Gold and silver prices are down

[Varmint]

That's good insight--sell at $20k. Thanks.

Sell when the pool cleaner is talking about buying GLD.

 

[Varmint]

Everything is rallying overnight.

 

[Varmint]

$2617 is the new all time high of the week. Yawn.

 

[yogi]

Everything is rallying overnight.

You are like a one person 24 hour news service

 

[richc]

Silver up $1.08, hurdled over $31.

 

[richc]

Everything is rallying overnight.

Do you sleep???

 

[Varmint]

Silver up $1.08, hurdled over $31.

View attachment 919338

Hopefully will bring junior miners with it, since they’re highly correlated.

 

[Varmint]

Do you sleep???

I’m in a different time zone.

 

[richc]

I’m in a different time zone.

We've all definitely realized that about you...

 

[Varmint]

We've all definitely realized that about you...

I didn’t mean a Time Machine. Oh never mind.

 

[Varmint]

GDXJ is up 4% to almost $50 in the pre market.

 

[Individualist]

That's good insight--sell at $20k. Thanks.

I plan to outsmart the market and sell at
$19,500. I’m no fool.

 

[Varmint]

Another day, another new gold all time high. Meh.

 

[DJBrad]

Spot gold broke above $2600.


Futures at $2634.


This is getting old.

 

[Varmint]

Spot gold broke above $2600.


Futures at $2634.


This is getting old.

No one is paying attention, too busy chasing NVDA.

 

[richc]

Silver up 64 cents.

 

[Varmint]

Silver up 64 cents.

View attachment 919658

That’s interesting, spot silver is up $0.64 but futures is up only $0.27.

Could this be when physical silver diverges from paper silver?

 

[richc]

That’s interesting, spot silver is up $0.64 but futures is up only $0.27.

Could this be when physical silver diverges from paper silver?

I still have not seen any signs of retail PM sales surging. For increased demand in physical holdings.

We've all seen them before. Large premiums over spot. Shipping delays. Few products in stock.

Generally the retail buyers are the last to know and react.

 

[DJBrad]

GDX and GDXJ just made new 52wk highs in premarket.

 

[Varmint]

I still have not seen any signs of retail PM sales surging. For increased demand in physical holdings.

We've all seen them before. Large premiums over spot. Shipping delays. Few products in stock.

Generally the retail buyers are the last to know and reac

By physical silver I mean the Comex. There’s been a silver deficit for two years, rumor is the bullion banks are pulling physical silver from their vaults to meet the excess demand, in order to keep the silver price from taking off. Eventually they’ll run out or give up on it. Such a larger gap between spot and futures is weird - could be the sign of Comex shortages.

 

[richc]

By physical silver I mean the Comex. There’s been a silver deficit for two years, rumor is the bullion banks are pulling physical silver from their vaults to meet the excess demand, in order to keep the silver price from taking off. Eventually they’ll run out or give up on it. Such a larger gap between spot and futures is weird - could be the sign of Comex shortages.

Yup, when limited supply meets virtually unlimited demand, all bets are off.

 

[richc]

Damn, just when I thought I hit the big time. The bastards knock me down.

Guess I better cancel the Bugatti order...

 

[HappyHarry]

 

[richc]

 

[HappyHarry]

View attachment 919697

Appreciate the update

 

[richc]

Appreciate the update

The surest way to get me to do something is to tell me that I should not do it…

 

[yogi]

The surest way to get me to do something is to tell me that I should not do it…

You should not give me your gold.

 

[richc]

You should not give me your gold.

I was waiting on some smart ass response like that...

 

[yogi]

I was waiting on some smart ass response like that...

I resemble that remark

 

[Canndo]

Just sold a couple ounces of gold. I feel pretty good about it.