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captain, my first metal play. Near term, how high is potential? In your opinion?
TIA
#SIL: ROCKET SHIP ABOUT TO LIFT OFF.... $38.23
#SIL: ROCKET SHIP ABOUT TO LIFT OFF.... $38.23
Hi Captain, are you still involved?
#SIL: OFF TO THE RACES....
Is Silver Going to $300?
https://www.silverdoctors.com/silver/silver-news/is-silver-going-to-300/
There are some indicators worth examining…
by Peter Krauth via Streetwise Reports
I know this might sound ridiculous to some, but I think silver could reach $300.
No, I haven’t lost my mind. After all, it’s a metal that’s known for massive rallies.
You see, when silver went through its 1970s bull market, it started from a low of $1.31 in October 1971. By the time it reached its peak in 1980, silver had run all the way up to $49. That was a 37x return.
If we consider that silver was priced at $4.20 in late 2001, a 37x return would take it to about $155. However, I think this bull market could be an order of magnitude larger for a number of reasons, the main ones being debt, credit and money printing.
As a result, I think silver’s ultimate peak could be $300, and I won’t rule out possibly even higher.
Bullish Silver Fundamentals
Most developed and many developing nations have been in multi-year or even multi-decade deficit scenarios. This now looks to have become a permanent state, at least until we reach some sort of global financial reset.
The Institute of International Finance explains how the COVID-19 pandemic response added $24 trillion to the global debt mountain last year, to reach a new all-time record high of $281 trillion.
And interest rates being maintained at 5,000-year lows will only encourage more debt. Couple that with many countries borrowing to meet interest payments, and central banks soaking up much of that new sovereign debt, and inflation havens like precious metals gain strong appeal.
Silver in particular has the added benefit of 50% of its demand being industrial. With unprecedented economic stimulus programs, many favoring green energy, silver is uniquely positioned to profit. What’s more, according to Metals Focus, silver supply was down 4% in 2020 by 42 million ounces. According to the Silver Institute, total supply will rise by 8% this year, though total demand will rise nearly twice as much, by 15%, led by industrial, jewelry and physical demand.
So, the fundamental side of silver demand is looking strong, but the technical side is also very bullish.
Bullish Silver Technicals
Let’s consider the gold-silver ratio.
As a quick refresher, the gold-silver ratio is calculated by simply dividing the spot price for one gold ounce by the spot price of one silver ounce. That’s it. Naturally the higher the ratio, the more silver ounces are needed to buy one gold ounce, and vice versa. The most bullish scenario is when the ratio is falling from a high level, ideally from above 80, and the silver price is rising.
Here’s a chart of the gold silver ratio during the 1970s silver bull market.
To me it’s very intriguing to note how recessions, which are the grey vertical bars, tended to mark troughs and/or peaks in the ratio. What’s also interesting is that when silver reached its peak in 1980, the gold-silver ratio ultimately bottomed around the same time at a level near 15, which was below the starting point near 20.
Let’s now move to the current silver bull market that I believe began in 2001. The following chart shows us silver prices since 2000, not adjusted for inflation.
Of course, silver had a tremendous run from $4.20 in 2001 to its 2011 peak at $49. It then corrected until late 2015, then moved sideways until bottoming near $12 last year in March. It had a tremendous move up to $30 within just five months and has been mostly consolidating since.
Now let’s examine the gold-silver ratio action since 2001.
Again we see peaks and troughs tend to occur (though not exclusively) around recessions (gray bars). At silver’s peak in 2011, the ratio bottomed near 33. It then rose almost constantly up to its all-time peak last March at 125, then fell dramatically to its current level around 67, as silver started to significantly outpace gold. Consider that we know from history silver always outperforms gold in precious metals bull markets. So the current action is particularly exciting for silver.
Silver Targets
But what does it all mean for how high the silver price can go? Of course, no one knows for sure. But there are some indicators worth examining for clues and suggestions.
I believe the ratio will ultimately reach a low near 15. And given the inflationary path we’re on, I think gold could peak at $5,000 per ounce. That’s just 2.5 times last August’s peak near $2,000. In fact, I think there’s even a decent chance gold could reach $10,000, which is just five times last August’s peak. But if we stick with $5,000, and an ultimate bottom in the gold-silver ratio of 15, we get ($5,000/15) $333 per ounce of silver.
Let’s look at silver price targets from another angle: inflation.
If we consider inflation-adjusted silver prices going back to 1970, we see that the peak reached in 1980 was actually $120/ounce in today’s dollars, and that’s using government sanctioned inflation statistics, which tend to be well below what we experience in everyday life.
Considering the old way of calculating inflation, which the U.S. abandoned decades ago and I reference below from Shadowstats.com, a realistic inflation rate would have averaged 7%–8% since 1980 (triple official inflation), which would mean an equivalent silver price of $240–$360 dollars at the 1980 peak.
My gold-silver ratio target for silver of $333 is comfortably within the range of $240–$360. If we take the mid-way point between $240 and $360, we get $300. I think that’s as good an estimate as any of where silver can peak in its current bull market.
On this basis, the silver price would need to be up by more than 10x from current levels to reach its ultimate high. Imagine for a moment, if silver were to soar tenfold from here, what the silver producers’ and silver explorers’ share prices would do. It’s not difficult to expect simply spectacular returns. Which is exactly why it’s so attractive to allocate to this space, while being diversified across several stocks, as it’s impossible to know which will do best. Still, odds are very good that if silver goes up by a factor of 10, the average silver stock should easily double that, and be up by a factor of 20, while the most successful juniors could gain 50x or more. That would simply be a repeat of previous bull markets.
Larger silver producers and royalty companies should be seen as core positions to be held for the long term. The more junior explorers should be treated more cautiously as speculations, on which to take profits when they materialize. Selling half of one’s position on a double would be especially sensible.
In any case, I believe it remains early days for silver and silver stocks. I expect to see much higher prices ahead in the metal and the equities. And in my view the current bout of weakness is an opportunity to buy or add to positions in this space. Remember, at $26 silver is still nearly 50% below its all-time nominal high, while gold is just 10% below its all-time nominal high. Silver is clearly the better relative bargain.
In the Silver Stock Investor newsletter, I provide my outlook on which silver stocks have the best prospects as this bull market progresses. Many offer 5x to 10x return potential in just the next few years, especially as silver heats up.
I think silver is currently at or very close to its bottom, but that its ultimate peak could well be in the $300 range.
Either way, silver is headed much, much higher.
–Peter Krauth
Peter Krauth is a former portfolio adviser and a 20-year veteran of the resource market, with special expertise in precious metals, mining and energy stocks. He is editor of two newsletters to help investors profit from metal market opportunities: Silver Stock Investor, www.silverstockinvestor.com and Gold Resource Investor, www.goldresourceinvestor.com. In those letters Peter writes about what he is buying and selling; he takes no pay from companies for coverage. Peter has contributed numerous articles to Kitco.com, BNN Bloomberg, the Financial Post, Seeking Alpha, Streetwise Reports, Investing.com, TalkMarkets and Barchart, and he holds a Master of Business Administration from McGill University.
#SIL: silver chart looks good!!! buy Apes!
https://new.reddit.com/r/Wallstreetsilver/comments/mziwgr/silver_chart_looks_good_buy_apes/
#SIL: The Big Short Michael Burry Warns HYPERINFLATION Weimar Germany Coming to U.S.
https://youtu.be/94oPNVTkZzw?t=34
#SIL: HERE WE GO...:-} BLAST OFF WEEK...!
March is next Monday...:-}
https://www.youtube.com/channel/UCihX2iReqwRs49UT82i-P3Q
https://youtu.be/xtNYMA5aWJc?t=84
https://twitter.com/WallStreetSLVR
#SIL; Silver Miners ETF (SIL) Testing 9-Year Resistance Level!
But silver prices are elevated and the Silver Miners (SIL) are hanging around this level. IF SIL can break out above resistance at (1) its upside target would be the $75 level at (2). Stay tuned!
https://www.seeitmarket.com/silver-miners-etf-testing-9-year-breakout-level/
https://www.zerohedge.com/news/2021-02-04/silver-miners-etf-testing-9-year-resistance-level
In less than a year’s time, the price of Silver has rallied from around $12 dollars to the recent highs just over $30.
That’s quite a rally!
And when Silver is in rally mode, it benefits the entire industry, including the Silver Miners.
Today’s chart is a long-term “monthly” view of the Silver Miners ETF (SIL). As you can see, the $52 mark at (1) has been support and resistance for the past 9-years or so. Though SIL has seen some big rallies from deep lows, it has been confined by this resistance level.
And it appears to be the case again in the early going of this month. On February 2nd, $SIL popped to just over $51.35 intraday before reversing lower (and now trading around $42).
But silver prices are elevated and the Silver Miners (SIL) are hanging around a 9-year resistance, which is heavy until proven differently!
. IF SIL can break out above resistance at (1) its upside target would be the $75 level at (2). Stay tuned!
This article was first written for See It Markets.com. To see the original post CLICK HERE.
https://www.seeitmarket.com/silver-miners-etf-testing-9-year-breakout-level/
#SIL; THE BULL IS RUNNING...:-} GO SPOT ON
#SIL: READY TO DOUBLE...
#SIL: The Silver Roadmap...:-}
My target price over the next few years is for silver to reach at least $300. How I reach that number is a topic for a future article. But before you think I’m crazy, I can assure you that it’s an estimate relating to the gold price, and based on how gold and silver have performed in previous bull markets.
If silver reaches my target of $300, that will be a 1,150% return from its current price near $25.
https://www.silverdoctors.com/silver/silver-news/the-silver-roadmap/
$SIL Biden's 'green stimulus' would send silver soaring to $50: Bank of America
https://www.foxbusiness.com/markets/biden-green-new-deal-silver-prices-bank-of-america
#SIL: SHOCKING Increase In U.S. Money Supply In Past Two Weeks...!
$100 SILVER coming in 2021...:-}
https://www.silverdoctors.com/headlines/world-news/shocking-increase-in-u-s-money-supply-in-past-two-weeks/
Why Buy Silver Now That Biden Is President
https://finance.yahoo.com/news/why-buy-silver-now-biden-205347898.html $SIL
$SIL David Brady: The Next Silver Rally will Dwarf the Gold Rally
$SIL Forget about whether $100 Physical Silver Coins, Bars, Metals is possible — how about $1,000?
https://marketwatch.com/story/forget-whether-100-silver-is-possible-how-about-1000-2015-07-30
News: $SIL Silver Is Soaring. Here Are 5 Ways You Can Profit
The stock market has been extremely volatile in 2020, plunging during the winter months but then bouncing back convincingly since March. However, one investment that's up considerably so far in the year is silver. In just the past few weeks, silver has jumped to its best levels in years . Many ...
Got this from SIL - Silver Is Soaring. Here Are 5 Ways You Can Profit
#SIL: Easy 100% here...;-}
#SIL: Time for Silver is Now...:-} $42.00
I'm a fan of Jim Rogers so yes I do believe we are in a bubble. Definitely keeping an eye out have some other strategies I'm looking into. Appreciate the education on I definitely learn and believe this is a good play. I suffered a lot of losses and haven't got the nerve yet. I have someone in my corner helping me thanks again and I will be looking at this and the board. Peace out
excellent day to buy silj or even sil. The key is to buy when things are down and doubtful, in a bull market. This is called buying on pullbacks. BUY ON PULLBACKS....
Of course, your bet is this is a bull market, in its infancy.
for SIL and SILJ owners, a rare strong sept 24 buy signal per this article, fwiw: https://www.silver-phoenix500.com/article/silver-price-forecast-rare-signal-says-surge-ahead
silver stocks look very strong now. They are heralds and say the path is up. I think for sure we see an all time high in gold in 2 to 3 years. If Silver can approach 50, then SIL will be up 350% and SILJ 450%....
Remember, silver has a good habit of going way past the relative highs of gold in all bull markets. Silver stocks in the 1930s went up sometimes a 1000% (or more) in that PM Bull market.
If Gold goes to 3000, and it will over the next 5 years, silver will be somewhere close to 100 bucks. In such a scenario, the U.S. dollar would experience a steady decline, and the prices of American real estate would perhaps double, but Silver stocks might be up 1000 percent who knows. I am predicting a rerun of the late 1970s PM bull market.
Trump is demanding the dollar be crushed and it will be crushed, but either way, precious metals wins during the election, and I think the market is pricing this conclusion in now.
If either Trump is reelected, and he will be, the dollar will really get creamed based on the raw math, and if the DEMS win, precious metals priced in dollars will skyrocket the morning after the election.
I have deployed almost all of my funds into SILJ, the little brother of SIL. SILJ is far superior to SIL as a pure silver vehicle because many if not most of the SIL components have huge productionin base metals and even GOLD, and I do not expect these metals to rocket like pure silver stocks will.
Here are my price projections and targets, fwiw:
tootalljones Friday, 09/20/19 10:18:08 AM
Re: None 0
Post #
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of 2331
HISTORY LESSON AND OTHER PROJECTIONS: silj is my preferred vehicle of today's current Big 4 (gdx, gdxj,sil and silj), and it now prices at $10.16, with silver the metal currently 17.76. All of these 4 will do fabulously well if we are in a bull market, or what some term, a resumption of the bull market of the last decade which paused starting in 2011.
Remember, bull markets in any commodity begin when nobody is looking. One can here theorize that this new bull or second half LEG, began when gold broke through long term resistance at around 1360 this past summer.
Here are some rough price targets below. I think it is clear Trump is a major inflationist. The odds are overwhelming he wins reelection but even if not, if the DEMS win, gold and silver will continue to go higher.
The reason will gravitate to silver vs. gold is that silver is simply a better value.
Historically in the 1930s, and from 1975 to 1981, and from 2002 to 2011, silver has far outperformed gold. So too with silver stocks even more so than gold stocks, and by an even bigger percentage.
And in the back 3 years of these precious metals bulls silver exploded higher and higher, while gold still did very good without question.
I am looking at something like this:
Year end:
2019: Silver at 20, Silj at 12.50
2020: Silver at 28, silj at 25
2021: silver at 42, silj at 45
2022: silver at 65, silj at 65 (price exploding)
2023: Silver at 100, silj at 120 (Bitcoin mania year)
vs. gold during the same period
POG may move 100% (easily) to $3000, and GDX, its primary gold stock proxy, which today is 28, will be 95 bucks. (a 3 to 1 ratio to the metal), but with silver, we see the metal up 500%, and silj up 600%.
These moves are similar to what has happened in the past PM bull market. And the ratios are not perfectly in sync, NOT PERFECTLY SYMETRICAL, AS ONE WOULD EXPECT, IN BOTH THE SILVER METAL AND THE SILVER STOCKS, but that is the way prior ones have been in reality, but even more extreme, believe it or not.
for instance, in this century's earlier bull market, silver started priced at an incredible 4 bucks and finished at $49, up an amazing 1200%, and silver stocks even greater percentages
So here, history will show silver bottoming at $13.50, bu but finishing up almost 800%, with many premiere silver stocks (since silj did not exist until recently), being up well over 1000%.....
You can say I am dreaming, but as you can see, I am suggesting an outline to this current bull market that is less extreme (but still incredible) than this earlier bull. THE REALITY IS THIS, I am suggesting outrageous returns but these returns would be substantially less than the other 3 PM bull markets of the last century.
If I gave you the numbers for the earlier 2 bull makrets, the ones of the last century, and extrapolated to our current bull market, nobody would believe me. There were stocks in the 1930s bull market, for instance, that went from 5 to bucks in price to over $300 bucks. YUP!
For the 1970s bull market, silver went from around a dollar (remember the term, a silver dollar) to $50 bucks.....but in truth, this involved manipulation by the HUNT brothers, which only lasted a month, but silver for perhaps 6+ months was up there around $25 bucks (before the last blowoff "hunt brother" mania under which it doubled in several months.
So this was once again, a far wilder bull market than what I have just sketched above.
So my predictions above are the least crazy, gold and silver bull market, of the 4 i have identied. In other words, the most conservative price projections of all 4 PM Bulls. Why there are PM bulls is another question entirely, for another day. If you don't think such things exist any longer, you would be wrong. Look at Bitcoin, considered the modern electronic gold, it is up from 10 bucks to 10,000 as I type (and down from around 20,000), over the past 5 or 6 years.
silj is my preferred vehicle of the Big 4, and it now prices at $10.16, with silver the metal currently 17.76
Here are some rough price targets below. I think it is clear Trump is a major inflationist. The odds are overwhelming he wins reelection but even if not, if the DEMS win, gold and silver will continue to go higher.
The reason will gravitate to silver vs. gold is that silver is simply a better value.
Historically in the 1930s, and from 1975 to 1981, and from 2002 to 2011, silver has far outperformed gold. So too with silver stocks even more so than gold stocks, and by an even bigger percentage.
And in the back 3 years of these precious metals bulls silver exploded higher and higher, while gold still did very good without question.
I am looking at something like this:
Year end:
2019: Silver at 20, Silj at 12.50
2020: Silver at 28, silj at 25
2021: silver at 42, silj at 45
2022: silver at 70, silj at 80 (price exploding)
2023: Silver at 115, silj at 140 (Bitcoin mania)
Well I'm out with a small gain glad I bought some gold also.
Lol. I'm done I don't want to get trapped here. I'm out with a small loss
u have done terrific to wait so far for sure !
I honestly believe I should just wait for a pullback like 2019 and buy in a vti
Very intelligent perspective again!!! Don't ever think your wasting your time writing. That stuff everyone should hear regardless of opinion. Go trump
Gold wants ruination, gold wants a corrupt system to collapse unto itself, which it deserves.
We owe so much money, with people now in their 40s and 50s and 60s and 70s who have no prayer or hope, let alone the young peeps, I just don't see how Trump can stop this huge tidal wave turning ameirca into venezuela.
His plan, which even Buchanan has said, is to try to grow America out of this debt by inflation. He wants to destroy the bankers and destroy debt by inflation. This is why he is pounding daily, every day his FED chair Jay Powell to dump rates beyond belief. He knows now that Powell appointment was a huge mistake, that Powell is just another endless flunkie banker, and this is why publcially he calls him a chump on Twitter...Powell will be gone so fast after the 2020 election nobody will remember who he even was, Fired.....
Trump wants the dollar destroyed, and Powell is refusign to do this, protecting the american bankers and lenders. Trump will destroy the bankers and their huge mortgages on people, their huge debts on kids and students.
People in america today are impossibly in debt to the bankers in all forms of debt, but Trump is like, what if we steadily remove the debt by making wages go up to 30 bucks an hour, by making a hundred thousand dollars really only about 30,000? That is Trumps plan and why he wants to destroy the american currency. Currencies come and go, who cares we can always get another one by an act of congress, and americans now are strangling in debt they borrowed, like hanged men, and the bankers don't care, they will lend people until people are destroyed, their families ruined.
He knows we must inflate or die.
If homes are worth 750 grand apiece, instead of 250 grand, and the mortgages on them 200 grand (eighty percent), then debt is no big deal
people with inflatin will make 120 grand each, instead of 45 grand each.
the debt still stays at a lousy 200, on an asset which is 750 grand.
kill the dollar, it must shrink and shrivel into nothing,
for americans debt enslaved to live.
bankers will hate this.
stay tuned.
and here is the funny thing, which is actually quite hilarious:
When Trump ran for office, america was essentially over. The 3rd world was pouring in, and America had a CIA stooge the elites elected a guy born in africa, who spent much of his adult life also in Indonesia, a guy who in america was a community organizer whose true biological dad was a dedicated commie. BRennan and cia knew all of this and built this stooge who changed his name, his soc security card, gave him a fictiious birth certificate and completely fake educational credentials, saying he was a grad of Columbia U....all fake stuff for them and their control..
so they run his successor Hillary......and America was in the process of being busted out, just like the movie Goodfellas, our cities ruined and the people in them utterly destroyed and clueless........cattle'/// America was essentially to be and becomeing, what FRance has become, a totally destroyed country run by a complete Zero, the little snotty banker kid Macron, who is Obama's twin, who is owned by the banks every breath he takes, a globalist pawn...
And Trump thinks Macron is a little punk snot nosed owned by the French and German bankers and he is exactly that, and he will bust out france and is doing so every single day, wrecking the country.
Wallstreet at one time early had put a bet on Hillary by 58 million in donations, to Trump, 19 grand.....the most amazing stat of all time, as the Establishment Money boys and DC pimps did not want the boat to be rocked, this small group was getting so rich gradually turning america into VENZuela, with the dc governmetn peeps also wetting their beaks immensely
so then Trump wins........funnily, the financial market goes up, Trump immediately destroys all the socialist regulations, he gives a tax break to 90 percent of america, and he drops the corporate tax rate in half
the market goes up....
Had hillary have won, the market would have been crush and the socialists would have come in like africa and south america and the middle east, and just taken over...........but gold would have gone crazy higher.
Now fast forward.....Wallstreet has earned Trumps' trust, and he still hates them but they are learnign their place.....So trump, who was once their enemy, isnow their buddy. They know he is rebuildign the country, and now, there is no doubt, the fund managers are slowly coming to like him, even though most are scum bags, they like money.........
Trump as I have always said, and thought, is very bad for GOLD. Now the chinamen, who were busting out the stupid americans, buying their politicans like this fool joe biden, bought and paid for, now has to worry.......
Trump is breaking China's back
now china sees Trump will be reelected, they cannot wait him out to continue to own America, own our colleges, pay off the pols
so China's threat is now diminishing.
Gold could get killed here
who knows, even though America owes so much from the past half century with debts out the wazoo.
GOLD has to go down. For now, but not forever. It will go down here and retrace. How low who knows. If china tells Trump to go to hades in the next 3 weeks, that is a different story, but he really has them by the neck and he will never give in..
I think gold goes lower, how far who knows...China will never capitulate, but.........who knows.
Wallstreet that so hated Trump when he ran, like he was some foreign entity, an alien breaking up their fun, and Hillary used to get 400 grand givig little talks to Goldman sacks, to wet their beaks and pay her off
so wallstreet that was in the pockeet of Bush and HIllary,
now loves TrUMP......
he tells them to go to hades, but they are back in the cage, for now...
and they now know their place and he loves to crush them, but now Jamie Dimon at least has his mouth shut.
As TruMP makes america money, and america has dodged socialism for now
and gold which hates staiblity and the dollar, ...hates Trump.
Gold wants ruination, it hates a corrupt Kingdom. Think Robin Hood. I am sure when Robin was around the people were buying and hiding gold from the sheriff of nottingham and the corrupt King....
gold will go down, unless the chinamen tell trump it is total war.
and that is all for now folks
Thanks I'll always be here . Peace out . I took a bad beating. I don't like to lose.
yep, ....the charts look horrible. and the momentum. Their argument is that if China was the reason gold stocks went up, and china has been tamed and lasoooed, then China is the reason gold stocks go down.
gdxj went from basically 30 (actually 28 at the lows) to 42.7....
many of these individual gold and silver stocks went up 50 to 70 percent on this move. AG a great mid tier siler stock doubled.
everybody is looking at 1450/60 as the halfway point of the 1350 3 year breakout but all of this is just who knows. How about if it hits 1460? How about if gold goes below 1460 because Trump announces with Xi a "temporary" agreement?
Wallstreet thinks it knows this: If DEMS and Hillary socialists get in office, gold goes over 2000; they know america will go crazy socialist.
So the stronger Trump gets, the less likely the lunatics will take over, the DEM peeps on tv, .......so they are so crazy, WALLstreet is betting they have no chance.
SO THIS IS THE SAME INFO CHINA IS GETTING BY THEIR SPIES AND pacs. ....
WHICH MEANS, amazingly, that China is getting weaker, as TRUMP gets stronger, and the odds of him winning are without any doubt getting stronger by the day.
commodity stocks in oil and metals and every other kind of commodity get the heck beat out of them for so long.
If the world structures appear to be good led by America, gold gets killed
If gold has been on a 3 month tear, gold gets killed
if the dollar goes up, gold gets killed
sheat phouck
I am sure the financial industry knows this and does not tell people but Richard Russell, the greatest man of the last century who was in the stock market for over 60 years, said that stocks exist so that retail people give their money away to wall street....He saw 50 bull and bear markets in everything that exists....
Peter Marrone the CEO/ board chair of AUY, a senior gold producer, was himself his whole career a financial guy. He got a hold of Yamana gold when it was 2.3 bucks 20 years ago, and the stock went to around 15 bucks a share. He is good people, owns millions of shares, and has put his family into his company. Today Yamana is around 3 bucks, something like that, I forget.....so for 20 years, his company has done nothing, and it is considered a good company, with many others having gone by the wayside. gold sucks unless they are giving it away. The stock market is a loser game for retail.
so many other companies like Peters..............
I am just gonna wait for lower prices if they come down. The fact is this: only about a small percent of the largest companys, basically tech companies, have done well the past 3 years......everybody else is up a little bit of way down or way way down......These indexis do not tell the tale of most companies.
I would estimate: 20 percent of the S and P is up a lot; 20 percent is up a little, 20 percent down somewhat, 40 percent down a lot and non S and P, the figures are far worse, with over half down a lot the past 3 years....well over half down a whole lot. This is a deceptive bull market as everybody knows. It is not really a bull market. Bio companies have gotten squashed, with only the top 20 percet having gone up a whole lot....the rest are under water.
just like commodity companies. And I know the stock market. Have made hundreds of trades in 50 companies and 20 industries the past 3 years.......America is down the market unless you picked the top FAANGs basically. and many are down hugely..........
Seems like I was born to lose with this stuff. I'm just going to get out myself.
Wow a little shocked seems like you were bullish for a long term play u believe it going a lot lower
dumped all my sheat....will try to get back in next week far lower. These are real momo herd types......Got run over here some.
each to his own.
i keep buying who knows where this will stop but no way it goes to 35......but who knows. again, by year end, the odds are overwhelming up from here, but these gold funds are just trading funds. They dump and dump and hope to buy lower....
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