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 Replies: 2,784 / Views: 88,768 |
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Bedrock of the Community
United States
11898 Posts |
There's also the angle of exploding U.S. debt issuance while we are set up for interest rate reductions in 2026. This feels more like the beginning of the inflationary period in 1970 than the blow off top in inflation in 1980.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
36841 Posts |
Latest smack down brought to you by The Federal Reserve. Emergency meeting between the Fed and big bankers Sunday afternoon. Bankers got $34 Billion more pulled from the Fed Repo market to go along with the $17 billion they got Friday. They needed to cover their positions and prevent a bank melt down. They won this battle for now but the war has a ways to go. Don't panic, Silver and Gold will be the winners!
This week will still be rough for them. They still need physical and it isn't there. China shuts off all silver exports Wednesday night. Mexico is also going to shut off Silver exports. Hang on to your silver, this is going to be a wild ride!!!
Shanghai silver prices still in the $80's. COMEX and LBMA are in deep trouble.
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Bedrock of the Community
 United States
10595 Posts |
I'll be darn - silver down under 72$
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Moderator
United States
189340 Posts |
Expected, right? It is just testing the floor.  |
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Bedrock of the Community
United States
11898 Posts |
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Mexico is also going to shut off Silver exports. Had to ask AI: "No, Mexico isn't officially "shutting off" silver exports, but recent policy shifts, like President Sheinbaum halting new mining concessions, combined with massive industrial demand (solar panels, EVs) and ongoing supply deficits, are creating major market tension, causing investors to hoard physical silver, anticipating future restrictions or supply squeezes, making it seem like exports are tightening." Any verified news that Mexico is shutting off exports? It seems like the U.S. can and is always successful in pressuring Mexico to do what is in the interest of the U.S. and against the interests of China. Mexico, the largest silver producer in the world will likely cave to whatever the U.S. wants in exchange for trade concessions. One of the few levers they have against us to get what they want/need. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Bedrock of the Community
United States
11898 Posts |
Both platinum and palladium end the day down 15%. More volatile on the way up and also on the way down. Gold looks downright steady compared to the other metals down about 4.5%.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
2477 Posts |
by the way, did anyone see this? I think this is a first and I'm not sure why I received this, I guess I must have opted into-- or just failed to opt out of-- some mailings from APMEX. this was in an email from them a day or two ago, I forget exactly when: Quote:
"Silver Rallies, Then Reverses Sharply
Precious metal prices soared over the past week during sessions marked by thin liquidity amid global holiday closures. China led a powerful rally in physical silver over Christmas, and Western futures markets were forced to catch up when trading resumed on Friday. In early trading Monday, the rally continued, with silver surging to a new high of $84.03 before quickly reversing.
Shortly after breaching this new level, intense selling pressure drove prices down more than 8% as short covering into illiquid conditions and forced liquidation from margin calls appeared to subside.
Market watchers are closely tracking one of the largest intraday swings in silver's history following Friday's dramatic repricing. Silver bulls are using this pullback as an opportunity to buy the dip, while silver bears are locking in profits after the parabolic move." |
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Bedrock of the Community
United States
10595 Posts |
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Silver bulls are using this pullback as an opportunity to buy the dip, That will be a fine strategy as long as the "DIP" doesn't keep "DIPPING"!  |
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Bedrock of the Community
United States
10595 Posts |
Looks like Gold and Silver are inching their way back up over night...........(so far).
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Pillar of the Community
 United States
5862 Posts |
Silver's back above $75 in overnight trading. Let's see what today brings...
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Moderator
United States
189340 Posts |
$76.40 with a high of $76.57.  |
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Bedrock of the Community
United States
25460 Posts |
Recovery mode, I suppose.
Inordinately fascinated by bits of metal with strange markings and figures
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Moderator
United States
189340 Posts |
Settling in and preparing for the next rally.  |
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Pillar of the Community
United States
5862 Posts |
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Pillar of the Community
United States
1776 Posts |
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Why do people believe that industry would pay double or triple the price for silver? I doubt that expectation is reality based.
Question that should be asked was where is industrial use of silver irreplaceable with some cheaper material? What fraction of the total use is irreplaceable? Because their cost of silver is the cost of doing business. If there is $10 of silver it is not a big deal if it gets doubled. If a car has $100 current price, paying $200 or $250 does not matter if that is what it takes to sell the car. Industrial users are for the most part price elastic. There is a price at some point that would require different materials, but it is not a flip the switch to on that makes it happen. |
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Replies: 2,784 / Views: 88,768 |
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Posted 12/29/2025 2:22 pm
