The Phaserl


Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks

by Michael Snyder, The Economic Collapse Blog:

The month of August sure has started off with a bang.  Tech stocks are crashing, oil is crashing, industrial commodities are crashing, Greek stocks crashed the moment that the Greek stock market reopened for trading, and Chinese stocks continue to crash.  At this point we have not seen a broad crash of U.S. stocks yet, but it is important to note that the Dow is already down more than 700 points from the peak in May.  If it continues to slide like it has in recent days, it won’t be too long before we will officially reach “correction” territory.  Just a few days ago, I described August as a “pivotal month“, and so far that is indeed turning out to be the case.

A full-blown financial crisis has not erupted yet, but we are well on the way.  In this article, I want to look at a few of the “crashes” that are already happening…


This is more of a “correction” than a “crash”, but it is very noteworthy because it is happening to one of the most important U.S. stocks of all.  The price of Apple stock has already broken through the 200 day moving average, and at this point it is down nearly 11 percent from the peak

Shares of Apple are down 10.9% from their highest point in a year — which places the stock squarely in what’s considered to be a correction. The unofficial definition of a correction is a 10% or greater drop from a recent high. Shares of Apple hit a 52-week (and all-time) high on $134.54 on April 28.


If you want to see a real crash, just look at what is happening to Twitter.  The stock was down close to 6 percent on Monday, and overall it has fallen 58 percent since early last year.  The price of Twitter stock has never been lower than it is right now, and many investors are very apprehensive about what comes next…

Twitter shares hit a record low on Monday, closing down nearly 6% to $29.27.

That is 58% below their peak in January 2014.

Shares have fallen to their lowest point since the company went public in November 2014 weighed down by negative comments on growth from company executives that rattled investors. Its previous low was $30.50 in May 2014 as concerns over slowing user growth began to take a toll.

Of course there are tech companies that are in far worse shape than Twitter.  For example, just consider what is happening to Yelp.  Shares of Yelp recently plummeted 25 percent in a single day, and they are down about 70 percent over the past year.

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10 comments to Crashing: Apple, Twitter, Oil, Commodities, Greek Stocks, Chinese Stocks

  • Greetings. I have been listening for a long time now that I need to buy metals and I completely agree. I now have about $1000 to do so. I wish to buy silver with it. So–

    How? What? Where? Is there a Beginner’s Page for Buying Metals?

    I would like to buy physical assets. Where do I go? What does it look like? Coins? Bars?
    How does it work?

    Thanks from a Newbie 🙂

    • MRH

      This is what I do—you may have other ideas that fit your circumstances better. One option is to review several websites, including SGTReport. Search for “purchase physical silver” “American Silver Eagles”. Ebay is decent resource for comparing prices. is a great online dealer, just click the banner across the top of SGTReport. Other options include local coin dealers in your neighborhood, flea markets, pawn shops and the like–local options. Local options have no shipping or insurance and you walk out the door with the metal in your hand. Compare prices that include shipping, insurance to local options. Currently, premiums are fairly high due to the fact that not much is available. If you do some research prior to going to a local coin shops, flea markets or pawn shops you will have a better idea of who is high priced and who is not. I hope this helps. Others will probably jump in with good options as well.

    • Eric

      hey man,

      check for prices. is always the best for price but not always the best in general orders going flawlessly.

      I like SDBullion the best. And also Apmex. A lot of the guys here like Provident too with free shipping. Any is fine.

      Start with some American Eagles or Canadian Maples. Kookaburras are nice too. Some things you pay a slightly higher premium for but they often hold value a little better in regards to price. I tend to stay away from generic rounds but if you can find a great deal, go for it! Also, I like having some silver dimes, quarters, halves…. anything 90% silver because it is constitutional money. But in general, you want to stick with 1 oz coins 99.9999% silver.

      pick out the goods in your shopping cart. secure your order. write a check with the order #. pop it in the mail. delivered to your door a few weeks later and you must sign for it. As always, if the mailman asks…tell him you ordered some marbles. 🙂

      Most of all, have fun!

    • Dante

      Avoid Ebay, unless you really know what you’re doing. And even then.

  • Craig escaped from Detroit

    I have been buying some silver “rounds”, (private mint= OPM / Ohio Precious Metals), from

    They are one of the very reputable dealers, (I don’t trust sellers on Ebay, Craigslist, etc because more and more Chinese counterfeits are showing up,, including wonderful counterfeits of “American Silver Eagles-ASE, Canadian Maple leafs, Perth mint, etc).

    Provident has been reliable, fast shipping, (just don’t order things that are “out of stock”, ,and I specifically order IN STOCK items.)

    The lowest price,, is for ordering at least 20 silver rounds,, CASH price,, is lowest.

    They charge extra for debit & credit cards (the 3% merchant fee is on YOU,, they don’t eat the 3%).

    Never put ANYthing of value into a BANK safety deposit box,, (the bank or gov’t can legally CONFISCATE the contents.) Best to bury it someplace. (Homes can be broken into, and THIEVES are fantastic at finding ALL the hiding places,, & if your house catches fire,, everything will be a melted puddle in a pile of ashes (hard to find it and then to sell a melted lump.)

    I also like the 90% “junk” silver (USA coins,, Pre ’65).. but the “premiums” are too high now.

    I know MANY people really prefer the ASE, yes the premiums are higher, but for NOW, there are some “tax laws” that give better treatment to the 90% and to the ASE. These “tax advantages” (and extra dollar at selling time), are likely to disappear as gov’t gets more desperate to tax everything on the planet, AND,, during a crisis, the most important thing,, is HOW MUCH does it weigh on the digital scale.

    Buyers don’t usually give a shit about the pretty engravings or stamping,, they care ONLY about ounces & grams & purity.

    • Eric

      One additive…

      Silver will tarnish. Gold doesn’t. So keep the silver airtight and make sure water and air can’t reach them.

      You want to store it so that it’s the exact same way when you retrieve it.

      • Craig escaped from Detroit

        Yes Eric,, silver does “tarnish” a bit, but in reality,, I don’t worry about it,, just look at a handful of CIRCULATED, atmosphere exposed 1964 silver quarters, dimes, half dollars, etc.

        Even the silver coins from the 1890’s, 1920’s, etc,, STILL pretty good condition even when physically WORN pretty bad,, the biggest problem is losing grams/grains,, and not the level of tarnish.

        When I sold silver coins (junk 90%) and/or silver ounces .999, etc,, they NEVER deducted ANY money because of Tarnish,, they just threw everything on the scale and paid me by the weight.

        I used to have a nice collection of Numismatic Morgans,, one had been purchased/valued at $6,000 for a SINGLE (graded) coin,, but the prices had been falling, and when I sold my collection to buy BULK silver (as many ounces/pounds) as I could get,, the “value-price” of my nice, $6,000 Morgan Numismatic,, got only about $3,000 (from Heritage Coins in Dallas),, back in 2011.

        So glad I sold the “collectables” and bought “bulk, NON collectables”.. because the Value/price of the BULK went UP by about 100% and made up for all my losses.

        This personal experience helped to teach me that ANYTHING claiming to be worth “more” because of shiney, pretty engravings,, will not hold up very well when a mouth full of food becomes the highest premium.
        Collectable value,, ASE, numismatics, etc.. can let you down,, ALSO,, when the Price-value of a SINGLE ounce of silver is $100 or higher, it will have been a waste of money to pay an extra 10% premium for each ounce when you could have bought 10% more ounces.

        When silver is expected to exceed the price of gold, an extra $1 or $2 / ounce gained at the time of sale,, will pale in comparison to having an entire extra ounce to sell @ $1000 each.

        I’ve followed your comments too,, very informed person you are,, so I’m sure you’ve enjoyed many of Mike Maloney videos on silver, and how it should eventually & permanently exceed the price of gold (in the future). That’s why I always go for as many ounces as my FIATS will purchase.

        • Eric

          I agree Craig that the semi-numismatics don’t necessarily mean you are getting a better deal, but they are easier to sell than junk silver sometimes and the numismatic value of all coins can often carry a heavy premium. Some of the canadian wildlife series I bought just a couple years ago sell for a much higher premium now because they don’t make them every year. Brother John F turned me onto this. I like to always buy quality. That way you are never disappointed with it. I have also retrieved some silver that has gotten wet and musty. Try getting that musty smell out of a bag of dimes… ugh. But you’re right, the tarnish doesn’t necessarily degrade the value any. It is easy to clean off with eZest coin cleaner. But I just assume keep my coins in mint condition whenever possible. When I started stacking, I started with generic rounds. Perfectly fine to stack but there is nothing special about them. It’s not like the premium is going to increase any.

          By the way, you should see my pineapple plants. I need to plant more and be the pineapple king of southern california. 🙂

          Trying to work out a way so the water drains downslope and waters a trench of plants. Difficult growing most things here. Corn is impossible with the ants. But I have the pineapples down pat!

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