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 Replies: 2,791 / Views: 89,448 |
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Bedrock of the Community
United States
11899 Posts |
Lost $80 in the comex. Seeing $79.95. Trying to hang on to 80.
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
10601 Posts |
Quote:
Trying to hang on to 80. Rotsa Ruck.............. Now it's trying to hang on to $79 |
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Pillar of the Community
United States
1127 Posts |
Heavy selling in the overnight. The gangster banksters are possibly working overtime, burning the midnight oil, to try and crush silver. Looks like they're completely erasing todays gains.
If anyone ever wonders why silver traded in a channel for what felt like decades, almost never breaking above the high 20's without getting smacked down, here you have it.
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Moderator
United States
189603 Posts |
Little bit of a smack down, but not to the floor. $77.27 now. Low is $76.88 and high is $82.80.  |
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Pillar of the Community
Canada
2019 Posts |
Buy on the way up and on the way down. Even if its a little bit, all adds up.
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Bedrock of the Community
United States
36845 Posts |
Another failed smack down. Who would have thought $77 would be the price after a smack down?
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Moderator
United States
189603 Posts |
Honestly, I figured the smackdown would press to break below $70, but only hit $75. The $76.31 low failed to meet my expectations.  Now: $78.39. |
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Pillar of the Community
 United States
5192 Posts |
People are predicting a silver meltdown starting tomorrow...
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Pillar of the Community
United States
1127 Posts |
Best way to describe what happened today and the last 6 months:...
....Every smack down just turns into another buying opportunity.
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Pillar of the Community
Canada
5404 Posts |
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Pillar of the Community
United States
1127 Posts |
Quote:
People are predicting a silver meltdown starting tomorrow News is the BCOM Bloomberg Commodity index has to sell 7 billion in paper silver and 7 billion in paper gold starting Thursday night after the close. So we'll see the move Friday day. Reason for sale: Rebalancing. The BCOM's silver and gold paper positions have appreciated so much that it's outsized there other positions (AKA overweight). How will it play out? Dip or crash? Will 70 hold? Will it get absorbed and rebound? There are a lot of factors that will determine the outcome. Not the least of which is the fact that this is a sale of paper derivatives, contracts, etc., and not actual bullion. |
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Bedrock of the Community
United States
10601 Posts |
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Pillar of the Community
Canada
5404 Posts |
Under 75 1/2 as of 345 pst
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Moderator
United States
189603 Posts |
Sitting at $74.24 Low is $73.85 and high is $79.03 The $70 floor will bend, but not break. |
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Bedrock of the Community
United States
36845 Posts |
Coming back up, just like a spring.
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Replies: 2,791 / Views: 89,448 |
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Posted 01/07/2026 01:06 am
