Long Position on Silver and Gold?

[roberth]

http://money.cnn.com/2015/07/21/inve...pper-aluminum/

Gold in the $109x range, silver in the $14.xx range, will WTI dip under $50 this week?

[roberth]

WTI just dropped under $50 - come on pump price.

http://www.bloomberg.com/energy

[Rooskibar03]

WTI just dropped under $50 - come on pump price.

http://www.bloomberg.com/energy

Interesting as its gone up .20 in the last 10 days by my house.

[roberth]

Interesting as its gone up .20 in the last 10 days by my house.

Yes, I find that interesting too. We're supposed to have a glut of oil but that doesn't mean they're making gasoline, they might be doing other things with it, what we really need are a couple more refineries.

$49.21 for WTI now.

[sellersm]

Interesting view on how commodities always tank before a market crash: http://theeconomiccollapseblog.com/a...ning-right-now

Snippet:

If we were going to see a stock market crash in the United States in the fall of 2015 (to use a hypothetical example), we would expect to see commodity prices begin to crash a few months ahead of time. This is precisely what happened just before the great financial crisis of 2008, and we are watching the exact same thing happen again right now.

On Wednesday, commodities got absolutely pummeled, and at this point the Bloomberg Commodity Index is down a whopping 26 percent over the past twelve months.

When global economic activity slows down, demand for raw materials sinks and prices drop. So important global commodities such as copper, iron ore, aluminum, zinc, nickel, lead, tin and lumber are all considered to be key “leading indicators” that can tell us a lot about where things are heading next. And what they are telling us right now is that we are rapidly approaching a global economic meltdown.

If the global economy was actually healthy and expanding, the demand for commodities would be increasing and that would tend to drive prices up. But instead, prices continue to go down.

The Bloomberg Commodity Index just hit a brand new 13-year low. That means that global commodity prices are already lower than they were during the worst moments of the last financial crisis…

[roberth]

Gold is at $1095 and silver $14.87 right now - http://www.kitco.com/market/ Most vendors adjust their premiums upward so they don't lose money on PMs they have in stock.

I've been looking for a BIG NYSE/Nasdaq/S&P500 correction, like 30% but I think FedRes/FedGov will start QE4 to boost stock/bond/securities prices before the the correction starts or in the early going to stop the correction.

[DFBrews]

Gold is at $1095 and silver $14.87 right now - http://www.kitco.com/market/ Most vendors adjust their premiums upward so they don't lose money on PMs they have in stock.

I've been looking for a BIG NYSE/Nasdaq/S&P500 correction, like 30% but I think FedRes/FedGov will start QE4 to boost stock/bond/securities prices before the the correction starts or in the early going to stop the correction.

Think it about time to move 401k stocks around?

[roberth]

I don't know, I don't do paper.

If I did I'd probably start watching for an announcement of the next round of QE (hint - look for an end date of Japan/EU QE because those 2 are running right now), examine my portfolio performance from 2007 - current, figure out the individual stocks in my various mutual funds and chart their performance. Then I'd try to find a few stable mutual funds that carried most of the good performing stocks and swing my 401K into those. It will be a boatload of work and it might payoff.

OTOH, in a few years when the government changes the 401K from tax-deferred to taxable and then takes their whack immediately all your hard work researching will have been wasted, once FedGov takes the first whack they'll be back for more, just like a heroin addict, and they'll drain your accounts and you'll have nothing in the end.

http://www.usdebtclock.org/

http://www.bloombergview.com/quickta...es-qe-quandary - article uploaded on June 18, 2015

It’s the new conventional wisdom: When all else fails to make economies grow, create new money and buy government bonds. That’s the formula dubbed quantitative easing, or QE.

[BushMasterBoy]

I think this may be the beginning of a huge depression financially. Wiemar Republic style...

https://en.wikipedia.org/wiki/Hyperi...eimar_Republic

[sellersm]

Think it about time to move 401k stocks around?

See my post #1063 for a recommendation: https://www.ar-15.co/threads/91081-L...=1#post1877297

If I still had a 401K or some kind of investment vehicle, this is what I'd do. You can invest in gold, silver, ammo, firearms, storage food, etc...