Markets are a sea of RED Friday 9/23 | |
T-Man
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Anonymous Coward User ID: 73847342 United States 09/23/2022 10:16 AM Report Abusive Post Report Copyright Violation | Intrigued by why silver is remarkably steady this month. Perhaps its solar hopium or mor likely high tech weapons. Thoughts ? It’s not just money. It’s solar panels etc. Its also used in smart weapons like Tomahawk missiles.....a war material.... |
StellaBlue
(OP) User ID: 83880850 United States 09/23/2022 10:22 AM Report Abusive Post Report Copyright Violation | Thanks for the pin. September is typically the worst month for the markets. One week until the "October surprise "...? DART is going to play pinball with a couple close asteroids on Sunday. Maybe somebody knows something? It is better to trust in the Lord than to put confidence in man. -Psalm 118:8 No weapon that is formed against thee shall prosper. -Isaiah 54:17 If I disappear from this forum, aliens didn't take me- Jesus did! Give your heart to him today! |
Anonymous Coward User ID: 80363680 United States 09/23/2022 10:24 AM Report Abusive Post Report Copyright Violation | Intrigued by why silver is remarkably steady this month. Perhaps its solar hopium or mor likely high tech weapons. Thoughts ? It’s not just money. It’s solar panels etc. JP Morgan and central banks are pushing the paper market down while demand for physical silver is increasing because it is needed to make things, especially green energy things. So there is a disconnect between the COMEX paper market price and the physical market. This is reflected by the "premium" you have to pay to actually buy physical silver. My local coin shop is now charging 70% over the COMEX price for silver [10% for gold]. The normal for gold is 3% over in good times. This translates into there is a shortage of actual physical silver at the moment. And, the more interest rates go up and COMEX price decreases, mining companies are going to be less likely to produce more silver/gold since the Market Price [COMEX], which they are paid, is below their cost of production. A lot of mines are now switching to producing copper and other metal if they can. The only new silver/gold they produce will be from the byproduct of their other metal mining. Which means there will be less physical silver/gold produced going forward. Be interesting to watch to see if TPTB will get caught in their shorting of the COMEX. If physical demand out paces what they can manipulate, they will get burned. The LBB [London Bullion Bank] has more gold leaving their vaults than is coming in. They are one of the holders of bullion that the COMEX uses to set their paper price. No one really knows how much real gold/silver JP Morgan actually has to back the claims on the COMEX paper trading. Of course, they stole Russia bullion, so that helped shore up their holdings to keep the ruse going. Interesting times. |
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A_T_L
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Deano2020
User ID: 83808444 United States 09/23/2022 10:35 AM Report Abusive Post Report Copyright Violation | And the pundits are blaming today's drop on the Fed overdoing its inflation fight. They fail to tell you the truth. We are screwed because 1. Inflation 2. We are in a recession 3. Fed will continue to increase rates It's all about green energy. We are basically all fucked Deano2020 |
Deano2020
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StellaBlue
(OP) User ID: 83880850 United States 09/23/2022 10:39 AM Report Abusive Post Report Copyright Violation | And the pundits are blaming today's drop on the Fed overdoing its inflation fight. Quoting: Deano2020 They fail to tell you the truth. We are screwed because 1. Inflation 2. We are in a recession 3. Fed will continue to increase rates It's all about green energy. We are basically all fucked What is the tipping point for recession to go into depression? It is better to trust in the Lord than to put confidence in man. -Psalm 118:8 No weapon that is formed against thee shall prosper. -Isaiah 54:17 If I disappear from this forum, aliens didn't take me- Jesus did! Give your heart to him today! |
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Larphillips
User ID: 83270745 United States 09/23/2022 10:43 AM Report Abusive Post Report Copyright Violation | What the hell, everything is carshing???? Stocks, metals,crypto....how do you protect your money in this climate??? Quoting: Anonymous Coward 84220429 take your money out of the banks and keep it at home. bam. done. let it crash all around you. you will be safe Cash is being eaten alive due to inflation, and there is no guarantee they won’t wipe out physical currency in the US. It may be time to pull cash, hang onto a percentage during any possibly transition, and convert the bulk to silver (Eagles, Maples, or any other widely recognized mint bullion.) Stsck heavy and sit. If nothing happens, trade back for FRNs. Even a small loss there is better than a total loss should it all go belly up. “A person is smart, people are stupid.” “Nobody knows until everybody knows” |
Larphillips
User ID: 83270745 United States 09/23/2022 10:45 AM Report Abusive Post Report Copyright Violation | And the pundits are blaming today's drop on the Fed overdoing its inflation fight. Quoting: Deano2020 They fail to tell you the truth. We are screwed because 1. Inflation 2. We are in a recession 3. Fed will continue to increase rates It's all about green energy. We are basically all fucked What is the tipping point for recession to go into depression? We’re well already there and have been for a few months now. All that’s lacking is any ‘official’ acknowledgment of such. I guess the last tipping point, where they can’t hide or lie about it any longer, is when the bullshit employment numbers get exposed (or we see a pickup in the mass layoffs that are already happening.) “A person is smart, people are stupid.” “Nobody knows until everybody knows” |
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Anonymous Coward User ID: 82692028 Singapore 09/23/2022 10:47 AM Report Abusive Post Report Copyright Violation | And the pundits are blaming today's drop on the Fed overdoing its inflation fight. Quoting: Deano2020 They fail to tell you the truth. We are screwed because 1. Inflation 2. We are in a recession 3. Fed will continue to increase rates It's all about green energy. We are basically all fucked What is the tipping point for recession to go into depression? this is a bigger collapse its the 100 year housing crash except its exponentially bigger everytime so this will be a 90% ie 9 times bigger crash than the last big one fundamentals are different now its totally eclipsing and smashing the foundations of the stockmarket unlike the previous 100 year crash which wasn't big enough to do that |
A_T_L
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Original Bunnyswanson
User ID: 84245447 09/23/2022 10:50 AM Report Abusive Post Report Copyright Violation | No…they have cornered the market and now, they are extracting (selling). The little investor is going to feel the pain. This has happened many times and is why our government is good for nothing. The price of liberty and even of common humanity is eternal vigilance.” —Aldous Huxley For the waywardness of the simple will kill them, and the complacency of fools will destroy them. Proverbs |
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Anonymous Coward User ID: 84039167 United States 09/23/2022 11:08 AM Report Abusive Post Report Copyright Violation | 30K is a psychological level. Quoting: Lady Jane Smith Break below, and a lot of people will start bailing. The futures are below that now.... I think that the “ crash of 29” is so firmly embedded in the public consciousness that they will indeed sell when we drop into “29 “territory. |