This is it...I see silver below $19 and gold below $1250 as I type...I will be taking my own life tonight because I am an embarrassment to everyone I know as I have lost them money along with most of my life savings...the vampires have won. Peace to all!
cgreens, Agree with moses. This too, shall pass. Just wait until the US$ is replaced as the global reserve currency - which will happen. There may be more blood to shed, but this will come back. Be of good faith! GLTA.
You might consider getting on the right side of the trade, your sentiment about silver has taken a huge headline risk with Bernanke playing the Greenspan card, and trying, however badly, to take the steam out of a marketplace he created when he drove CD rates to zilch.
Try puts against your long position as a hedge, if you don't feel right shorting. Finance them with covered call options sold against your shares.
It's YDM approved, if memory serves.
why would he short CCs at this point after silver is down over 60% in the last 2 yrs??? So he should use a depreciating asset to cover another depreciating asset??? BTW, silver was at 17.80 when it broke out in 2011 and ran to $45 in a matter of months and took EVERYONE by surprise. Think it wont happen again??
CGreens! Can i join you at cliff's edge to take that first step alongside you. Silver is now way below $19. Now at $18.85 which is beyond belief! Will there be a "V" shaped silver recovery? Seems like a pipe dream at this time. So....I'll take that jump with you!
How in the heckfire can silver and gold "plunge" lower from current multi-year lows. Fiat printing continues unabated and nobody cares. There is no end game for deficits. And silver and gold decline. Total B.S.!
Summing it all up in one word....sickening!
So, the few hundreds (or thousands) of dollars you are down is worth more than your life? Did you ever stop to ever consider how foolish that is?? Even the dollar (as I type) is becoming more and more worthless with time. Where did that thing we call 'moral conscience' go??
For you 2 fools that put the thumbs down on my post, it appears that you 2 think money is worth more than life, that the dollar appreciates over time (even with the trillions that have been printed in the last 5 yrs) and that we dont need a moral conscience...Well, for you 2, money truly is your GOD, as nothing as matters...right? To show you how much of fools you really are, bury a $1000 in the ground for 10 yrs, then, take it out, and see how much you can buy with your GOD? Here is a clue: you will buy no where near a $1000 with it, more like $100. LMAO!!
cgreens, are you still with us? I assume you are feeling much better today than when you wrote this message. At the time I felt pretty much the way you did. I feel much better today.
I really wanted to buy SLW when it was below $20, but I did not. I had too much of my money in SLW as it was and I had been watching it go down for what seemed like forever.
Good luck with your investments.