Silver Is On A Tear Today

$67.13 and climbing

 

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Go baby go…

 

Looked like a pretty strong move for both gold and silver today.

 

It’s all about the Treasury rearranging the deck chairs. Buying long bonds to stop the desire of holders to sell US debt (Japan)
Enjoy the sun deck. Don’t worry about the ship.

 

I heard something in passing today about a weaker dollar showing today. Not that I regard that as good news or anything…..

 

Back over $67.00

 

Bond market is not thrilled with Treasury moves. Push back today. Truth

 

Silver is just over $68.00 at the moment.

 

$70.11 To the Moon!!

 

Even with interest rates ticking up today to 4.737 % 10 year, silver is holding early gains and swings up. It’s not just speculation anymore.
Supply/demand in a 6 year worldwide deficit is a tailwind
Still holding most of my physical
Maybe I’ll sell some error finds. Collectors gotta be getting giddy

 

Silver rounds at the rock, gem and fossil show were an average of over $75.00 per round. Sone dealers wanted over $80.00. There were a few Morgan Dollars in low grade and they were more. The sign turned me off first.

 

He's really singing about a car (a useless depreciation expense) but you can visualize a load of Zombucks.

 

Monday could be interesting. Doesn't appear that Bessent's dog & pony show is selling too well.

 

But, but we got the world on the ropes.
As always, praying for peace
Pass the ammunition

 

It made it over $70.00 an ounce on Friday but it closed below that price. Maybe next week it will close above that mark.

 

Anything can happen and usually does in the topsy-turvy silver market.