PM market exploding

Discussion in 'Bullion Investing' started by masterswimmer, Jun 20, 2019.

  1. masterswimmer

    masterswimmer Well-Known Member

    What happened in the world today?
    At this moment
    Au is up $36+/oz
    Ag is up $.40+/oz
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  3. ddoomm1

    ddoomm1 keep on running

    Not to drone on, but I ran into a few news articles this morning that might explain it.
  4. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Good time to sell IMO.
    goldcollector likes this.
  5. tommyc03

    tommyc03 Senior Member

    10:24 A.M./E.S.T. Silver 1 kitco.gif
    masterswimmer likes this.
  6. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    It’s exciting to see. However it is what my doctor would call a false positive. It will correct as rapidly as it has risen..... Still fun to watch though.
    goldcollector and masterswimmer like this.
  7. Seattlite86

    Seattlite86 Outspoken Member

    Looks like I sold my silver too soon :p
    Randy Abercrombie likes this.
  8. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    I know not what you speak of sir!;)
    Seattlite86 likes this.
  9. -jeffB

    -jeffB Greshams LEO Supporter

    Gold price in USD spiking.

    Silver price in USD spiking.

    Oil price in USD spiking.

    US treasuries in USD spiking.

    US equities in USD spiking.

    Hmm... what's the common thread here?
    Last edited: Jun 20, 2019
    masterswimmer likes this.
  10. Santinidollar

    Santinidollar Supporter! Supporter

    Here’s my two cents: the Fed is looking at an interest rate cut. Repeat (perhaps overblown and unjustified) of earlier this decade when PMs shot higher.
  11. midas1

    midas1 Exalted Member

    PMs pricing are influenced by world events. Price fluctuations do not occur in a vacuum. It is not possible to intelligently discuss PM pricing w/o including events happening around the world. Adding politics to the mix is clearly grounds for censure and editing. I hope our moderators with their intelligence, wisdom, earned grandiosity and extremely high pay are aware of this and are capable of separating world events that influence PM pricing from the politics. (which should be censured.)
  12. ddoomm1

    ddoomm1 keep on running

  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    On Thursday Iran shot a middle into a US drone. The market is reacting to that incident. Gold is the highest it's been in years. But or sell, it's up to you. Me, I'm holding.
    ddoomm1 likes this.
  14. Brian Calvert

    Brian Calvert Active Member

    LMAO... ok, maybe 5-10$ of the GOLD is from that Drone. The real news is the dollar devalue, the FED cutting in July, then again this coming fall and Winter, PPT buying stocks, And soon QE. Then the real fun fun starts. And none of it has to do with coin collecting.
    Gold will be very valuable
  15. fretboard

    fretboard Defender of Old Coinage!

    It's certainly not enough of a price hike to sell. My guess is more people will buy as that's what usually happens when the price of gold spikes a little. Is it all over the shooting of our drone? Who knows, I mean I think it is! Will the price go higher, that's all up to how the POTUS responds to the shooting of the drone. As we used to say in the 1980's, "it ain't no thang!" :D
    slackaction1 likes this.
  16. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    so whats the bottom line here ? if we could predict the future we would
    all be billion airs !, anybody got a crystal ball....LOL
  17. rte

    rte Well-Known Member

    When I consult/shake to activate my crystal ball all I get is snow or static.
    It settles down after a bit yet still has no definitive answer.
    My small time buying spree had little to do with the recent price spike.
  18. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Woo hoo! Silver is at $15.42... We are all PM magnates! :p
    fretboard likes this.
  19. Santinidollar

    Santinidollar Supporter! Supporter

    I added to my gold about 6 weeks ago. It’s true: a blind hog can find an acorn.
    Nathan401 and Randy Abercrombie like this.
  20. Garlicus

    Garlicus Debt is dumb, cash is king.

    But a chicken wing.
    fretboard likes this.
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