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[Unknown?]

I think there is a ton of uncertainty stemming from the U.S. and China. I am sure there is lots of reasons about the particulars, like central banks offloading U.S. securities for gold, but i'm pretty sure this is what is driving prices up. W/ silver I think its the uncertainty plus increase industrial demand for its uses from AI and other stuff.

I believe it is this. It's not so much that the metals are going up because they are worth so much more, it's because people and institutions are losing faith in fiat currency globally.

Gold has surpassed US treasuries as an asset in central banks as well as it has become a tier 1 asset along with the dollar due to Basel 3.

 

[Unknown?]

Very good take on what happened to silver yesterday. 1.8 billion oz traded yesterday but of course they didn't trade that in actual metals.

"The riggers pulled out ALL THE STOPS yesterday to make sure the silver price didn't run TOO fast and destroy their short position. There is ample evidence of collusion and High Frequency Trading timed manipulation of 1.8 Billion Ounces of COMEX "Paper Silver!" And after all their work the price and short position BARELY CHANGED since Friday! As a matter of Fact they ended up with 12Moz or MORE SHORTS! Too bad the CFTC isn't operational anymore!!"

 

[Unknown?]

Silver is back close to its high and gold exploded up $150 on the day.

 

[DrFigs]

Haha I feel bad for all the suckers who sold yesterday me

 

[Unknown?]

Haha I feel bad for all the suckers who sold yesterday me

Well they just don't understand. They think it's too high but don't realize it's most likely hit a new paradigm. Here's a good explanation why people are shocked but it was entirely predictable.



Also Tether is buying gold on the scale of central banks!

 

[AJUMP23]

Even investment youtubers do the youtube thumbnails.

 

[Unknown?]

Knocking on $5500 now, $5485. Pretty insane, I think that's the fastest it has risen yet...

*edit* hit $5500

 

[Grildon Tundy]

Phew! I thought there was a problem for a minute.

 

[Unknown?]

Phew! I thought there was a problem for a minute.

 

[Big-G]

This rise in Gold is so fast it's concerning, haha. Never thought I would be investing in Gold, but here I am, and it's been an interesting ride so far, to say the least. It's even outperformed my deep-discount SPY position from last year's liberation day drop.

 

[Unknown?]

Good correction today but still at good levels. Here's a good explanation on why metals will likely keep going higher as well as why the currency devaluing isn't likely to lead to some Mad Max scenario.

 

[DrFigs]

Yeah I am not worried tbh. If metals were the only thing falling, I would be. But all stocks are getting pummeled.

 

[Unknown?]

Wow, it's nuts as of lately. Straight up rises, huge crashes, huge rebounds. I used to be upset when it would crash this much in the past because there is NO reason for it to go way down but we only went down to what it was at the start of the week. ROFL.

And you have to remember that QE by the Fed has started back up and debt accelerates every year to realize that in the long run it can only go up.

In China it's still at $122 for silver and $5200 gold. US can't go down too low or ALL of the metal will leave the west.

Yeah I am not worried tbh. If metals were the only thing falling, I would be. But all stocks are getting pummeled.

Agreed but I HATE how the mainstream treats metals. Theres always this aire of doubt. Always saying its a bubble or buyer beware when it goes up but they NEVER say that about the stock market. Its always it will always go up and let the good times roll.

 

[Unknown?]

Looks like recent downward trend likely has been due to another hike in margins to nearly 52k. Basically more desperate manipulation. Explains why Asia hasn't crashed.

 

[Go_Ly_Dow]

Wow crazy manipulation!

 

[Unknown?]

Wow crazy manipulation!

They had to. Big Wall Street entities were facing multi billion dollar losses with their positions expiring, threatening "too big to fail" institutions to go bust causing a huge contagion in western financial markets. Now they can cover their shorts with less losses. Shanghai is still $122 per oz. Physical markets have not been effected at all.

$1.5T in silver contracts traded today. 1.5B ounces.

2 year of global mining production.

Most people (99.9999999%) have no idea this even happened.

 

[Go_Ly_Dow]

They had to. Big Wall Street entities were facing multi billion dollar losses with their positions expiring, threatening "too big to fail" institutions to go bust causing a huge contagion in western financial markets. Now they can cover their shorts with less losses. Shanghai is still $122 per oz. Physical markets have not been effected at all.

Absolutely wild.

They are cooked. The bandaid of supression has been ripped off and everyone can see it.

 

[Unknown?]

Absolutely wild.

They are cooked. The bandaid of supression has been ripped off and everyone can see it.

Tbh I'm relieved that it dropped. I was getting worried we were on the cusp of the dollar collapsing and the whole system crashing. It will happen but we're probably not on the cusp of it right now.

Plus it was getting so high I was getting to where I couldn't buy one a month. It's at a nice dip and if it levels between $81-84 like it has been we're still way up on the month. At the beginning of January we were at $71.

 

[Unknown?]

Bald guy believes Friday was a bank bailout.


A good discussion with Vince again.

 

[Unknown?]

Well another hit happened but here are some good discussions about it. Mario points out that right at the start of big inflation in Weimar Germany in the 1920s gold was volatile and took big hits despite the reichsmark losing so much value.



Vince has a good take too, shows that it's still in the upward trend. It got above it and is now corrected back into it.

And honestly Andrew Maguire has one of the best analysis for the big pull back. It was going to collapse the too big to fail banks.

 

[Unknown?]

Just a prediction I saw online but it sounds plausible. If the price really does get smashed, I'll be buying more. Lots of places have huge premiums though.

"Get ready US friends - prepare to take full advantage of the fraudulent US paper precious metals markets dumping hundreds of millions of ozs. worth of contracts they can't deliver on, to smash the price. Yesterday was a holiday, so today through next friday the 27th will be a non stop paper dump in the US. This is what is known as a 'once in a lifetime opportunity'. Use their collapsing ponzi scheme to your advantage. Their idiocy is your opportunity."

Then again it is still above the 200 day moving average so it's still bullish in that sense and we have to go ALL THE WAY back to December 24th to be at a lower price and price is just that. Value hasn't gone down at all.

 

[Unknown?]

^ Well that prediction never came true. So the Gnome of Zurich predicted $123 before a correction and it got up to $121. Now he's saying $199 is in the cards for the not so distant future. We will see.

 

[jason10mm]

Question for you PM guys. My mom has a lot of junk silver coinage. Is it worth trading that stuff for silver coins or do you lose $$$ doing that? She has $50 or so face value of worn, circulated junk silver and im considering swapping it for 1 Oz silver coins but maybe the exchange isnt worth it?

 

[Unknown?]

Question for you PM guys. My mom has a lot of junk silver coinage. Is it worth trading that stuff for silver coins or do you lose $$$ doing that? She has $50 or so face value of worn, circulated junk silver and im considering swapping it for 1 Oz silver coins but maybe the exchange isnt worth it?

I'm no expert here but I'd keep them seeing as it's official currency. Might not be worth as much but it'sless likelyto everbe confiscated and you would lose some $$$ simply due to the fact that metals dealers have to make money to stay open.

 

[Unknown?]

Just bought a couple 90% silver quarters. I didn't have any of those in the collection so it's nice to have. Crazy to think a .25 cent coin is worth over $13 now!

Also very much worth a listen. Bald Guy Money has a good take on the support floor as well as the likelihood of another jump higher this year. Currently the metals are on discount though, for sure.