Getting pretty close to that 50/1 ratio I mentioned. Then What? Maybe a pullback in silver?? What happened to that possible $600 silver AI Guy mentioned? Or his pullback all the way to $28 silver to get you to sell your silver phyz NOW and buy it back at his bottom????????? I’ll just keep stacking! SNG
SLV – 2nd all-time highest volume day ever
Don’t know what that means but everything feels a little heavy here to me. Sort of running out of upside momentum.
SLV has a gap down in the $73-$74 area that could get filled, which could bring us back to $82-$83. I don’t know if it will, but that’s my T/A for the day.
Maddog – yeah, bonkers is a better explanation. They continue to stink up the joint for the most part. We have earnings coming out in a couple of weeks I think, and we also have a Fed meeting around the same time. Hopefully that will be a catalyst for these things to really get going. Seems like the metals would have to fall quite a bit for the shares to be fairly valued at this point. 800 HUI is a nice fat round number that they’ll probably defend.
hi treefrog
Hopefully, the boys will work on pushing it up tonight. They are good at that recently
There’s a good chance that Bitcoin
is the passport to anywhere. Easy to move wealth around the world. For both the common folk and the elite. But if you can’t see it, the sword cuts in both directions. It is much easier to move millions to and fro- on some dumb jump drive. Seems too easy compared to moving phiz. Need to go in a hurry? BTC makes it easy. But If there's a 50% haircut coming and we can buy it in the upper 50's I'd feel much better. It seems like the perfect tool for criminals to jump into and get caught.
Apparently Venezuela might have 600,000 BTC.
What if the passwords have been lost? A friend died without anyone knowing the combo for his safe. Actually, we didn’t even know there was a safe to begin with, but we knew there was some precious somewhere. At least when we found it we could drill it out. Taking a jackhammer to a wallet probably doesn’t work as well. You can see the issue – is there any BTC, how much should there be, where is the BTC, and who has the key. BTC transcends borders; useful for a dictator who might need to flee (even if he leaves it too late).
silver…
getting whacked for two bucks in less than an hour really sux, but it’s still up a couple bucks on the day.
four steps forward, two steps back.
(and looks like climbing back) 🙂
The specs return to Comex gold …
… some 17.5k contracts were added to April Gold yesterday and they are coming out already … taking silver with it.
Metals Daily Exchange Volume & Open Interest – CME Group
Apparently, there are still a bunch of fools out there.
Buy the physical you idiots.
Buygold
Re shares especially Ag ones….wierd is not the right word, far too mild….the action is plum bonkers…..
Japan yields following silver.
Up 50% since August on the 10s – but the Yen is down 10% since then. Carry trade alive and well.
Weird action in the shares
All over the map. Some of the large cap golds are doing OK, while some of the silvers are scraping the bottom and barely up. AG and HL barely moving with silver up $3? They had great days yesterday but today are acting like silver is going to rollover.
Everything sold off with the SM a couple of hours ago, then the gold’s bounced back with the QQQ’s, but not some of the small caps and silvers.
Last week we had solid days Mon. and Tues. then got crushed Wednesday. They going to pull that again this week?
Our Gen alpha grandkids don’t have devices.
Their Gen Z parents (along with some others) are trying to persuade the school not to require everyone to have tablets in grade 2. Anticipating failure they already have the lock box for the tablets for when they get home. No mobile phone until 14. Or maybe 16. We weren’t so strict, and one of the best moments was when the boys had given up CoD, Halo, Fortnite etc and only played online chess and FIFA.
If kids can’t read by the time they’re six or seven, it’s the parents fault (desperately hoping eegk can read!).
Yea get well Maddog
Get back to the basics- and take care of yourself.
I have gen Z kids and it’s super tough
so many distractions! My oldest is jamming, my youngest flailing in the wind. Really my youngest is Gen alpha. Smart phone kids
These are college students! Soon we will be a Dumbocracy.
Gen Z students are struggling to read and comprehend a sentence, one Pepperdine University professor recently said.
“It’s not even an inability to critically think,” Humanities Professor Jessica Hooten Wilson told Fortune. “It’s an inability to read sentences.”
“I feel like I am tap dancing and having to read things aloud because there’s no way that anyone read it the night before,” the professor said.
Wilson also said that even when she reads passages in class with the students, “there’s so much they can’t process about the very words that are on the page.”
Gen Z students unable to read sentence, Pepperdine professor says
Maddog
Been there, no fun whatsoever. Speedy recovery!
Hi Ipsofacto
When I go off the forum page to post or do something else. I see it at the top left……it may be of..I have asked the hosts to check it all…..tks
Full of the damn cold/flu at mom…feel shiite.
No One Ever Went Broke Taking Profits
So you sell a little here and there, might as well recoup part of your intial investment and ride on house $$$$$$$$$$$
$47K Mint boxes of Silver Eagles
at CO Gold this morning
Dey can’t sell dem PM stocks fast enough …
…. cuz dey’re gonna crash you know … don’t tink about the record earnings dat will be reported in just a few days … or the capx spending dat will be a must soon … no … don’t tink about dat you dink … it’s gonna all crash soon don’t you know.
Chuckle … gaffaw … wheeze … spit
Still more sellers than buyers here
it looks like they’ve recently taken in some 100 oz. bars as well. They are paying under spot for everything so they must have a fair amount of inventory.
Weird to me. Wondering when the craziness is going to hit the smaller dealers?
800 HUI gone….
$4600 gone…
$89 on deck?
This is better than the Dot Com days.
multiple choice question:
silver prices are rising. by definition, that means there are more buyers than sellers. who are the buyers?
a) retail hoarders/speculators (that’s us!)
b) industrial users
c) shorts trying to exit
d) sovereign wealth funds
e) other
f) all of the above
au/ag ratio
52.47
…the beat goes on.
