• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

spot gold & silver both crashing

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    spot gold & silver both crashing

    Gold & silver bugs throwing their toys out the pram at the minute.. Especially Silver, what's going on? Not seen anything like this since 2008...

    note how Silver just crashed through the 200-day moving average - that's very concerning!












    Last edited by scooterscot; 28 February 2020, 16:25.
    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

    #2
    Smart investors now buying toilet paper and AR-15s

    Comment


      #3
      Margin calls are requiring investors to liquidate positions. Investing 101.

      Metals still liquid enough.

      Will reverse once the FED intervenes in the market.

      Comment


        #4
        Originally posted by TwoWolves View Post

        Will reverse once the FED intervenes in the market.
        Intervenes how? Rates are already on the floor. No ammunition l left.
        "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

        Comment


          #5
          Originally posted by TwoWolves View Post

          Metals still liquid enough.
          In that case, buy Mercury!

          Comment


            #6
            I thought in times of trouble gold did well?

            Comment


              #7
              Ich auch... aber Heute nicht.
              "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

              Comment


                #8
                Originally posted by scooterscot View Post
                Rates are already on the floor. No ammunition left.
                That's true of the Eurozone. And the BoE only has 0.75% room for manoeuvre.

                But the Fed still has 1.75% to play with before they hit zero. They'll almost certainly cut in March.
                Scoots still says that Apr 2020 didn't mark the start of a new stock bull market.

                Comment


                  #9
                  Originally posted by scooterscot View Post
                  Intervenes how? Rates are already on the floor. No ammunition l left.
                  Negative interest rates are perfectly do-able

                  Comment


                    #10
                    Originally posted by GJABS View Post
                    Negative interest rates are perfectly do-able
                    So hoard cash before the government bans it?

                    Sounds lovely.
                    "Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark Twain

                    Comment

                    Working...
                    X