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Silver dropped 9% today.
- Thread starter 75th
- Start date
chris302001
Banned
oh fuck!
Fear not, Chris! You're NOT an idiot and therefore didn't allocate anywhere close to whatever savings you have into old nickels.
I stuff rolls of old nickels in my jock strap
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lartinos
Guest
There goes the hundred bucks profit!
queue silver lovers saying it's normal for it to drop before it explodes in awesome prices...
lolol
b0und
New member
Sharks are in the water now, some profit takers from very large long positions.
I made $1784 from the rebound off the initial drop though.
Bought at 43.196, could have made more but didn't stay in long - too volatile.
I'm more comfortable with my AUD/USD, EUR/AUD, AUD/JPY pairs anyway.
b0und (
)
I made $1784 from the rebound off the initial drop though.
Bought at 43.196, could have made more but didn't stay in long - too volatile.
I'm more comfortable with my AUD/USD, EUR/AUD, AUD/JPY pairs anyway.
b0und (
)
Or they can quote me from the other thread from 10 days ago where I linked to non-Stone Cold University educated analysts saying silver was expensive and that any changes in capital requirements would hit it hard, and that the price is no longer based on supply and demand due to the institutional presence and leverage they bring with it.
Wait....what's this?
Wait....what's this?
calveless wonder
New member
But silver always has value!!!
calveless wonder
New member
Oh well. There's life after silver.
Like turfgrass management
Like turfgrass management
Your all dumb! Its only a temporary pullback! Next stop is $100!
Look, here's a random article from google that I havent read but it proves Im right! Silver prices could touch $100 an ounce if fiat currencies fail: analyst - Commodities & Futures
Look, here's a random article from google that I havent read but it proves Im right! Silver prices could touch $100 an ounce if fiat currencies fail: analyst - Commodities & Futures
Sharks are in the water now, some profit takers from very large long positions.
I made $1784 from the rebound off the initial drop though.
Bought at 43.196, could have made more but didn't stay in long - too volatile.
I'm more comfortable with my AUD/USD, EUR/AUD, AUD/JPY pairs anyway.
b0und (
Ya im pretty long Aussie too... still holding longs on AU from .92 on up ... Aj I havent been as high on...
Also keeping pretty much all high yield currencies that are hedged agaisnt the buck... the greenback has made a helluva carry trade since Uncle Ben turned on the Cash spigot
canadianhitman
Well-known member
lmfao!
lolz
Thats why its called HOLDING in stock market terms
shit goes up and down, no need to panic like you are making it out to seem like I am doing
good try though bro
Thats why its called HOLDING in stock market terms
shit goes up and down, no need to panic like you are making it out to seem like I am doing
good try though bro
But what's Aunt Jemima's position on this?
turtlecool
New member
dammm
b0und
New member
George Soros is getting out, time to jump ship.
Seriously.
Steep Drop Tarnishes Big Bets on Silver - WSJ.com
Seriously, GTFO!
Remember Soros single handedly fucked up Malaysia's currency to make a buck.
If he is dumping silver, don't stand in the way.
b0und (seriously)
Seriously.
Steep Drop Tarnishes Big Bets on Silver - WSJ.com
Seriously, GTFO!
Remember Soros single handedly fucked up Malaysia's currency to make a buck.
If he is dumping silver, don't stand in the way.
b0und (seriously)
b0und
New member
I exaggerate...
But he did profit from it quite handsomely though.
I wasn't trying to sledge Soros, just overstating his considerable impact.
On topic, silver just dipped below $40. Maybe it will rebound.
b0und (or maybe not)
down about 20% in 4 days. also the dollar has also gone down. this is why i was saying it was foolish to buy silver if you think the dollar will drop. the more common sense approach would of been to just short the dollar. we still hear that myth from people though
lolz
Thats why its called HOLDING in stock market terms
shit goes up and down, no need to panic like you are making it out to seem like I am doing
good try though bro
ya gotta diversify in investing.. cannot put all your eggs in one basket. 20% in 4 days is a massive drop. oil is also down which is good so that gas prices come back to earth.
if i were you i would buy some June puts on the SLV 34's or 35's are still not pricey. this way if silver drops another 10% you wont get so obliterated.
its not that he controls the price.. its that he has built such a reputation for being right that everyone follows his lead. same with Warren Buffet.
i just dont want to see the kid lose half his gains especially with the new baby.. someone said his life savings were in silver, thats like getting kicked in the nuts losing half your net worth.
If my long term savings are in silver right now, then there's no reason to worry jus because it goes down. That's why its called buy and hold. Not all my life savings are in silver lol I will diversify once I have enough money worth diversifying
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lartinos
Guest
That and the not having a real car is what makes this "investing" especially delusional. Time to sell the silver and get real. Work hard towards things that are worth his time so it can have a positive impact on his life. Silver, flipping cars, and all the other schemes are a waste of time.
Yea the car I have is fake, dodge didn't even make it. Some little kids in china put it together with fake parts. My wheels are so fake they don't even spin brah
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lartinos
Guest
Then how do you get around? Why did you pay 700 dollars for a toy car? Not that you can buy a real one for that much money.
Don't you think you should liquidate the silver and buy a decent car for your family before that POS breaks down?
calveless wonder
New member
Uh, no. This is what smart people say so they can take your money.
Thankfully one of those smart people is the old guy building my inheritance ever larger.
dealers are putting a 10 day hold on people who want to sell silver.
and also I am hearing margin requirements are gonna go up on silver so we are gonna see a ton of margin calls.
this is why i do not trade commodities, they move on bullshit up, and then they crater back down faster.
and also I am hearing margin requirements are gonna go up on silver so we are gonna see a ton of margin calls.
this is why i do not trade commodities, they move on bullshit up, and then they crater back down faster.
Strongbow
New member
Hey Boy, you want some Unleashed? Bwwwaahahahahahahahahahahahahah
axismundi
New member
Sold 25 ounces at 37 that I bought at 19. Needs to keep coming down so I can buy again at 19!
calveless wonder
New member
turfgrass is the new silver
based on commodity blowups I've seen its possible you will get your wish and then some.
look at the dry bulk blowup from a few years back. it would be interesting if the same thing happened here.
axismundi
New member
I know I will that's why I sold last month I knew it would hit 40ish then come back down
axismundi
New member
Bet what's his face is tripping from all the silver he was buying
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lartinos
Guest
He only invested a 1,000 dollars I think. He still could have sold it and walked away with a 100 bucks or whatever.
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lartinos
Guest
He actually owns glasses that see into the future
margin requirements on silver go to 18K by monday. that will force small investors to sell atleast a portion of their silver. with prices tanking they may not be able to sell to cover their margin requirements. this is why this drop was so fierce. 30% down in 4 days. boggles the mind.. the good news is oil has also tanked.. and gas prices are set to drop 15 cents overnite
axismundi
New member
margin requirements on silver go to 18K by monday. that will force small investors to sell atleast a portion of their silver. with prices tanking they may not be able to sell to cover their margin requirements. this is why this drop was so fierce. 30% down in 4 days. boggles the mind.. the good news is oil has also tanked.. and gas prices are set to drop 15 cents overnite
Gas dropped 25 cents here between the time I went into work and left today. Still 20 cents higher than it was 4 weeks ago.
Just wait till QE3 starts up lolol
nimbus
New member
javaguru
Banned
lolll..the fed's destroyed the value of directly owning valuable metals under FDR by restricting it to collectibles....that's ten times worse than slippage on stocks.
axismundi
New member
lmao
Dropped another 12% yesterday to $33.
Osama must have been the one buying it all
you've got dozens of commercials playing on fox news 24/7 saying to buy silver and gold. and you got glenn beck who rails about how the end of the world is coming and everyone should buy gold cause our currency will dissapear or some wild conspiracy theory.. this is what happens. it was a bubble and it burst. a lot of people lost their ass. the poor schmuck who put his life savings in at $50 lost a third of his wealth in 4 days. and the margin requirements will tighten up forcing him to sell
1 week ago people were panic buying, now people are panic selling. markets move fast.
1 week ago people were panic buying, now people are panic selling. markets move fast.
lolkaseltzer
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lartinos
Guest
silver at 50: ballin'!
silver at 35: bawlin
lol, if it goes down a ton more it seems like a possible investment. These people with these phony silver blogs and youtube videos are salesman obviously.Everyone has a motive, people just get blinded by all the silver dreams and get sucked into this BS.
calveless wonder
New member
jokerswild hasn't been around.
He must be busy getting his masters from Stone Cold University in Custodial Arts
He must be busy getting his masters from Stone Cold University in Custodial Arts
lolololololollololloloolofuk
calveless wonder
New member
foreskin market seems to be doing better
lots of splits
SPEKTOR-AAA
New member
oh gawd
I stopped buying around 35/oz, so I havent lost anything
Ima buy some more soon
People freak out and sell because it goes down low, but this is long term savings for me - 3 to 5 years
Ima buy some more soon
People freak out and sell because it goes down low, but this is long term savings for me - 3 to 5 years
calveless wonder
New member
But you didn't gain anything either. In fact you lost money due to the opportunity cost of having that money in this investment doing nothing.
You were also bragging a week ago about how much you made
This was not in your 5 year plan bro
I wasnt trying to gain anything bro....i was just bragging about how much silver had gone up but I wasnt planning on selling it. Plus how can I diversify when I only have 1500 in silver? Whats the point of having 300 in 5 different stocks? I dont have that much to lose imo. Im not touching the silver until it gets to 50/oz
Once I get some more money I will begin my Diversification
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lartinos
Guest
New thread for sure.
That capital "D" shows you really mean business Rob
Take that $1500 and buy some stocks with a high dividend that offer dividend reinvestment. Then keep buying more when you get more money. It's a good start ngr.
I wonder if myway and jon are still together and I wonder if she had that baby yet
Seriously, no.
Gold being the best long term investment because it's increased 25% yoy over the past 5 years.
