Somebody throw silver a life preserver!

This is the kind of action I would've expected next Friday, when we have the big annual local show where I try to sell off junk silver to dealers. Gold's taking a bit of a dive, too, although (as usual) not nearly as steep.

 

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Personally I'm glad to see that it's going back down. As always, no telling where this roller coaster's going next!

 

Wow! That is more dramatic than the rapid climb.

 

Many of the stocks are doing the same. I have my suspicions, but can't be discussed as it overlaps a forbidden subject here. Maybe the AIs have decided to ..............

 

Seems like I heard a quick remark this morning that stocks were dropping because of stronger-than-expected employment numbers. I guess "plenty of jobs" implies "less reason to keep interest rates high", which implies "less inflation", which implies "maybe we don't have to pile ALL our wealth into equities and PMs". But I'm not an economy-talker man.

 

I bought a few ounces this afternoon.
I guess it's for the same reason that equities and gold are down, but silver is down a lot more % wise. I don't see why.
https://finance.yahoo.com/news/gold-slumps-china-central-bank-094256586.html?

 

Not quite. The higher than expected jobs increase in May implies that that economy is very strong. Hence no reason for the Fed to reduce interest rates soon. Rate reduction in July was anticipated by the market in general and priced in. Traders got ahead of the market as they must to make big profits. Speculation drives the commodity markets, sometimes to extremes. Even overriding supply/demand. Until it doesn’t.

 

What goes up must come down.

 

Don't they have a pill for that?

 

I passed up 11 ounces of generic rounds @ $28oz.
Couple reasons. They were generic and I really don't need more weight to stack.
If they would have been vintage I would have bought.

 

Afraid not

 

And, of course, because I did say something about maybe selling at the show this weekend...

 

NOoooo....Not a whole Dollar
What's that 4/5%? Just a blip on the screen stay tuned.

 

What goes up must come down.

 

As I sit at the blackjack tables...I can vouch for that statement

 

You be better off buying some gold or silver in any form. One day it will go back up. That way it can come back down. May you have better luck.

 

Both auctions that I was watching/ bidding on went for Twice as much as I was willing to pay.

 

Uh...I think the other way around

 

Prices and value don't necessarily go hand in hand.

 

How about this