I guess forget it. It was on Kitco graphs and then I went back to check a minute later and it was back to where it was. Huh, very strange.Why did gold just spike straight up $16 an ounce to $2300. Very odd looking graph. What just happened?
I guess forget it. It was on Kitco graphs and then I went back to check a minute later and it was back to where it was. Huh, very strange.Why did gold just spike straight up $16 an ounce to $2300. Very odd looking graph. What just happened?
David Dubyne from Adapt2030 channel on youtube interviews Andy Schectman. This video is about an hour long and well worth the listen. But specifically at about the 19:00 mark they start talking about gold and how China is hoovering up everything available at well above the "London" price.So recently there was. $40/oz arbitrage trade available between Shanghai gold exchange and NY or London exchange. If this was capitalized on by traders wouldn’t a lot of Comex paper end up going east and US dollars coming back. I’m not a trader, but wouldn’t this force covering for paper contracts by physical deliveries? The side hustle is repatriating dollar assets into the US market.
Now if this is true the FED may seriously plan on keeping interest rates at this higher rate (prettiest horse in the glue factory) to keep other central bank currencies weak. But this inadvertently creates a natural siphon of gold out treasuries in, or other dollar assets. Directly to China and it is accomplished with the arbitrage rate of two months ago at $40/$2000/AU oz or 2%
Waiting for Hong Kong and Shanghai to open up and run with the ball. They have better recievers than the US and London do.Gold & Silver finally positive on the day, AG up 8 to 27.27
AU up 3 to 2302.55
Ooh, now we're down a bit.Gold & Silver finally positive on the day, AG up 8 to 27.27
AU up 3 to 2302.55
Latest info on the Fed. Declaring a $114 Billion loss:
R/T: about 4 minutes.
Quite the move from the lows at 10pm last night!As of this post
Au $2326.00 Spot
Ag $27.42
GSR 84.8/1
It has turned into a physical market now. People are backing up the truck.I am surprised that those in power are allowing PM prices to rise.
Are we getting close to the end of fiat?
Or are they just playing and the prices will drop again?
Clearly, looking at today's action, there is abject fear of going into the weekend being short.It has turned into a physical market now. People are backing up the truck.
Very good analysis by Andrew McGuire on Kinesis Money on YT today.
It is a physical market now. Gld will hit min of $3K by endO'Yr. If BRIICS come out with their new trading platform based on commodities that would be the absolute FLOOR for gld.
If silver closes above $26.22 today the shorts will really take it in the pants. He thinks silver will be in full breakout by endO'Second quarter.
It is all interesting but the BRIICS stuff is around minute 30 and the silver stuff around minute 36. Remove spaces for the link. He says the US will be rolling fiat around in wheel barrels if BRIICS seriously speed up de-dollarization. HE SAYS THE TIME IS COMING WHEN YOU WON'T BE ABLE TO GET AN OZ FOR ANY AMOUNT OF US FIAT.
https://www.youtube. com/watch?v=kkCpzxtFBYg
It has turned into a physical market now. People are backing up the truck.
Very good analysis by Andrew McGuire on Kinesis Money on YT today.
It is a physical market now. Gld will hit min of $3K by endO'Yr. If BRIICS come out with their new trading platform based on commodities that would be the absolute FLOOR for gld.
If silver closes above $26.22 today the shorts will really take it in the pants. He thinks silver will be in full breakout by endO'Second quarter.
It is all interesting but the BRIICS stuff is around minute 30 and the silver stuff around minute 36. Remove spaces for the link. He says the US will be rolling fiat around in wheel barrels if BRIICS seriously speed up de-dollarization. HE SAYS THE TIME IS COMING WHEN YOU WON'T BE ABLE TO GET AN OZ FOR ANY AMOUNT OF US FIAT.
https://www.youtube. com/watch?v=kkCpzxtFBYg
A bit of thread drift here, but the low marriage rate among men is essentially due to decades of feminism and a grossly tilted legal table in the family and divorce courts. The marriage game is not worth the candle and more and more men are starting to understand this.
Obviously I'm not lumping all women into the same category - especially here on TB2K - but by and large progressive women have screwed themselves in the long(er) term. Fewer and fewer men want to marry any of them.
Why on Earth should a man in the US get married? It's all downside risk with very little upside. Most marriages end in divorce and the men usually come out on the short end of the stick, no matter how poorly-behaved the woman was in the union.
If the upcoming economic collapse is even half as bad as I expect it to be, you can expect women to be far more adversely affected than men and I suspect that millions of them will be in dire straits.
Best
Doc
I am surprised that those in power are allowing PM prices to rise.
Are we getting close to the end of fiat?
Or are they just playing and the prices will drop again?
Umm... You mean like reparations?And that tilted table happened due to the centuries of women basically having little to no legal standing if their husband decided to get rid of them in some way.
Neither era was/is good. What it proves is what is sauce for the goose is sauce for the gander and to use some commonsense and realize what goes around comes around, including in gender-bias.
Hopefully men won't have to experience the entire loss of all legal rights and standing to grasp the concept of what women went through for centuries.
Kitco has been doing that a lot, lately. They have been updating their site since they got hacked a couple of months ago.I guess forget it. It was on Kitco graphs and then I went back to check a minute later and it was back to where it was. Huh, very strange.
Ebay and Craigslist come to mind. I've sold 20oz. tubes of silver on Craigslist. I had buyers meet me at my bank branch lobby-cameras everywhere. I alerted the branch manager beforehand about the nature of the coming transaction and she turned a camera towards a coffee table where I was sitting next to, to record it for me.Where can one sell gold outside of local coin shops?
And that would be the long-awaited time in which one ounce of silver buys a house.
It may be.
Or, it may be that after taxes, it'll take 10x as much. (think something like 90% 'capital gains' or some such...)
"Prediction is hard, especially about the future!" - Yogi Berra
I believe that those taxes would be paid by the receiver. And quite possibly not in FRN, but rather in some other medium. Like lead. Delivered at high velocities. Just sayin.
Umm... You mean like reparations?
Being barely more than a 1/2 century old, I had nothing to do with gender or race bias- either real or imagined. Full stop. It gets really old having to explain this concept to everyone, especially to those who aren't now nor ever were victims. Victimhood is a disease.
Nope. The same people that have been controlling the game by pitting black against white, gay against straight, left against right, old against young, fat against skinny, have also done that with men and women. They have used what they could to support women in their fight against MAN. Why? because, just like their fight against the GUNS, those two things are the only things left standing between where we are today, and COMPLETE DOMINATION. Yes, the same people that control the game, are emasculating men for a reason.Not like reparations. The reality is that for centuries ... 100s of years to 1000s of years ... most women had no legal rights at all. What is happening to many men now is no more right than what happened to women for all that time.
However, had men been smart, they would have learned from what was done to women and fixed the system so that all parties are equally protected. For whatever reason they couldn't be bothered and what we have today is a direct result of men's inaction and their failure to learn from history.
I've always mused....and imho....
Women in general had the most power when they was treated like precious metals.
When women took care of the homestead and made it run like a well oiled machine.
From a made up bed to a dinner to die for!
Really they had it made in the 50s and 60s and even 70s. They truly was the real glue that held the stuff together. And real honest men realized their worth. Priceless!
But along came the government and offered them almost fee housing, free phones, EBT, WIC, and free Healthcare. Now men they don't need you, government will take care of them.
Sad and sadder when men become women themselves.
Just musing. And prove me wrong!
Absolute fact. If you look at charts, both are amazingly bullish, with all the indicators showing a blast-off in the near future.View: https://www.youtube.com/watch?v=ravK2tJl-iU
RT 18 min
Rafi Farber has an interesting take with the charting to back up his thesis. He’s claiming that AU and AG haven’t even started to rally yet and that is still future. He is saying that gold and silver are currently benefiting from an overall commodity appreciation which is right in line with other commodities such as copper.
People in general and institutional investors are still looking at them more as commodities than as monetary metals. When the dollar implosion becomes apparent to main street and panic sets in is when the real rally occurs. In other words this is just a warm up.
Yes our old and precious pennies where made of copper and real silver change was just good cents.Even for suppressed silver this ain't a bad move at all in one month going from $22 and change to $27 and change. Over a 20% move in less than a month is pretty impressive for the metals.
View attachment 468930
FTA: I expect higher PM prices in about a monthI expected this as the Israelis' have eased up on the invasion of Rafah. I believe that they will take it in about a month.
There are many other influences on PM prices but I think this is the knee jerk reaction right now.