I'm curious about the stock market tomorrow.

[dimbee]

I don't know about -400. If it dips, I guess -137. I hope it does not.

-139 currently

[Samuel L. Jackson]

Sell all your precious metals and invest in Stimpaks

[RedMage138]

The next great bubble that is fixing to burst. Metals are so over inflated its ridiculous.

So I should short gold?

[pstall]

As I said. I wasn't heavy on the high negative #. I didn't have enough of a gut feeling to post anything strong.

Today could be a buy on bad news day and it actually push the market to the + side.

[Squirrel]

So I should short gold?

yeah. Just make sure you do it on good stock market days.

[Speed]

-46 and 30 mins to go.

[charlotte49er]

The next great bubble that is fixing to burst. Metals are so over inflated its ridiculous.

Capital in the form of U.S. copper pennies will protect its purchasing power in a deflationary environment because the capital is denominated in U.S. currency. At the same time, the capital is protected, and will actually increase in value in an inflationary environment because the U.S. currency denominated value is backed by a copper hedge. In other words, the real value of the copper pennies increases in an inflationary environment along with the price of copper.

The bottom line is that there is a lower limit to any decrease in the value of the copper penny (it can not go lower than $0.01 as long as the U.S. currency remains viable). The upper limit to the value of the copper penny is tied to the market price of copper. In my opinion, a 95% copper U.S. penny is a form more preferable than a bullion bar or coin because the copper penny provides insurance.

If the market price of copper were to drop to $1 per pound, a 1 pound bar of .999 fine copper would be worth $1. One pound of 95% copper U.S. pennies consists of approximately 146 pennies and if the market price of 1 pound of copper was $1, one pound of the copper pennies would be worth $1.46. So there is an insurance policy in effect relative to the value of copper when its held in the form of copper pennies. Because of this fact, copper in the form of 95% U.S. copper pennies should pose a premium over any bullion form when held for investment purposes.

This is just Copper Pennies. I don't care what Glenn Beck professes. (He's likes to hear himself talk, more than what he cares about saying something important. IMO) If the Government weren't so worries about people investing in precious metals, they wouldn't be considering a ban on the purchase of them. (Yes, I know a "rumor" of a ban does drive up prices.) But having some of your portfolio tied to precious metals isn't a bad idea, IMO.

[pstall]

where did you get that commentary from sports?

[Arv3n]

not sure if this is what you mean, but hp's ceo just resigned today.

[pstall]

FYI. The first time I went on a stock site today it was -40. So maybe I envisioned an extra 0.

[charlotte49er]

where did you get that commentary from sports?

It's a combination of mine and a fellow investor, who is crazy for coco-puffs, errr, pennies.

I have seen it play out over the last couple of years. If you think about it though, over time, precious metals fluctuated, but they have always gone up. Remember back in the mid-80's, J L Hunt (The trucking guy) was trying to corner the market on Silver. Silver shot up like a rocket. Once it was discovered what he was doing, it fell back down, but it has risen steadily over time again.

Aluminum and Copper have fluctuated as well. I can remember when recycling aluminum cans were all the rage. Now, give them to the city.

Copper isn't bad, or else someone wouldn't keep stealing the copper wire from the lights on I-277 every other month. (And the copper tubing from the AC units in Dilworth. LOL)

I'm not one of those guys who say, "The sky is falling!" But I have followed the trend on ebay, and the bullion market for the last 2 years. I've come to the conclusion that it's wise to have some of your assets in precious & semi-precious metals. Again, my opinion, take it what it's worth.

I wouldn't be undertaking this venture if I didn't think there was some profit in it.

When I was in Japan in 1984, the dollar was worth 250 yen. Now what's it's worth, maybe 100 yen? (Yes, I know, a devalued dollar is good when buying goods from Japan. IE: cars.) If the US Dollar was still worth 250 Yen, a Honda would cost as much as a Kia. (Or vice-versa.)

[Squirrel]

Check the late 90's. Not a wizard of all this but I do know that supply and demand is not the factor in the price of metals. It is just where all the people have put there capital to get some profits. Fine for the past 8 years but ones people start pulling their money out of there the prices will come down. If it doesnt happen shortly can you really expect the economy to recover? The trickle down will inflate prices higher which will lead to less demand.

[pstall]

Squirrel you are on the right path about commodities. You guys might have heard me say this before but the term momentum money comes into play. Sometimes, once the momentum of money FROM one sector to another can be breath taking. Thus you either get swings or mild chaos.

I think the window of time we need to study for what we might can expect is 77-82.

The time frames are similar to 2004-2009 in terms of downward trend and bleeding jobs.

The main driver right now and we all know this, jobs. We can't out smart ourselves and say the jobs that need to happen need to be so high paying or in this sector etc, just freaking jobs need to happen ASAP.

That takes care of retail inventory backlogs, housing backlogs, travel plans, food and so on.

[Davidson Deac II]

not sure if this is what you mean, but hp's ceo just resigned today.

Yep, what a idiot. Getting the company to pay his girlfriend for work she didn't do. He is very wealthy, if he wants his girl to have some money, just give her some, don't steal from the company.