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Gold and silver prices are down
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Varmint
NES Member
HARRYM
NES Member
Yup, like I mentioned awhile back. These dealers were not catering to silver buyers per say but to the masses who wanted a few coins, birthday presents, XMAS presents and the like. The damn things I said became some sort of knick nack and became way over the ratio of the base value of silver bars.
A solid floor to close the year at $1850 would be quite the gift.
With gold closing at basically the exact same ‘price’ as it opened the year at, that means it lost whatever the rate of year over year inflation is, correct?
So at 7.1% yoy inflation we lost about $130 on each ounce.
In which case, it still did better than my 401k.
So at 7.1% yoy inflation we lost about $130 on each ounce.
In which case, it still did better than my 401k.
At least you weren’t a Tesla bag holder I hope
xtry51
NES Member
In fairness, Tesla is outperforming other car manufacturers and will continue to do so because it's not really a car company. It's a control systems, software and AI company that happens to make cars.
I don’t know how to buy stocks or even where I would start. I do the dumbest things possible with my money/assets at any given point…except I never bought Tesla I guess, so there’s that at least.At least you weren’t a Tesla bag holder I hope
At the end of the day they are a car company and they have open sourced all their auto tech. The big players will overtake Tesla in time because they have the capital and the knowledge to do so. Whether they rebrand as something totally different is yet to be known. Since the Twitter buy though I think the Tesla car fanatics are anything but now.
bigbravehog
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exactly - the left hates Tesla now, but doesn't understand how it works
richc
NES Member
I wonder when the margin calls hit Elon and how much stock he'll have to sell???
www.cnbc.com
YTD: from 402 to 110...
Tesla's stock is headed for its worst month, quarter and year on record
Tesla shares slid 11% on Tuesday with investors continuing to flee the electric vehicle maker and CEO Elon Musk.
YTD: from 402 to 110...
He promised not to sell until 2025……I wonder when the margin calls hit Elon and how much stock he'll have to sell???
Tesla's stock is headed for its worst month, quarter and year on record
Tesla shares slid 11% on Tuesday with investors continuing to flee the electric vehicle maker and CEO Elon Musk.
YTD: from 402 to 110...
View attachment 702730
This is a classic reversion to the mean scenario. Sky high valuations only last so long.
richc
NES Member
Yup, please a person with a huge ownership stake who may be forced to liquidate a portion. Plus competition from China. Plus competition from other car manufacturers. Plus his abandoning TSLA to work at TWTR.
Plus sky high interest rates to buy a new car. Plus consumers squeezed by stupid high food, fuel and energy costs.
Plus... plus... plus...
This will squeeze all the stupidity out of this stock.
Varmint
NES Member
I wonder when the margin calls hit Elon and how much stock he'll have to sell???
Tesla's stock is headed for its worst month, quarter and year on record
Tesla shares slid 11% on Tuesday with investors continuing to flee the electric vehicle maker and CEO Elon Musk.
YTD: from 402 to 110...
View attachment 702730
Mother of all short covering rallies is coming in January.
Varmint
NES Member
Can’t imagine he bought his own company stock on margin?
The rest is already priced in the stock. But I’d rather buy RBLX.
Varmint
NES Member
I wonder if the banks will come in at 3 am and dump a billion in contracts on the thin vacation week market? Watch for that this week.
richc
NES Member
Pledged as collateral…
Varmint
NES Member
My gold miners keep drifting up, definitely seems like the bottom is in, but if the general stock market tanks the miners will sell off as well, just not to their lows.
Same here bro.
Varmint
NES Member
Since bull market rallies lift the bad mining stocks even more than the good ones, I got some crap to sell if we go ballistic.
Varmint
NES Member
![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
Ok deal on Brit's today. Lower premiums than many of the generic rounds. 10 more to the stack!
Varmint
NES Member
Article claims retail investors continue to buy up Tesla shares. Someone should remind them the stock can't bottom til they throw in the towel.
www.autoblog.com
Tesla fans keep buying, unbowed by the $720 billion wipeout
Even the worst year ever for Tesla shares hasn’t shaken individual investors’ faith in the electric vehicle maker and Elon Musk.
www.autoblog.com
Charlie Munger on TSLA: "I'd never buy it, and I'd never short it."Article claims retail investors continue to buy up Tesla shares. Someone should remind them the stock can't bottom til they throw in the towel.
Tesla fans keep buying, unbowed by the $720 billion wipeout
Even the worst year ever for Tesla shares hasn’t shaken individual investors’ faith in the electric vehicle maker and Elon Musk.
Article claims retail investors continue to buy up Tesla shares. Someone should remind them the stock can't bottom til they throw in the towel.
Tesla fans keep buying, unbowed by the $720 billion wipeout
Even the worst year ever for Tesla shares hasn’t shaken individual investors’ faith in the electric vehicle maker and Elon Musk.
Hard to not be bullish on Tesla in the long run.
f*** Charlie Munger he’s a globalist a**h***. Another pedo I am sure also.
Varmint
NES Member
He probably said that when the Fed was pumping up tech stocks.
I think it was 40% lower before Covid so it should go at least that low. But when the Fed starts cutting rates it’ll go off like a rocket so that’s why people are buying the dip.
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I'd like to see a sub-$20/oz start to the New Year for Silver... High 19's would work...
After-Christmas budgets and pre-Tax Day slows may help.
After-Christmas budgets and pre-Tax Day slows may help.
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