stock market was up today...

#11,901
#11,901
SpaceCoastVol said:
How much premium do you pay over the spot price?

I just went to AMPEX, and it looks like about $100 more than the spot price for bars and $150 for coins...
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It fluctuates. Shop around - the dealers are always advertising “only $X over spot”

But remember it’s crazy right now with everything going on with Silver.

The spreads are crazy too.
 
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#11,902
#11,902
SpaceCoastVol said:
How much premium do you pay over the spot price?

I just went to AMPEX, and it looks like about $100 more than the spot price for bars and $150 for coins...
Click to expand...


What's size bars have that premium? In normal times something like $1 to $1.50 over spot for an ounce is about right.
 
#11,910
#11,910
Everyone enjoying the new admin and the 4 out of 5 days each week with the market red? I know I am.

At least we still have EL to bring tweets about Trump in here.
 
#11,911
#11,911
Orange_Vol1321 said:
Everyone enjoying the new admin and the 4 out of 5 days each week with the market red? I know I am.

At least we still have EL to bring tweets about Trump in here.
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I will be interested to see what Xiden will... thinks he can do about the Reddit cabal. They pinched me in the past couple of days with my weed puts. I'll be a'ight, but they made things a little more tense.
 
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#11,912
#11,912
Orange_Vol1321 said:
Everyone enjoying the new admin and the 4 out of 5 days each week with the market red? I know I am.

At least we still have EL to bring tweets about Trump in here.
Click to expand...

I was actually trying yesterday to remember a year in which I've had a better start since I've been trading (this is my tenth year) than this year. My speculative allocation spiked considerably over the last month. I give Biden as much credit/blame for my performance as I did Trump or Obama, which isn't much. Then again, I typically don't subscribe to the "orange/blue man good/bad" philosophy. But yes, I have truly enjoyed the market so far this year. I had several sell limit orders execute over last week to bring my cash position to roughly 37%. Now I have to find something to buy.
 
#11,913
#11,913
TheColdVolTruth said:
I was actually trying yesterday to remember a year in which I've had a better start since I've been trading (this is my tenth year) than this year. My speculative allocation spiked considerably over the last month. I give Biden as much credit/blame for my performance as I did Trump or Obama, which isn't much. Then again, I typically don't subscribe to the "orange/blue man good/bad" philosophy. But yes, I have truly enjoyed the market so far this year. I had several sell limit orders execute over last week to bring my cash position to roughly 37%. Now I have to find something to buy.
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Same here. I am about 80% cash now which gives me nice leverage to sell puts. So far I have made almost 50% of what I did all of last year. If the Reddit freaks don't **** up the whole market, and Xiden doesn't jack taxes to the moon (wishful thinking) this is gonna be a great year. But I fully expect that dipshit to do just that.
 
#11,915
#11,915
SpaceCoastVol said:
Same here. I am about 80% cash now which gives me nice leverage to sell puts. So far I have made almost 50% of what I did all of last year. If the Reddit freaks don't **** up the whole market, and Xiden doesn't jack taxes to the moon (wishful thinking) this is gonna be a great year. But I fully expect that dipshit to do just that.
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It's President Biden, and he will not raise taxes to the moon.
 
#11,916
#11,916
Velo Vol said:
The S&P 500 hit an all-time high this week.
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Is there any particualr reason why the market is at an alltime high right now? What market fundamentals are pushing the market that high?

We've been on sporadic lockdown for nearly a full calendar year. Middle class and lower class service industry is dying. Commercial real estate is dying. People are fleeing blue states like rats on a sinking ship. And we are sliding head first into $28 trillion of debt and climbing...
 
#11,917
#11,917
Rasputin_Vol said:
Is there any particualr reason why the market is at an alltime high right now?.
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Lots of money pumping into the economy and a lack of return elsewhere?

I'm not thrilled by the state of valuations, but when bond funds are loosing money and you're essentially getting 0% in savings accounts . . .
 
#11,918
#11,918
Rasputin_Vol said:
Is there any particualr reason why the market is at an alltime high right now? What market fundamentals are pushing the market that high?

We've been on sporadic lockdown for nearly a full calendar year. Middle class and lower class service industry is dying. Commercial real estate is dying. People are fleeing blue states like rats on a sinking ship. And we are sliding head first into $28 trillion of debt and climbing...
Click to expand...

Markets are forwarding looking and there hasn’t been unexpected virus news. It’s a pandemic, not just a problem in the US. The US dollar is still the currency of choice in world trade.

China has weathered COVID better than most countries, but they also have become a target as a bad player in geo-economics. If COVID-19 wasn’t traced directly back to them they’d be in a great spot. But they created the problem and killed millions of people outside of their borders.

The question or concern is whether or not the Dems in control keep the wheels on the pavement or put us in a ditch. If they relax sanctions on the CCP and lead us away from energy independence then the economy will be a disaster in a few years. If the spending isn’t used in a big way building infrastructure and industries then the economy will tank. If the Dems mismanage the country then domestic investment and job repatriation will fail. If tax rates are raised to obstructive and uncompetitive levels again then the economy will go into a slow burn.
 
#11,920
#11,920
Rasputin_Vol said:
Is there any particualr reason why the market is at an alltime high right now? What market fundamentals are pushing the market that high?

We've been on sporadic lockdown for nearly a full calendar year. Middle class and lower class service industry is dying. Commercial real estate is dying. People are fleeing blue states like rats on a sinking ship. And we are sliding head first into $28 trillion of debt and climbing...
Click to expand...
The economy has generally bounced back from COVID, liquidity and TINA. Look at the big constituents of the major indexes. The hospitality industry and CRE is nowhere to be found. The S&P is currently almost 30% technology, which in many cases has actually benefitted from the pandemic.

Yes, stocks are overvalued but valuation is always a relative thing. The dividend yield on the S&P is higher than a 10-year Treasury and there are numerous individual stocks of solid companies yielding 5-7%.

The thing I see eventually derailing the rally (and perhaps the recovery) is a move higher in rates that happens too quickly.
 
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#11,921
#11,921
Rasputin_Vol said:
Is there any particualr reason why the market is at an alltime high right now? What market fundamentals are pushing the market that high?

We've been on sporadic lockdown for nearly a full calendar year. Middle class and lower class service industry is dying. Commercial real estate is dying. People are fleeing blue states like rats on a sinking ship. And we are sliding head first into $28 trillion of debt and climbing...
Click to expand...
Interest Rates
 
#11,923
#11,923
VolStrom said:
I saw an ad for a 15 year mortgage recently for 1.95% and there is a credit union near me advertising car/boat/RV loans for 1.75% for up to 6 years. After buying my first house with a mortgage rate of near 15% I'm just blown away by these rates.
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I wouldn't call it a crash but there will definitely be a harsh correction. Alot of the banks deferment plans for COVID were to pay a lump sum at the end of deferment, which makes zero financial sense. Main problem is a significant percentage of loans are new or refinanced so the banks havent "made their money" yet. Foreclosures are in the future for that reason and the hike in value vs unmatched salary. Thinking of selling at a 100k increase and renting for two to three years to take advantage of the drop.
 
#11,924
#11,924
utvols88 said:
I wouldn't call it a crash but there will definitely be a harsh correction. Alot of the banks deferment plans for COVID were to pay a lump sum at the end of deferment, which makes zero financial sense. Main problem is a significant percentage of loans are new or refinanced so the banks havent "made their money" yet. Foreclosures are in the future for that reason and the hike in value vs unmatched salary. Thinking of selling at a 100k increase and renting for two to three years to take advantage of the drop.
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One of my kids recently made the same statement, I look at it as trying to time the market. IDK do what you think is best.
 
#11,925
#11,925
VolStrom said:
I saw an ad for a 15 year mortgage recently for 1.95% and there is a credit union near me advertising car/boat/RV loans for 1.75% for up to 6 years. After buying my first house with a mortgage rate of near 15% I'm just blown away by these rates.
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I know, it’s crazy.

I remember when “anything under 8%” was considered great....
 
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