| Author |
 Replies: 2,784 / Views: 88,939 |
|
|
|
Pillar of the Community
 United States
5862 Posts |
Quote:
It's the U.S. markets that open shortly Yes, my bad. Thanks for the correction. In other news, things do seem to be looking up with silver above $70 again. |
|
Moderator
 United States
189340 Posts |
Quote:
I was going to wait but I was able to pick up another 1/2 ounce painted AU year of the dragon coin. Excellent!  Quote:
Still holding off on getting bullion.  |
|
Moderator
United States
189340 Posts |
Quote:Quote:
Prices—They rise fast, but lower slower. "Patience is a virtue".  Preach it!  |
|
Moderator
United States
189340 Posts |
Quote:
Silver is right back to where it was Friday morning and trying to work it's way back into The Zone.  Quote:
Let's see how the rest of the day goes. |
|
Moderator
United States
189340 Posts |
|
|
Pillar of the Community
United States
1126 Posts |
Quote:
In other news, things do seem to be looking up with silver above $70 again. Yes, work on the $70 floor has resumed. Not too shabby, maybe just needs a little more concrete. Gonna want to give it a few hard bounces up to between $72.50 & $75.00 over the next few days to confirm that it holds. Not easy in the current environment. |
|
Pillar of the Community
United States
1126 Posts |
London's stock market just closed for the day and Silver is still in The Zone. It's all in the U.S. Market's hands now, but with those 2 conflicting news reports that came out today, markets are not quite out of danger yet. |
|
Pillar of the Community
United States
1126 Posts |
Metals continue to be on sale due to extenuating uncontrollable circumstances. Dealer's are underwater. It's a buyer's market. Gold is currently at a 3 month low, from the beginning of the year. All 2026 gains have been erased. Silver is at a 2 month low, from the beginning of February. Edited by Harry213
03/23/2026 12:01 pm
|
|
Moderator
United States
189340 Posts |
It remains interesting. |
|
Pillar of the Community
United States
5862 Posts |
|
|
Moderator
United States
189340 Posts |
Looks like we are ending our day at the $69 mark.  |
|
Bedrock of the Community
United States
10596 Posts |
Not much going on this morning - looks like everything is just hanging around waiting for something to happen......
Gold $4392, Silver $69, and Oil $89
|
|
Moderator
United States
189340 Posts |
Yup.  |
|
Pillar of the Community
United States
1126 Posts |
Oil and U.S Dollar strength aren't backing down this morning, their going back up. Silver was at $70 this morning right before the Dollar suddenly woke up. Gold and Silver are negatively correlated to these moves. Gold has been getting crushed in the face of the U.S. Dollar's strength. One reason Gold hasn't been acting like a safe haven in times of crisis is because the Dollar is the ultimate flight to safety because it is the ultimate debt instrument. So assets all get sold, including Gold, and money goes into the dollar. I made a post back in mid February when I got spooked by my charts showing the Dollar breaking out of it's downtrend and going up. This turned into a comical conversation about charts and chimps, but I digress. The signal was given. About a week later Gold and Silver topped out and started going down and they haven't stopped going down yet. All while the Dollar has been continuing to go up.  |
|
Pillar of the Community
United States
1126 Posts |
Watch for /CL and $DXY to weaken and start to drop, even better if they can fall below support, in order to have any hope for a big rally in Gold and Silver. |
| |
Replies: 2,784 / Views: 88,939 |
First Page
Previous Page
Posted 03/23/2026 10:34 am
