Posted on 06/20/2013 12:18:10 PM PDT by edcoil
The Dow fell, because government pensioners and government-linked pensioners (hedge funds, pension funds, investments of recirculating debt) pushed Bernanke into declaring that if the economy recovers, the Fed might begin to decrease QE measures (bond buying, etc.). So they’re banking on a socialist recovery while ignoring the danger sign of higher yields (collapse ahead).
See Spot Dick Jane
sure if you can handle watching it go down again tomorrow.
I watched Kyle Bass a hedge guy on youtube today talking about the timing of this 70 year debt cycle and going from 80 trillion to over 200 trilling (about 11% per year) as opposed to a population increase of 1.2.
It was interesting.
Silver too! With all the money printing going on all over the world it doesn’t make any sense. I wonder if Merkel demanded Obama to send all their gold now instead of 7 years, so they have to push the price down in order to buy what they need to send to Germany?
Thanks, but I’ll file it in the “Hindsight is 20-20 File, subset: buy gold.”
OK, so I see an bestial rape reference from a FReeper whose handle is “preacher”...
Must have been ordained by the same place as the Rehverund Jackson.
Dow always anticipates future events affecting investing environment. That’s a truism. This time around, Dow is anticipating impeachment and removal.
I’m investied in 3D Systems (DDD). I’m thinking maybe I should buy some more.
Hrrumphhhhhhhh
Funny thing, I Haven’t been getting any of those high pressure invest in silver calls lately. They were blowing my phone off the hook when it was 32 dollars an ounce saying in 2-3 months they predicted $47.
Think I will buy at 19 instead, Maybe I should be calling them instead. ;)
I haven’t bought much silver in recent years. I bought most of mine at 6 and 7 dollars. I’ve just been holding since.
OLN (Winchester ammunition) & ATK (Federal, CCI, and Speer) are good buys; they’re undervalued. I bought 5,000 shares of each. They’re a lot more than just ammo suppliers, too.
SWHC and RGR are not good buys, yet; they’re over-priced.
Bump for reference.
Paper gold is dropping. Just try buying real gold anywhere near spot.
That is why gold stocks are fun to trade, but not hold.
I did not realize there was a different price. Is it a large difference?
Last week real gold (1oz eagles) were $1530 insured/delivered, while spot was $1360. As I understand it, ‘spot’ is basically paper gold. I am no expert though.
Thanks. I buy gold coins only for Christmas to put in children’s stockings every year. Never bought paper gold.
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