Varmint
NES Member
Wow and palladium has doubled in two months.
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Gold and silver prices are down
- Thread starter Rider
- Start date
I’m like really upset silver hasn’t gone through the roof….fml
Win
NES Member
You’re not wrong, you’re early. The future will be better for owners of silver.
Individualist
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A sustained monthly close over 1990 and we should make a run towards the $2400-2500 range.
Varmint
NES Member
We tested $2000, now we need $1950 or $1920 to hold.
Varmint
NES Member
Is there some significance to $1990?
Individualist
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Yes, See #6905. High from mid 2020, we’ve been trying to break it for a year and a half. I think this was the 4th attempt. Break and hold we go up.
Drinking champagne in the shower might be your ‘new thing’ if gold breaks $2000 again today!
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Well, THAT didn’t take very long at all!
I gotta say I was wrong. I thought for sure the current administration would do everything to avoid metals prices rising, but here we are. The meek kid sitting in the back if the bus while Russia and China are walking up and down the isle punching kids. If this Ukraine situation doesn’t it end soon, this summer will be the worst economic year in my lifetime for the US.
Varmint
NES Member
Suppressing gold is meant to keep the public from seeing inflation. I think that cat's out of the bag.
Varmint
NES Member
Bit weird that silver mining stocks did so well today.
413guy
NES Member
2005
Varmint
NES Member
Are you thinking of $2090? That was the intra day high of 2020, closing high was $2069. I don’t see anything significant about $1990.
Individualist
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I like to look at the close of the tallest green candle on the monthly.
Varmint
NES Member
Scottsdale Mint on Gab: 'Market Update All right so here's the inside bas…'
Scottsdale Mint on Gab: 'Market Update All right so here's the inside baseball. As a company, we're not seeing the User volume of last year YET, but we are starting to see wealthy individuals coming in for MASSIVE amounts of metals. Wholesalers as well are coming in for HUGE orders in...
Varmint
NES Member
Scottsdale Mint on Gab: 'Market Update All right so here's the inside bas…'
Scottsdale Mint on Gab: 'Market Update All right so here's the inside baseball. As a company, we're not seeing the User volume of last year YET, but we are starting to see wealthy individuals coming in for MASSIVE amounts of metals. Wholesalers as well are coming in for HUGE orders in...gab.com
Can't find any evidence that Russia announced it is backing its currency with gold.
That's why they call it inside baseball... We shall see. Would be interesting if that is the case. If I find a retraction by Scottsdale I'll post it. They are usually standup about what they post.
And I repeat myself. When silver was taking a dive I said to some worry warts, "You will see $30 before you see $17."
I'm finally starting to see some green on my gold, silver and mining stocks... Lol. If I can get a few more percentage points out of them I'm selling! Get my money back and sit tight.
Varmint
NES Member
I don't have good stocks... Lol
Small dollars at stake so if i can get my money back that would be good. I have been bag holding for a while.
Gold hit a high of $2024 and is settled around $2012.
Yep. I was a little surprised it stayed there all night! I figured the goblins would be out to thwart varmints good mood, but apparently they’re a little busy cooking the books!
richc
NES Member
Goldman Sachs pushes up its gold price forecasts
U.S. investment bank Goldman Sachs has pushed up its gold price projections in light of recent political events. With the ongoing conflict, the gold price pushed up to $2020.98/oz overnight.
www.kitco.com
Hint: Take a look at Fortitude Gold Corp (FTCO) $7.43
Appears to be quite solid (earnings/balance sheet) and pays a monthly dividend (~6.5% CY). Little institutional interest now and no options, but...
Appears to be quite solid (earnings/balance sheet) and pays a monthly dividend (~6.5% CY). Little institutional interest now and no options, but...
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