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 Replies: 3,219 / Views: 107,672 |
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Moderator
 United States
194256 Posts |
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Okay that's my rant, I'll put my tin foil hat and crystal ball away for today.  It is going to be a ride, that is for sure.  |
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Pillar of the Community
United States
1288 Posts |
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I think they had to slam the brakes on it because it looked like it was going to shoot straight to $68 right before the Market's opened. Well it looks like that didn't work, the brakes failed  It hit $68.08 at 11:30am for the December Silver futures. Giddy up!!  |
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Moderator
United States
194256 Posts |
I saw that.  |
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Pillar of the Community
United States
1288 Posts |
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I saw that. Some Fed dude named Christopher Waller, one of the Fed Governor's, made a comment saying he's willing to support holding rates steady if he sees progress. The market got really jumpy about that. Tomorrow should be interesting. Edited by Harry213
09/03/2026 2:26 pm
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Moderator
United States
194256 Posts |
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Tomorrow should be interesting. All before a three-day weekend.  |
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Pillar of the Community
United States
1288 Posts |
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US Non Farm Payrolls (August) 162k vs expected 56k (previously 21k) Dive, Dive!!  |
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Pillar of the Community
United States
1288 Posts |
Interesting reaction to the stronger than expected job numbers this morning. First a quick downward knee jerk reaction across the board, then everything seemed to bounce back or at least find support. Silver and Gold fell hard then retraced half of the fall and are currently back to exactly where they were Thursday morning.  The move down basically only erased yesterday afternoon. The rest of the market is reacting similarly. Though it's too early to tell. This afternoons price action will be what to look out for. My opinion is that there was a stark difference between what ADP reported and what we got this morning. Who is lying? ADP doesn't have a reason or any interest to gain from 'messing around' with the numbers, but we all know who does. And we've known this since the last Labor Numbers person was fired for being honest about job losses. Could it be that the market is also weighing this possibility? There's another week or two of Data to look at before the Fed decides, maybe that's what the market will wait for. Edited by Harry213
09/04/2026 10:29 am
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Pillar of the Community
 United States
5984 Posts |
Well, the week ended just above $$66, so no big complaint from me. Would have liked to see it go higher, but I'm glad it didn't take a nose dive.
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Valued Member
Canada
129 Posts |
Worlds worst phrase is "this time its different ". Except maybe this time it is lol. Waiting for gold and silver to take off again . Go look at the verified investing YouTubes and any of the YouTubes on central bank buying.
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Replies: 3,219 / Views: 107,672 |
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Posted 09/03/2026 12:23 pm
