Discussion in 'Bullion Investing' started by masterswimmer, Jun 20, 2019.
What happened in the world today?
At this moment
Au is up $36+/oz
Ag is up $.40+/oz
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Not to drone on, but I ran into a few news articles this morning that might explain it.
Good time to sell IMO.
10:24 A.M./E.S.T. Silver
It’s exciting to see. However it is what my doctor would call a false positive. It will correct as rapidly as it has risen..... Still fun to watch though.
Looks like I sold my silver too soon
I know not what you speak of sir!
Gold price in USD spiking.
Silver price in USD spiking.
Oil price in USD spiking.
US treasuries in USD spiking.
US equities in USD spiking.
Hmm... what's the common thread here?
Here’s my two cents: the Fed is looking at an interest rate cut. Repeat (perhaps overblown and unjustified) of earlier this decade when PMs shot higher.
PMs pricing are influenced by world events. Price fluctuations do not occur in a vacuum. It is not possible to intelligently discuss PM pricing w/o including events happening around the world. Adding politics to the mix is clearly grounds for censure and editing. I hope our moderators with their intelligence, wisdom, earned grandiosity and extremely high pay are aware of this and are capable of separating world events that influence PM pricing from the politics. (which should be censured.)
On Thursday Iran shot a middle into a US drone. The market is reacting to that incident. Gold is the highest it's been in years. But or sell, it's up to you. Me, I'm holding.
LMAO... ok, maybe 5-10$ 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
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!"
so whats the bottom line here ? if we could predict the future we would
all be billion airs !, anybody got a crystal ball....LOL
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.
Woo hoo! Silver is at $15.42... We are all PM magnates!
I added to my gold about 6 weeks ago. It’s true: a blind hog can find an acorn.
But a chicken wing.
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