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Mix-Ansicht- Silver-Eagles-Verkauf Jul-Aug fast verdoppelt // Unglaubliche Parallelen zu 1987 - RK, 23.09.2003, 00:34
- Daten und Statistik - fridolin, 23.09.2003, 08:42
Silver-Eagles-Verkauf Jul-Aug fast verdoppelt // Unglaubliche Parallelen zu 1987
-->Hi Bill, I appreciate your comments in regards to silver. Not only am I an investor in gold, but also in silver. I do not know if you ever look at COIN WORLD magazine. But they have over 77,000 distribution every week. In the edition I just received today they had two interesting articles. One referred to Platinum and that the US Mint is increasing prices by 45% The other is the report from the mint that Gold American Eagles sold 30,500 ounces in August. Up 6,000 from July. Silver American Eagles sold 535,000 ounces in August. Up from 280,000 ounces in July. A lot of little guys like me are catching on to what you have been saying for so long. We may not be able to buy gold and silver by the ton, but we can do our share. Also there was another article in COIN WORLD that said"The Royal Canadian Mint" is no longer listing prices in U.S. dollars for coins and coin sets in its catalog. The new policy is all prices will be in Canadian dollars and effective Set. 15, 2003. Interesting. Huh! Dale in Houston
Bill,
There are a few events that are starting to look frighteningly familiar. Those that are ignorant of history are doomed to repeat its mistakes.
- During the summer of 1987 the Bond market went through a blood curdling decline.
- Despite a collapse in the bond market investors continued to buy stocks and many were talking of a new bull market. A WSJ article in August of 1987 famously said that it didn't matter what the news was as all news was good news and the market was going higher.
- There was a huge wrangle that went on between the US and Germany over the strength of their currency.
- James Baker got so frustrated with the Germans over their refusal to revalue the Mark that he eventually threatened to let the dollar float. That triggered the October 19th Black Monday where the stock market fell 20% in a single day...the largest one day drop ever (but stay tuned!)
- Another event which is often neglected is that on October 15th & 16th of 1987 a huge hurricane blew through Southern England. It was the biggest storm since 1703! This prevented many traders getting to the London stock exchange on Friday October 16th...that day the DJIA fell almost 5% but traders were unable to trade in London. On October 19th when traders got back to their trading desks in London they had to catch up on all the selling that they could not do on the previous Friday. This augmented the panic selling at the opening in New York on Black Monday.
Currently there has been a huge drop in the bond market during the summer of 2003. Despite this drop investors are still buying stocks and talking of a new bull market. The currency wrangle is with China instead of Germany. There has just been a very large hurricane...in the US instead of England. Could the G-7 meeting be the equivalent of the James Baker devaluation threat that triggers a Black Monday?....and October 19 is not too far off, which incidentally was the same date for the 1929 stock market crash also!
The similarities are uncanny!
Cheers
Adrian
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