| Author |
 Replies: 2,695 / Views: 86,318 |
|
|
|
Pillar of the Community
 United States
5855 Posts |
Quote:
You need to change the title of the thread-from hit $50 to hit $60. Yeah, I thought of that actually. Too late now, though! And silver is just a cent or two under $59 as I type this. Can't wait to see what the morning brings! |
|
Bedrock of the Community
 United States
25270 Posts |
Quote:
You need to change the title of the thread-from hit $50 to hit $60. How about $75 so we get a month to talk about it? Inordinately fascinated by bits of metal with strange markings and figures
|
|
Pillar of the Community
United States
2473 Posts |
Quote:
Can't wait to see what the morning brings morning brought a slam, just after midnight. both metals. big surprise. the fed cockroaches poured $25B of 'liquidity' into the banking system over the weekend. "overnight repo". same thing they did around halloween. funny how we never see big slams upward, always down. silver was just below $59 at midnight. it was knocked down a full dollar or more, but it'll rebound. |
|
Bedrock of the Community
United States
36746 Posts |
It will be up and down all month as they try to fill all the deliveries due on COMEX. There are some bankers with wet pants right now.
|
|
Moderator
United States
188660 Posts |
$59.13!  I will fix the title.  |
|
Moderator
United States
188660 Posts |
Dang, dropped like brick. Well, relative brick. Back to $58.30.  |
|
Pillar of the Community
Canada
5241 Posts |
Possibly, as @Hondo Boguss has suggested, there may be more title changes as time goes by. It is quite an interesting show we have here. I'm glad that I didn't sell short.
|
|
Moderator
United States
188660 Posts |
Down below $58 again.  |
|
Pillar of the Community
United States
757 Posts |
$58.44
Is $58 the new floor ?
|
|
Bedrock of the Community
United States
36746 Posts |
Not sure, but I doubt we will ever see it below $50 again.
|
|
Moderator
United States
188660 Posts |
Quote:
I doubt we will ever see it below $50 again. I have to agree with that. |
|
Pillar of the Community
United States
2602 Posts |
Meanwhile, in the for sale section, we have a member selling multiple lots of silver at 48/oz. I personally think 50 is the floor (support) because of the double bounce off of 50 and it is now a new psychological barrier. Once silver touches 60-61, I think it will crawl back to mid 50s rather quickly and then do a wait and see, trading sideways for a bit.
|
|
Pillar of the Community
United States
2473 Posts |
silver has been stomped down all day. gold, too. this is frustrating beyond words.
silver... we all know what silver should be doing, what it's supposed to be doing by now, but these near-daily stomps & slams makes it very difficult to prognosticate. the best we can do is... hold steady. a part of me really wants to vent, but this isn't the place for that. the other part of me wants to say,
"silver, when it finally turns loose, is gonna rocket through the $60-range quickly",
but the manipulations aren't just difficult to get past, they are infuriating, for many reasons. silver should be well past the $100-mark by now.
hurry up and break, you stupid, junk paper system!!
Edited by MrPink2018
12/03/2025 5:15 pm
|
|
Moderator
United States
188660 Posts |
I would not say that. Yes, it was zig-zaggy this morning, but it has been sticking close the $58 line for most of they afternoon.  |
|
Pillar of the Community
United States
2473 Posts |
on december 3rd the treasury repurchased $12.5B in distressed treasury bonds. I wonder what time of the day that happened.
so, that's a pair of emergency interventions in the span of a few days.
at just after midnight december 4-- two hours ago as I post this-- silver dumped another dollar. gold took a hit, too. both are trying to rebound.
silver is going to achieve $60, probably very soon. there's a lot of pressure building and things are starting to break.
|
| |
Replies: 2,695 / Views: 86,318 |
First Page
Previous Page
Posted 12/02/2025 9:58 pm
