Something has been "wrong" for the last six years. The media, not to mention Joe Sixpack, has absolutely no clue what is going on in the meals markets. The only thing that will turn this around is a good dose of reality, which the "markets" have not had in years. Stack. Wait. There are no other options. I don't think we know how powerful the forces are that keep inflating against fundamentals and all economic data. JMHO
I just hope I'm not washed up drift wood before the tide turns.
I may deploy my last salvo Monday on SLW.This should start to reverse next week.GL
I think the same way, If it wasn't for the fact that you now have to wait 5 weeks to take Physical Delivery of Silver and also now have to pay a large surcharge I would consider selling, but something is very wrong here.
It wasn't like this before. Thats why I keep adding to my position, its a big SCAM by the banks to scare you into selling at cheap prices.
Sentiment: Strong Buy
When it happens, this euphoria will turn into panic. Our day will come. Hopefully, something can be done about these crooks who are manipulating the markets. Only time will tell.
Sentiment: Strong Buy
I am as confused as you jacal!
Guess we both need some jeers and/or cheers(LOL)
It was all in the earnings report. Just look at the old lows - they were set when prospects were better for sLW than now. So it was simple reasoning that new lows would set in before next earnings release...
But what surprised me as well as you (most probably) is how quickly things fell apart and that was caused by the sudden (attack) and severe drops in Spot Silver. In fact the whole collapse in the metals industry shocked me.
How long this can persist or how deep it can go is beyond me yet the Fundamentals almost guarantee that gold and silver should trade higher. Can't wait to get back in but not sure when and at what price.
Just Rambling - comment and or insult me as you wish. I am so confused.
Silver is an industrial metal not likge gold.
Markets at all time highs while SLW (p.o.s.) is at multi year lows.
I don't understand this what so ever.
If market are at multi year highs, then it means the economy is firing on all cylinders.
Would it be that with commodities tanking, markets are about to tank also taking SLW to 5$ again
It all makes any type of recovery doubtful. An I am talking about the whole metals complex.
Maybe I will go listen to Jim Sinclair, he is a perpetual Bull but off his rocker. Don't care at this point may be he has something soothing to say Like Gold soon to be $10,000 a gram.
Trouble is laughing my troubles away won't get my money back. woe, alas, help, rue these days
THe big news about manufacturing and all the positives need to be put aside so silver can be dragged lower. Once the monetary reasons for owning gold and silver start to make sense again, they will call it an industrial metal. Laughable
all silvers can only be viewed as being worthless, since they have failed to protect investors during all variety of market and currency troubles. Based upon today's typical downside action I am very obviously correct no matter how many badly educated people think otherwise
Fed doesn't want a strong dollar or low inflation Weaker dollar= jobs. Inflation makes national debt repayment easier. Look at Feds actions, not words. SLW is the perfect hedge to protect your portfolio with a dividend to bootl