[–] 22858931? 0 points 2 points 2 points (+2|-0) ago (edited ago)
Ponder this.....JP Morgan said after the crash of 1929. ....."only gold is money, everything else is just paper". So, when the bankers flee from paper what asset do they flock to? GOLD!!! They manipulate the price of precious metals down (because they can) then they load up. So should you, me, we.
When I liquidated my IRA last week all share-holdings get sold off.
This could be in precious metals, this could be in retail, this could be in transportation. I don't know, but I surrendered my entire IRA last week and am happy I did. I'm sure there are others doing the same, which would affect a wide-variety of areas in the stock market.
[–] 22858728? 0 points 5 points 5 points (+5|-0) ago
Many investors, and speculators were in the stock market with narrow margins. For instance they put up 10%, and borrow the other 90% from the broker. When the stock drops in value, a margin call is generated, and the investor must either come up with money to maintain the margin on the stock or sell it. If they sell it, that decreases the price of the stock further. If they invest more money it has to come from somewhere, and for many that is from precious metals. So that drives the value of metals down, when it should normally be going up.
[–] 22865072? ago
It's in panic mode, people in panic do not think, the mob does not think logically it will be the stamp of crazy cattle and sheep. Some rich elites aty the top will make their pounds and shekels, they will sell hysteria