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Is Silver Ready To Hit $50 - 1/29/2026: Will It Hit $130? - Previous Milestones In First Post

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jbuck's Avatar
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193805 Posts
 Posted Today  2H 45M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Nope, I see it now. Maybe I read a comment yesterday from someone who heard a rumour.

Regardless, I call shenanigans.
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Harry213's Avatar
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1265 Posts
 Posted Today  2H 40M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
And, one minute later, it suddenly dips to $69 and sinking fast. Whaaa?

That sudden huge Green spike in the US Dollar followed by the big Red dip in Silver and Gold.

In case anyone is still wondering how strong the correlation between the Dollar and the metals is right now.


Is-Silver-Ready-To-Hit-$50---1/29/2026:-Will-It-Hit-$130?---Previous-Milestones-In-First-Post
Is-Silver-Ready-To-Hit-$50---1/29/2026:-Will-It-Hit-$130?---Previous-Milestones-In-First-Post
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jbuck's Avatar
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 Posted Today  2H 39M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
That sudden huge Green spike in the US Dollar followed by the big Red dip in Silver and Gold. In case anyone is still wondering how strong the correlation between the Dollar and the metals is right now.
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barryg's Avatar
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5960 Posts
 Posted Today  2H 24M ago  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Looks like it is bouncing back a bit. Up to $69.38 right now.
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Harry213's Avatar
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 Posted Today  1H 59M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply

Quote:
From CNN: "Fed Chairman Kevin Warsh stays quiet on interest rates but calls inflation 'concerning'."

Uh Oh

Yeah that would explain the Markets reaction.

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jbuck's Avatar
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 Posted Today  1H 42M ago  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Looks like it is bouncing back a bit. Up to $69.38 right now.
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barryg's Avatar
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 Posted Today  44M ago  Show Profile   Bookmark this reply Add barryg to your friends list Get a Link to this Reply
So much for the bounce. Another drop, this time all the way to $67. I'm starting to get nauseated again...
Edited by barryg
Today 44M ago
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barryg's Avatar
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Harry213's Avatar
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 Posted Today  37M ago  Show Profile   Bookmark this reply Add Harry213 to your friends list Get a Link to this Reply
It's just after 12 noon on Wall Street and the Dollar is still on a tear, ripping higher. Right now it's almost back to where it was before the Treasury announced the buy backs in bonds.

The entire markets got tossed around like a bucking bronco because of how Warsh is being interpreted by the market.

Remember Gold is the leader, Silver is the follower. This morning Gold didn't get as nice of a bump up as Silver did. Gold started selling off early. Expect that Gold will see a pull back to $4500-$4400 range for support. While Silver has $66 as the next area of support. Silver has so far whipsawed through this entire weeks range, from $71.16 to $66.72

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