Let's see the USD index is down...the FED is printing money as fast as they can...to save the USD...Kudrin says the USD is safe for now...BRIC's are meeting...US not invited and PM stocks are taking another hit...please someone chime in here...
Well Max, apparently I have something new to learn about vis a vis how my buys and sells are effected be during options expiring week.
From what I am reading here (see the crappy old CDE thread) and elsewhere in the PM boards, the MMs are playing games trying to make certain options expire worthless.
I see HL had an end of market spurt.
The general market is either correcting from the overbought condition or starting another run down like last year. I don't see the economy picking up; only slick speeches and wishers. A Titanics-worth of money was printed and probably found its way into the stock market. That doesn't mean that economic problems are solved. And with governments growing, the problems will get worse.
SLW is just another equity; even if it is silver and makes all the sense in the world. I'll be watching my shares like a hawk. I'm not going through last year all over again...
Market will rally hard this fall. Gold and silver will explode. There have been 8 times the market was down over 25-30% in a year, and the following years resulted in 25-50% gains 7/8 times. This is just a correction.
Yeah, I hear that too. I've found that most losses should be taken early on, rather than later. I took a loss this morning I really didn't want to take, but also freed me up for sitting on the sidelines (two other accounts). That loss also guaranteed my month is still in the green. I don't know that would be the case if I just continued to hope.
And, I'll do the same here with SLW too. Good company, but it's stock can act like the rest of the market too if it's all going down. I'll be watching it close too.
Max, what is even more interesting is that Silver stocks are really getting thumped today. Another 50 cents down on silver and we can really say it is oversold.
My sub-$3.00 HL buys yesterday and today are just getting killed. I made the mistake this week of going from 85% cash to 60% cash. I'm tempted to buy more HL or even get back into SLW, but I'm now going to wait. Until when or what I don't know right now.
Yeah, everything you said is true...
so I bought another 5000 HL yesterday, too.
I just bought another 5000 today, a dime lower!
If it drops under 2.70, I'll buy yet another 5000.
Ridiculous...the game's afoot.
Dat, I have about 5% of physical silver and 5% gold so thanks for the concern
Bodium, have always enjoyed your input. I understand things just don't add up right now. Was looking at HL buying @ 2.7 which is coming up really quickly...but the bigger picture is confusing...maybe news or wmjaronson is correct that the USD will play around here for a while and retreat to much lower levels. I feel 74 on the index is a plausible expectation at end of the summer..but currently the USD is way over valued and should pull back. I can't understand why Kudrin would pump the USD while the BRICs are talking about moving away from the USD..I have a hard time believing in Bloomberg these days and stopped watching CNBC over a year ago..Thanks for the input..still dismayed