Are Gold and Silver gonna keep going down?

[sixoclockhold]

Just took a position in Dust $7.34 for a couple of reasons.

Had a nice run in both physical and miners. This can work as a hedge of my physical if we get a pullback next week with the Chicoms showing back up in the market after dancing with the Monkey.

I don't trust anyone at this point in these crazy markets.

[Not a Cook]

Why do you think, "It appears likely that Deutsche Bank may blow up/meltdown in some manner."?

I would like to hear your reasoning behind this statement.

I'll qualify this with "I'm not a stock analyst nor a financial adviser (and I'm definitely not a guru of any kind), so PLEASE don't make financial decisions based on ANYTHING I write."

That said, it's no secret that Deutsche isn't doing well. Last quarter (IIRC) they had to scrap their dividend entirely and ended up losing something like 9B euros in the same quarter. Also, didn't they fail some "bank stress tests" (that are supposedly REALLY hard to fail) this last year? IIRC, they also have significant Greek exposure and were subject to a credit rating reduction over this last year or so. AND didn't they have to raise some significant capital through offerings more than once in the last couple years (which leads me to think they'll have trouble floating another offering in the current markets in order to raise any significant amount of liquidity)? There's also the alleged "corporate culture problems" that have been floating around for a while (ref. http://zerohedge.blogspot.com/2009/0...n-of-risk.html) and I find it unlikely that management has reigned itself in since the 2008 debacle. Then there's the "common sense" approach/factor that any bank operating in a NIRP environment that is applied to consumer deposits is likely to LOSE significant amounts of liquidity through cash withdrawals.

Of course, those are just based upon what I can remember, and my memory is imperfect. I personally suspect that Deutsche Bank hasn't been "healthy" for quite some time. I know many folks here aren't fond of ZeroHedge, but check out some recent articles regarding Deutsche for more information and speculation: http://www.zerohedge.com/category/tags/deutsche-bank. This article appears especially disturbing: http://www.zerohedge.com/news/2016-0...-its-own-words

All that said, I HOPE that I'm totally wrong about this and Deutsche is either doing well or gets bailed out silently and at no cost to Americans. Deutsche Bank is WAY too heavy into derivatives... I wouldn't even want to guess which other banks and financial firms would be hurt/brought down by any significant blow-up at Deutsche.

I do suspect that we're in for a bit of a wild financial ride ahead (if something happens with Deutsche Bank I would view it more as a symptom than a cause of a larger financial crisis), BUT I HOPE I'm wrong about that and that the economy as a whole improves.

In either case, I'd love to learn some "inside info" as to when any upcoming "good deals" on physical PMs might be offered. I can't see any reason not to purchase some (other than the fact that they aren't cheap ). I'd just like to get the most PMs for my FRNs.

[wpage]

Its a good time in light of the oil instability situation. To get into PM's since paper money has no intrinsic value...

[sixoclockhold]

Just took a position in Dust $7.34 for a couple of reasons.

Had a nice run in both physical and miners. This can work as a hedge of my physical if we get a pullback next week with the Chicoms showing back up in the market after dancing with the Monkey.

I don't trust anyone at this point in these crazy markets.

Had to close that loser out. Seems now like we are setting up for a peak over $1,200 again?

[sixoclockhold]

100-WEEK MA is now sitting at $1,199

It would be sooo nice to see us stay above that level for 24 hours.

$1,228
$1,300
$1,345 Own these...

[keenkeen]

I'll qualify this with "I'm not a stock analyst nor a financial adviser (and I'm definitely not a guru of any kind), so PLEASE don't make financial decisions based on ANYTHING I write."

That said, it's no secret that Deutsche isn't doing well. Last quarter (IIRC) they had to scrap their dividend entirely and ended up losing something like 9B euros in the same quarter. Also, didn't they fail some "bank stress tests" (that are supposedly REALLY hard to fail) this last year? IIRC, they also have significant Greek exposure and were subject to a credit rating reduction over this last year or so. AND didn't they have to raise some significant capital through offerings more than once in the last couple years (which leads me to think they'll have trouble floating another offering in the current markets in order to raise any significant amount of liquidity)? There's also the alleged "corporate culture problems" that have been floating around for a while (ref. http://zerohedge.blogspot.com/2009/0...n-of-risk.html) and I find it unlikely that management has reigned itself in since the 2008 debacle. Then there's the "common sense" approach/factor that any bank operating in a NIRP environment that is applied to consumer deposits is likely to LOSE significant amounts of liquidity through cash withdrawals.

Of course, those are just based upon what I can remember, and my memory is imperfect. I personally suspect that Deutsche Bank hasn't been "healthy" for quite some time. I know many folks here aren't fond of ZeroHedge, but check out some recent articles regarding Deutsche for more information and speculation: http://www.zerohedge.com/category/tags/deutsche-bank. This article appears especially disturbing: http://www.zerohedge.com/news/2016-0...-its-own-words

All that said, I HOPE that I'm totally wrong about this and Deutsche is either doing well or gets bailed out silently and at no cost to Americans. Deutsche Bank is WAY too heavy into derivatives... I wouldn't even want to guess which other banks and financial firms would be hurt/brought down by any significant blow-up at Deutsche.

I do suspect that we're in for a bit of a wild financial ride ahead (if something happens with Deutsche Bank I would view it more as a symptom than a cause of a larger financial crisis), BUT I HOPE I'm wrong about that and that the economy as a whole improves.

In either case, I'd love to learn some "inside info" as to when any upcoming "good deals" on physical PMs might be offered. I can't see any reason not to purchase some (other than the fact that they aren't cheap ). I'd just like to get the most PMs for my FRNs.

Interesting thoughts on DB. I think they will weather the storm and not need any type of bailout personally.

As for PMs, I think they are at about 6 month highs right now...about the time most people start saying things like: "I can't see any reason not to purchase some...".

If they are a such a great bargain now why didn't people buy the when they where 10-15% (or more) cheaper?

No easy answers to that, other than "human nature".

[Frozenguy]

Gold has been wanting to break past 1200 so hard and for so long now, it just busted past and hit $1205

[sixoclockhold]

Gold has been wanting to break past 1200 so hard and for so long now, it just busted past and hit $1205

Happy days, no stopping it now. $1,900 here we come. Glad I covered my short. Can you say $50 up day?

To Da Moon !

[sixoclockhold]

I'll qualify this with "I'm not a stock analyst nor a financial adviser (and I'm definitely not a guru of any kind), so PLEASE don't make financial decisions based on ANYTHING I write."

That said, it's no secret that Deutsche isn't doing well. Last quarter (IIRC) they had to scrap their dividend entirely and ended up losing something like 9B euros in the same quarter. Also, didn't they fail some "bank stress tests" (that are supposedly REALLY hard to fail) this last year? IIRC, they also have significant Greek exposure and were subject to a credit rating reduction over this last year or so. AND didn't they have to raise some significant capital through offerings more than once in the last couple years (which leads me to think they'll have trouble floating another offering in the current markets in order to raise any significant amount of liquidity)? There's also the alleged "corporate culture problems" that have been floating around for a while (ref. http://zerohedge.blogspot.com/2009/0...n-of-risk.html) and I find it unlikely that management has reigned itself in since the 2008 debacle. Then there's the "common sense" approach/factor that any bank operating in a NIRP environment that is applied to consumer deposits is likely to LOSE significant amounts of liquidity through cash withdrawals.

Of course, those are just based upon what I can remember, and my memory is imperfect. I personally suspect that Deutsche Bank hasn't been "healthy" for quite some time. I know many folks here aren't fond of ZeroHedge, but check out some recent articles regarding Deutsche for more information and speculation: http://www.zerohedge.com/category/tags/deutsche-bank. This article appears especially disturbing: http://www.zerohedge.com/news/2016-0...-its-own-words

All that said, I HOPE that I'm totally wrong about this and Deutsche is either doing well or gets bailed out silently and at no cost to Americans. Deutsche Bank is WAY too heavy into derivatives... I wouldn't even want to guess which other banks and financial firms would be hurt/brought down by any significant blow-up at Deutsche.

I do suspect that we're in for a bit of a wild financial ride ahead (if something happens with Deutsche Bank I would view it more as a symptom than a cause of a larger financial crisis), BUT I HOPE I'm wrong about that and that the economy as a whole improves.

In either case, I'd love to learn some "inside info" as to when any upcoming "good deals" on physical PMs might be offered. I can't see any reason not to purchase some (other than the fact that they aren't cheap ). I'd just like to get the most PMs for my FRNs.

You've been watching this thread and the markets for several years now. You saw a low in Gold of $1,050 when all the fools were calling $800 or less.

Day late and several hundy short. You have no one to blame but yourself.

That's why DCA is great and pooh pooh the goof ball neigh sayers.

[sixoclockhold]

Gold up $13.00 tonight so far on the China open. $1,211

We have lift off Capitan.

[sixoclockhold]

Interesting thoughts on DB. I think they will weather the storm and not need any type of bailout personally.

As for PMs, I think they are at about 6 month highs right now...about the time most people start saying things like: "I can't see any reason not to purchase some...".

If they are a such a great bargain now why didn't people buy the when they where 10-15% (or more) cheaper?

No easy answers to that, other than "human nature".

Some of us have never stopped. This is how we spend our Happy New Year trash can & bottle money. Loser....

[IMG][/IMG]

[sixoclockhold]

Interesting thoughts on DB. I think they will weather the storm and not need any type of bailout personally.

As for PMs, I think they are at about 6 month highs right now...about the time most people start saying things like: "I can't see any reason not to purchase some...".

If they are a such a great bargain now why didn't people buy the when they where 10-15% (or more) cheaper?

No easy answers to that, other than "human nature".

I might also add, I accumulated over a Kilo of Gold in 2001 when it was on no ones radar. Had to sell it all for the daughters wedding but those are things Dad's do. I saw another opportunity 2.5 years ago and the rest is history. The future is sooo dang bright for Gold I just can't contain myself.

And she thinks you're an xxx

[IMG][/IMG]

[sixoclockhold]

Wanna play nicky?

[Yugo]

10k gold here we come.... the cards are falling.

[sixoclockhold]

10k gold here we come.... the cards are falling.

It would appear everyone has had enough of the manipulation and the metals will shine again !

Negative interest, come on, the world financial system is blowing up and people are acting like this is normal. This puppy (stawk market) is going to ZERO and bonds are going to EXPLODE !

I'm sure people here said $3 barrel oil Fuky? You're Crazy ! Yep, like a Fox.

https://www.superstation95.com/index.php/world/875

""Stunning!" Ten Percent of London Metals Exchange (LME) Members QUIT Today! "