ANOTHER idiot response...the average PE of a NASDAQ company in 2000 was 70. Some even had a PE of 400 (Interwoven and Tibco). That is why the NASDAQ crashed and burned. Silver is down over 68% SINCE 2011. Not even the NASDAQ crashed that low...how much more stupidity can we expect out of you???
no volume 11% drop, and high volume rebound of almost 7%...interesting. I hope they drop black swan it in the AM so I can add lots more...never thought I could get SLV for $20 when it was over $30 a couple of months ago and over $32 at the beginning of the year.
if there was 4 X more silver available then 10 yrs ago, you MIGHT have an argument, but there isnt anywhere close to that amount now available...another shill speaks blindly to what he does not understand...just more hot air from a roast ghost...the industrial uses for silver has SUBSTANTIALLY increased in the last decade.....10 yrs ago, there wasnt ANY smartphones, iphones, iPads, flat screens...all of which incorporate silver in their product, a flat screen alone has over an ounce of silver in it...and there are millions, billions of flat screens, smartphones, tablets, medical equipment, jewelry, solar, batteries, cars, even some medicine itself has silver in it...before you open your pie hole, get educated you moron.
I dont have to lay out ANY rational arguement about going long because I never said anyone should go long. All I said was going short was foolish. Going short is not only asinine, but reckless money management after the stock is already down 60% from 2011 highs. If you were talking shorting at $65, then you would have a valid argument, but shorting at $26? Idiotic. BTW, if GDX was in reality TIED to Gold, then tell the board why GDX was trading in near $40 in 2009 when Gold was UNDER $800?????? And you are just figuring out Gold is falling?? Its been falling for the past 2 years....LMAO.
I am not short, but I am not buying yet. It isnt just gonna reverse because you think it should. This is a case of a falling knife. No telling where the bottom is. Dont follow a chart on this one because it is useless. People are pulling out of PMs and into stocks. Until that stops and reverses, Silver and Gold will continue to decline.
that is YOUR opinion and has NOTHING to do with reality.
Silver is down 25% in just the past 6 weeks...if it was any other stock, you would be shouting OVERSOLD. But that you could even mention this is not oversold is blatantly obvious that you operate on an extreme BIAS. And that is DEATH in the stock market. Bias has NO place in this market, because it can turn on you in a flash.
:::DON"T BUY PAPER GOLD OR SILVER or you will lose::: Oh really? In early 2010 when paper silver was trading at $14 and IN LESS THAN A YEAR LATER was trading over $47....thats a 331% return...yeah, thats a "big" loss, right Rufus Dave? You have NO IDEA what you are talking about. NONE.
The ONLY thing a chart CAN say is where the stock was trading in the PAST. It has NO predictive powers that you claim it has. NONE. Only a fool makes investing decisions based on worthless chart. Put your CHART in your pipe and smoke...at least you will get more of of that than you will in predicting where gold and silver will bottom.
So in Jan when GDX was $47, it was a buy, now, after a 45% decline, its a short. One thing is for sure, this market is not SHORT on Dumb #@$Holes like you. Short at will dnafool.
I am long from mid $65s, but looking to sell very soon...Nov starts off well in the morning, then craps out during the day. Hopefully, tomorrow, I can sell above $68. Then I will sell out for now and get back in below $65. GL!
Going against a runaway market melt up, only thing short here is your intelligence and brains. I suppose you are smarter than Boone Pickens and Buffett? They have been adding to their positions for the last 2-3 quarters. You must love losing money. But, somebody has to lose it in order for me to make money. Keep shorting rufus. I like easy money. LOL
hey rufus, I need you to bash this way down to $60...I need to load up on 300-400 more shares...think you can do it? Lets see how good you are at bashing, you asinine fool.
just because you saw a few fatties buying up garbage food at your local mall and you have the company turning around its dwindling business? moronic thinking.
thats because you have no clue. Sold TBT for a loss and bought more NOV. At least then I will be able to see some gains soon ...I see $52 as a potential bottom.
tell the board something that it doesnt know. but what you havent realized is that NOV isnt trading as a high growth stock, if it were, it would be above $90 now. I remember last year when PG came in light, it was knocked down from 67 to 60, I bought and as of last week, PG was over 82. It just got knocked down again, at which time tine I bought again. That is how you make money, buying great stable companies on sale.
Article PART 1
IS TED BUTLER’S SILVER PANIC IMMINENT? APPLE CONTRACTOR CLAIMS NEW IMAC PRODUCTION DELAYED OVER SILVER SHORTAGE!
Silver expert Ted Butler has long predicted and awaited an eventual industrial shortage of physical silver, and a resulting panic silver buying that terminates the bullion bank cartel’s manipulation of the silver market.
Butler may be about to be finally proven correct, if an Apple contractor is right that Apple has delayed production on the new 27” iMacs over an industrial silver shortage in China. With the US Mint sold out of Silver Eagles and production shut down for the 2nd time in 2 weeks, and shortages of nearly all retail silver products rapidly developing along with spiking physical premiums, it appears that a widespread retail, and perhaps industrial physical silver shortage is developing and escalating by the hour.
I work as a sales contractor for a local independent Apple dealer. I don’ know how many of you closely watch Apple delivery dates, but we received a consignment of the new 21.5″ iMacs and then they dried up. We haven’t received any of the new 27″ iMacs. Our shelves are bare with lots of backorders. I’ve never seen this before.
Apple announced the new iMacs on Oct. 23 2012.
It’s been 10 weeks now since any 27″ iMacs have been shipped and Apple states that another 3 to 4 week delivery for those models, if you order today.
Apple states that there are “production problems” causing the delay.
Why? Based on the evidence, in my opinion there is simply not enough silver available to produce them.
The new “Iris” screens use a lot, lot more silver than the older models, including the new iPads. All the silver is going to produce the iPad 4′s which, of course, use less silver per unit. This creates the illusion that all is right except for a few “production glitches”.