Barry needs to BUY BUY BUY to support the Gold Price. If he buys enough he can corner the market and send the price to the Moon !!
from what I was reading last week, ppl are putting money into miners, but not the metal itself. Looks like general ETF inflow/outflows show that too. No top 10 outflow for Gold/Silver though. Though I guess you better pick the RIGHT Gold Miner's ETF as they vary in results YTD. compared to several that I found that track like this one oddly, the above too look like total opposites of each other and you can slide them together and they would interlock.
I knew it would go up today. I think ppl see too much "value" as it closes in on $1200/oz. Though, at some point if this was a stock I'd say it would breach 1200/oz fairly soon and keep going down .... SILVER
Any idea of silvers highest gain in 24hr period. In the last year. Just curious. Preety nice jump today
go searching in previous pages of this thread. You'll find your answer if you look at all the graphs and stuff.
I sure hate to be the big party scrooge, but when you look at the 7 year line, it does nothing but drift downward for PMs. Could be the magic high has come and gone, kinda like my retirement income. I'll stay parked in the flat stock market for a bit longer, meanwhile, it's nice to see real estate soaring.
Flat stock market? Sure, many sectors are going sideways, but you gotta look around. Ever since May many sectors have been rising, just not all of them. Even a Nasdaq Index is doing well Silver/Gold on the other hand ...
If you are in Silver for the long haul, say 100 years then you'll do pretty good on spot price. unless you add inflation then you'll be MUCH better off investing in an Index fund like the one mentioned above for Nasdaq