I'm pretty sure that you would fare even better if you followed a rule where you sold out of the market after a 6 year bull and waited for a correction. You might miss some of the gain, but you would miss the crashes too.
I 100% agree with that. Right now seems like an opportune time to buy gold/silver. Don't wait. This time next week gold and silver will be higher and SPY will be lower.
I don't need to time it. I am out already. It has gone nowhere for a year. The next big move will be waaay down.
Don't you think it is pretty much over?
Soros is short SPY.
Recession is on its way.
No real reason to move higher is there?
Get some SIlver/Gold. It has corrected some. This week is a good time to buy.
You are some kind of weirdo. When have we ever had a bull market that lasted decades? You must think that readers here are dumb. No bull market lasts forever. This one is over. I know all.
I trade a portion and hold a portion. The profits from the trading allowed me to accumulate more shares. I will be putting some of the gain into silver very soon.
I don't see much chance that the global economy can recover without a currency reset. The global economy is too sick with the debt disease. The safest place to be when that happens is gold/silver.
- If the US and global economy recovers, silver demand and prices should be primary beneficiaries. If the US and global economy continues the slowdown trend, shifting Fed tightening expectations back to easing and pressuring the US dollar and stock market, silver should be among the primary beneficiaries. Silver prices have corrected over 70% from the 2011 high, mining supply is expected to contract in 2016 for the first time in 13 years (GFMS World Silver Survey 2016), demand remains on record pace and the price is historically attractive relative to gold (featured chart). After reaching an extreme gold/silver ratio of 83 at the end of February as stocks swooned, the return on silver has caught up and surpassed gold in 2016 (up 24% Vs. 20% for gold YTD). Silver has since recovered closer to its historic performance beta relative to gold near 1.4 times. Silver has accelerated higher in 2016 along with most commodities as the stock market has recovered and the US dollar has declined. It may suffer when volatility returns to the stock market, but silver appears to be in the initial recovery stages from its inflection point low of this historic correction. In the near term, silver appears on trend to retest good resistance in the $20-21/oz. area. Key support is $15/oz.
Silver is, at least it was, money. Synonymous with money and currency in many languages, silver is the unique precious metal that is increasingly being used for industrial purposes. Unlike many other commodities that are coming under pressure due to the paradigm shift in technology, notably the energy sector, technology is an increasing demand factor for silver. Industrial demand for silver is currently over 50% of total demand, compared to about 40% a decade ago, and near 30% a decade before that. In 2015, 35% of silver demand was for bars and coins - the highest percentage ever (GFMS World Silver Survey). Very low silver prices have dramatically shifted the supply/demand balance to the 3rd largest d
There is no losing for silver.. Silver is certain to rise as is our favorite silver miner HL.
They would need to have $100 silver to get enough supply to come out of the woodwork so that they can cover their shorts!
#1 Total business sales have been declining for nearly two years, and they are now about 15 percent lower than they were in late 2014.
#2 The inventory to sales ratio is now back to near where it was during the depths of the last recession. This means that there is lots and lots of unsold stuff just sitting around out there, and that is a sign of a very unhealthy economy.
#3 Corporate earnings have declined for four consecutive quarters. This never happens outside of a recession.
#4 Profits for companies listed on the S&P 500 were down 7.1 percent during the first quarter of 2016 when compared to the same time period a year ago.
#5 In April, commercial bankruptcies were up 32 percent on a year over year basis, and Chapter 11 filings were up 67 percent on a year over year basis. This is exactly the kind of spike that we witnessed during the initial stages of the last major financial crisis as well.
#6 U.S. rail traffic was 11 percent lower last month than it was during the same month in 2015. Right now there are 292 Union Pacific engines sitting idle in the middle of the Arizona desert because there is literally nothing for them to do.
#7 The U.S. economy has lost an astounding 191,000 mining jobs since September 2014. For areas of the country that are heavily dependent on mining, this has been absolutely devastating.
#8 According to Challenger, Gray & Christmas, U.S. firms announced 35 percentmore job cuts during April than they did in March. This indicates that our employment problems are accelerating.
#9 So far this year, job cut announcements are running 24 percent above the exact same period in 2015.
#10 U.S. GDP grew at just a 0.5 percent annual rate during the first quarter of 2016. This was the third time in a row that the GDP number has declined compared to the previous quarter, and let us not forget that the formula for calculating GDP was changed last year specifically to make the first quarter of each year look better. Without that “adjus
Tesla Motors Inc. may raise billions of dollars by selling stock to accelerate production plans, betting the benefits will be enough to outweigh the dilution of the share price.
When Chief Executive Officer Elon Musk pulled ahead the electric-car company’s target to increase vehicle assembly to 500,000 a year to 2018 from 2020, he added that capital spending will increase by about 50 percent -- $750 million -- from the original budget for this year, which would probably require some fundraising.
The smallest and youngest publicly held U.S. automaker -- which sells models with a $10,000 optional Ludicrous Speed Upgrade -- faces huge capital expenditures as it ramps up its massive battery factory toward full production, adds tooling for a third model, expands sales and service operations globally, installs more superchargers, seeks to hire additional manufacturing experts and contemplates adding more vehicle-assembly capacity. Analyst Brian Johnson of Barclays projected a $3 billion equity raise sometime in the second quarter. At current stock prices, a transaction of that size would be about 14.5 million shares, an increase of 11 percent to the number of shares outstanding
Good job! We need to keep people like him from taking over the board. I am sure that most here disregard everything that he says anyway.