Win
NES Member
Cool what caused the reversal and move higher?
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Gold and silver prices are down
- Thread starter Rider
- Start date
richc
NES Member
I hate to be that guy... but more buyers than sellers...
Most analysts seem to think that China is loading up the truck.
Still no signs of big demand among US retail. No lines at coin store. Premiums over spot are up some but not huge. No shipping delays.
IMHO this is the big boys at work. Fasten your seatbelts...
Win
NES Member
I am surprised by how little interest there is in gold domestically.
In regards to my question, I didn't know if a fed official started blathering on about imminent rate cuts or something like that earlier. The market started down and then when I looked up again, just a few minutes ago, it was up significantly.
In regards to my question, I didn't know if a fed official started blathering on about imminent rate cuts or something like that earlier. The market started down and then when I looked up again, just a few minutes ago, it was up significantly.
richc
NES Member
Dollar was up slightly so it's not the price of the US dollar.
If it is China buying, perhaps joined by the BRICS nations, that involves an interesting analysis. But you can be sure, if that's who is buying, it does not accrue to the benefit of the US.
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Seriously considering buying physical pm's. Where are you guys getting it all from? Grams vs ounces? What does the hive-mind think of digital silver? Its all so overwhelmimg especially with coins and the designs on them.
Physical gold is safer than mining stocks: State Street’s George Milling-Stanley — CNBC
Gold bars can be a valuable hedge during stock market weakness, according to gold expert George Milling-Stanley.
stocks.apple.com
Tell me your at peak cycle without telling me your at peak cycle.
View: https://www.instagram.com/reel/C3pgmqJPq5C/?igsh=MWVnaXpkZjZsNTJwag==
View: https://www.instagram.com/reel/C3pgmqJPq5C/?igsh=MWVnaXpkZjZsNTJwag==
Guy self promotes his own etf which is seeing record physical outlfows and poopoos mining stocks.
Physical gold is safer than mining stocks: State Street’s George Milling-Stanley — CNBC
Gold bars can be a valuable hedge during stock market weakness, according to gold expert George Milling-Stanley.
Varmint
NES Member
Varmint
NES Member
Guy self promotes his own etf which is seeing record physical outlfows and poopoos mining stocks.
Please, please, please buy my obscure little gold ETF, it sounds very similar to GLD, it even has GLD in it!
Wow 
$2400 breeched
$2400 breeched
Varmint
NES Member
Shits getting a little weird. Hopefully this is not some giant Chinese bull trap.
Yeah this is a bit scaryShits getting a little weird. Hopefully this is not some giant Chinese bull trap.
Gold is smart. There has to be some reason demand is skyrocketing and central banks are buying at these all time highs. Something is afoot. A massive change in the financial markets and global economy is at play.
You're scared? This is what I predicted yesterday and then some. If I guess right, something's seriously wrong. It's like "Rosencrantz and Guildenstern are Dead" and the coin flip comes up heads 76 times. Not good. Well, good, considering I made the right play, more or less, but scary.Yeah this is a bit scary
Not literally scared of course but in some way we all should all take pause to consider the rise in gold as being not positive for the global economy and capital markets. A good trade for sure though.
Silver $29
I'm being tongue-in-cheek about it as well. There are serious problems in China and in the European banking system. Aren't they cutting rates already while over here we're dithering about whether our economy is just too damned strong? Somebody knows something. What could it be? Bank failures? GFC 2.0?
Win
NES Member
I'm rapidly moving from a $20 Liberty collector to a $10 Indian collector ![[laugh]](/xen/styles/default/xenforo/smilies.vb/012.gif "Laugh [laugh]")
I really want to thank the Chase fraud department for shutting off my purchase of 10 ounces of gold on 7/23....
Varmint
NES Member
Biggest day yet for miners, my portfolio is up about 4%. Twist the knife on those shorts!
richc
NES Member
The shorts probably need new shorts today... likely shitting their pants.
Varmint
NES Member
VIXY hit $15 this morning. Hot markets.
HARRYM
NES Member
Eventually my 40 per oz for silver from a year or so ago will be reached. Then I can claim I was right all along and it was simply a timing issue!!
Sounds like Michael Burry on his bearish tradesEventually my 40 per oz for silver from a year or so ago will be reached. Then I can claim I was right all along and it was simply a timing issue!!
BTW I think it might be time to take profits.
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