No word of a lie my,portfolio swung 52% in 26 hours.
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Looks like a choice moment to buy low and sell high.....just kidding. Actually more like pass the Gravol.
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is the world that delusional that with a bit of lip service from some european union member countries that the euro and greeces problems are fixed.......geez or am i being a henny penny and the sky wont fall in
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Sorry cotton, but you haven't given anyone enough information, except yourself, to get excited.
Percentages don't mean a whole lot unless you know the baseline. A 40% loss on $1,000,000 leaves $600,000. 26 hours later, a 50% gain on $600,000 still leaves you with a $100,000 less than where you were.
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Also makes a difference on whether a margined account. From lessons at the University of speculation, a 10 % move on a $1,000,000 investment is 50 % pain/gain when you only have $15,000 posted as margin. Lesson 1 in a futures trading course is the impact of leverage on your money.
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Math challenged this am. Should have been initial margin of $150,000 - not $15,000. If you had posted the $15,000, you would have had close to a 700 % return on your money (gain) or a visit from Guito or Luigi from your local loan sharking business (pain).
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cottonpicken: Come work for our Alberta government. Our Minister in charge of the Treasury Board...Lloyd Snelgrove who just happens to be our MLA just announced that there will a "shortfall" in our Heritage Trust fund AGAIN. This idiotic government through their incompetent investors keep exposing OUR money to the ups and downs of the freakin stock market. I say if they are going to throw our money away gambling, they would be better off investing in bridges, highways, schools, hospitals and museums, or other infrastructure projects. At least the money is not lost to some faceless, soulless profiteer in another jurisdiction.
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Yuck,yuck,yuck checking.
Where would any pension,hedge or government
fund be it if had been in silver?
Answer:at the top
I'll bury you in info.
Is it going to zero?
Answer:yes it is,the paper notes and digits will
increase there buying power just like the past 60
straight days(?),the spectre of the 90 year time
frame of a 96% loss should not be considered,this
would be foolish,savers ,pensioners and fixed
income earners will be saved at the demise of the
top income earners who's wide spread wealth is
mostly in tangible assets.Also this is how the
mountain of debt will be paid off-by more
expensive money because there is less of it.Just
because this leaves us with the simple fact that ALL
federal,provincial and municipal governments will
be bankrupt.WHY?you ask,because most individuals
and small business will also be bankrupt and thus
will create a declining tax base.
And don't get me started on reserve requirements
and banks.
It is a death spiral.
Don't think about what you see out your front door.
The only time in history our wages would by legion
of roman soldiers based on the denarius,and
nobody has noticed.
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