Damnit ... silver

[azanon]

Azanon,

Looks like your wish won't come true yet (but give it between 5-10 years and it should occur by then, which of course I plan to be considerably short silver at that point in time.).

Silver just went up about 10%, just as I predicted in my quote below.....but, don't stop and judge too much yet, because it will probably go even higher.


One more note of kindness for you especially.....since you are in general stocks, I should warn you that by every metric I use, this cyclical bull is quickly approaching the end of it's life. I expect a correction downards to start sometime in the next several months, most likely by November. I suppose it could show up later than November (that is, if the S&P decides it's going to hit 1450 before it starts to correct), but anyone in general stocks right now is playing with fire.

1. Silver is down about 30% from 1 year ago, measured today. You'd have your work cut out for you to find something worse than that.

2. Stock market timing is a sucker's game. I am/always will be invested in stocks.

3. I noticed you mentioned the S&P 500, a U.S. stock Metric. I thought I mentioned in the past that I have mostly foreign holdings. I'd actually agree that, relative to world valuations, that U.S. stocks are among the more expensive, hence my underweight of U.S. Stocks.

4. According to Morningstar's advanced allocation tool, I actually have approximately 8% of "basic materials" in my portfolio. This would actually include investments such as silver though, naturally, my actual silver weighting would be well under 1% overall. Precious metals/materials can have a place in a portfolio, but the wise investor has only a dash of these.

Glad I could help!

Azanon

 

[Poonani Maker]

2. Stock market timing is a sucker's game. I am/always will be invested in stocks.

Glad I could help!

Azanon

Man, are you in for a harsh reality. The ONLY way to play this market since 2008 is to be a daytrader. "Investors" get slaughtered, unless it's APPL.

You want to be in cash end of day, never a sitting duck out there for a big ole nice gap down in the morning. I don't care how good the company is.

Gold and silver, to me are a hedge, for a debt bubble bursting, Unless the Fed does in America just like Japan, where jobs keep falling and the econ stays stagnant for a decade or more from now.

It's when I get stuck in a position and I have to Wait a looong time to get my money back IF I ever get my money back, that I am missing out on playing other opportunities cause my money's tied up in something I "invested" in, married to. The longer you hold, the longer you may slip into marriage. Get in, and get the Fvck out! This is no market for investors. It's entirely choppy, value cannot be determined, there are no uptrends or downtrends, there are just chopping in and chopping out.

I made $10 on a short today, just threw in the towel and bought to cover (even though it was going my way, it was going my way too slow). When it doesn't go your way, you get the fvck out.

Silver and gold is different, like I said, a hedge against the dollar. It's your safety net should this whole thing start splitting apart, interest rates rising, and thus, food, everything you buy rising. It's about the Only asset I keep besides land, besides my house. Everything else is traded and traded quickly.

 

[OzyBoy]

+1 with the above post. :kick:

 

[Mr.Positive]

Peak silver is here.

Can't argue with supply and demand. Can't make silver either.

http://networkedblogs.com/BC2b6

 

[Poonani Maker]

http://www.youtube.com/watch?v=2i_2Ulod08Q

 

[Vice]

Just dropped about $10k on silver ETFs, sucked hard when I realized I bought too early and the price dipped by like twenty cents. Always sucks to immediately lose money when entering a trade lol

Anyway it looks cheap, underbought, and the market is in an overbought condition. Exit price is about $22 per share, but we'll assess the situation as we get there.

 

[AAAgent]

made 40% on silver and 90% on gold ETF's miners about 4-5 months ago. I bought back in after the gold dip but i'm still currently down.

 

[Vice]

I made a killing on both of these markets at their peak in 2011.

I have been buying for the last year and will continue buying. Gold is already hugging the cost curve and some mines are shutting down.

Combine this with the money printing extravaganza, unfunded entitlements and no room to raise interest rates and it is easy to see this bull market in metals is not done yet.

Keeping buying whenever you can....average your cost down and when it turns upward in the next cycle you will do very well.

Had the same experience in 2011 shorting silver during that free fall week.

Any idea when you think the next cycle starts back up? I've been thinking of buying in $1k chunks, since spending money on commissions sucks.

As I said before, everyone and their mom is piling into stocks, ignoring everything you mentioned above.

Unfortunately, silver is hugging that downward trend on the 10-day moving average and doesn't want to break through; yet.

Keep up that accumulation. Sell when the guy at work who talks only about sports starts talking about his silver investments/

 

[Create Reality]

DIG baby, DIG

 

[Driggs]

Don't get me started talking about bitcoin.

I could have been a billionaire.

 

[cordoncordon]

Same here as far as Bitcoins. I was really looking at buying some about 3 years ago. Blows my mind the money I blew.

I can give you guys a possible play using another angle on bitcoins though. A stock. Bitcoins are on fire, in fact breaking $700 today and they are all over the news on CNBC, MSNBC, Time, the 6:30 nightly news etc. There is a bitcoin frenzy about to start that the OTC has not seen since the days of the internet bubble and hurricane stocks of the early 2000's. The ONLY bitcoin play I can find is ELRA. 29 M OS only and they are opening up a bitcoin casino AND an exchange in China. China is the worlds #1 user of bitcoins and it isn't even close. The stock started to move up today to 7 cents and I think it heads well over $1 within a week or two. Going to fun, just like the old days when penny stocks went up 500% in a day.

 

[Atom Smasher]

I just bought a single bitcoin two days ago out of curiosity for $489, right now it's at $700. I was actually thinking of dropping 10K on it initially (at 489) but figured the chances were high that it was already peaking.

 

[Atom Smasher]

I think you're right about that. It's only one coin, so I might just let her ride just to see what happens. I think it might collapse to even way below $400, and then do a more realistic, steady rise over the next few years. That's the time I'll consider playing for real.

 

[Vice]

Guys, keep in mind that BitCoin is one of DOZENS of cryptocurrencies. It's a commodity that happens to be pumped by the mainstream media. Not to mention the numerous "bank robberies" that occur and make people lose money.

I'd stay far, far away. Yeah, others are getting rich, but someone's going to be holding the bag.

I used to use school computers to mine BitCoin, so my 0.02 BTC is worth like $14 LOL

But yeah, I'm seeing tons of hype around stocks, especially on Yahoo. There's even an article with a title similar to "Why buying stocks at the top of the market is a good idea". What a racket. I guess an equivalent Yahoo article on dating would be titled "Why buying women dinner is a great strategy"

 

[Create Reality]

I guess a video card isn't good enough, it takes more power than it's worth!

 

[Fatal Jay]

Lol the only thing that's going to be worth something in this steady declining economy is food and water.

These guys who invest in all this gold and silver think when the market crash, they will be kings of the universe when the dollar fails and they have the gold coins and silver.

Gold doesn't sustain your hunger or thirst.

Food and water will be more valuable then someone life once this economy crash and won't see the light of day ever again.

 

[Vice]

Lol the only thing that's going to be worth something in this steady declining economy is food and water.

These guys who invest in all this gold and silver think when the market crash, they will be kings of the universe when the dollar fails and they have the gold coins and silver.

Gold doesn't sustain your hunger or thirst.

Food and water will be more valuable then someone life once this economy crash and won't see the light of day ever again.

Gold and silver are commonly accepted mediums of exchange. If there's a SHTF scenario, stuff like matches and lighters will be valuable as well.

The chances of a catastrophic market crash are also very slim; you can thank the very effective marketing of those survival shows and the "survival" market in general for hyping up the "sh*t hits the fan" concept.

We'll see more bailouts at the taxpayer's expense and runaway inflation WAY before any of that. I wouldn't go any farther than learning survival skills as a hobby. Stockpiling food/water/precious metals is only going to get you so far. Learning leadership and how to lead an effective group will get you farther in that kind of situation.

 

[Vice]

Looks like we're getting close to the bottom... and it also looks like market may be correcting...

 

[Fatal Jay]

Gold and silver will be the only thing I invest in, I will not ever invest in the stock market, because the bubble is about to pop, and their will be an huge crash coming. People are going to lose tons of money.

Invest in gold and silver tangibles.

But more then gold and silver I am investing in boatloads of water and can good foods. I'm getting to the point where I have a month supply to survive on.

Be looking for the economy to soon crash in early 2014. Warren Buffet is slowly exiting the U.S stock market

 

[Vice]

Cheers to everyone that's been riding silver through the resistance point!