Lancers32
Often Wrong Never In Doubt
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Tomato tomato. Still selling mining shares lately regardless of what Silver does. Decent up day and flat to down sharply. Seems like GMTFO at any price now.
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Tomato tomato. Still selling mining shares lately regardless of what Silver does. Decent up day and flat to down sharply. Seems like GMTFO at any price now.Perhaps a bottom but this is not really a capitulation. We are in the middle of a bull market even though it doesn't really feel great right now.
I'm moving my money to East Timor. Of course I need to find that on a map 1st.Worth a watch...
I'm moving my money to East Timor. Of course I need to find that on a map 1st.
The Blood Bath Phase of the Crash Has Begun
Precious metals aren't going to bottom until stocks are pretty close to the bottom. I think we're entering a blood bath phase: 5 to 7 days of all-out panic selling.goldseek.com
Tomato tomato. Still selling mining shares lately regardless of what Silver does. Decent up day and flat to down sharply. Seems like GMTFO at any price now.
Claims he called the bottom in metals yesterday. So if you want the good good ya gots ta pay. Seems he has the same screenwriter as David Brady.The Blood Bath Phase of the Crash Has Begun
Precious metals aren't going to bottom until stocks are pretty close to the bottom. I think we're entering a blood bath phase: 5 to 7 days of all-out panic selling.goldseek.com
Claims he called the bottom in metals yesterday. So if you want the good good ya gots ta pay. Seems he has the same screenwriter as David Brady.
Say what?
BJ's Blows It & Dick's Shrink: Consumer Concerns Spook Stocks, Flattens Yield-Curve | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Wrong kind of boyfriends I would imagine.I watched this and many like it. You can see how the education system has been used to set one significant part of the USA against the other. The question that arises is how organic was it, and how much of it was brought about by some external influence?
Brady weighs in. A little back and forth with Savage. So Brady is long but it still looking for sub 22 Silver. This guys works for Sprott?
Well, from the 'even a broken clock is right twice a day' club, I will say that the call SLV options I bought last week out of the money are treating me well. They are currently in the money. I have a stop in place now for a third of the options. If it triggers I will have broken even and be playing with house money. I will put a limit order in for another third of them that, if triggered, will double my original outlay. The rest of it will ride, just in case we get a moon shot between now and Sept 15.LOL... maybe we should charge for the Fringe, as good a track record as any. {dismal + 25%}
The gold market is trading near session highs, seeing some modest safe-haven flows as activity in both the U.S. manufacturing and service sectors contracted more than expected.
The S&P Global Flash U.S. manufacturing PMI data dropped to 47.0%, down from July's reading of 49. According to consensus estimates, economists were looking for a relatively unchanged reading at 48.9.
Activity in the manufacturing sector has fallen to a two-month low, the report said.
Meanwhile, activity in the service sector was weaker than expected, falling to 51.0%, down from last month's reading of 52.3. Economists were looking for a print around 52.1.
The report said that activity in the service sector has dropped to a six-month low.
...
...
- Despite a remarkable rally in stock markets so far this year, concerns have been growing over the potential ripple effect of a prolonged slowdown in the world's second-largest economy.
- David Roche, president and global strategist at Independent Strategy, told CNBC's "Squawk Box Europe" on Thursday that global stock markets were failing to price in a long-term decline in the role that manufacturing plays in powering emerging market economies.
- He suggested the market is due a "very big" downward correction, once many concurrent geopolitical and macroeconomic risks are properly priced in.
He added that economies that historically exported manufactured goods will struggle to generate any meaningful growth in that sector, which will cause "big disappointments in populations, more geopolitical problems and more riots in the streets."
"The Chinese model is clearly washed up on the beach with a huge number of legacy holes in it, and it's not going to take off again," Roche said.
...
He suggested that the market is due a "very big" downward correction, once these many concurrent risks are eventually taken into account.
As such, Roche recommended investors should look to "slowly accumulate" U.S. Treasurys and safe haven assets that offer yields at their currently cheap levels.
...
Well, from the 'even a broken clock is right twice a day' club, I will say that the call SLV options I bought last week out of the money are treating me well. They are currently in the money. I have a stop in place now for a third of the options. If it triggers I will have broken even and be playing with house money. I will put a limit order in for another third of them that, if triggered, will double my original outlay. The rest of it will ride, just in case we get a moon shot between now and Sept 15.
More:
China's economic model is 'washed up on the beach,' says veteran investor David Roche
China's economic model is "washed up on the beach" and "not going to take off again," which will have a big impact on global markets, says veteran investor David Roche.www.cnbc.com
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