Silver getting crushed today

Not a whole lot going on on price the past few days. That $18.20 number has been kind of steady.

 

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I have a feeling it all has to do with what has happened in the last election, To much uncertainty if I had to guess. I do not know much, but everything sure has me wondering.

 

I know it sounds strange, but I was hoping for a small drop in PMs . My coin club is sponsoring a coin show this weekend and I was looking forward to picking up some pieces at aa good price. I got a 2013 Gold Buffalo for $1330 yesterday form a local pawn shop.

 

Build a heard of Buffs!

 

I wish I could, but that kind of blew my gold budget. I'll probably look for silver coins. I'm a sucker for GSA Morgan Dollars and a Redfield if the price is right.

 

I don't know.. but is inflation starting to rise now a little ? that might make the gold go up then ?

 

The Fed did raise the Prime Interest Rate a small amount.

 

I thought the south china sea news would push PMs up due to international uncertainty/conflict. But ... nah any headwind into that ...

PMs with ETFs is looking more and more like a stock/bond.

 

Something happened

 

Tomahawk attack on Syria. This is as news , no political comments allowed, Thanks

 

Gold up more than $14

 

I just purchased 10 more silver eagles right before the word went out.

 

Timing is everything.

 

Still debating of doing generic silver or keep going with eagles maple leafs and 90% coins. I don't really buy kooks pandas or lunars

 

I think it will be short term peak. May sell my Calls and buy Puts back to yesterdays levels. IMO

 

I'm going 90%, ASE's, and generics right now. Mostly 90% and ASE's which are the most popular if you live in the United States.

 

May be a real short term peak. Gold has given back part of its gains and the Dow Jones futures have sprung off a sharp drop. Ain't investing fun?

 

" May we live in Interesting Times"

 

That's what Xi said.

 

US Treasury bonds are apparently getting a boost too.