Thursday - around 2:35 pm
hedge funds chumming the water
hey cuz.....whats up?
50 this week
In the year 1472 the inflation adjusted price of silver is around $800/ounce.
Why is it worth less today?
"The aftershock of the previous two trading days will likely continue today with investors caught off guard and now ready to press sell buttons in any renewed weakness," said one London-based trader this morning.
John Paulson has lost around $1 billion of his personal wealth since Friday morning as a result of gold's price drop.
...real bad.
FEEDING FRENZY is coming
not yet. maybe at $200
------------
It's the oldest market pattern in the book.
A long-ignored asset finally gets hot, and its price rises for a while. The rising price of the asset attracts new investors, which drives prices even higher. And as the price rises, investors develop compelling explanations for why that's happening, only some of which may have a solid basis in fact.
The price continues to rise, more investors arrive, and their buying drives prices even higher. Soon, the stories that explained the early price increases get repeated so often that they start to be regarded as fact. The price rises even further. More investors hear the stories and believe them, and hurry to get in on the action. And so on.
At some point, however, for any of a number of reasons the spell breaks. The "story" hasn't changed, but demand for the asset no longer outstrips supply, and the price drops.
At first, investors brush off the price drop as a temporary fluctuation--a "buying opportunity." Then, when the price drops even more, they look for temporary explanations and causes. They often begin to point fingers--blaming individuals, organizations, or conspiracies for the price decline, anything but the theory that the "story" they bought into might not have been true.
i may buy some at $800
did u?
just taking a few steps back to take a running jump
yep no brainer
was just some shorts shorting other covering shorts
volume too low to be everlasting
b.sam,
what happened to srbbs?
happens most of the time
Citi’s 2013 Capital Plan, submitted to the FRB on January 7th, underlines management’s
commitment to build and sustain robust levels of capital
Citi requested the following distributions from common equity in its 2013 Capital Plan
submission:
• A $1.2B common stock buyback program through 1Q14
– Intended to offset estimated dilution created by annual incentive compensation grants
• Maintenance of current common stock dividends of $0.01 per share per quarter
thanks for correcting me. last time i think they were in the 6% range, and this time 8.3%. could be looking at a meaningful payout.
but probably not. Since C came in at 8.3%, well above the 4.9% last year under Pandit, they must have set aside a paltry pittance for buyback or dividends.