Silver Down -25% in 2 Days!! My Buy plan for Monday. SILVER ON SALE! 9/23

SILVER/GOLD: BEAR (correction. I feel nearing bottom)
Dow/S&P: BEAR
GDX/GDXJ/SIL/MOO: BEAR
DOW THEORY: BEAR

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[SKUNKBALLScom]

Americans are broke, all cash buyers here in Nevada are Canadian / Chinese. Mostly foreign investors.

[cassanoa]

wall street really is made up of a bunch of filthy little Ferengi - money grubbing little criminals - i hope they loose every thing : )

[sscam2001]

@waldentree I am just going off of Ben Bernankes own words. He outlined 5 steps he would take to fight a economic crisis, and so far he has executed 4 of his 5 steps the 5th step he said was to devalue the money supply just as FDR did by revaluing gold from $20 an ounce to $35. This suggests a 35-40% or greater monetary debasement to me...

[DillonDee1]

You may can still net $25, if you sell by Friday

[china1china]

Yes good video and good points. I am thinking though...the percentages are with silver and not gold so why buy any gold?...you must remember that for gold to do really well percentage wise then the economy is going to be collapsed or nearly so. Silver will do great in this scenario or indeed if the economy gets better then a shortage of silver will increase price. I thought of diversing into gold but its just not worth it and even more so as its closer to alltime high than silver.

[TonyBeanify]

@SKUNKBALLScom I notice the same thing in Adelaide, Australia. Locals here are selling instead. Unbelievable.

[SeabrightTrading]

Waiting for Silver at $23 to $26, possibly on a spike dow.

Good luck!!!!!!

[BiggerThinking1]

@Bhavikh Again - depends if they can afford to lose it - if you are gonna end up homeless or in deep shit if your bet goes the wrong way - then DONT do it, if you have ways of accepting the loss (eg sell ur car and use bus for a year) to cover it - then OK take the risk. Its all about risk management. Also very important is time horizon - if you invest your money for 10 years away - then you dont care what happens in between now and then - only where it ends up.

[1tuuber]

@waldentree The value of the dollar can be based relative to the amount of silver and gold held by the country's central bank, or to the country's GNP, or on total asset value. But when the Fed keeps on printing more and more paper money, those relationships change in a way which is worse for the dollar.

That's inflation. And nothing else is. All the other excuses are just gibberish smokescreens for the gullible.

Anybody can put opinions in a book. That doesn't make them true.

[nlucctw2]

Past performance does not imply future performance. That amount of the dow being down does not mean anything given the very volatile markets and unique monetary times we are in. I wouldn't be surprised it the paper silver price goes to $20-$25 before rebounding. Consolidation may take a few weeks maybe months before moving higher.