Prices Of Pms Moving Nicely

I have never though as gold been considered an equal, WHEN it rises at the same time as the dollar Hock, but that does make sense and perhaps that trend is slowly trickling into the system.....

nice to see gold back across $1750 this morn an silver just over $34, but it seems like we were here a couple of weeks back and never could get over that $34.50 hump, or $1775. Again, like the term or not, once we cross $35 per oz., and $1800 I start think new basement levels, for the time being of course as nothing is permanent in this world, esp when talking about those value lines....

I was hoping to go buy some today but I always hate to buy at what might be the top of the market for the next few weeks. I did buy silver @ $34 a couple weeks ago because I thought if it heads towards $40 I would be kicking myself for not buying then.

Yes, both gold and silver have made some nice moves lately, especially today. The physical platinum fund (PPLT) that I bought a few months ago is looking good too.

Only question now is, "When will the CME and the bullion banks start thrashing on paper gold and silver to drive PM prices down?". That seems to be a recurring pattern of behavior. Could it be that Eric Sprott has influenced the market in a positive way yet again? Perhaps. A few of the larger silver producers seem to have taken his message to heart about holding part of their production as a store of wealth rather than selling it at reduced prices and banking the money.

Speaking of CME... I am wondering why there is no PM cartel. That seems to have worked for keeping the prices of oil and diamonds high, so why not PMs? Maybe it should be the producers of gold and silver who establish prices and not those paper-shuffling folks at the CME? Wouldn't that be a death-blow for all these paper shenanigans?

I say let the Commodity Futures Trading Commission go ahead and raise margin requirements on futures traders. That'll only make the decoupling between the digital and physical markets more apparent. And the "premiums" at which physical trades will continue to rise.

Gold has broken overhead resistance around 1750. The question is whether it can stay above that point.

Doesn't anybody else want it to stay low? I'm still a buyer!

very comforting indeed! even though it's all psychological unless I sell (reverse is true when there's a drop in prices)

Poboxw,psychological or not,it keeps the wife happy knowing we are not "losing money",and if mama's happy,life is good!