Silver's on the move!

Going down today Good =) I would like to see a big jump maybe 10 years from now when I actually have some silver accumulated.

 

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https://en.wikipedia.org/wiki/Scout_Motto

 

Hey now, I was a Scout and therefore I always try to be prepared. Within reason of coarse

 

My preparation heard opportunity knocking loudly last week.

 

$20.58 We're on the offensive again.

 

Platinum spent January and February of this year below $900, just broke the $1100 mark today. Been a long damn time since we've been there.

 

I'll probably jinx it, but JM Bullion's page showed that gold popped to $1418 when the London market opened. It pulled right back down to $1370, so maybe it was a fluke.

We'll see in the morning.

 

Nice $.50 spike upward this morning!

 

PMs buyers need to keep a close eye on the US jobs report Friday. A strong report will vastly increase the chances of a Fed rate hike in September, along with a stronger dollar, which typically hits commodity prices.

Mind you, it will be a tiny hike and a lot of observers expect a one-and-done hike. But in a world of negative interest rates, it's hard to gauge how much of a commodity price drop it could trigger, IMHO.

 

You can't really expect a rational market when all the 'experts' are looking at chicken entrails. They are also all looking at different chickens.

 

Didn't silver make a drop of $1.50 this month? Now it's sitting at $18.50-$18.75 the last week. I am hesitant to buy right now. I'm just going to rely on Coin Roll Hunting to take care of my silver needs.

 

Well, we got a little bump to $19.40. I don't know what the jobs report had to do with it. Let's hope it stands.

 

The jobs report -- 150,000 new jobs in August -- is getting mixed reviews as far as the possibility of a rate hike this month goes. So far, markets are reacting as if the chance really went down. Of course, it is investor interpretation.

 

Seems you were correct. Silver is currently up at $19.21

 

19.36

 

$19.39 up $0.52 since trading started last night.

 

It's going to go over the psychologically important figure of $20 and then drop a bit. I think it might be on the upswing now. I had to pay 16x face for junk silver yesterday. I should have gotten more when it was 14x face!

 

Miners are approaching 52highs as well

 

$20.01 It's gone up $.86 this week.