Long Position on Silver and Gold?

[HoneyBadger]

Haha! Okay. In all seriousness, he's been prophetically declaring the end of economic times since he started his site - which is his primary source of income. In his own bio on the site, he doesn't list any economic credentials... just that he is a professional blogger - which means he gets paid to write. If more people read his stuff, he gets paid more. If you deny that he is running the site to make money, then either I am really missing a lot of information, or you're being logically inconsistent.

But like I said, don't take investing advice from me - I don't have a background in economics either.

[roberth]

What I find weird about today is that silver is down along with fiat.

DOW down 430 now, S&P 500 under 2k.

[sellersm]

Haha! Okay. In all seriousness, he's been prophetically declaring the end of economic times since he started his site - which is his primary source of income. In his own bio on the site, he doesn't list any economic credentials... just that he is a professional blogger - which means he gets paid to write. If more people read his stuff, he gets paid more. If you deny that he is running the site to make money, then either I am really missing a lot of information, or you're being logically inconsistent.

But like I said, don't take investing advice from me - I don't have a background in economics either.

Fair enough. I'm not denying that at all. I just find it odd that so many like to criticize the content of a site that has ads on it. If he needs to sell stuff to live, what's wrong with that? Heck, isn't that what Magpul and Primary Arms and all the other places do? Gotta love capitalism!!

Anyways, I've found that most of the people, like Michael, who do *not* have 'economics' backgrounds, to be far more accurate in their predictions.

And I'm saying that there's more to Michael than just this blog. I'd suggest you read his book and other things he's written...

Bottom line, DOW is now down 529 points. Something's going on and it's *NOT* "just" a correction: that term is a disinformation term.

I'm trying to encourage folks to be prepared, the bottom's dropping and things will begin to happen. That is all. Carry on.

[roberth]

Right now it is a correction

http://www.investopedia.com/terms/c/correction.asp

DEFINITION of 'Correction'

A reverse movement, usually negative, of at least 10% in a stock, bond, commodity or index to adjust for an overvaluation. Corrections are generally temporary price declines interrupting an uptrend in the market or an asset. A correction has a shorter duration than a bear market or a recession, but it can be a precursor to either.

The coming weeks will tell us if it temporary or not.

I believe we've been in degrees of recession since the first TARP program. This recession has affected the lower and middle classes, the upper class hasn't been touched yet, if there is a new QE program the upper class will remain untouched and the lower and middle classes will suffer even more degradation of their purchasing power. I'm fairly certain they'll do a new QE, my only question is when.

We're hearing alot about rate hikes too, I don't think FedRes is going to raise the interest rates, at least not while Dear Leader is running this country into the ground.

[brutal]

Nice. Today just wiped out all gains I had in my 401k in the last 8 months.

[sellersm]

Those invested in an inverse ETF are pleased!


Sent from my fat fingers using Tapatalk

[sniper7]

Today definitely hurt.

[MrPrena]

I need to know if crude will go down to 38 or 32 now!
I was out of inverse ETF/ETN since aprl ish. I wanted to go long , but still waiting.

Missed out on Sprint again! (2nd time in a row missing out on S).

[HoneyBadger]

I need to know if crude will go down to 38 or 32 now!
I was out of inverse ETF/ETN since aprl ish. I wanted to go long , but still waiting.

Missed out on Sprint again! (2nd time in a row missing out on S).

I rode sprint up from 3.48 after I saw it bottom out. Planning on selling on Monday. First good investment I've made in a while...

[th3w01f]

I need to know if crude will go down to 38 or 32 now!
I was out of inverse ETF/ETN since aprl ish. I wanted to go long , but still waiting.

Missed out on Sprint again! (2nd time in a row missing out on S).

Let me know when you figure out the price of crude, I'm waiting to go long on SM.