Silver Is On A Tear Today

I'm curious which one you have bought. I have a few and I'm wanting more but to nervous to do it with the price right now. I Keep thinking tomorrow it will dip and guess what it hasn't

 

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If you've made some nice gains, consider profit-taking. Especially if a big drop would hurt you.

We are WAY overbought. We could go higher -- but ALOT lower.

 

Sounds great and we’re all trying to play but eventually you need to give everyone a wheel barrow to haul the cash it will take to purchase anything. Bring on digital currency so you don’t have to carry all the cash. Ok.
Now the problem becomes anyone retired on a fixed income and even the working class. People won’t get the income increases needed to keep up with the mess. This works for a while. We may be getting into the first stage of it not working. They really need to pull a rabbit out of a hat now.

 

TRX. Canadian company operating in Tanzania. High risk high reward. I had a bunch back in 2021 at 0.51 but got bored and got rid of it. It’s over 2 now. It won’t perform like the big guys but at the low end it could keep going. I have several and nothings missed so far. I think quarterly earnings reports at these new prices will send most of them soaring. Prices would have to have the most epic crash of all time from here to have an affect. If metals stopped moving up and just held within 20% behind where they are now, people are going to pile in. I got some barrack too.

 

Is it overbought or is the dollars weakness getting exposed like never before? I’m hearing Japan has major issues right now and may need a bail out. If the world has to come together to bail them out, that will be more inflation. Are interest rates going to be raised or lowered this year? Any lowering going to send metals higher. I’d have to think if there was a way for them to suppress this it would be suppressed by now.

Everybody says it has to crash just because it “has to” but why does it have to? Is the Fed going to raise interest rates to 20% anytime soon because that’s what it took last time. They may be running out of tricks. I’m not happy about it either. I don’t like gold products becoming unobtainable. $20 pieces will be out of sight now. US mint products will be unobtainable to most as if they weren’t going to be already.

Imagine if all the crypto BS didn’t exist how much more cash would be in PMs. There’s enough cash floating around to maintain every investment at all time highs. That should tell us something. Maybe all this crypto was created to divert massive cash flow into other random assets to get it out of other markets and out of commerce. People holding BTC are basically helping tamp down inflation with all the rest of the numerous cryptos people chase. Not many are actually used. They’re just another perceived asset holding money out of the system on paper. No wonder the government is starting to warm up to it.

 

Silver is over $130 in China. It’s up to $117 in the US. It’s going up due to supply shortages and high demands.

 

Japan is a net creditor nation. They need a bailout like Elon Musk and Warren Buffet need a GoFundMe to help pay their bills.

The Japanese 10-year has gone from 0.2% to 2.25% in a few years. It's at levels not seen since the Bubble Decade of the 1980's. The yen is weak and that is leading to higher rates...because many times, higher rates are a prerequisite for a stronger currency. Cause and effect are reversed at times, as the proverbial "shift in the demand curve" is replaced by a shift ALONG the demand curve, as my Eco 101 professor used to tell us.

Japan's Yen is weak, they need higher rates to lift it....or LOWER rates abroad. But everybody else is cutting.

It's not gold that is the problem; it wasn't in 1979-80, either. It was inflation that was the problem and drove gold then....gold is going higher for other reasons but clearly inflation in the 2-3% range can't explain this rise since 2018 or so.

Good provactive points...but notice that the last few weeks (months ?) gold and silver are up strongly and Bitcoin is down or flat.