I cannot find silver future in IB, they hide it?
Silver/SLV
- Thread starter BKR88
- Start date
Yup anyone remember the USFL? A certain former Pres owned a team and thought he would, along with the new league, get a spot in the NFL. Nah ah NFL took their ball and went home.
Same thing. Peter Schiff most likely will go back into his bunker (with Bunker Hunt) adjust his tin foil hat and ... cry a river.
I remember reading his "Crash Proof" years ago. In 2008 meltdown and the fed pumped a bunch of money into the economy. None of his predictions came true. I'm not saying he isn't an intelligent man, perhaps a good trader, and a skilled businessman. But his predictions never come true. People rant on and on about quantitative easing or stimulus. What some miss is public debt is immediately transferred into private wealth. Governments can live for ever and roll their debt on and on not saying at times austerity doesn't suck but they have a much longer life span than an individual. I'm not an Austrian school guy and have my own biases I guess. But if Shiff's right I'll eat a tinfoil hat on a live youtube broadcast and everyone on ET can watch.
SI Symbol, pick your calendar date from there.
History always repeats itself.
Rookie, amateur, & newbie traders now thinking they have
the super power, the Midas touch and they are feeling invincible.
They will learn the hard lesson.
They will learn to focus on the charts, not
the Reddit chat and this-and-that chats.
Nothing wrong to trade silver.
But if your mind is not focused on the right thing,
you are bound to fail.
Rookie, amateur, & newbie traders now thinking they have
the super power, the Midas touch and they are feeling invincible.
They will learn the hard lesson.
They will learn to focus on the charts, not
the Reddit chat and this-and-that chats.
Nothing wrong to trade silver.
But if your mind is not focused on the right thing,
you are bound to fail.
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Do yourself a favor and stop listening to Peter Schiff.
The ironic outcome of the "Capital Riot" is that while a tiny handful of retail players might strike it rich (at least for a time), most will get taken to the woodshed when speculative flows reverse... as they always ultimately do.
It's a myth, unfortunately widely believed. Fed cannot pump money into the economy. It's flatly illegal. What they can do is QE--pumping bank reserves into the banking system, but that is not the same thing. More reserves in the banking system to back bank deposits (which are created in the banking system when new money is loaned into existence to households and firms) gives banks more confidence to increase lending (and therefore money supply) *IF* qualified borrowers feel confident enough about the future to go deeper into debt than they already are. This works well when it is least needed because animal spirits are already high, but it has never worked when the economy was dismal and potential borrowers were anxious about the future. Bank reserves themselves are confined to the banking system and are rarely allowed to "leak" into the real economy, so QE is not money printing--as Chairman Powell conceded on camera last year. However, the Fed would rather people believe that QE is inflationary, because they want to revive "inflationary expectations" which will incentivize firms and households to spend more in anticipation of the inflationary wage-price spiral that never comes. Neither Austrians nor MMTists understand how the monetary system works these days, and some of them stubbornly refuse to understand. They both believe (and in some cases want to believe) that bank reserves circulate in the real economy as part of the money supply, and it just is not so.
I was trying to show some decorum with "crazy stuff" at the end, instead of LOL.