There was a time when stock prices were based solely on earnings, that time is now gone.Originally Posted by SilverPalm
Gotta keep the illusion going.
Member
There was a time when stock prices were based solely on earnings, that time is now gone.
Gotta keep the illusion going.
Politicians and diapers must be changed often, and for the same reason. -Mark Twain
The purpose of life is to matter, to be productive, to have it make some difference that you lived at all. -Leo Rosten
Member
well any bets which way that fat finger takes p m's this week? up on tuesday and wed, then beat back down thursday and friday? or is it about time that the fat finger gets accidentally loped off in a hedge trimming accident and the pm's are left the heck alone for the rest of the year?
Member
It's LOBBED off, not "loped off".....Most likely in a fat cigar trimmer wilst drunk on Courvoisier Erte No. 5 Degustation Cognac(takes an ounce of gold to buy one bottle)
Ag guy
Last edited by Ag guy; 09-30-2023 at 04:57 PM.
live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
This life is the training of the soul for the life to come. (accept that we live in a fallen world)
Whether you know it or not, you are a spiritual eternal being! Ag guy
Member
I haven’t paid attention to any metals in some time. Looks like everything is down. I also haven’t paid attention to current economic events in a while so I have no idea why.
Member
It's all due to strong dollar. Go look at gold prices in other countries, and you will see gold going up.
Member
Next it just gets flushed down the drain or runs down the street gutter.... amazing thatdrunk on Courvoisier Erte No. 5 Degustation Cognac
Ag guy
Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”
Member
WHAT WOULD HAPPEN IF:
Someone like Elon Musk decided to buy 1 billion ounces. (200,000 contracts) and take delivery??? (that would be 1 million 1,000 ounce comex bars) Aprox $22billion.??????????
Ag guy
Last edited by Ag guy; 10-06-2023 at 09:28 AM.
live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
This life is the training of the soul for the life to come. (accept that we live in a fallen world)
Whether you know it or not, you are a spiritual eternal being! Ag guy
Member
1bn ozt would make the Hunt brothers look shy & reserved by comparison.
That amount would constitute roughly 1/3 of the above ground silver worldwide. I do not believe that much exists in trading form. I do not expect that comex would issue that many contracts. ...but then again, a few years ago I did not believe that government would tell people that they were not allowed to work, go to church, or go to funerals, so anything could be possible.
The Hunt brothers cornered roughly 1/3 of the tradable silver & drove the price up to around $50 before the rules of the game were changed, Silver Thursday happened (March 27, 1980) & the price of silver collapsed to under $11. The Hunt stake was said to be around $4.5bn at it's peak.
https://www.investopedia.com/article...t-brothers.asp
The total number of ozt they controlled has been hard for me to pin down. I have seen estimates as high as 195 million ozt
Last edited by SilverPalm; 10-06-2023 at 11:27 AM.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
The fat finger was on duty while NYMEX was open today, then it disappeared.
“The Federal Reserve is not currently forecasting a recession.”
Fed Chairman Ben Bernanke, January 2008
This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.
Member
Finger is back after going on vacation for a month.
Do your own due diligence
I stand united with my friends & family in Canada who seek freedom.
Posting Permissions
Reply With Quote