Posted on 06/20/2013 9:32:02 AM PDT by SeekAndFind
They markets will totally rebound tomorrow, especially if Obama gives another speech.
“Everything is coming up roses...”
It’s the dump phase of pump & dump
I don’t remember anyone complaining when the market was going up like mad.
What, you didn’t know that markets can go both up and down?
IMPOSSIBLE!! The markets can never go down! That’s what the nice man at Lehman Bros. told me.
Oh, wait.........
Hope everyone’s out of debt or has fixed rates...
Buy SUV futures.
.
But, but, but the guy on the radio said silver was gonna double.
SLV on 3/27/2013, when I first heard that commercial: $27.91
SLV now: $19.22
And, FWIW, PSLV on 3/7/2013: $11.46
PSLV now: $$7.82
“anihilated” means that they will be wiped out and dissappear.
Obviously not. The media does not know the meaning of restraint. Everything is hype with them. Anyone who has money in the markets has not lost any money, just as they have not made any money when the indexes are up.
Not until you sell. Then you lose money or make money.
And none of these figures consider inflation. And none of them consider the change in relative value of the currencies they are comparing to.
In other words, cool it.
RE: But, but, but the guy on the radio said silver was gonna double.
This sounds very similar to one mother who laments her wayward daughter... “How can I be a bad mother? I follow everything the magazines tell me to do...”
Deflation on the way...
Gold will be good again after it forms a bottom - maybe in a few more months.
Bonds will be good in a year or two after the big interest rate spike that is coming.
They have moved Heaven and Earth to stave off the Kondratieff Winter for twelve years. But it has all been for naught. The moment Bernanke officially starts "tapering", the roof is going to cave in.
>> Gold will be good again after it forms a bottom
That’s a vacuous statement.
What asset won’t “be good again” (i.e. rise in value) after it forms a bottom?
That’s the definition of “bottom”, right?
In a panic, everyone goes to the US$ first.
Gold on the other hand is not an investment. The price of gold is based not upon intrisic value, but rather, emotional demand based upon talking points and late-night TV/radio ads. Although I feel sorry for Freepers who have speculated in gold during the recent "pump and dump," you can't say that I haven't warned you over the years.
In contrast to the equity markets, the collapse of the long-term bond market seems more like a bursting bubble than a health restoring correction. I bailed out of medium/long-term bond funds about three weeks ago, although I still have less volitile short-term bond funds in my portfolio.
The Zimbabwean dollar hit a bottom (zero) and didn’t come back.
Every fiat currency in history has eventually dropped to its intrinsic value. The dollar will go there too.
Gold, however, will never go to zero.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.