Metals on the Move

Supply/demand is a funny thing. The cost of the last barrel of oil determines the spot price for delivery today. The cost of the silver spot will be determined by the last oz available for delivery, immediately on demand. Ditto gold.
Add electronic trading and capitalistic tendencies
And can’t see world peace breaking out right away
Our little physical holdings are just a ripple on a large lake
Going along for the ride with y’all

 

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I still haven’t decided yet if I am excited or mortified.

 

I’m a little of both.

 

If supply/demand isn’t enough, when banks are caught off sides with short positions…
Hard to imagine where the pain/pleasure line will be drawn.
https://m.jpost.com/business-and-innovation/precious-metals/article-825207
https://m.jpost.com/business-and-innovation/precious-metals/article-817116

 

The BRICS countries overtook the G7 countries share of the world's total gross domestic product (GDP) in terms of purchasing power parity (PPP) over 6 years ago. The BRICS countries have already surpassed America and all Western Nations in GDP and they are only in their infancy.
They also control the majority of the Global food supply, resources and commodities and own 40 % of the Global oil supply. If Western nations continue on their idiotic self destructive couse we will all be speaking Mandarin and or Russian in the near future.

 

I’ve been buying GLD & SLV, ETFs. Same direction, different lane

 

The Five US banks that are shorting silver are down over a billion in losses just from Friday's move.
I don't believe they will take a billion dollar loss quietly lol.
It's gonna get crazy.
Curious to see how the Asian markets react this evening.

 

Where do you find that info?

 

Hey Randy, go on any of the bullion sites they all have real time tickers. I use APMEX.
Silver already broke through$34

 

The same place. Just remember they are a day ahead of us caused by the International Date Line.

 

How about that? All these years I was dead convinced in my mind that those tickers shut off at 5pm on Friday and didn’t start up again until 8am Monday. Thanks!

 

6 pm Eastern time every Sunday for Asian Markets.

 

Basically they do, just not for our time zone.

 

Here is the KITCO link for those interested in live silver spot price, real time graphs etc.


https://www.kitco.com/charts/silver

 

Screen shot of current silver spot price from APMEX. Asian markets open.

Seems odd seeing silver at these prices. Odd in a good way

 

A little dip on SLV this morning. Bought another 20 oz equivalent
Now if GLD is affected by the morning stock selloff, I’ll hit that on the dip.

 

And another 20 a little lower.
I’m in for the longer run. At 75. lol