What a joke, market should be down big today on very poor economic news. For all you traders who think this is wonderful, you better cash out your gains and convert to real assets. Paper wealth and electronic ones and zeros are meaningless in a rigged market.
Gold and silver down today because Fed may raise interest rates in June, meanwhile stocks up because Yellen apparently told Democrats in private that their would be no immediate Fed rate increase, whatever immediate means. Its like playing poker with a bunch of card cheats.
Is the relatively small number of posts on this message board. At the top in 2007 multiple messages were being posted EVERY SECOND.
Thats a 3.75% gain, significantly more than you would get holding a 30-year Treasury for the entire year. Beware the Ides of March, extreme market volatility typically precedes major corrections. Sell now and buy back at Dow 10000 or less in 2016.
Biggest bubble in history of mankind, current valuations are a complete joke. If you have gains on the table take the money and run!. The gig is up, looking for sub 800 on the S&P when its all over.
$100/day for gold and $3/day for silver. Interesting that such rules were not implemented when silver and gold were being decimated via fraudulent naked shorting in the Comex. How about 08/23/11 (gold -$106) or 04/12/13 (gold -$140), I guess thats not a problem. In April of 2011 there were plenty of days where silver was down over $3 or more (4/28/11, over $5). Not a problem either I guess.
$100/day for gold and $3/day for silver. Interesting that such rules were not implemented when silver and gold were being decimated via fraudulent naked shorting in the Comex. How about 08/23/11 (gold -$106) or 04/12/13 (gold -$140), I guess thats not a problem. In April of 2011 there were plenty of days where silver was down over $3 or more (4/28/11, over $5). Not a problem either I guess. This is a major tell for the PMs, the COMEX has been stripped naked. Be wary of ETFs managed by the big banks.
You cant buy silver online for less than $20/ounce, and even then who knows when or if it will be delivered. A quick check at the local coin shop indicates there is no sliver coming in, and they are charging a $5 premium over spot, or $21 for a silver eagle. Please think carefully before you invest in one of these long ETFs.
Heres an idea! Buy shares of SLV and GLD and request delivery of the physical metal for use as raw material. There is $30B of gold and $6B of silver just waiting in vaults to be turned into gold and silver eagles.
Now about that bridge in Brooklyn for sale.
From there look out below. Who knows what fair value is, central banks have transformed global equity markets into casino style gambling. Unless you are a sophisticated trader with computer algorithms and an advanced understanding of hedging / risk management, you have no business buying stocks. Stupid bagholders.
Fed did a nice job of curtailing the sell-off, notice how they waited until Europe closed. But any buying of the dips now is very short term, i.e. hours. CRASH AND BURN BABY!
Look for a retest of 666 on the S&P. If you're not smart enough to get out now that Uncle Benny has replenished your 401K, then you are a greedy BASS TURD and you deserve to lose all your money.