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Thank you, SB. That gap has a long way to go, but going down. That is in important indicator, imo. That tells me that the pm's have staying power, imo. So nice to physically hold those tubes!!! And, personally, I like the articulation of buffaloes in comparison to eagles. The shine of the silver opposite the buffalo make the buffalo pop!
VC
The silver data doesn't surprise me. What's the silver to gold ratio now? Near a high or near a low? I had a choice to buy 1 oz gold coin or 60oz of silver. I want something in my hands, not between two fingers. You?
I expect silver to close that gap.
VC
Buy and hold physical.
VC
As I stated earlier, I believe Monday is D day.
Bought more physical today. Buffaloes are really beautiful.
VC
Capitulation?
VC
SPX needs to squeeze 2040, then collapse of bubble. TVIX and precious metals are the informed investor's dreams on Monday. Buying some more physical silver today.
VC
Collapse of the MARKETS, not TVIX!
VC
Upside is more than 50% this time, imo. Look at the VIX chart over 2 years. Draw resistance and support lines. You'll see it clearly.
VC
Collapse imminent, imo.
VC
SPX 2040 will happen today. Market crash Monday.
VC
JCM- Are we about to see a short squeeze in the PM's? I mean given the market's ridiculous response to earnings reports and VIX situation, it's starting to make sense. I foresee a complete collapse of the markets while gold climbs due to the squeeze to what most would think unreasonable levels. Then, after the squeeze and collapse, supply and demand kick in pushing gold to even higher "unreasonable" levels.
Then, and only then, we may see a new currency where those who hold physical hold the "new real wealth". An historic transfer of wealth.
Two questions: who is shorting and who is holding?
VC
USERX up again!!!
VC
Correct. I'm always opposed to doom and gloom in general, but something is resonating within me today.
VC
JCM-
I advise you look at the VIX chart. I think we're on the verge of the collapse. I don't wish it, but way too many sectors and indicators are coming to a head. If so, there is NO WAY a precious metals sell-off occurs. In fact, that would be the time to make fear chase the gold market. Thoughts?
VC
VIX is sitting on support at this moment.
VC
JCM- Jr. miners up or down today? Thinking about finally exiting my USERX position. Thanks.
VC
December Golden Cross? How about the jr. miners index?
VC
$3.17
VC
Thank you. THAT is ALL the info anyone needs. Follow the 10 year! Amen!
VC
Cup and handle? Slow Stoch. looking like a cross northward.
VC
3PM or AH's?
VC
Agreed. Thinking this afternoon. You?
VC
I trust technicals more than earnings.
VC
LOL!!!
VC
LOL!!! Yes, the company is directly processes thousands of stock transactions every single day, lol!
VC
You didn't read my original post. I said, "That $1K went to a clearinghouse where it is absorbed by other investors." ABSORBED BY OTHER INVESTORS.
VC
My answer was perfectly relevant and a fantastic analogy. NY, you didn't lose $1K. You lost $1K of value because of the laws of supply and demand. If you sell your position the next morning... yes, you lost $1K. That $1K went to a clearinghouse where it is absorbed by other investors.
What if you woke up and your position was worth $1K more? Where did that money come from?
VC
You buy a carton of eggs for $20 and then they go down in price to $19 the next day. Supply and demand. Increased supply = decreased price. Decreased supply = increased price.
VC
Bear.
VC