Markets Tumble, Stocks worst since 2009, Is this the Beginning?

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#1 Thu, Aug 4, 2011 - 4:03pm
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Markets Tumble, Stocks worst since 2009, Is this the Beginning?

Not only did the global stocks take a precipitous dip, Gold, silver down from theirs, oil took a beating and looks like alot of people will be spending their Friday drinking away their woes. Since back in May, I was reading on King World News, liquidly crisis has not been resolved and cash is king. Although, I noticed that kind of talk quieted down. Doug Casey has been writing about the next Great Depression for years now. Rick Ruled and others have been talking about another Black Swan event where blood is in the streets. Could this bear trend continue on Sunday night into Monday and trinkle down throughout the week where all of a sudden we have a 2008 event or worse? Is this the start of a great deflationary event everybody was talking about? 

I have a little stash of cash on the sidelines that I've been patiently, seems likfe forever, waiting to put into gold and silver leveraged investments. I'm not going to pull the trigger until either the coast is clear of a deflationary event or we have one and I see a small uptrend. But then I expect to load up on various mining stocks, options and more physical metals. If it takes two years, I'll wait. I'd rather get the pain out of the way now, but wondering if we think this is just a warning or the prelude to something big?

Edited by: Green Lantern on Nov 8, 2014 - 5:05am
Thu, Aug 4, 2011 - 6:32pm
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Green Lantern wrote:I have a

Green Lantern wrote:
I have a little stash of cash on the sidelines that I've been patiently, seems likfe forever, waiting to put into gold and silver leveraged investments. I'm not going to pull the trigger until either the coast is clear of a deflationary event or we have one and I see a small uptrend. But then I expect to load up on various mining stocks, options and more physical metals. If it takes two years, I'll wait. I'd rather get the pain out of the way now, but wondering if we think this is just a warning or the prelude to something big?

I wouldn't wait too long. Monday, maybe. I would dollar average my way down. If silver goes down to $36, buy some, $33, buy some more, and just keep buying downward. Waiting for an uptrend risks buying when a rally starts ahead of you. Watch what the Indians and Asians do. They wait for times like this and buy in. They're probably buying in now. This is exactly what I do at times like this. Last time I bought any was in January during that last dip. I didn't buy anymore after that. Besides, I was busy with supplies.

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