Gold and silver prices are down

[richc]

Gonna post these bars in the general WTS forums...

You had your chance!

 

[Varmint]

This is idle speculation. IMHO we're getting closer and closer to Israel's attack on Iran. Many don't want to let the weekend go by without owning PM's.

People/institutions are loading up in case. If nothing happens over the weekend, look for a bit of a sell of on Monday.

I don’t think Israel is going to attack Iran’s oil production, but I could see them targeting the nuclear program or some terror supporters.

But I don’t think gold’s price has much to do with geopolitics, it doesn’t move up or down with geopolitical news. Oil is down today and gold up, indicating it’s not Middle East fears. The world just sees that we can’t afford to finance our debt, and the only way out is gonna be debt monetization.

 

[DJBrad]

We are in a definitive breakout

 

[DJBrad]

Silver is up over +6%

 

[Varmint]

Silver is up over +6%

Silver blew through $33 resistance. Too bad it’s Friday, Monday’s gonna be interesting.

Many gold juniors still not moving but silver juniors up 10% today.

 

[richc]

The price of gold and silver skyrocketed today. That often happens before a large, troubling event. I wonder if Israel will attack Iran this weekend

 

[ASHDUMP]

I was never into colored silver however these will make great presents for friends and family.

Christmas Holiday Bullion Gifts | Scottsdale Mint

Discover the magic of the season with our exquisite holiday and Christmas bullion coins. Commemorate festivities with precious metals. Limited editions available.

www.scottsdalemint.com

 

[Night_solstice]

The price of gold and silver skyrocketed today. That often happens before a large, troubling event. I wonder if Israel will attack Iran this weekend

Well NES was down for a short while.....does that count??

 

[Varmint]

The price of gold and silver skyrocketed today. That often happens before a large, troubling event. I wonder if Israel will attack Iran this weekend

BRICS summit is Tuesday, could be speculation they might announce a good backed currency.

 

[richc]

Apparently there is an enormous short position in silver. The shorts got crushed today.

Of all these shorts need to unwind their petitions we may see the mother of all short squeezes.

And there was much rejoicing

 

[Win]

I'm going to the Nashua show tomorrow. I'll be interested to see the turnout. On one hand there is rightfully some excitement in the PM market, on the other hand a lot of people are getting wiped out from layoffs and inflation.

 

[Individualist]

View attachment 927596Not my image. I found in twitter

That decades long cup and handle has been keeping silver bugs on the hook for a long time. it should break out in my remaining lifetime, but it’s my kids or grandkids who will truly benefit.

 

[richc]

That decades long cup and handle has been keeping silver bugs on the hook for a long time. it should break out in my remaining lifetime, but it’s my kids or grandkids who will truly benefit.

And they get the benefit of stepped up basis when your time comes...

 

[richc]

 

[DJBrad]

 

[DJBrad]

 

[richc]

Had a guy with 1 post on NES private message offering a silly low price for my silver bars.

i don't think so.

What's the over/under on silver crossing $35 this week?

 

[chris_1001]

Had a guy with 1 post on NES private message offering a silly low price for my silver bars.

i don't think so.

Will you take my silly low offer since you know me??

 

[richc]

Interesting video. Some good points.


View: https://youtu.be/ImiE8WCR7Yk?si=Rz0mwsWZpv7Cfk7G

 

[Varmint]

I’ll go ahead and tell you what happens today.

Gold new all time weekly high of $2750. Silver and miners up 0.5%.

As my kids would say, I was only off by one decimal.

 

[Varmint]

Will you take my silly low offer since you know me??

He’ll need to unblock you first.

 

[chris_1001]

He’ll need to unblock you first.

He’s a personal friend. Well. Up and until I low balled him.

 

[DJBrad]

Silver. What a beautiful metal.

 

[Varmint]

Another day, another new gold all time high.

Gold $2747
Silver $34.3

 

[DJBrad]

Another day, another new gold all time high.

Gold $2747
Silver $34.3

I got called in for a night shift so I can watch the 4am dump live.

 

[DJBrad]

No dump!









Yet….

 

[Varmint]

$2750 has a nice ring to it.

 

[steven grammont]

Just bought some more fractional pieces of gold on Saturday

 

[richc]

He’s a personal friend. Well. Up and until I low balled him.

Dead to me…

 

[In God We Trust]

This is idle speculation. IMHO we're getting closer and closer to Israel's attack on Iran. Many don't want to let the weekend go by without owning PM's.

People/institutions are loading up in case. If nothing happens over the weekend, look for a bit of a sell of on Monday.

Anyone buying gold now is insane in my opinion. It may go up a bit more, but I think it’s near the top. We have seen silver at $50 already so that is where I would be investing.