Posted on 03/18/2020 11:01:21 AM PDT by amorphous
The world economic and financial markets have entered into a crippling cannibalization of the system in which few are prepared. While the politicians, financial analysts, and media are providing optimistic forecasts for the future, they continue to underestimate the seriousness of the global contagion. Thus, after a week or two, these forecasts will be revised lower (once again) to reflect a more gloomy, negative and more realistic outlook.
So, in another a few weeks, the world as it pertains to this contagion will look a lot worse than it does today. I’d imagine the Dow Jones Index will likely shed another 5-8,000+ points during this period. Also, the global supply chain disruptions will kick into high gear as month-long lockdowns in various countries finally impact manufacturers and retailers across the world.
(Excerpt) Read more at srsroccoreport.com ...
For all of the silver investors who are worried about the low paper price… DON’T BE. I didn’t expect to see such a dramatic sell-off in silver, but now that it has arrived, investors really can’t buy physical silver at $12.50-$13. Even Silver Rounds are selling at $15-$16 apiece… BUT you still can’t get them for WEEKS or a MONTH.
Here’s the DEAL… we are headed for SERIOUS TROUBLE ahead. I would not get too focused or worked up about the paper silver prices. We are just in the beginning phase of this global contagion. If you think Toilet paper is a hot commodity now, wait until more Americans wake up about Gold and Silver.
In Conclusion… we have entered into a collapse function of our Highly Leveraged Debt-Based Fiat Monetary System that was going to happen sooner or later. This global contagion just moved up the time-clock and speed.
It doesn’t matter that paper markets for silver are at $12.50/oz. NO ONE is selling physical at these prices.
I spoke to our local dealer. They are getting small amounts from some sellers at $20/oz, and then they have to mark it up from there.
I don’t see how futures can last like this. All it takes is someone to buy contracts, and then demand delivery upon expiry
Must be that colloidal silver stuff.......................
Me either. Could this be the end of COMEX? If so, could the CBOT be next. Are we at the start of a massive revaluation?
ROFL
I think you’re on to it!
...or they’re expecting werewolves.
I have some silver but I’m interested in buying some stocks and I am woefully ignorant. My son just stopped by and I asked him to ask his boss what would be best and he said it wasn’t time to buy in yet.
On that note, we grow food, it is worth more than silver and gold and our canner says product is flying out the door and they have 100% of this year’s crop contracted.
What food do you grow?
It’s hard to know what to do in the market now in this environment. IF you do buy, buy solid stocks like CATerpiller, ATT (T), Verizon (VZ), Utilities like AEP, blue chips that are going to make money even a down environment. But I can’t tell you when or how much to pay.
I don’t see how futures can last like this. All it takes is someone to buy contracts, and then demand delivery upon expiry
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The contracts aren’t worth the paper they’re written when everyone is bankrupt.
I’d buy Ford and Boeing. Boeing in particular is trading at 25% of values just a few months ago. And both pay dividends.
Monday morning I saw silver was crashing and looked at buying coins. Think silver itself was $15 at the time. Coins were $17.50. Two hours later the coins jumped to $19. By the end of the day coins were at $22.
Verizon (VZ) and AT&T (T) - the last thing younger people will give up is their phones, both paying high dividends
Paper silver is now $11.90.
What a manipulated joke.
When is this fraud going to collapse? Its been going on for decades.
Silver was over $18/oz a couple of weeks or so ago.
When the stock market began tanking, silver dropped off the edge of a cliff and is now in the $12 range.
Gold also dropped some, but not as severely as silver, but it is still falling.
You would think the price of silver would be going up if there really was a massive surge in physical silver buying.
Boeing will soon be announcing huge losses. They are also beginning to ask for a bailout. NO ONE in DC will entertain that unless they first sell all the stock they bought back in the last 5 years and managers cough up bonuses. I wouldn’t be surprised if the political price they pay for a bailout is bankruptcy, which means shareholders get wiped out.
“I wouldn’t be surprised if the political price they pay for a bailout is bankruptcy, which means shareholders get wiped out.”
I think you can bet on that. Boeing was in enough trouble due to the 737MAX fiasco. Throw in a massive collapse of airline traffic and you have the recipe for disaster.
Boeing is a national security asset that won’t be allowed to disappear. Their stockholders on the other hand are expendable if need be.
You can buy Exxon Mobil, XOM, in the low 30s right now. Good dividend, the world isn’t going to stop using oil, and XOM is about as strong an oil company as you can find.
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