gold is pretty decent in AUD though.
I have one stock that went up today, and a handful of flatlines in a sea of red; so go Cleveland Mining! (God knows why).
I've been waiting for the correction so I can buy on a discount. I'm looking for a little bearishness for a few months so I can load up on some assets before Xmas
Headline: VIX explodes above 55 , then settles at 33 lol. OMG a twit call Mannarino i follow on youtube always say get in on the VIX and had anyone followed him they would have BEEN POOR YEARS AGO, yet this thrust will be enough for him to say HE WAS RIGHT and so begins his legacy. Yet had anyone listened to him they would be bankrupt and i know i am gona go to his page today and he is going to say he made a bundle yet he should be broke if he had taken his own advice. Does anyone else know what i am talking about? These twits that make claims , that if followed would make you poor, yet when is is applicable they claim they are gurus.
Kind of funny today at the gym hearing the old retired guys complaining about their stocks, mutual funds, etc losing value. One gold guy was telling everyone to buy gold (maybe not all of them are sheep?). I guess they think the stock market only goes up magically? With the Fed artificially keeping rates at ZERO for many years, thus herding the sheep into stocks, I can understand a bit why they are surprised (even though I am not). The real smart money will be cashing out now or already have. By the time the sheep wake up, we might be much lower. Although I would not be surprised to see the market fully recover here. I sort of think the real big drop is coming a bit later. Just my opinion. Jim