May 10, 2011
– Comments (8)
Is it just me, or do precious metals investors seem to have very delicate sensibilities?
Precious metals have no intrinsic value so no one should be surprised that their prices are highly volatile.
That site nearly makes you throw up. The design of it, maybe also the content, hehe ...
I detect just a tinge of animosity in this thread.
Just a tinge...
Matt ... it's just you. ;)
As if precious metal investors are the only investors that get emotional about their investments. Dont make me start pulling blogs from 2008...
I have to side with Matt on this one, at least in one case: Theodore Butler.
Ted Butler has been around a long time (30+ years of silver investing) and godda*m that guy needs to stop crying everytime silver goes down.
Ted's been telling us for 30 years that the fix is in. If that's true, Ted, either get out of the silver market or accept that occasional flash crashes will happen and be ready to pounce on them.
He recently wrote an article I read on 24hgold that made me wanna puke. Waaah, the COMEX let HFTs rip me off...waaah.
News flash, Ted. If there is manipulation, the market always wins in the long run. You can't manipulate forever.
And with all his whining, as if he was taken by surprise, silver was up .... about what, 120% over the last year?
Gimme a break. It's $38/oz. He should be thrilled.
And he should have known that the flash crash wouldn't have lasted as long as it did.
Ted Butler, you are precious metal whiner of the week.
David in Qatar
Ok, I'll admit that was a little snarky of me :)
But to be fair... everything that David says ^