Silver getting crushed today

Looks like the KItco site isn't updating for me. Must be pulling off random historical dates LOL



So PMs must be embargoed now.
which means they're gonna be worthless soon.
hey wait .. it showed yesterday on the screen via this screen snap shot versus a COPY

and the first chart shows up in editing as yesterday. weird things are happening.

unless I try a different website ??

 

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Frankly it doesn't matter what graph you post...they all look the same.

 

This one works for me ( silverseek.com ):

 

How long has it been since silver broke downward through two even dollar figures in a single 30-day chart? Quite a while. In the last thirty days, we've seen $17+ and now we seem to be able to stay below $16.

 

The price manipulators seem to be taking the price down .50 every three months recently - looks like we will now be in the $16 neighborhood until autumn

 

swing wildly a couple times this year

 

Look, one of two things is true:

1) There. Are. No. Price. Manipulators.
2) Everybody. Is. A. Price. Manipulator.

Suggesting that there is some "They" out there manipulating prices is irresponsible woo-wooism.

 

Regardless of the 'culprit', the recent price pattern looks like this:

 

Yes, as it should. Long overdue. It should be about $5.

 

Boo you, man!

 

Looks like it's going to go ... well, down some more ...

notice the bounce at NY NYMEX open .. now which way will it go ....







I betcha the guy that I low balled platinum for the other week is now kicking himself. Quite a premium compared to today. Maybe I might offer it again for a little bit less though.

Oh, and

Happy Friday the 13th !!

 

Strong dollar getting stronger.

 

Yes it is.
The US Dollar Index is one of the first items to check for reverse correlation to PM prices. It is the most consistent reverse marker for PMs. In a stable economy it will be a primary driver for the US PM market. But, alas, we live in a global economy now ... the 70s are gone.

 

If it drops to 5.00 Kurt throw the cat again and see the conclusion...

 

If it goes to $5 .. I'll be buying Silver and Gold. Forget Platinum, Palladium, etc.

 

Perfect time to buy!! I just bought 50oz of silver today!

 

Most likely the major bullion dealers supporting it to get their inventory down, then one by one when they are satisfied, they will step away and let it freefall until they have the courage to buy again. Maybe $14 by Halloween.

 

I am just about done buying for the year, so if this does in fact happen, I will do a good chunk of silver and gold buying for 2019 at the very end of 2018 instead.
If silver and gold fall a lot this fall, it will be very interesting how long it lasts.

 

it was moving sideways a bit .. now slightly down .. not a traumatic day so far


GOLD, well, it looks worse than it is


PLATINUM - guess there's no love for platinum with all these Electrified cars now ...
I was really itching to buy some platinum last month. Glad I held off. Not sure when to buy now, if ever ....

 

Couple interesting reads ....

well, this one is just boring ==> https://www.marketwatch.com/story/b...igh-down-your-investment-portfolio-2018-07-17


but here someone is starting a digital currency based on gold. So you can have your gold and use it as *real money* too.
==> https://www.marketwatch.com/story/b...turns-gold-into-a-digital-currency-2018-07-17

Ha. I still just use cash. Why convert cash, into fractional gold with some premium (then hope it stays steady or goes up) and then use it as "cash" when you could just use cash to begin with and skip a step ? Plus, I wonder what overhead, processing fees are associated with that as they aren't going to do it for free.

If you ask me, the card let's you "imagine" that you are using gold coins to pay for stuff. Your still using a plastic card to give to someone to swipe, and they're just using it as cash.