Japans rebuilding efforts will suck up resources like there's no tomorrow so we needn't think we're in for hard times. I think it will be the exact opposite.
Well, given all the bad news I just had to check on my silver investment. I've checked and checked again. It's all there, still weights the same and occupies the same space.
I'm still in. Not enough to worry me even if it went to zero. In fact if it crashes further I'll start buyng more of everything. It's true that getting out allows buying more later but can't be stuffed
I'm basically back to where I started a few months ago. Slightly ahead still but not in any significant way. As long as I'm not losing by too much I'm OK, I still think there will be a point where the market will really go for gold/silver stocks.
It's interesting watching the AUD and silver price move about. The falling AUD has cushioned the drop of silver somewhat.
AUD down to 98.8c, and silver is down $1.24 in USD trade. Hmm industrial demand speculation dropoff? Next few days will be interesting. Folks might get their "dip" after all. Calling "Black Swan" on Japan - someone mentioned it yesterday on here.
ZH is calling black swan on JPN. I work for a Japanese company and let me tell you we have heard nothing but positive news from head office, clearly a /face saving exercise.
What's the worst case scenario here? A retest of 30? 20? I feel lucky I got my core position at 25ish..
Its ironic that all the inflating the money supplies that Japan and America etc are doing causes greater liquidity (read that causes market instability), and the solution to the instability is more of the cause.... probably not now, but eventually the entire global market is going to have another caniption fit... after we get out of this mess with the markets and Japan - i am going to seriously consider increasing my physical precious metal holdings to 40% of total capital.
*raises hand* I think the term "black swan event" is overused, but I think this could be genuine. The criteria for such an event, according to Taleb, are: 1. The event is a surprise (to the observer). 2. The event has a major impact. 3. After its first recording, the event is rationalized by hindsight, as if it could have been expected (e.g., the relevant data were available but not accounted for). Ticks in all 3 boxes there. Especially box 3. Nuclear power plants in a known earthquake-prone area? wtf?
It's the delay that is the worry. Austerity first, then Bull Run. Question is how long is the austerity before the run.
To be sure, it needs to be audited and verified. Just give me your address and stack location, and I will audit it for you at minimal cost.
If I was JPM this would be the perfect chance to drive it down. There isn't much on the side lines to rally with them, because of the earthquake in Japan and stocks worldwide taking a beating. Slam
hmm i recon talk of Tokyo evac is a beat up.... http://www.sibch.tv/share/contents/livecamera/ekimae.html Shinjuku station... (i've been there)... pretty much center of Tokyo... people shopping/catching trains/going about their business/ cabs / etc... ie normal busy city shit. hmmm
Damn silver is taking a beating to. Down $2.15. AUD is down to 98.3c and still dropping. Will be an interesting week.
