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Thread: PMs dumping hard today

  1. #1
    Moderator madfranks's Avatar
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    PMs dumping hard today

    Gold down $15, silver down almost $0.60. It's been a while since we've seen $15 silver.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
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    Unobtanium
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    Re: PMs dumping hard today

    I'm expecting a low (we have to be near it), then a broad slingshot.

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    Iridium
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    Re: PMs dumping hard today

    I agree with Ximmy but it really makes no difference to me how many FRNs are associated with an ounce of gold and silver at any given time. It's all fake and manipulated anyway. The true value of PM's never changes, just the numbers associated with it. Wealth preservation is the only real reason to invest in PMs IMHO, not profit or loss!
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    Moderator madfranks's Avatar
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    Re: PMs dumping hard today

    Quote Originally Posted by Joshua01 View Post
    I agree with Ximmy but it really makes no difference to me how many FRNs are associated with an ounce of gold and silver at any given time. It's all fake and manipulated anyway. The true value of PM's never changes, just the numbers associated with it. Wealth preservation is the only real reason to invest in PMs IMHO, not profit or loss!
    Are you buying or planning to buy any PMs in the near term? If so, the price should matter. I want the most bang for my buck.
    "Liberty is so creative, and the government is so stupid, that I’m very optimistic about the future"
    - Lew Rockwell

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    Joshua01 (7th July 2017)

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    Unobtanium osoab's Avatar
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    Re: PMs dumping hard today

    Quote Originally Posted by ximmy View Post
    I'm expecting a low (we have to be near it), then a broad slingshot.
    What are drinking? I would like to sample that stuff.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

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    .999 Unobtanium Horn's Avatar
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    Re: PMs dumping hard today

    What's the problem, you've got Bitcoin.

    Bitcoin can microwave entire continents.

  10. #7
    Unobtanium
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    Re: PMs dumping hard today

    Quote Originally Posted by osoab View Post
    What are drinking? I would like to sample that stuff.
    I posted about it here:
    Gold, Silver and the Economic Confidence Model

  11. #8
    .999 Unobtanium Horn's Avatar
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    Re: PMs dumping hard today

    Does it include a better description of what a broad slingshot is, i aint up on those financial type terms.

    Is it like a bullhorn march?

    Or a black swansong

  12. #9
    Unobtanium osoab's Avatar
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    Re: PMs dumping hard today

    Quote Originally Posted by ximmy View Post
    Looks like gold is ready to go to the crapper then. Wilver will only fall further.
    “Democracy is also a form of worship. It is the worship of Jackals by Jackasses. It is the theory that the common people know what they want, and deserve to get it good and hard.”
    H.L. Mencken

    "The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary."
    H. L. Mencken

  13. #10
    Unobtanium
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    Re: PMs dumping hard today

    Quote Originally Posted by Horn View Post
    Does it include a better description of what a broad slingshot is, i aint up on those financial type terms.

    Is it like a bullhorn march?

    Or a black swansong
    https://cdn.thisiswhyimbroke.com/ima...-slingshot.jpg

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