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 Replies: 5,643 / Views: 459,567 |
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Pillar of the Community
United States
4333 Posts |
I find the new designs overwhelming. Haven't purchased anything new since I collected the entire Zombucks series x 20 including all the copper and silver proofs. I keep my eye open for 90% Kennedys close to spot, a roll here, a roll there. Price suppression of the metals is a good thing if you are stacking.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1101 Posts |
Interesting how the markets are reacting. DOW is still chugging away (corrections are normal) and yet, silver and gold are creeping higher.
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Pillar of the Community
United States
4333 Posts |
Following a long trend, gold and silver continue to fall.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
493 Posts |
Trend is sideways, inflation was priced in back when QE started, it just didn't know where the final baselines would go, I think we've found them. We have no shortage of au/ag, they are pulling it out of the ground as fast as they can, silver isn't a big deal since most of it comes along with the copper but gold is pure environmental destruction at this price point.
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Bedrock of the Community
United States
36839 Posts |
Interesting how Central Banks are repatriating their gold from US Fed and UK and the price is falling during this. Maybe someone is playing with paper gold prices to keep the price down while they scramble to fill these gold orders. Just thinking..
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Valued Member
Australia
491 Posts |
Have not been thinking about coins or silver for some months now.
Been chasing bigger fish.
Last night had a dream that silver was $12 43.
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Bedrock of the Community
United States
36839 Posts |
That really was a dream kg!
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Pillar of the Community
United States
4333 Posts |
Paper dreams!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
1026 Posts |
 The wedge now finally broke and it could get nasty. But expect a corrective bounce first of all... |
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Pillar of the Community
United States
4333 Posts |
Charts. A rigged market. Are you kidding?
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
300 Posts |
Chart from Chartramblings site. Posted by Smithy on the Trader's Talk Board: Here are my notes of actual gold turn dates 7/15/2005 Low 7/17/2006 High 6/27/2007 Low 6/28/2008 High 7/7/2009 Low 7/28/2010 Low 7/1/2011 Low 6/24/2012 Low 6/27/2013 Low 7/10/2014 High 7/23/2015 Penultimate low 7/6/2016 High 7/9/2017 Low The first turn date in the 13 instances is June 24th, and not before. (My comment--we shall see, in the next month!!)  |
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Valued Member
United States
493 Posts |
Gold is testing it's last July price. I'm going to wait off buying my yearly oz. and see what happens with interest rates this year. The price did firm right up at 1250 though. Although I would like to just buy now based on history. Silver .. I give up. Feels like a base metal right now.
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Pillar of the Community
Canada
849 Posts |
Some big drops in the last few days. I am surprised that all the precious metal gurus are not on this thread explaining what is going on. I am not smart enough to explain it!
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Pillar of the Community
United States
4333 Posts |
Very simple. Strong dollar always drives down the price of PM's.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
493 Posts |
Also lower demand, it's the summer doldrums.
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Replies: 5,643 / Views: 459,567 |
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Posted 05/07/2018 06:14 am
