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Moderator
 United States
189340 Posts |
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I wonder who said or did something stupid this time? Fed held the rate, it was announced at 2PM. Markets were expecting the new guy to obey his master and lower it. He did not. Which is fine. I am going shopping for some bargains.  |
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Pillar of the Community
United States
1126 Posts |
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There could be a big sell off today, or not, but either way the Market's usually experiences a big whipsaw move during and after the meeting. Buckle up. Welp, can't say I didn't warn everybody this morning.  Not good, and probably continues into tomorrow morning. |
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Moderator
United States
189340 Posts |
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Welp, can't say I didn't warn everybody this morning.  Quote:
Not good, and probably continues into tomorrow morning. That is my assumption as well.  |
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Moderator
United States
189340 Posts |
Silver has slipped into the ~$66 zone now.  |
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Moderator
United States
189340 Posts |
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Pillar of the Community
United States
1126 Posts |
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What happens next week will be critical not just for metals but for the entire stock market.
The 2 outcomes I see happening after next week and the factors that will decide it in my opinion are these.
1- Market's go Sideways until the midterms if- The war ends (for real this time) and the markets believe inflation will drop (because Oil goes back down) AND the Feds leave rates unchanged.
2- Market's go Down if - the war continues with no end in sight (higher oil, higher inflation) AND the Feds raise rates. My prediction if we ended up with option 1 is that Silver and Markets go sideways until November. Thank goodness we didn't get option 2, that would have undoubtedly crashed the markets IMHO. Option 3 would have been the "To The Moon" $90+ Silver scenario, had they cut interest rates along with a weaker Dollar... But there wasn't any chance of that happening thanks to the incredibly dumb idea to start a war, strengthen the Dollar, raise fuel prices, and cause inflation to reach a 3 year high.  At least all of the News events that were causing all the volatility are behind us. Outside of some unforseen event, there's nothing left to move the metals except the economy and the upcoming elections this fall. Market's should get pretty boring for a change. |
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Moderator
United States
189340 Posts |
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Market's should get pretty boring for a change. I can live with that. Indices are green, metals are red. Lets see where we are later today. |
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Pillar of the Community
United States
1126 Posts |
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Indices are green, metals are red. Lets see where we are later today. The U.S. Stock market is closed tomorrow Friday for the Juneteenth holiday. The COMEX exchange will be trading on a modified schedule, closing at 1pm EST. I'm hoping for a little action today since it's the last trading day until Monday, but I think we'll find some equilibrium and close somewhere near the middle. |
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Moderator
United States
189340 Posts |
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I think we'll find some equilibrium and close somewhere near the middle. I hope so. A long weekend is a long time to wait for change. |
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Moderator
United States
189340 Posts |
Looks like the day ended comfortably in the ~$65 zone. I do not see it going any lower overnight or in the brief session tomorrow. |
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Moderator
United States
189340 Posts |
So now we are living in the ~$64 zone.  So much for my absolute range.  |
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Pillar of the Community
United States
1126 Posts |
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So now we are living in the ~$64 zone. Silver bounced off of $63.35 overnight. Great weekend to browse some coin shows and ebay auctions for some deals before it goes back up on Monday. |
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Pillar of the Community
United States
6606 Posts |
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before it goes back up on Monday.  |
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Moderator
United States
189340 Posts |
Quote:Great weekend to browse some coin shows and ebay auctions for some deals before it goes back up on Monday. |
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Pillar of the Community
United States
1126 Posts |
The Straight of Hormuz is closed again.. You could kind of throw away Friday's price action to some extent. The weekend News has upended the fragile cease-fire that the markets were happy about last week.  Future's opened slightly Lower Sunday night. Oil is slightly higher, the Dollar is firmer. Gold is still pressured. |
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Replies: 2,784 / Views: 88,704 |
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Posted 06/17/2026 4:04 pm
