Varmint
NES Member
Damn, gold is only up $15 or so today. Before you know it gold will be back below $2000...
$15 up when stocks, bitcoin and tech were way down. Divergence, I’ll take it.
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Gold and silver prices are down
- Thread starter Rider
- Start date
$15 up when stocks, bitcoin and tech were way down. Divergence, I’ll take it.
chris_1001
NES Member
Yup. His friend did a batch in .999 silver.
I have a bunch of the non PM versions
I don’t have a pic handy.
ETA. Here is the thread.
Varmint
NES Member
Do not adjust your television sets, gold is $2152. ![[cheers]](/xen/styles/default/xenforo/smilies.vb/018.gif "Cheers [cheers]")
Resistance is futileDo not adjust your television sets, gold is $2152.
Varmint
NES Member
Basically Powell is firming up the pivot. “Terminal rate is achieved” and “Don’t want to cut too soon nor wait too long to cut.” Yeah, consider that last outlook to mean the economy is effed.
NHCraigT
NES Member
richc
NES Member
There have been times when PM's became newsworthy over time. About once a decade on average.
There are telltale signs I've noticed. You'll see small news stoiries about the price increase. Maybe they'll interview a gold/silver dealer or two.
Anytime this starts I'll drive by a few gold/silver dealers in the area to see how much foot traffic exists. Particularly on weekends.
Are they busy? Are people buying or selling, or both? You can figure out the sentiment chatting with a few folks.
What are people thinking? Why are they buying or selling? What's top of mind?
We could be entering one of these periods when you could see lines outside small shops.
Watch for the indicators that this is becoming ingrained in the mindset of regular Joe's on the street.
ETA: Another big tell... you'll start seeing lots of ads for gold and silver on tv. Both buying and selling.
There are telltale signs I've noticed. You'll see small news stoiries about the price increase. Maybe they'll interview a gold/silver dealer or two.
Anytime this starts I'll drive by a few gold/silver dealers in the area to see how much foot traffic exists. Particularly on weekends.
Are they busy? Are people buying or selling, or both? You can figure out the sentiment chatting with a few folks.
What are people thinking? Why are they buying or selling? What's top of mind?
We could be entering one of these periods when you could see lines outside small shops.
Watch for the indicators that this is becoming ingrained in the mindset of regular Joe's on the street.
ETA: Another big tell... you'll start seeing lots of ads for gold and silver on tv. Both buying and selling.
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Varmint
NES Member
Do you remember what years you saw this in the past? Costco’s gold and silver sells out in a couple hours every time.
Individualist
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Selling? I don’t think so.
Varmint
NES Member
It’s truly amazing that miners are still barely moving on this gold breakout. Some up 10% today, some didn’t move and some down 10%. I guess no one is left in the sector, it’s a ghost town.
richc
NES Member
Well, the first time was in the early 70's. Then around 1980 when the Hunt brother's tried to corner the silver market. My Dad and I had a coffee can or two filled 1964 and early silver coinage. We went into Boston and stood in line a JJ Teaparty, selling our cache for thousands in cash.
Late 80's there was a smaller spike that brought out the buyers/sellers.
In 2011 I sold a sack of $250 face value silver coins when prices spiked. I started making small purchases around 2014/2015 when prices tanked. And have been making small purchases ever since, when there was a pull back in prices, or a deal too good to be true. Loved when Ebay would subsidize my purchases with eBay cash back rewards. I could buy an ounce of gold for less than spot at times.
We're overdue IMHO. Especially with the financial malfeasance going on in our government. The more press this gets, and the more inflation hits the news, the more our collective psyches will be driven to look for alternatives to fiat currencies.
When we see more news items, and more people talking about it online and in person, we'll see the kindle needed to get a roaring fire of demand.
It becomes an irrational exuberance in the PM world.
Varmint
NES Member
Gold closed at 2148 or so today. Will it close about 2150 tomorrow?
Dunno but gold is behaving very bullish, and we aren’t getting sell events anymore now that the Fed has stopped raising. So we don’t get the $50-100 drops we were getting before. Also central banks aren’t bargain shopping anymore. For years they’d stop buying at $2000 and start buying at $1650-1800. Now they seem to be buying regardless.
Gold recently just moves above resistance levels then consolidates.
Varmint
NES Member
Gold:silver ratio is below 2008 and 2016 levels, and is primed for a big rally. $2500 gold likely means $50 silver.
Varmint
NES Member
All time high for gold is now $2169. Its hard to keep up.
Win
NES Member
From Lobo Tigre:
Varmint
NES Member
Crazy how strongly correlated stocks were until Covid. I guess that was when Clown World stepped it up a few notches.
Touched a new ath
This is my portfolio that I've been bag holding since 2021. Should I just get rid of it? Or, are there any I should just get rid of right now because they're doomed? I haven't been keeping up...
Varmint
NES Member
Not familiar with GORO and TRX, but Id say it would be a shame to sell now as gold is finally breaking out after you’ve endured all the pain.
richc
NES Member
Please let me know when you sell. That's the day I'll buy...
Us mere mortals are superb contrarian indicators of future stock movements.
pinefd
NES Member
Hey, guys, I'm hoping you can help me put a value on a $20 gold Liberty Double Eagle coin that I have, dated 1898 S. A buddy of mine who used to be a gold dealer tells me that it has some numismatic value, in addition to its gold content. But since I'm no longer into coin collecting, and just a casual follower of gold and silver prices, I don't know how best to determine value. Here are pics:
Thanks in advance.
Frank
Thanks in advance.
Frank
A very nice piece Frank. I’m sure @HappyHarry could chime in.Hey, guys, I'm hoping you can help me put a value on a $20 gold Liberty Double Eagle coin that I have, dated 1898 S. A buddy of mine who used to be a gold dealer tells me that it has some numismatic value, in addition to its gold content. But since I'm no longer into coin collecting, and just a casual follower of gold and silver prices, I don't know how best to determine value. Here are pics:
Thanks in advance.
Frank
A quick google search shows a wide range of prices, here’s one for comparison but you’d have to pay to have it graded. I’ll give $100 in cold hard cash
chris_1001
NES Member
A quick google search shows a wide range of prices, here’s one for comparison but you’d have to pay to have it graded. I’ll give $100 in cold hard cash
I was going to offer $25 for a $20 coin
Im glad I did not lose $5 on the deal. Phew!
Parker Schreiber
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That $2850 price seems in line with the market. It may even be a bit on the low side. Your coin looks more like an MS61 to me, but I’d expect a dealer to offer you about $2400-2500 for it.
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