Silver getting crushed today

I've read many articles about millennials and their savings habits.

here's a few from public Marketwatch (my subscription sites can't share, so I always look for similar articles on public sites).

==> https://www.marketwatch.com/story/h...0s-and-30s-are-reluctant-to-invest-2018-05-14

==> https://www.marketwatch.com/story/w...d-talk-about-saving-for-retirement-2018-05-16

 

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Yeah, that is sort of how I understood it and what I have seen anecdotally. Millennial's saw their parents get crushed, and the parents never taught them HOW to save/invest. Hopefully they will learn

 

You can eat Bananas.
You can't eat PMs.

of course this excludes BananaCoin Crypto, which you can't eat either.

 

Maybe not for long

99% of bananas grown commercially ( Cavendish) are from clone bananas and are susceptible to a fungal disease which destroys them. the disease fungus is growing in area and becoming more resistant to the heavy spraying multiple times a month in many areas ( besides increased human exposure) and there are reasonable concerns the edible banana of olden days will disappear unless the plants are genetically modified. I see the nice yellow Cavendish in the market separated ( with different prices) into Organic and Not organic and wonder what will happen with GMO the norm. Maybe when GMO , make the, rainbow colored ( there are bananas of multiple color genes) for the kiddies.

Buy long term Banana futures!

 

Are they selling unicorn whiz derivatives yet?

 

The only commercial selling spot for bananas in the continental United States was La Conchita which sold bananas they grew there until 1998...inquiring minds want to know...
https://en.wikipedia.org/wiki/La_Conchita,_California

 

http://articles.latimes.com/1998/feb/10/news/mn-17483

 

if you google "banana" and "fungus" you'll find out that they have been having problems with a fungus wiping out many banana farms.

I came across it last year when I initially jokingly posted about the bananacoin crypto.

prices at the store haven't deviated though, so they must be doing okay.

Now Gold and Silver on the otherhand have a valuation virus going around.

 

Well I guess the bullion dealers have got their contracts all set up in case it continues to drop. If usual business, the buy back margin will increase and the sell price will ride down. IMO.

 

Gold ETF outflows continue on too at #4


I mostly follow them just for stock ETF flows but Gold and Silver ETFs are normally present too.

 

another day of downward pressure looks to be in store

US DOllar Index



GOLD


SILVER


PLATINUM


and the sweetest, yellowist product that everyone needs to hoard ...

from https://www.indexmundi.com/commodities/?commodity=bananas&months=60

https://www.marketwatch.com/story/the-banana-as-we-know-it-may-be-doomed-2016-04-22


@abuckmaster147 @LA_Geezer



edit:
oil distillant stockpiles down by 800,000 bls
gasoline supplies down by 1.6 million barrels
crude inventories down 2.6 mln bls
see how that trends over time, which may affect transportation and other trickle effects over time.

 

==> https://www.forbes.com/sites/moirav...tures-on-running-a-unicorn-farm/#49f07e6ac2d3

or, do it yourself ==>https://www.amazon.com/Raising-Unicorns-Step-Step-Successful/dp/1440525900

 

Is a troy oz equal to 48 grams

 

31.103 grams

 

48 grams is illegal here LOL that would be just shy of an ounce a dime and a nickle bag. LOL

 

and the rollercoaster goes back down below $1200

 

Honest question. Kinda knew troy was different. Just not how much.

 

Oops 28 grams per ounce. I'd be a terrible drug dealer.

 

Or a great one, from your customers' point of view...

 

It is interesting that this dive seems to have started around the time people had learned the inflation rate is the highest since 2012 and the deficit is at the highest also, a bad combination that usually might stimulate PM, Halloween is coming