Wow, Asia equities way off yet again tonight. Those markets just never cease their free fall.
Until Asia stabilizes, and we get a better handle on future growth (if any) short term for China and such, the prospects for commodities and commodity stocks, especially mining shares, is going to remain very dim indeed.
The market just 3 or 4 weeks ago expected China to continue being big buyers of commodities and having 10% growth. Now they have stoppe dbuying commodities, their export markets which comprise 60%+ of their economy are in recession, and their growth domestically is coming to a standstill as equity market freefall and global slowdown set in.
This means commodities and mining shares, bargain though they appear are heading lower.
And to top all this off of course, Dellerium just bought HL, PAAS, SSRI etc., and as 100% wrong as he ALWAYS is, this means they HAVE TO crash almost immediately!!!!
Get ready to pick up good mining companies a lot lower in a few weeks/months.
Hey polcatron, why don't you get a clue? You havn't had one yet, but perhaps someday you'll find one.
I realize you will quickly come to the defense of anyone that is a complete and utter moron, being that you share the precise same traits and all, but why don't you stick to bashing SLV (and thus silver), on the SLV board, as you usually do?
Afew weeks or months?
Maybe but it appears we are headed for a >>> global <<< economic recession and if so I would only be a buyer of money. That is to say gold. Silver is money and has been crushed but is also viewed by many more as an industrial metal.
I am long silver regardles.
Gold and silver is the safer bet I believe for now. Especially gold.
Look at this moron go. A true dub@ss. Ignore him.
Maybe YOU are far too stupid to manage your own investments and need the guys who currently head investment firms and are destroying all markets and trillions in capital to manage your money FOR YOU...... but don't assume EVERYONE ELSE is as stupid a brain dead, investment ignorant, market ignorant, global economy ignorant sheep as you are.
Hey genius, are you aware that there is NO MAGIC that causes your money to be protected in a fidelity account? No protection from loss whatsoever??
Putting MY investment funds into MY control, rather than the control of the guys who are collapsing the financial markets, equity markets, and global economy, is not a BAD thing, it is a GOOD thing.
I know a sheep like you can't grasp this, but let me spell it out.
1) Fidelity account. Penalties for moving money out of losing investments. No intraday changes allowed. Virutally ALL investment elections losing money like mad, currently. NO PROTECTION whatsoever, no insurance against loss, EVEN IN the money market fund (which invest in mortgage backed securities, bonds, and derivitaves of same, the very investments that firms like Lehman are NOW GOING BK over!!!)
2) Ameritrade account.
Inevst in anything I choose, including the dollar, protective income funds, foreign currency, gold, silver, Blue Chip growth stocks with no exposure to credit markets, etc etc etc.
No penalties for making a change within 90 days.
No limitation to a puny handful of 'funds' ALL of which are losing!
See, you are the kind of sheep bleating idiot who thinks people are too stupid to manage their OWN investment funds so they should let the government rape them with lifetime mandatory social security witholding 'investments' in worthless, untradeable pretend 'bonds' so they can get a pittance later in life worth a small fraction of what they could have if they had properly invested those contributions.
Go on being a dupe, a sheep, a conventional wisdom moron as the rest of the conventional wisdom morons are going up in flames as I type. You are incapable of thought or analysis, so keep believing the 'good old boys' that manage 401K fund families currently losing their azz on every front are much smarter than you. Because indeed, THEY ARE!
Yes, how STUPID of me to be heavily into gold and silver while being OUT of Palladium, PLatinum, financials, money market funds that are going under, etc etc etc.
Seems like you are the dumba$$ if you think that sitting in funds that are collapsing is preferable to being in safe havens that are skyrocketing. (And by safe haven I DONT mean this worthless PAL stock or the underlying PGMs that are headed lower)
One week in this market is a lifetime. Furthermore I was referring to junior miners in the overall cautionary statement, not seniors with solid balance sheets.
The caution still applies, and CERTAINLY applies to a highly risky mining concern like PAL, who is mining at a loss, a commodity that is in freefall both in price and demand.
My statements about the silver miners, (if you have been following the critique of the perpetual idiot Dellerium), were said in sarcasm, although I would certainly be leeery of any 'weak sisters' even in gold and silver.
In my own account, I hold substantial positions in silver, (SLV), some gold (GLD), phsyical stocks of both metals, and several core positions in mining shares including SSRI, SLW, PAAS, GG, and HL. If the current clean breakaway fo gold and silver into 'safe haven' status continues, I will buy more of same.
However, I would NEVER touch platinum, palladium, or PAL in this current 'demand destruction' environment of collapsing foreign market demand, collapsing auto sales, etc. Some companies liek SWC and the underlying PGMs will be a buy at some point..that point is when the global economy REVERSES back to groth mode again.