@MsMorrisine said:
I'm not sure why silver is so happy the past two days.
maybe playing catch up ?
Haven't been watching the price much recently... but you are right! Up 2% today... looking a $16 per ounce. But of coarse it can go back down just as fast...
Any special news on why metals are doing better? I have seen some articles regarding some empty shelves starting to show up in supermarkets... perhaps due to combination of farming/flooding issues and trucking businesses closing up; so perhaps there is some anticipation of inflation?
@tincup said:
Any special news on why metals are doing better? I have seen some articles regarding some empty shelves starting to show up in supermarkets...
@MsMorrisine said:
I'm not sure why silver is so happy the past two days.
maybe playing catch up ?
Haven't been watching the price much recently... but you are right! Up 2% today... looking a $16 per ounce. But of coarse it can go back down just as fast...
A rising tide floats all boats I think applies here. Of course the opposite can occur. I'm sticking with gold for now. Stack on.
@tincup said:
Any special news on why metals are doing better? I have seen some articles regarding some empty shelves starting to show up in supermarkets...
Where have you seen such articles?
Interesting... I've done a search to relocate... and the references are now gone. A couple of hits that remained had a message similar to 'invalid link'. It was just this morning where the article came up (I think originally it was on ZeroHedge, which I know does not always meet your seal of approval); but now only things I can find are broken links and youtube video showing the sign from 3 days ago. Appears these may have been taken down, for whatever reason; not putting on my tinfoil hat but will say it was not my imagination.
The Walmart signs said " PRODUCT SHORTAGE due to limited availability we are experiencing product shortages across this category. We are working closely with our suppliers to get these items back as quickly as possible. EFFECTIVE DATES July 2 - August 9th".
There were quite a few comments with the article; multiple type items were effected but the major one was the canned vegetables. Other comments indicated other stores were showing similar lower quantities, etc.
I suspect main culprit may be the trucking issues going on. But it is odd where I can no longer find much on line about this.
BTW... the link I posted above is the actual article... but nearly all of the links referenced in the article are now gone, as well as the photos. The one photo that impressed me was of southeast Nebraska.... showing an overhead view of what it looked like in 2018... beautiful, productive growing crops and very green.... and a photo next to it showing what the same area looks like now... all brown, little no crops, destroyed crop land due to flooding. (Being in Nebraska, I can attest that flooding is still ongoing along the Missouri, with roads closed due to damage).
@tincup said:
BTW... the link I posted above is the actual article... but nearly all of the links referenced in the article are now gone, as well as the photos. The one photo that impressed me was of southeast Nebraska.... showing an overhead view of what it looked like in 2018... beautiful, productive growing crops and very green.... and a photo next to it showing what the same area looks like now... all brown, little no crops, destroyed crop land due to flooding. (Being in Nebraska, I can attest that flooding is still ongoing along the Missouri, with roads closed due to damage).
Even with the cropland not producing nearly the same bushels this year, we are far from a shortage. If we were in a shortage crop prices would be on the rise, they are doing the opposite. Due to technology in the field we have been able to produce such a stockpile of grain it would take years of poor crops to see a shortage and rise in crop prices. Of the acres I own about 15% went unplanted this year due to heavy rains. These acres were also went untilled over winter due to a late fall and early snow fall, which left the ground saturated, perfect storm really.
@tincup said:
Any special news on why metals are doing better? I have seen some articles regarding some empty shelves starting to show up in supermarkets...
Where have you seen such articles?
I recently saw one over at tinfoil hat dot com. No shortages to report up here in gods country. The crops are flourishing.
Lansing, MI isn't in the same section of farm country as Nebraska, Iowa, Missouri, Illinois, Indiana. A Walmart shortage isn't the same as a couple of grocery stores in Michigan short on stock because of getting hacked.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Lansing, MI isn't in the same section of farm country as Nebraska, Iowa, Missouri, Illinois, Indiana. A Walmart shortage isn't the same as a couple of grocery stores in Michigan short on stock because of getting hacked.
Sounds exactly like the kind of story that would/could/will be twisted. We know we all love alternative facts. Lol
Gold and silver continuing their upward run....still have not seen a good reason for this... There are people somewhere that know something....Cheers, RickO
@ricko said:
Gold and silver continuing their upward run....still have not seen a good reason for this... There are people somewhere that know something....Cheers, RickO
topstuf
Posts: 14,803 ✭✭✭✭✭
Comments
I'm not sure why silver is so happy the past two days.
maybe playing catch up ?
can't complain, gold is on a tear
Haven't been watching the price much recently... but you are right! Up 2% today... looking a $16 per ounce. But of coarse it can go back down just as fast...
Any special news on why metals are doing better? I have seen some articles regarding some empty shelves starting to show up in supermarkets... perhaps due to combination of farming/flooding issues and trucking businesses closing up; so perhaps there is some anticipation of inflation?
Where have you seen such articles?
Knowledge is the enemy of fear
A rising tide floats all boats I think applies here. Of course the opposite can occur. I'm sticking with gold for now. Stack on.
Interesting... I've done a search to relocate... and the references are now gone. A couple of hits that remained had a message similar to 'invalid link'. It was just this morning where the article came up (I think originally it was on ZeroHedge, which I know does not always meet your seal of approval); but now only things I can find are broken links and youtube video showing the sign from 3 days ago. Appears these may have been taken down, for whatever reason; not putting on my tinfoil hat but will say it was not my imagination.
The Walmart signs said " PRODUCT SHORTAGE due to limited availability we are experiencing product shortages across this category. We are working closely with our suppliers to get these items back as quickly as possible. EFFECTIVE DATES July 2 - August 9th".
There were quite a few comments with the article; multiple type items were effected but the major one was the canned vegetables. Other comments indicated other stores were showing similar lower quantities, etc.
I suspect main culprit may be the trucking issues going on. But it is odd where I can no longer find much on line about this.
Here we go:
https://www.investmentwatchblog.com/due-to-a-poor-harvest-season-we-are-experiencing-shortages-on-many-of-our-canned-vegetable-items/
BTW... the link I posted above is the actual article... but nearly all of the links referenced in the article are now gone, as well as the photos. The one photo that impressed me was of southeast Nebraska.... showing an overhead view of what it looked like in 2018... beautiful, productive growing crops and very green.... and a photo next to it showing what the same area looks like now... all brown, little no crops, destroyed crop land due to flooding. (Being in Nebraska, I can attest that flooding is still ongoing along the Missouri, with roads closed due to damage).
Even with the cropland not producing nearly the same bushels this year, we are far from a shortage. If we were in a shortage crop prices would be on the rise, they are doing the opposite. Due to technology in the field we have been able to produce such a stockpile of grain it would take years of poor crops to see a shortage and rise in crop prices. Of the acres I own about 15% went unplanted this year due to heavy rains. These acres were also went untilled over winter due to a late fall and early snow fall, which left the ground saturated, perfect storm really.
I recently saw one over at tinfoil hat dot com. No shortages to report up here in gods country. The crops are flourishing.
The whole worlds off its rocker, buy Gold™.
I am stacking beet bars and potato rounds.
Prancing unicorns and rainbows everywhere.
Thanks for the link and research.
Is it possible that Zerohedge has twisted--as they are so fond of doing--this story?
https://www.lansingstatejournal.com/story/news/2019/06/21/breadsmith-cyberattack-malware-ransomware/1522326001/
Knowledge is the enemy of fear
Lansing, MI isn't in the same section of farm country as Nebraska, Iowa, Missouri, Illinois, Indiana. A Walmart shortage isn't the same as a couple of grocery stores in Michigan short on stock because of getting hacked.
I knew it would happen.
Sounds exactly like the kind of story that would/could/will be twisted. We know we all love alternative facts. Lol
Knowledge is the enemy of fear
Foreign governments want more Gold than the US perhaps?
100% Positive BST transactions
Gold and silver continuing their upward run....still have not seen a good reason for this... There are people somewhere that know something....Cheers, RickO
Keep going up. I wouldn’t mind selling a bunch if it ever gets to $40+.
This might be the trigger:
Deeper Fed rate cuts?
This could also be the reason the dollar is down today.
My Adolph A. Weinman signature
More buyers than sellers.
Knowledge is the enemy of fear
anyone remember "let the good times roll" by the cars?
I would always look first to the bond markets. How's liquidity these days?
Possibly due to the expectations for lower rates to rescue a slowing economy in spite of jawboning to the contrary.
I knew it would happen.