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Loading ...let’s hope we never have to look back and see $18 again!
I remember selling some silver back in 2011 @ $37 thinking I sold too cheap, now I’m just hoping we get back there.
Nice thing is, I’m no longer hearing or seeing anymore articles for $100 silver “in the next 18 months” – I’m also not hearing anyone other than the broken record Jim Rickards calling for $10K gold.
Seems like there’s no interest. I guess a decade of beatings will do that to a sector.
Somebody came in late and bought heavily in the at the money call options on March corn. Looks like the Chinese announcement is coming soon.
rno
the first closing price of the year. that makes it the ytd record low (so far). wouldn’t it be nice if it stays that way.
(actually, silver won’t close until 5 p.m. east coast time, but it’s holding above $18. even rising a little)
alas, in the last minute the scum drove it down to $17.98260 – disgusting, but not surprising.
I remember just a short time ago (like a couple months) the last hour of pretty much every day sucked.
Not so much today. No crazy upside, but not getting weaker either.
I’ll take it…maybe I’m just getting too optimistic in my old age.
Edit: Netdania – Silver closes at $18.01…..Can’t be!!!
“And whats with the middle East? The ongoing and forever news out of there is getting obnoxiously boring and tedious. Those people over there obviously don’t want to, and can’t be modernized, I guess like the Amish in the USA.”
Well, I sure agree with your sentiments on this statement. We shouldn’t be there, if we need oil, we ought to buy it from Russia. None of it makes sense. It never has.
As far as pensions, sometimes I wonder if it’s all just an illusion. The banksters can print enough to cover whatever is needed, really without consequence. As long as they have the paper markets to keep commodities under control without showing an inflation scare, I really don’t see why money can’t be printed endlessly. Seriously, it’s never going to be repaid, anyone with half a brain knows that. 🙂
Everything is a mirage… 🙂
Around here we have tax absorber pensions far bigger than tax payer pensions, even when the tax payer jobs pay more than the tax absorber jobs. Plus free medical with no supplement ins needed for tax absorbers.
And whats with the middle East? The ongoing and forever news out of there is getting obnoxiously boring and tedious. Those people over there obviously don’t want to, and can’t be modernized, I guess like the Amish in the USA.
Having its’ worst day in a month with the DOW, S&P, and Nasdaq on fire.
That doesn’t smell right.
AAPL’s market cap is $1.3 Trillion – now larger than the entire energy sector.
That doesn’t seem right.
Really sorry I missed the AAPL and Nasdaq train for sure, but won’t be sorry when I miss the inevitable correction ala 2001
part: (Reuters) – South Africa’s Impala Platinum Holdings Ltd (Implats) (IMPJ.J) said on Monday it would buy Canada-based North American Palladium Ltd PDL.TO for about C$1 billion ($751.77 million), marking the miner’s first purchase outside of Africa.
Platinum Palladium related:
SBGL, PLG, IMPUY, ANGPY,
No special reason to pick $1800. Would be fine with me if we get there or above. What is gold really worth? Who knows with the cretins constantly hammering it lower! Let’s hope we get there without the smell of smoke in the air.
Cheers to you!
the scum really don’t want to see silver at, or above eighteen bucks.
BUT
there seem to be forces in the market that don’t want to see it much below seventeen ninety nine, give or take.
send in the picadores.
AXU has sort of stalled a bit for the last week or so.
I figure my upside is $2.80, downside is $2-2.10 – picked it up @ $2.25
Good to see the metals haven’t completely rolled over today despite the USD and SM strength
We’ll see what happens.
Yep. They’re getting us today on the 2nd attempt barring some unforeseen dip buying that arrives later on in the day. Looked like the USD was going to rollover for awhile, but it came back with a vengeance.
Silver is trying to hold $18, but man you’re right about the scum not wanting it there for sure.
This would most likely be a 50% currency reset that would value gold at 3600+. The SHTF move would be your ~$10,000.
Re 2nd attack…this time they have bid the SM and Dollar as well…they really do not want silver over 18..this is getting insane.
When u have mkt genii like Paul Tudor Jones and Ray Dalio watching and getting messed around then serious questions will be asked about the whole Fed/scum game.
Can we keep em’ at bay?
Silverngold $1800 x’s 2 sounds good to me. I’m not sure that would be enough for the SHTF
$10K gold OTOH…. 🙂
I have conflicting charts that show $1800+ x 2 in either 2020 or 2021, or hopefully both for double tops……. but I don’t like the SHTF picture I “see” for achieving it. Anyway, all the best from Silverngold!
Looks like we’ve overcome the first bout of selling. Good to see silver hanging in there. Thought they were going to take us back below $18.
shopping for running shoes…
Silver and the shares. Nothing too dramatic but steady selling.
Let’s see what they got.
Vote Vote
Fingers crossed! Baby needs a new pair of shoes! 🙂
Skeena taking no prisoners.
Yep. They’re buying everything today. Stocks, bonds, pm’s, the USD
We’ll see if anything cracks first.
rockin’ into the new year !! $18 in the rear-view mirror (for the time being, at least) !!
Looking at the explosion in open interest and the failure to keep the gold price suppressed I’m coming to the conclusion that the gold suppression scheme is in the process of failing and that the bullion banks are going to face big losses…-Alasdair Macleod