Now that we have war why arent we seeing spikes PM,S ?

Iam stumped here asking this question, both GOLD and SILVER are barely treading
water and this being in a time of war. i have always been told that GOLD is based on fear mongering. the more people that basically unsafe where one button could end it all
several countries are now joining the US, if true Russia is giving satalite imaging to Iran and China may be supplying additional missles and drones so why are PM,S so lathargic
Amphibious assault ships are heading that way, can you say boots on ground.

 

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I'm not surprised that PM prices have flattened out, hopefully the prices don't go too far downward but if they do they'll come back up, it's just a matter of time. As far as the prices going down, it doesn't surprise me, I mean I've heard of war pumping up PM prices but I've never really noticed it in action.

 

IMO, As long as confidence remains high that all is under control metals and commodities will remain relatively subdued.

 

I guess will have to see how things go and what direction but as a collector of PM,S
either direction works if it goes down i will just buy more if it goes up will appreciate the stack i have now

 

I take it because China and Russia central banks were driving them up to put pressure on the USD, and now that Venezuela and Iran has massively changed their calculus. They are treading water waiting to see what happens.

If you look at Central Bank purchases, that explains a lot of runups and bottoms. The 1990s were so cheap because so many central banks were sellers into the market.

 

True, but geopolitical happenings influence the prices of PMs. It really can't be ignored and expect PM prices to exist in a vaccum. The moderators should show some leniency because it's real world fact. Same for oil prices. This isn't tilting right or left, but let's not stamp out and ignore reality,

 

So far unsettling foreign affairs have not affected PMs as of the past two weeks. Oddly, they have stabilized them, believe it or not. I find that shocking.

 

As someone who has continued to stack during this I have yet to realize any financial relief acquiring physical PMs from any source. Maybe next week?

 

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You and me both as of my typing GOLD is down to $4,849 per OZ and SILVER has slipped to $75.64, as i stated in my openning Solvo..LOL, GOLD especially, is considered a PM you buy when your afraid and things are unsettled i cant think
of a time like now, and this is across the board.

 

I think precious metals are leading indicators, so the recent crisis as well as potential monetary easing in the future have largely been priced in. While I was one of those bulls calling for new all-time highs - and have admitted I was wrong! - I also had a model that posited that all of this was already priced in, and absent hyperinflation or something massive like that, we would experience a multi-year bear market as a new foundation would be formed. In the long run, as long as the money supply grows exponentially, precious metals will go up. But this movement can sometimes take years to really kick in.

 

I had a suspicion that China was manipulating gold (and possibly silver) behind the scenes, to undermine the U.S. dollar. There are so many forces at play that influence the prices. Let's accept that both gold and silver have had a huge run-up that was pretty unsustainable - where the blow-off top would occur was very hard to predict.

 

World's running out of money. Big players need to sell whatever they got to keep the war machine going. Both sides have to dig big - can't have a scenario where both win. Either now or never.

Precious metals aren't going to go very far when you got stuff landing at your front door.

 

The so called "experts" say the recent decline in PMs is due to the FED not lowering rates as expected. I don't know that I'm buying that or not. I think there are forces we don't know about or understand yet playing a part in that. If we knew, we'd all be rich.......or equally poor.

 

If you and I both knew, but nobody else did, you and I would be rich.

 

There is a great book "A Mathematician Reads the Newspaper" by John Paulos. In it he goes over various financial topics and the math around them. In it he discusses how how every day the news reports "the reason" why markets went up or down today. Mathematically it would be a near miracle if they DIDN'T go up or down, but everyone simply wants "the reason". His point is there is almost never one reason, maybe .5% of the time is there one fundamental reason for all market actions.

I view PM movement the same. Fed not lowering is A REASON, (maybe), but certainly not more than 10% of the cause most likely.