Pop goes the bubble...

I'm just looking at the historical chart and how many years it's been stable, and observing the lemming behavior over the past two months. The jump to $50 seems sustainable longer term but above that looks like social media influenced nonsense to me. But I'm a curmudgeon. We'll see, won't we.

 

Log in or Sign up to hide this ad.

Just a warning to those who think prices will increase forever. They might go back up again since China and central banks are engaged in this foolishness. They are playing with "house money." Although heaven help you if you get on the wrong side of the guy who runs that place.

 

This drop has made people cautious but silver is holding in the mid 80’s range. Up and down but it stays close to $85.

 

If the bubble ended, it won't go out with a bang but a whimper.

 

No, it's being ridiculous.

The bond market would sniff that out within seconds and the yield premium on the 10-year Treasury would skyrocket such that it would be self-defeating.

The Bond Vigalantes are back !!

 

As I look at policy suggestions coming from various quarters, I'm thinking that "ridiculous" is not so much a disqualifier as a pre-requisite these days...

 

Down to $65.65 today before rallying a bit to $70.75. It's interesting to watch when you have no skin in the game I guess.

 

I don't know about you, but I'd call dropping from $118 to $65 in the space of a week a pretty big bang.

Bubbles never go out with a whimper. The go out with a *POP*

 

I think there are plenty of longs who are going to defend the up-move, PF. Recall that in 1980 and 2012 it was pretty much straight down after the highs were reached.

I would be surprised if we retrace all the way back to the $30's where we were in early-2025. I wouldn't be surprised if we do NOT go back over $100 but stabilize in the $70's +/- $10oz.

But I also wouldn't be surprised if we sprinted back up to $150 if othe risk assets (Tech, Stocks, BitCoin) get their act together.

 

I'm sure most longs long for an up-move. I've mentioned that my DCA is about $35 right now, so I too want a higher value. I wasn't alive in 1980, but my studies suggest that both the 80's and 2012 peaks exhibited the same classic behavior.

My point, Mr. Auric, is that the past week has literally been straight down. It has been nearly a 50% drop in the past week. Maybe Oddjob has been hiding the news from you, or you've been holed up with Pussy Galore at your horse farm in Kentucky. I have no idea where it is going to stop... but the number is down. Felix gave you a bad tip.

If you open up the vault, I'm afraid even James won't be able to defuse the bomb.

 

Great post ....the attendance at FUN 2026 was so pumped up by silver and gold sellers it was unreal.