"sling shot" move in Gold/Silver next week.

Historic event in Gold/Silver next week. Fell slightly this week as a result of massive manipulation and short sell off to cover the losses.. Next week you will see a "sling shot" event where both metals go vertical for unprecedented gains.

Dow will loose another 10,000+ next week, probably loose 2,000 on Monday with a small attempt at a "dead cat bounce" on Tuesday. Oils crash will accelerate all week long.

When the dust settles the Dow will loose 90%, all pensions and 401'ks will be totally wiped out.

The excuse will be "Corona virus breaks containment, outbreak of person to person transmission on the West Coast"

The Dow will go down further, but not 10,000+. When the dust settles, ONLY those who sell during this drop will lose their pensions and 401(K)'s. All my retirement was shifted to fixed, no risk when the Dow hit 29,000, so I'm good.

Gold did drop recently... and surprisingly. My guess is that it will shoot up later this week. The stock market will take a while to rebound but it won’t drop as much as you’re saying... but if it does it will be on Tuesday.

I’ve got another 14+ years of work ahead of me before I retire. Whatever is lost now will come back eventually.

Low markets are a great time to buy.

Yeah, but what's bottom and when's that? That's the real trick. Unless you have so much cash that you can let it ride to the bottom and back up. Most of us don't have that kind of liquidity or time.

I'm glad I invested in lead a long ago time ago.

This market drop is driven more by the virus fear and less by being a bubble. A big crash will come one day due to us having fiat currency... but hopefully this isn’t the catalyst. I don’t think it is. Once news media starts reporting on other items and the virus becomes less of a concern is likely when it will bottom out... at least for now until the next bigger crash comes... but that hopefully won’t be for many Tuesdays to come.

The Dow is up 700 today.

Pretty poor way to start a 10k loss if you ask me.

It's as close to a solid lock as you can get when you read Rich's posts...just assume that he is exactly bassackwards wrong, and you will do fine.

Fish on...

Todd

up nearly 1300 in the largest gain in US history...

Rich?

Rich got margin called on his gold coins. Gonna have to sell the bunker now to cover.

TURN THOSE MACHINES BACK ON!!!!!

Markets are down today.

The day is still young.

Don't be counting Rich out of this just yet.......

Who threw my cat!!!??

And?

The Fed cut a half point today, and the market sh!t 785 points.

ooof.

"The Fed cut a half point today, and the market sh!t 785 points"

It seems that the FED could not inject enough money into the markets to stabilize it. The reason for the "rate cut" was because the bond yields crashed to under 1% and totally inverted, the 1/2 % rate cut kinda fixed the bonds temporarily but did not help the stock market as it normally would have. Its just to "haywire" to be fixed at this point. Its just going to keep crashing.

Gold and silver will unpin sometime this week. Silver is getting ready to move against gold and make up big ground in the ratio. Silver and gold may get real close to even in price after things adjust.

Yeah, it's not a great sign, is it?

Sol Duc says it's no biggie, though, so I'm not sure which one of you financial wizards to listen to.

I'm torn.

Cast your buzz bomb out as far as possible.
Retrieve with quick jerks.

I literally do not understand the Stock Market. As best as I've tried, it's impossible for me to wrap my head around it. It makes no logial sense, so I've even tried to think about it illogically. Nope. Nuthin'.

Thank GOD for old Ford F-150's.

And Bench Seats.

Well, the week is over. After rich predicted "unprecedented gains" in metals and a 10k drop in the stock market, silver is still under $15 and the dow is over 23k. Oof.

Hey rich, any updates on the massive slingshot in metal prices?

RichGee, where'd you go?

WiFi to the bunker must have been cut.

I only have so much time cant be everywhere at once. Market has gone down too fast so there are too many margin calls. The market spot may be $12 but you cant purchase it for that. Even places selling it for $25 when you call they don't have any to sell you.