Too much $$$ being made by the WallStreet crooksters to make the market fair. Looks like year end tax loss selling going on with SLW. Not very many losers this year other than the PM sector.
Silver and gold sold off mostly on year end loss taking for taxes. Rally will begin after they buy back in after the 30 day waiting period. Soros says gold will have a good 2014.
They edited my post. It read what the f.. LOL Im rideing this out. SLW is making more deals on the cheap adding more to its silver and gold flow and paying down its debt. Watch SLW triple in a couple years.
I prefer MONEX...Suggest buying one ounce coins and not pay the high premium on American Eagles. Last purchase I made was Vianna Phlarmonics ( spelling )...Stay away fron the silver bars. Coins will be more spendable when the fiat money collapses.
Meanwhile Congress prepares to raise the debt ceiling before the USA runs out of money once again in February.
SLW in the worst case may obtain a couple of mines and in the meanwhile they are paying down debt and adding to their silver-gold stream at rock bottom costs.
My SLW investment and physical stack is to me some insurance against my dimenishing buying power on a fixed income of $60 thousand a year thats eroding at a 10% per year clip thanks to the FEDs money printing and policies etc... over the years. Hopeing to maintain a decent standard of living is about it now. Think is about time to label JP Morgan as an ongoing criminal operation seeing they are being investigated now as being tied to Madoff.
As I posted a couple days ago.. With the new budget deal there will be 4 million unemployed going off Obamas "official " unemployment rolls. Whats 4 million less being counted as unemployed do to the rate. Knock off a half percent or so ?
Wonder what the 4 million unemployed getting checks getting booted off come the first of January via the new budget deal will do to the economy. Should help Obamasunemployment figures as they wont be "officially " counted then but its still 4 million more without a check coming in.
This Bitcoin type curriency thing is getting downright scarry. Will this be the end of fiat curriencies or just replace them with another. Guy on a financial channel yesterday was asking why not just use gold for backing.