Varmint
NES Member
Yeah I guess it’s a fear trade and probably short squeeze. Bonds are also being bought. Stocks not moving but that’s normal these days.
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Gold and silver prices are down
- Thread starter Rider
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Yeah I guess it’s a fear trade and probably short squeeze. Bonds are also being bought. Stocks not moving but that’s normal these days.
413guy
NES Member
page 300, nice.
Romokid
NES Member
I wish I had had some additional spare funds available as I would have bought more than what I did. You made a good move.
Is this it or another range bound price action? 3% daily move is pretty nice.
I don’t know how to trade this market. What do these people know today that’s so dramatically different than what they knew (or was available for them to know) yesterday?
richc
NES Member
There are a couple things that happened recently.
Yes, the cost of gold increased. But... yesterday and I think the day before the US Dollar rose substantially, which negates the rise in the gold price in US dollar terms.
Currency has an impact.
Win
NES Member
I don't think that accounts for even 1%. I think it's just a stampede, and there's probably a fair amount of cash on the sidelines waiting for the inevitable correction in equities to force a transient sell off in gold. But then you have to sit there wondering whether geopolitics gives gold enough of a tailwind that the dip doesn't look like you thought it would. "Better buy in now." In other words, FOMO. But where will it be in two weeks?
thorin
NES Member
I like having a box of shiny pirate treasure. Its not a great investment in terms of increasing in value but its a fun hobby and honestly I might have spent the money on something that didn't hold any value anyway so at least I have it as a store of savings that might come in handy someday
Night_solstice
NES Member
I give them to my nieces and nephew each holiday as a extra 'treat', just hope they don't lose them
thorin
NES Member
Same here. And co workers who go the extra mile and have a good attitude. Can't take em with me when I'm goneI give them to my nieces and nephew each holiday as a extra 'treat', just hope they don't lose them
Always loved the maples
Win
NES Member
I didn't previously see this question but I can answer it. For me, it's both investment and collecting historical pieces. It's also because I don't believe in "money" that has no value whether that is fiat, digital token, or anything with no physical manifestation. The only money I'm comfortable owning have to commodities - they have to have value to the owner beyond simply what someone else will buy them for. That, piece about having no value beyond what someone else is willing to pay, feels precarious to me. I'm not comfortable with it.
richc
NES Member
For me it's keeping some of my assets out of a currency, the US Dollar, that is backed by the "good faith and trust" of the US government.
Thing is, at this point I don't trust the US government to do the right thing, as is apparent from the enormous US debt and yearly deficit.
Makes me feel better about grabbing that WalMart silver at $23.60/oz shipped
It was shipped USPS direct from the vendor, showed up in a padded envelope and some bubble wrap about 4 days after I ordered.
That cup and handle pattern looks good to me. A nice handle with grips 
richc
NES Member
I see a pair of boobs with a huge cleavage...
A very wise man you are
Need that $2100. Not happy about war causing gold to spike.
Varmint
NES Member
since the author wrote this this weekend, gold has already broken through his triangle.
Win
NES Member
It's always bitter sweet for me when gold starts taking off
The spread is very thin and gold spot price could easily enter backwardation.
richc
NES Member
World events will help prevent backwardation.
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