Silver getting crushed today

what no fence pots???

 

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Umm .. what ??

 

you must be referencing lumber
yes, the US imposed higher tariffs last year on imported Canadian Lumber.
and they continue to increase the tariffs
==> https://www.marketwatch.com/story/home-builder-sentiment-slumps-as-lumber-costs-soar-2018-06-18

but the spat has been going on for more than just recently, this article even references dairy.
https://www.marketwatch.com/story/c...-and-punitive-us-tax-on-its-lumber-2017-04-25

which all hits the housing market of course. I recall reading last year or what not, that many undocumented immigrants did most of the house framing. And they split after a crackdown so that caused a large shortage of labor, and pushed house framing costs higher, thus new home costs higher. So expect new house costs to continue to rise, and the supply continue to decrease.

And the used market has a low supply too pushing up those prices. The other week I checked and my home value is up another $33k in the past year. I did NOT add it into my equity calculation as I think the bubble is gonna burst at some point and who cares .. I'm not going to sell anyways.

Savings rates are increasing, thus ppl are spending less. Which they could be freaked about the economy's direction right now. So less spending .. which means less buying. Junk credit defaults are rising too. My junk credit investments are just averaging about 1.70% now (10%+ just 1-1/2 yr ago before I pulled the plug and reversed) .. about the same as my high yield savings acct @ 1.7% but much safer !! I've been getting out of them now for over a year and only have several hundred left, since I saw junk car loans start dumping a year + ago. https://www.marketwatch.com/story/s...o-loans-and-its-going-to-get-worse-2016-11-30


a lot of the tariff stuff is hitting the market hard today.


but my FB and SQ are so far up today

But silver and gold .. lackluster ..

 

Fence POSTS!! Not Pots silly Phone.

 

ahh .. i was going to reference the stock symbol .. POTN for you ....

 

Isn't that the president of Russia.

 

ha! It's a "pots" type stock. It used to be a high flying stock but crashed a few months ago.

 

Let's see what happens in the market.
Further political statements about massive increase in China tariffs and counters.
Futures are well down


US Dollar Index - which is pushing PMs way down starting last Friday (middle of chart) to today (right side of chart)


Silver


Gold


Platinum

 

Methinks it may be time to add to the stack.

 

Think well before doing so IMHO. Only if the tariff wars stops quickly ( and it is possible to even get bigger), or it will continue to go down. The volatility index is up 9% today also, so it seems more bingo or bust coming in a month or so. If the bullion dealers start having honest sales to reflect the decline, it might also be time for an individual to reduce their 'stack' for a year or so. IMO! Jim

 

Aren't you concerned about being labelled a blasphemer?

 

The truth is never blasphemy, only the interpretations of man.

 

I dunno, Jim, this is the section of the "true believers" who are convinced the only reason silver isn't $200+ is because the "gummint" is artificially holding it down.

 

Not my motivation at all. I simply like knowing my kids will have a dickens of a time divvying it all up one I leave the party.

 

Really, the only one who continually strings those words together in a sentence is you. And you do it often.

 

Maybe you're into listening to William Devane drone on about "security" while on some battleship despite the fact he never served.

 

Now THAT'S funny!

 

I checked into ASEs ... the premiums are high.
Overall Prices never really dropped
For spot stuff though it should be good.

But what toMorrow bRings ....

 

9:40 PM
GOLD
$1,277.18 0.71

SILVER
$16.38 0.00

PLATINUM
$871.35 -1.75

PALLADIUM
$974.75 1.75
Show Charts

 

Futures are UP


US Dollar Index staying steady or slightly up



not much change