A Festivus For The Rest Of Us

[Briarcutter]

I know, right? I had to do a double-take when I saw it, since I remember it closing just shy of 72 before the holiday. $1+ in a matter of minutes is pretty noteworthy. Like Bitcoin in reverse!

I've noticed that a lot of the big price spikes come when the US markets are closed. The Asians are buying hand over fist while the Americans are asleep at the wheel. As usual!

When the US market opens "they" will try their best to bust it back down.

 

[brian64]

When the US market opens "they" will try their best to bust it back down.

For sure...it's up and down daily...but the overall trend will likely be up for a while.

The amazing thing is silver can go down as much as a few bucks in one day now and still be near or over 70.

Both gold and silver have been manipulated and suppressed for a long time. Either "they" want it to go up now, or they just can't keep it down like they used to.

There are many factors involved, such as decoupling from the paper price, to the Asian market, and who knows what else. There are a lot of volatile things going on in global finance and metals benefit from uncertainty. Europe is a mess...and there's got to be a lot of that money going into it now too I'd think.

PS: I suspect both would be even a lot higher by now if it weren't for all the money that's gone into bitcoin the last decade or so.

 

[Briarcutter]

For sure...it's up and down daily...but the overall trend will likely be up for a while.

The amazing thing is silver can go down as much as a few bucks in one day now and still be near or over 70.

Both gold and silver have been manipulated and suppressed for a long time. Either "they" want it to go up now, or they just can't keep it down like they used to.

There are many factors involved, such as decoupling from the paper price, to the Asian market, and who knows what else. There are a lot of volatile things going on in global finance and metals benefit from uncertainty. Europe is a mess...and there's got to be a lot of that money going into it now too I'd think.

PS: I suspect both would be even a lot higher by now if it weren't for all the money that's gone into bitcoin the last decade or so.

I agree! What really freaks me out is after watching silver for almost twenty years seeing a random date silver eagle selling for $85!!!

 

[brian64]

I agree! What really freaks me out is after watching silver for almost twenty years seeing a random date silver eagle selling for $85!!!

Absolutely. I suspect the high premiums mostly reflect a decoupling from the paper market.

 

[brian64]

A BU random year Eagle on APMEX is $82.92 right now.

But a BU random year Canadian Maple Leaf is only $80.94!

Is it worth saving $2 to accept Canadian???

 

[brian64]

So rumor is the big banks have just very recently abandoned their short positions on silver and gone long. No clue how true that is, but could be we won’t see the big price dips.

Maybe they want PM prices to soar now so that they can cover their losses when the AI bubble pops.

 

[Briarcutter]

So rumor is the big banks have just very recently abandoned their short positions on silver and gone long. No clue how true that is, but could be we won’t see the big price dips.

Maybe they want PM prices to soar now so that they can cover their losses when the AI bubble pops.

You just may be right!

 

[Briarcutter]

A BU random year Eagle on APMEX is $82.92 right now.

But a BU random year Canadian Maple Leaf is only $80.94!

Is it worth saving $2 to accept Canadian???

Yes, save the two bucks plus it has $5face instead of $1!

 

[timt]

Anyone got the balls to short? Sell a little junk?

Weekly RSI over 90.

 

[spearheadbill]

Can we validate my address?

 

[Servant King]

Anyone got the balls to short? Sell a little junk?

Weekly RSI over 90.

It'd have to get well into triple digits before I'd even entertain the idea, much less actually pull the trigger.

What blows my mind is the 58.4 G/S ratio. I can't even remember the last time it was below 60. Got up to 112 or so during the Covid moment. Unreal!

 

[timt]

It'd have to get well into triple digits before I'd even entertain the idea, much less actually pull the trigger.

What blows my mind is the 58.4 G/S ratio. I can't even remember the last time it was below 60. Got up to 112 or so during the Covid moment. Unreal!

Knowing when to sell won't likely be evident. I've never been through a zombie apocalypse before.... or have I?