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Bedrock of the Community
 United States
10580 Posts |
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Enjoy the party, overnight crew. Make us proud! I'll try - I'll probably just keep my $9000 I made today in the account instead of buying a chaise lounge.... |
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Bedrock of the Community
United States
10580 Posts |
And always remember: "Despite the optimism, analysts urged caution. The ceasefire remains fragile, with continued attacks reported in Iran, Israel, and Lebanon. "
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Pillar of the Community
United States
1107 Posts |
Unfortunately Oil is back on the rise again tonight folks. Pushing $98 a barrel as of this writing. Futures are slowly sinking in the overnight  Apparently someone in the middle east is not abiding to the conditions of the cease-fire and thus the straight is reportedly closed to ships again.  Sadly everyone could wake up tomorrow to find their accounts are back in the Red again. For the time being. Just to note- the Market's are down by as much as 6% to 7% for Q1 2026, depending on which index you look at or invest in. Today's gains didn't come close to making up for that, so it wasn't really a gain, more like a partial recovery of this year's losses. This fact goes for anyone with an investment or retirement account.  Unless they are some kind of a wizard hotshot trader that never loses, highly unlikely, but even then still maybe broke even for the year.  Hopefully things improve overnight.  |
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Bedrock of the Community
United States
10580 Posts |
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Unfortunately Oil is back on the rise again tonight folks. Pushing $98 a barrel as of this writing. Futures are slowly sinking in the overnight Dude - oil is at $74, .................. Quote:
Today's gains didn't come close to making up for that, Of course not - One day does not make up for 4 weeks..... But as long as you use the market as a money maker and not a life long paycheck then gaining $9000 today was fun........... |
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Bedrock of the Community
United States
10580 Posts |
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Just to note- the Market's are down by as much as 6% to 7% for Q1 2026, True - but they are called "Yearly Gains" for a reason. |
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Pillar of the Community
United States
1107 Posts |
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Dude - oil is at $74, ..................  Dude, where do you get your market data from?  Quote:
True - but they are called "Yearly Gains" for a reason. When does your "Year" begin, mine starts January 1st  |
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Bedrock of the Community
United States
10580 Posts |
Right - Oil is at 89 - you love futures - well there's your futures! I made my $9000 and ran - what did you make ?
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Pillar of the Community
United States
1107 Posts |
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Right - Oil is at 89 - you love futures - well there's your futures! I made my $9000 and ran - what did you make ? LOL  are you okay? You're obviously misinformed, but it makes sense. My question was where you get your market Data from? By the way this is where Oil was on Taco Tuesday  |
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Pillar of the Community
United States
1107 Posts |
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Moderator
United States
189053 Posts |
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Pillar of the Community
United States
1107 Posts |
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Looks like more of the same. Roger that, 10-4, that's affirmative, over... Oil just took a peek above $100 a barrel just briefly a few minutes ago. It definitely wants to go higher triple digits. The concern right now is that the recent pullback in Oil was just a correction and now it's ready to bounce higher with target's already being set for around the $107 and $109 price levels. Not good. The upside is officially capped for Silver and for the rest of the market today... So it's back to sideways chop. Until further notice.. |
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Pillar of the Community
United States
620 Posts |
Some recent points:
1) Gas prices in Columbus Ohio are still averaging $3.97 and Diesel $5.46 (a very important number as Diesel powers the trucking industry that moves nearly all products (except for electric semis which is a growing market btw)
2) there is absolutely no reason for the "markets" to respond positively to the events of the past few days. There is a very tentative "ceasefire," Lebanon is still under attack, Iran still "controls" the strait (a situation btw that wasn't the case before our "excursion"), American standing in the world it at its lowest in many decades, the IMF just released new data projecting international economic conditions of higher prices and slower growth. One should question what is really driving this market narrative.
All of this is a reminder that we are clearly in uncharted and unpredictable territory.
The "paper" silver market is as volatile as the stock market, there is money to be made and money to be lost. The physical bullion market goes along for the ride, the ups and downs and hopefully some profit taking.
But physical silver (and gold) have a different lure for many of us, a collectible, a hedge, an investment, a gift to be left to others. Physical metals and collectibles are far more than a value on a spreadsheet.
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Pillar of the Community
United States
1107 Posts |
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All of this is a reminder that we are clearly in uncharted and unpredictable territory.  Not looking good at all. Even if this Oil fiasco ends right now. There's still a whole big other mess waiting in the wings that the markets will have to face and contend with once the celebration is over... Silver, having more of an industrial use than Gold, will feel the impact of a global economic slowdown as industry and industrial demand (the biggest price driver for silver) is one of the first things that will get hit.. |
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Moderator
United States
189053 Posts |
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The upside is officially capped for Silver and for the rest of the market today... So it's back to sideways chop. Until further notice.. Quote:
All of this is a reminder that we are clearly in uncharted and unpredictable territory. Seems accurate. |
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Pillar of the Community
United States
1107 Posts |
Quote:
If it does then that would mean a retrace back to around $73-$72 and back to $75+ again. Silver made it above $75 and is at $76.32 as of now.... So, now that that stage is complete, let's keep finger's crossed that things go well.  |
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Replies: 2,727 / Views: 87,412 |
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Posted 04/08/2026 10:02 pm
