Just in case you were wondering if it was still worth it to own metals...
Buy Physical, screw anything made of paper unless it comes in rolls and is for the bathroom.
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I need to apologize to you folks. Last week I actually contemplated going out to purchase some silver. I had decided to do so, then changed my mind.
The commodity curse that follows D1 around, strikes again.
What I glean from this, is that when D1 has determined that a commodity price can’t do anything other than go up, it is guaranteed to tank.
Even the news that China had decided to sell 2/3rds of it’s dollar holdings, couldn’t defeat the curse of D1, as it relates to commodities.
if true, seems to me this current collapse in silver price is temporary. I wonder just how temporary it will be though. If I am to start buying, when should I start? At 30bucks? 25bucks?, or should I have started this afternoon?
I don’t know why in the the hell anyone would want to own ‘paper’ metals.
If I buy Silver or Gold, I want to have my hands on it!
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Did the Hunt brothers finally get out of the slammer? Or are they dead?
I knew that today was all about profit taking in the commodities markets. Oil, Silver, Gold, and food future prices will stabilize tomorrow, and begin a slow rise next week.