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RE: Gold, Silver, And Crude Oil Are Getting Slammed In Early Trade. By Gregory Mannarino
Markets becoming more and more ridiculous. Silver is under huge pressure, but why? It does not make any sense. I guess best bet will be to wait a little bit and than buy silver. This paper derivatives is so hard to trade. Man a hope it is not going under 10$.
I hope it drives silver down to $5.00 I know waiting is the hardest part. The greater the pressure manipulating pm's down, the greater the force will be when they break loose. and at $5.00 I will buy enough to make a silver toilet, faucets and fixtures. H*** i would replace all the copper wiring and plumbing in my house with silver. Plant a silver brick in the back yard water it with silver and see if I can grow a silver tree. Silver fronts here I come. Silver rims for my car. I'll make a silver rope so thick and heavy I would have to hire Vin Diesel to wear it for me. If anything Greg says is true and it is not hard to see the evidence of this, we should all be cheering for silver to go negative, and make people pay us to take it. Every dollar spent on a real tangible asset weather it be $1.00 or $1000.00 is the conversion of something that has absolutely no value in to something of great value and rising. Hmm what do you think about silver wallpaper?
The thing is that I trade silver whit leverage and other assets also. But as investment like physical silver, then best bet in my opinion, will be to buy now and all the time. The cheaper the better. Real value of silver and gold is much much higher. Greg is correct about debt bubble, http://www.nationaldebtclocks.org/, for perspective.
Risky game, greater the risk greater the profit's. Personally since my holdings are all physical, precious metal's base metals. When the price goes up I'm happy and when the price goes down again I'm happy. I buy more for less currency. I see a pop in copper for example I lock in a price and ship a load. I do not care about the price because I mostly hedge all my bet's. It is not glamorous nor will I get rich over night but I will continue to stack currency and convert it in to more physical precious and base metal's. When market's go side ways I will be sitting on real tangible asset's. With small bet's you can probably do in a couple day's or weeks what I could do in a couple months, maybe longer I don't know the particular's of you situation. However it seems to me using leverage in a paper derivatives market is insane. Big holder's of naked short's are able to drop massive position's in a matter of minute's and if your not privy to their timing you end up holding the bag, on top of that any type of analyses of the market's are completely useless essentially leaving trader's in the dark. Gambling really, and suppose the markets do go side ways and the price of gold and silver start climbing exponentially who in their right mind would take the other side of your trade when you wish to sell essentially leaving you again holding the bag. eeeesh that is definitely not for me. But I do feel bad for wishing the price drop's to $5.00. I tell you what, I will take it back hope for the price to pop for ya so you can close your position's and then let silver drop so I can hire Vin Diesel to carry my silver filled briefcase:)
You do not need to feel bad for wishing what you want. Np. Trading is not for everyone and yes, your bet is the right one. Physical silver is the best investment by far.