Friday 8% Smackdown
- Thread starter SilverDJ
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shinymetal
Well-Known Member
Call me a doom and gloomer, but I still think the end is near.
"They" are just trying to drive the price down as far as they can before "they" blow it all up.
But I really don't know jack. Just a guess.
I expected these anti trump rallies, and I expect them to get worse over the next month or so.
Just wait and see what happens I guess.
But civil unrest combined with the economy crashing could be used as an reason to put "continuity of government" martial law plans into action, before trump is even sworn in.
"They" are just trying to drive the price down as far as they can before "they" blow it all up.
But I really don't know jack. Just a guess.
I expected these anti trump rallies, and I expect them to get worse over the next month or so.
Just wait and see what happens I guess.
But civil unrest combined with the economy crashing could be used as an reason to put "continuity of government" martial law plans into action, before trump is even sworn in.
Nabullion Dynamite
Active Member
No doom in gloom, its because I made my first purchase in nearly a year yesterday, sorry guys!
Phil_Stacker
New Member
My 2 cents - I think the drop was expected because interest rate WILL go up. It is "a known" (odds are so high). I also think it is a poor fiscal decision and it will have to drop early next year and even then is going to cause serious damage to the US economy. The longer it stays up the longer the damage. US economy is now on a knife edge so it could go either way (i.e. consumer sentiment could go way up due to expectations of reduction of tax, protectionism and so on).
Either way by the end of next year I expect silver to be about 25-30 USD. I'm long-term buying so this isn't a big deal to me, I'm planning on buying during these smack-downs.
Edit - A drop was expected but I didn't expect it right now, nor to this degree. This specific drop left me scratching my head.
Either way by the end of next year I expect silver to be about 25-30 USD. I'm long-term buying so this isn't a big deal to me, I'm planning on buying during these smack-downs.
Edit - A drop was expected but I didn't expect it right now, nor to this degree. This specific drop left me scratching my head.
Alfie
Active Member
What a joke this system is
Commodity markets owned and run by banks, the most trustworthy racket.....i mean business secter of all...
Naked short selling, no way thats very illegal
Perhaps something they suspect will cause a huge PM breakout, best do it from a smaller base, coz faith in the US dollar as the global reserve currency might get outed as actually worthless and the banksters might not make enough on the way out
Nice one
Commodity markets owned and run by banks, the most trustworthy racket.....i mean business secter of all...
Naked short selling, no way thats very illegal
Perhaps something they suspect will cause a huge PM breakout, best do it from a smaller base, coz faith in the US dollar as the global reserve currency might get outed as actually worthless and the banksters might not make enough on the way out
Nice one
Phil_Stacker
New Member
Every organisation is perfectly designed to get the outcomes that happen. This includes financial meltdowns. That is to say, financial meltdowns are not a series of factors that COULD lead to a financial meltdown, but WILL lead to a financial meltdown, by design (even if unintentional). Just watch Aircraft crash documentaries, the industry continually learns from every failure that was inevitable given the series of factors that lead to the accident.
If governments and banks don't like the outcomes - like economic bubbles and crashes - they need to learn from the disaster and change the design.
The last meltdown resulted in a bail-out, and bonuses to the instigators. So there is no imperative to change the system, and therefore we WILL get the same result again. It might take 1 month, it might take 50 years, but it will happen.
Because of this I save, protect, save, and diversify.
If governments and banks don't like the outcomes - like economic bubbles and crashes - they need to learn from the disaster and change the design.
The last meltdown resulted in a bail-out, and bonuses to the instigators. So there is no imperative to change the system, and therefore we WILL get the same result again. It might take 1 month, it might take 50 years, but it will happen.
Because of this I save, protect, save, and diversify.
Joe Bloggs
New Member
Phil_Stacker said:
If flights MH 17 and MH 370 are anything to go by, one can't help but think it's in the interest of some "dark forces" (...insert derogatory terms) to keep information concealed.
Phil_Stacker said:
If governments and banks had done their homework, we wouldn't be where we are now.
Unfortunately, there's not one frickin' soul capable and / or willing to step forward and stop the stupidity of naked shortselling, the derivative markets, negative bonds, debts spiralling out of control, super-size 125% mortgages (Ireland, ok, no longer available, but only because the bubble went POP). As long as there is money to be made, banks will be kept afloat, while vital decisions are being postponed until the SHTF.
It's matching pace with oil for some time now. I watch both closely since I invest in both. Last year when we had the major low in silver and precious metals we had the same major low in oil. Oil was around a bottom of $28 and silver was at a bottom of around $14. When oil came up precious metals came up with it. When oil hit a peak of around $50 silver hit peak of $20. This last month oil dropped again and that's why silver and Precious metals has been down too. It's lagged a little though, this big drop in silver was just catching up to the drop we had in oil this last week. I was actually wondering when it was going to catch up. The rate increases however have been keeping precious metals slightly more repressed though.
Which all makes total sense since the cost of precious metal production and extraction is heavily connected to energy costs. Which is why I think we are close to a bottom for a bit. I don't know how much lower oil wants to go back down. But maybe we'll get lucky and oil will drop more. However there will be more pain for precious metals as we have maybe a decade of raising interest rates and money chasing the better interest rate return. Although countered by rising oil prices and perhaps an economic uncertainty or meltdown spiking precious metals too.
Which all makes total sense since the cost of precious metal production and extraction is heavily connected to energy costs. Which is why I think we are close to a bottom for a bit. I don't know how much lower oil wants to go back down. But maybe we'll get lucky and oil will drop more. However there will be more pain for precious metals as we have maybe a decade of raising interest rates and money chasing the better interest rate return. Although countered by rising oil prices and perhaps an economic uncertainty or meltdown spiking precious metals too.
Pirocco
Well-Known Member
"They" drove the price from $14 up to $21, and "their" orders are hedge / locked in profit books - they aren't after ounces but after dollars.shinymetal said:
Dollars that come from the suckers that did purchase ounces between $14 and $21.
Usually they quickly dig their hedge when suckers start to sell back to them, as to get the ounces for less.
Price is what you pay, value is what you get.
"Buying opportunity!"
mmissinglink
Active Member
Pirocco said:
If it's a "sucker" that pays USD $14 - $21 for a 1 ounce blob of silver, then what do you call someone who pays $22 - $49 for that same blob?
.
And to believe that Stan the man Druckenmiller sold all his "gold", I mean shares in GLD just before the smash down. Amazing insight... 
And so the wash and rinse cycle continues until it can no longer.....
And so the wash and rinse cycle continues until it can no longer.....
shinymetal
Well-Known Member
mmissinglink said:Pirocco said:
If it's a "sucker" that pays USD $14 - $21 for a 1 ounce blob of silver, then what do you call someone who pays $22 - $49 for that same blob?
.
what do you call someone who waits and waits and waits, and then it's too late?
mmissinglink
Active Member
shinymetal said:mmissinglink said:Pirocco said:
If it's a "sucker" that pays USD $14 - $21 for a 1 ounce blob of silver, then what do you call someone who pays $22 - $49 for that same blob?
.
what do you call someone who waits and waits and waits, and then it's too late?
A waiter if male, a waitress if female.
.
Phil_Stacker
New Member
A stacker.
