Silver Shakeout - What does Mike Maloney think??

[Yippe-Ki-Ya]

I just think a whole bunch of people here are thinking themselves way too smart because they sold off some of their stack near to recent highs in silver and this has made them arrogant to think that long term investors like Maloney dont know what they're talking about.

The amount of such back slapping going on is enough to make one puke.

 

[pmstacker]

I just think a whole bunch of people here are thinking themselves way too smart because they sold off some of their stack near to recent highs in silver and this has made them arrogant to think that long term investors like Maloney dont know what they're talking about.

The amount of such back slapping going on is enough to make one puke.

Mike Maloney is OK, he has his place in the investing world, but he has no place telling people to buy any-time (that is just wrong) cause he isn't allowing people to maximise their gains by doing more research and knowing how to see tops so when it bottoms they can buy more. When he says "buy anytime" he is just getting you used to loosing your purchasing power and being OK with it. As for his fundamentals .. ITS fine no argument here

And as for back slapping, I remember a lot of that happening when silver was going up parabola style ... and anyone mentioning corrections were shunned ... just compare the likes and dislikes of videos such as stella's when he started mentioning corrections and concerns ...

Works both ways buddy boy

 

[Nugget]

I just think a whole bunch of people here are thinking themselves way too smart because they sold off some of their stack near to recent highs in silver and this has made them arrogant to think that long term investors like Maloney dont know what they're talking about.

The amount of such back slapping going on is enough to make one puke.

Mike Maloney is OK, he has his place in the investing world, but he has no place telling people to buy any-time (that is just wrong) cause he isn't allowing people to maximise their gains by doing more research and knowing how to see tops so when it bottoms they can buy more. When he says "buy anytime" he is just getting you used to loosing your purchasing power and being OK with it. As for his fundamentals .. ITS fine no argument here

And as for back slapping, I remember a lot of that happening when silver was going up parabola style ... and anyone mentioning corrections were shunned ... just compare the likes and dislikes of videos such as stella's when he started mentioning corrections and concerns ...

Works both ways buddy boy

Mike runs a subscription based advisory service and will advise these subscribers when to sell based on his teams research. Waiting for Mike to tell freeloaders when to sell is fraught with extreme danger. He is going to tell his clients when to sell first. When his clients have sold to, what his buddy Kiyosaki calls the suckers then Mike *may* tell his free loading fans that they should sell. I don't intend to be one of the "suckers". Well, that is to say that I hope that I'm not the sucker this time around :/

 

[Yippe-Ki-Ya]

Mike runs a subscription based advisory service and will advise these subscribers when to sell based on his teams research. Waiting for Mike to tell freeloaders when to sell is fraught with extreme danger. He is going to tell his clients when to sell first. When his clients have sold to, what his buddy Kiyosaki calls the suckers then Mike *may* tell his free loading fans that they should sell. I don't intend to be one of the "suckers". Well, that is to say that I hope that I'm not the sucker this time around :/

So you reckon there will be like a 24 hour window of opportunity to sell at the high??

 

[Captain Kookaburra]

Mike runs a subscription based advisory service and will advise these subscribers when to sell based on his teams research. Waiting for Mike to tell freeloaders when to sell is fraught with extreme danger. He is going to tell his clients when to sell first. When his clients have sold to, what his buddy Kiyosaki calls the suckers then Mike *may* tell his free loading fans that they should sell. I don't intend to be one of the "suckers". Well, that is to say that I hope that I'm not the sucker this time around :/

Absolutely True....

I've been toying with the idea of subscribing. Haven't mostly because I'm either too naive, or too confident in my own abilities to apply the little I have learnt so far.

Done OK so far .... DYODD (or PFSETDYDDFY)

 

[Contrarian]

It's this fear of losing ounces that could result in holding too long and getting caught out. At the end of this bull market the winners will be the people with the most fiat profit, not the ones
left holding the most ounces because eventually silver will crash bigtime.

I agree that there will come a point in time where PMs will become overvalued, but we're pretty dam far from that point right now.
Your next point is contentious at best and downright wrong at worst. Under the current fiat system which is on a destiny with collapse i seriously doubt that holding fiat will ever be a good idea in the years ahead. if you dont hold something tangible - you aint got shit!
Also, people holding real money - gold and silver - will never LOSE ... simply because it will hold its average value throughout time. it always has and it always will.

I've just been through the same process with property. I loved to be able to drive around and look at my "portfolio". Not that is was huge but I worked hard to build up a few properties and was reluctant to part with any of it. Eventually I convinced myself that if I was going to stick to my strategy then they had to go.

The situation with property is wildly different! Those who followed Steve Keen's advice in 2009 will be seen in years to come as geniuses.
Those still stuck with property a this point - myself included are bluddy fools

At this point in time I'm much better off holding the profit instead of the houses. Sometimes the same will be true of silver.

Profit is first and foremost in my opinion. Silver, like houses, is just another vehicle that you can use to turn a profit.

Again - it's what you do with that profit which is important. Neglect to protect that profit (by leaving it in fiat form) and pretty soon you'll end up being a loser to the thieving bankers and government who thieve from people through their engineered inflation.

I'm certainly not saying that staying in fiat is a good idea.

People holding physical gold and silver have lost, can still lose and always will lose at some stages of the economic cycle. The same can be said for all asset classes. That's why I continually move between the asset classes.

I agree that on average, over time , PM's have been a good hedge against inflation. But they are one of many investments that perform this roll. Property has been a good hedge against inflation also with the added benefit of cashflow. Does that mean that it's a good idea to load up on as much property as possible at all times. No.
Gold and silver is no different. It's just that now is their time to shine but it wont be forever.

Precious metals are basically counter cyclical to the other mainstream asset classes. This PM bull market is well established, just ask any bullion dealer. With every day that passes it's becoming less and less a contrarian play which is why I have no problem taking profits along the way to put into other areas.

C

 

[Yippe-Ki-Ya]

[
Precious metals are basically counter cyclical to the other mainstream asset classes. This PM bull market is well established, just ask any bullion dealer. With every day that passes it's becoming less and less a contrarian play which is why I have no problem taking profits along the way to put into other areas.

C

What other areas?

 

[Contrarian]

[
Precious metals are basically counter cyclical to the other mainstream asset classes. This PM bull market is well established, just ask any bullion dealer. With every day that passes it's becoming less and less a contrarian play which is why I have no problem taking profits along the way to put into other areas.

C

What other areas?

My recent sale has been put into a couple of other commodities and a small business idea. Down the track it will be shares then property. Obviously it's way too early to be heading for shares and property yet which is why I'm still in PM's. At some stage there will be far better value in both shares and property than in gold.


C

 

[Nukz]

I just think a whole bunch of people here are thinking themselves way too smart because they sold off some of their stack near to recent highs in silver and this has made them arrogant to think that long term investors like Maloney dont know what they're talking about.

The amount of such back slapping going on is enough to make one puke.

It's just profit taking that's all, not everybody believes in silver or this end of the world doomsday scenrio some just buy the metal and ride the wave and then move on to something else. For some people on this forum silver seems like it could cure cancer and will save the human race or something.

 

[Bargain Hunter]

What other commodities are you looking at contrarian? Good luck with your small business venture. Making money in a start up small business can be tricky.

 

[Contrarian]

What other commodities are you looking at contrarian?

It's not something that is tradeable by the general public. IE no system in place for personal trading, there fore not much point discussing. Will PM you though seeing your interested.

C

 

[thatguy]

What other commodities are you looking at contrarian?

It's not something that is tradeable by the general public. IE no system in place for personal trading, there fore not much point discussing. Will PM you though seeing your interested.

C

honey!!! stack it high

 

[silversurfer2010]

By the way, you don't have to subscribe to Mike's 'Wealth Cycles' to be notified when he is selling...it's a free service offered to any of his goldsilver.com customers. Wealth Cycles subscriptions are for in depth analysis of the economy.