GM-GUY
NES Member
Looking forward to $2700/oz tomorrow
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Gold and silver prices are down
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richc
NES Member
Varmint
NES Member
$2687 as we speak, errr, type.
$2894 and just pulled back.
Varmint
NES Member
The way gold is behaving, never really having a pullback, every night the banks try to drive it down and someone steps in to buy the dip . . . makes me think the institutional money is slowly building positions, and don't want to drive gold up too fast.
Retail investors are oblivious, still trying to buy tech stocks on the dip.
Retail investors are oblivious, still trying to buy tech stocks on the dip.
Win
NES Member
Agree. I've mentioned the run in gold to several people and no one is interested - they just look at me puzzled as tho it was odd for me to even notice.
Varmint
NES Member
When gold is $4000 they’ll be asking you where’s a good deal.
richc
NES Member
Retail investors are the last to act...
That's when you know the top is near. When retail buyers get anxious and hungry, with FOMO, prices tend to skyrocket to a price top.
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Varmint
NES Member
Yes except I don’t think gold will top this time. Did gold top out in Zimbabwe?
Varmint
NES Member
And today’s new all time high is . . . $2687. 
richc
NES Member
What are you doing up at this ungodly hour!And today’s new all time high is . . . $2687.
Varmint
NES Member
What are you doing up at this ungodly hour!
Waiting to kick off the $2700 party?
What are you doing up at this ungodly hour!
He’s on the other side of the world. Different timezone.
Varmint
NES Member
Silver baby, $32.70, so close to a breakout.
GM-GUY
NES Member
Hit over $2701 and Silver at $32.84
Had to wait a day due to the markets being hammered yesterday.
Not much longer folks - I’ve mentioned elsewhere that the system has been run to the brink and there are no safety devices left.
Had to wait a day due to the markets being hammered yesterday.
Not much longer folks - I’ve mentioned elsewhere that the system has been run to the brink and there are no safety devices left.
Varmint
NES Member
Well the way out is inflation, not hyper inflation just a steady erosion of our national debt and unfunded liabilities. 10% a year should do it.
Varmint
NES Member
GDXJ is up to $1 to $51.60 in premarket.
Come on, breakout, you know you want to.
Come on, breakout, you know you want to.
Why are you looking?! A watched pot never boils Rich!
richc
NES Member
Interesting, the one year returns for both gold and silver are
Sounds like a case of the pot calling the kettle black...
Sounds like a case of the pot calling the kettle black...
richc
NES Member
Table of total yearly returns of gold
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Varmint
NES Member
Interesting, the one year returns for both gold and silver are
Sounds like a case of the pot calling the kettle black...
The politically correct analogy is the snowball calling the snowman white.
Varmint
NES Member
Nice to see gold and silver rebounding every night after JP Morgan dumps contracts on the thinly traded 3 am market.
Here comes the pullback after hitting $2700.
richc
NES Member
Grasshopper, keep your eyes on the horizon. The ups and downs between here and there are meaningless noise.
The US debt is skyrocketing. The cost of debt service for US bonds is now over $1 trillion/years. The deficits keep growing.
Ups and downs are not of concern. If you believe in the long term story of the US dollar shitting the bed, that's all you need to think about.
Sincerely,
Sensei RichC
Definitely not something I’m concerned about as I’m in it for the long haul. These cycles are long and drawn out. The USD is on a downtrend cycle that may last a loooooong time.
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