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Title: Looks Like A Stock Market Crash This AM
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Published: Mar 5, 2007
Author: me
Post Date: 2007-03-05 09:31:10 by tom007
Keywords: None
Views: 366
Comments: 17
Just my observation - all red on the screen.
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#1. To: All (#0)
The PM's are certainly getting hammered...
Good time to buy silver. Wish I had $12k lying around right now to sink into it. Come to think of it, if I did have that kind of cash, I would be buying some Liberty Dollars. ;0)
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
If you want to see "hammered" check out the subprime lenders, NEW NFI etc. 50% drop. Today.
Gold: $640.00 | Silver: $12.66 Maybe the insanity has stopped.
Just desserts. :p
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
Maybe the insanity has stopped. Ted Butler says to expect volatility of these extremes in this bull market.
"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke
Whoa! Nellie - I hope those guys work in buildings with fixed-pane glass.
According to Yahoo, Dow is up 26.67 at the moment.
Katrina was America's Chernobyl.
After what I read last night I had a feeling there might be a crash today.
Dow now up 35.89.
Katrina was America's Chernobyl.
A local radio station was assigning people their new hobo names; "Gummy Ned", "Onion Pockets", etc.
Victory means exit strategy, and it’s important for the President to explain to us what the exit strategy is. ~George W. Bush Yup, I probably shouldn't have posted that! It will be interesting to see how it progresses throughout the day though. It may not crash today, but it's probably inevitable that it will sometime in the next few years...
Okey, now it will probably go through the roof! (And now that I've said that, it may take a plunge)
Maybe the insanity has stopped. Here's the one that matters: USD 84.07 +0.43 The Plunge Protection Team is working overtime... Gold and silver prices are as manipulated as anything else in the markets. As long as the Fed keeps the printing presses running, they can keep the scheme going for a good while longer. BUT sooner or later - it WILL come crashing down. That's when gold, silver, and tangibles will be the ticket - ESPECIALLY FOOD. Having said that, BTP is right - I'd be getting more silver now with all the spare change I had. BAD time to get gold though, the gold/silver ratio is a little over 50:1 You want to wait to get the gold when that ratio is closer to 20:1 Here's how you make a fortune... The "natural" gold to silver balance is 16:1 (based upon the fact that there is 1 oz of gold in the earth for every 16 ozs of silver). So you take your gold to the bullion dealer when the g/s ratio is very high (like now - History's record spread is 100:1 on the high side, and 10:1 on the low) and trade it all in for silver. Then a few years later when the spread goes back towards the "norm" you take all your silver back to the dealer and trade it for gold... If you took 10 ozs of gold down right now you'd get 500 ozs of silver. Then when the ratio hits 20:1 you take those 500 ozs down and you'll get back 25 ozs of gold.... Play that seesaw for say 40 years and you'll have amassed quite a fortune. AND the real beauty??? You're NOT dealing in paper currencies or FRNs and therefore it isn't subject to taxation!!!
No matter how noble the objectives of a government; if it blurs decency and kindness, cheapens human life, and breeds ill will and suspicion - it is an EVIL government. Eric Hoffer
Yahoo! has the Dow down 4.65 (0.04%) right now.
Most of the big down moves come out of nowhere. Otherwise the smart money already knows about them and does not panic.
That would be a "Stock Market Crash".
#2. To: tom007 (#1)
#3. To: lodwick (#2)
(Edited)
The PM's are certainly getting hammered...
#4. To: lodwick (#2)
The PM's are certainly getting hammered...
#5. To: BTP Holdings. all (#3)
#6. To: tom007 (#4)
If you want to see "hammered" check out the subprime lenders, NEW NFI etc. 50% drop. Today
#7. To: lodwick (#5)
Gold: $640.00 | Silver: $12.66
#8. To: tom007 (#4)
50% drop. Today.
#9. To: tom007 (#0)
#10. To: tom007 (#0)
#11. To: Diana (#10)
#12. To: Diana (#10)
(About the quote: Speaking on the war in Kosovo.)
#13. To: aristeides (#11)
Dow now up 35.89.
#14. To: robin, aristeides, tom007 (#12)
#15. To: lodwick, BTP Holdings, Tom 007 (#5)
Gold: $640.00 | Silver: $12.66
#16. To: Diana (#14)
#17. To: Diana (#10)
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