Long Position on Silver and Gold?

[Irving]

That's all truth.

[roberth]

MAP brought this to my attention over the weekend.

http://davidstockmanscontracorner.co...-live-volcano/

Thus, GAAP earnings of the S&P 500 in November 2014 were $106 per share on an LTM basis compared to $86.44 today. So earnings are down by 18.5%, meaning that the broad market PE multiple has escalated from an already sporty 19.3X back then to an outlandish 23.7X today.

Always and everywhere, such persistent profit collapses have signaled recession just around the corner. And there are plenty of macro-economic data points signaling just that.
For instance, total US business sales have fallen by 5.1% since mid-2014—-even as inventories have soared. This means that while Wall Street speculators have been dancing on the edge of the volcano for 18 months, the US economy’s tepid rebound has been petering out.

During the stock market’s most recent dead-cat bounce, the signals that the US economy is drifting into a downturn have only grown more frequent and intense. For instance, class 8 truck orders—-a classic leading indicator—–are now plunging. At the same time, inventories haven’t been this high since early 2007.

FedGov/FedRes have been painting a rosy picture with the help of Pravda/Izvestia, perhaps the true picture isn't so rosy.

[roberth]

Silver is pushing toward $16 this morning. WTI is over $40 and Brent is over $42, pump price will be going up.

[beast556]

Silver and gold have bolth made a good jump today.

[JohnTRourke]

oh dudes, silver is going up big from here, this is the bottom, I guarantee it

I just sold a good batch of it today, so that should pretty much be the bottom.

[th3w01f]

oh dudes, silver is going up big from here, this is the bottom, I guarantee it

I just sold a good batch of it today, so that should pretty much be the bottom.

I did my part to help too, I sold a bunch of gold miners on Friday. ;-)

[roberth]

oh dudes, silver is going up big from here, this is the bottom, I guarantee it

I just sold a good batch of it today, so that should pretty much be the bottom.

I did my part to help too, I sold a bunch of gold miners on Friday. ;-)

That is how it seems doesn't it.

[roberth]

Silver appears to be solidifying its move to the $16 handle, gold and oil are up a little bit too.

[JohnTRourke]

you could make millions doing the opposite of what i do

[roberth]

lol - i know what you mean.

I bought in at $40 silver and it has gone to $13.50 in the short term, while I have lost value on paper I haven't realized those losses by selling my holdings, so I have that going for me plus I'm in for the long term 20+ years.