So are we going back to Pieces of Eight?
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So are we going back to Pieces of Eight?
In Gold? I'll take one.Originally Posted by Aloha_Shooter
Well, anyone else see silver took a major dive last night? Almost hit $15.10 before coming back up to about $15.40 this morning. Wow.
Last edited by hollohas; 11-05-2014 at 07:53.
I'm waiting for $1 /oz so I can buy a trailer full of it.
Well, anyone else see silver took a major dive last night? Almost hit $15.10 before coming back up to about $15.40 this morning. Wow.
JNUG and NUGT are too low NOT to buy...
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"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
no kidding...JNUG and NUGT are too low NOT to buy...
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Sawin - Feedback thread.
Ha! I bought a few hundred dollars of JNUG and NUGT and then they each went down another 5-10%. This should be fun.
My Feedback
"When law and morality contradict each other, the citizen has the cruel alternative of either losing his moral sense or losing his respect for the law." -Frederic Bastiat
"I am a conservative. Quite possibly I am on the losing side; often I think so. Yet, out of a curious perversity I had rather lose with Socrates, let us say, than win with Lenin."
― Russell Kirk, Author of The Conservative Mind
Just a thought... with PMs so low, wouldn't mining companies be not doing so hot since they cannot sell the PMs to cover the cost of extraction?
Yes. Victor Sperandeo says this today in his interview with King World News:
Right now we are at the breaking point for most gold mining companies. This is a place where production costs are greater than than the current price. Even Goldcorp recently reported a loss. But when mining companies start to lose money, many of them will just choose to shut down production because they will be hemorrhaging cash in order to supply the additional gold to an already robust market in terms of physical demand. Some will keep producing but they will slow production and let go of workers. This is why you always get contango markets on low-priced commodities. This happens because nobody wants to sell when prices are too low.
http://disciplejourney.com
“Make men large and strong and tyranny will bankrupt itself in making shackles for them.” – Rev. Henry Ward Beecher (1813-1887) US Abolitionist Preacher
CIPCIP
HA! That makes me feel so much less of an idiot in the economical stuff.
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