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 Replies: 2,843 / Views: 92,927 |
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Pillar of the Community
 Canada
5405 Posts |
I got railed earlier on in this thread for being doom and gloom .
Have been in the coin business for almost five decades , the
dive over the cliff was absolutely staring everyone in the face!
Precious metals are a mugs game long run.
The small guy and stackers always get crushed!
1980 , 2011, now 2026.
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Valued Member
United States
81 Posts |
Precious metals is also a world market. While the US largely paper price (e.g., derivatives) is $83 right now, the spot price in Shanghai (physical metal) is still $122 ($39 higher). Either all silver flows to China, or this has to equalize. The open question is whether there is a real deficit in silver, and if the answer is YES there is, then after equalizing, the price will likely continue upwards. If the answer is NO, then it could continue downwards. I believe there is a deficit, but this has to be borne out through price discovery (e.g., alternatives can replace silver, etc.). I think this is the first time in recent history (say 50-60 years at least if not much more) where real price discovery has been operational in the precious metals markets. I hope it continues.
Edited by JohnQPublic
01/30/2026 2:21 pm
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Pillar of the Community
United States
2874 Posts |
All I know is that if we see a $6X.XX handle in the next few days, I'm all in. The conspiracy theorist in me believes.... prior to Trumps appointee announcement, everybody in "the know" dumped their precious metal positions, knowing that Warsh is perceived as being Hawkish. The job of the Fed is to examine economic data and determine the course of interest rates. The market is still anticipating another -.75% cuts before then end of '26, which will be on par w/ '25. Trump didn't appoint this guy to go against his wishes. The only thing that has changed, is everyone "perception" of Warsh and the stance of the Fed.
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Pillar of the Community
 United States
5192 Posts |
Who the FED president will be means nothing. The only thing that matters is how to deal with the trillions of dollars in federal debt: default or (hyper-)inflate it away. I believe the powers that be will choose the latter.
Silver and gold therefore will continue to rise until the debt issue has been dealt with.
Edited by NumisEd
01/30/2026 2:32 pm
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Bedrock of the Community
United States
11923 Posts |
I took the 25%+ discount and bought PSLV. Hope I'm not catching a falling knife.  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
5881 Posts |
Little bit of a bounce back up to $85 or so. Don't know if it's just a dead cat bounce or whether prices will continue to rise. Whatever the case, I hope it's not just a lull before the storm...
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Valued Member
United States
81 Posts |
Quote:
took the 25%+ discount and bought PSLV I took advantage and bought a roll of Baber halves! |
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Valued Member
United States
81 Posts |
Warsh is known to be hawkish, but he does not control China. He will do something about the dollar, not sure what, but I think precious metals prices are no longer controlled by the USA, so he is going to have to work around that. He could work with Trump to work with China, and try and manage this, but that will take some time, and will come with a much larger trade agreement with China.
Edited by JohnQPublic
01/30/2026 2:46 pm
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Pillar of the Community
United States
2874 Posts |
I believe Warsh will end up being Dovish.
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Pillar of the Community
United States
5881 Posts |
Well, if the current trend continues, we'll see gold close out the week back at $5000 and silver back at $90. And I'll be perfectly happy with those numbers, to be honest. Yes, we just saw a huge crash, but then again we also just saw a ridiculously rapid rise, so it's not like things are crashing back down to where they were a year ago.
Now, let's just hope I didn't jinx everything.
Edited by barryg
01/30/2026 3:01 pm
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Pillar of the Community
United States
5881 Posts |
Yep, looks like I jinxed it! It hasn't crashed back down, but everything stopped rising the minute I posted that,
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Pillar of the Community
United States
1210 Posts |
Got in on a new customer deal at a major bullion site when it was at $76/oz. Small pickup since I could only get 4oz. I felt comfortable buying again under $80.
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Valued Member
United States
81 Posts |
Quote:
Well, if the current trend continues, we'll see gold close out the week back at $5000 and silver back at $90 I am thinking next week this could happen. Things are extremely volatile right now, so it is hard to predict anything. |
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Bedrock of the Community
United States
36906 Posts |
This will be good for retail dealers. There should be plenty of buyers that were waiting for a pull back. Banksters won this battle but will lose the war. Silver supplies on the global market are still low. HOLD!
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Pillar of the Community
United States
3347 Posts |
Like Pacificoin, it's interesting watching people who have never seen this before. We think everyone remembers the Hunt bros escapade. This time its happening on the scale of sovereign nations. One way or another Poland will get their 150T this year. They'll game the commodity markets as much as possible to shake out the metal then swoop in and buy it all. They have a couple hundred billion euros to do it with. https://www.mining.com/web/polish-c...ons-of-gold/"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Replies: 2,843 / Views: 92,927 |
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Posted 01/30/2026 2:19 pm
