Not necessarily the BIG ONE...but it is certainly a big change from a couple of months ago....Not sure how far this will go.... but a fun ride....Cheers, RickO
Well, if one is to be wrong this is the way it should be.
I was prepared to sell some AU yesterday @1470 expecting strong resistance to 1500. Actually I bought some more in the late afternoon. It's going to be interesting for a while to come.
What this tells me is that the metals have caught someone's attention as being worthy at this time. The question will be - how many of these "someones" are there out there? Maybe someone actually took a look at the condition of the bond market?
Q: Are You Printing Money? Bernanke: Not Literally
If you don't mind buying at this level Stacks auction tomorrow will sell gold at melt or very close. I mean melt after the buyers premium is added. Their increments are the reason. $20's have $100 increments if your sitting at the increment near melt you're sitting pretty. Remember even though their drop down box of next bids are full increments it will accept a half increment. Most lots will have the winning bid before live bidding starts with the exception of numismatic premiums. Less coins have numismatic premiums than you think. I wouldn't say this but my bids are sitting pretty. This is for the numismatic auction they now have a bullion auction with only $20 increments you can't count on a winning bid when it can be taken away from you for 20 bucks. I stick to the numismatic auction with larger spreads to protect your bid. If you don't get the good bid slots the bullion auction might work for you.
@cohodk said:
Today we just have negative interest rates, which may or may not prove troublesome.
Loans at any or no interest rate will become troublesome if the economy cannot maintain the current employment levels. Keep in mind that one of the costs of a recession is jobs. Throw in a trade war and you double the problem.
Velocity of jobs will become an issue as was/is velocity of money.
A lot of gold sold at Stacks today for about $4 over melt, some nice stuff. A few pieces sold about $24 under melt. Some had issues but still nice. I bought a $10 for about $4 over I really didn't want to spend more today.
lcoopie
Posts: 8,797 âœâœâœâœâœ
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Not necessarily the BIG ONE...but it is certainly a big change from a couple of months ago....Not sure how far this will go.... but a fun ride....Cheers, RickO
sure looks like it. no resistance at all at 1,500
Silver breaks $17/oz.....and stocks are down - despite futures having been all green... Cheers, RickO
Well, if one is to be wrong this is the way it should be.
I was prepared to sell some AU yesterday @1470 expecting strong resistance to 1500. Actually I bought some more in the late afternoon. It's going to be interesting for a while to come.
What this tells me is that the metals have caught someone's attention as being worthy at this time. The question will be - how many of these "someones" are there out there? Maybe someone actually took a look at the condition of the bond market?
I knew it would happen.
Platinum and Palladium are hanging in there too as all my metals are becoming shinier.
I'm enjoying this ride !!!
Will be this way for the rest of the year. President wants a weak dollar, he'll get it, even if he has to use China to get there.
Give Me Liberty or Give Me Debt
Doug Casey on Why Gold Is the Best Money
Give Me Liberty or Give Me Debt
Moving on up
Elizabeth , it’s the big one.
Away we go, lol.
silver just broke 18 dollars, nice to see that. should break 20 dollars before end of the year easily
It's all about how much the trade war continues the upward momentum
I also wonder about the inverted yield curve. It's gone from almost no inversion to clearly inverted.
Hopefully a news outlet will provide historical numbers to compare today's with those of the past.
The end of my stacking stopped at 15. Let’s see where this goes.
Looking for $1900 again. The miners should do real well going forward IMHO.
100% Positive BST transactions
CNBC just said that the 2year 10 year spread is the most since May 2007
Wish I had bought some precious metals... even platinum doing better today.
If you don't mind buying at this level Stacks auction tomorrow will sell gold at melt or very close. I mean melt after the buyers premium is added. Their increments are the reason. $20's have $100 increments if your sitting at the increment near melt you're sitting pretty. Remember even though their drop down box of next bids are full increments it will accept a half increment. Most lots will have the winning bid before live bidding starts with the exception of numismatic premiums. Less coins have numismatic premiums than you think. I wouldn't say this but my bids are sitting pretty. This is for the numismatic auction they now have a bullion auction with only $20 increments you can't count on a winning bid when it can be taken away from you for 20 bucks. I stick to the numismatic auction with larger spreads to protect your bid. If you don't get the good bid slots the bullion auction might work for you.
better watch out now. CNBC just had someone recommending gold
glad I didn't sell any gold yet
Yields from the treasury
The spread in 1989 and 2000 was almost -0.50. Still a long way from there.
Knowledge is the enemy of fear
https://www.treasury.gov/resource-center/data-chart-center/interest-rates/Pages/TextView.aspx?data=yield
2-10 spread
Knowledge is the enemy of fear
Sell it the day CNBC sends a reporter to cover the busy coin show.
Liberty: Parent of Science & Industry
A day before that may even be better.
The whole worlds off its rocker, buy Goldâ„¢.
gold is at record highs in most currencies other than the dollar. Dollar is next.
Give Me Liberty or Give Me Debt
With respect to what will the dollar decline against?
I see that.
however the spread in 2007 was less. 2007 preceded the great recession.
We also had people securing mortgages exceeding
10x their income with no money down.
Today we just have negative interest rates, which may or may not prove troublesome.
Knowledge is the enemy of fear
Loans at any or no interest rate will become troublesome if the economy cannot maintain the current employment levels. Keep in mind that one of the costs of a recession is jobs. Throw in a trade war and you double the problem.
Velocity of jobs will become an issue as was/is velocity of money.
Give Me Liberty or Give Me Debt
I would like to increase the velocity of my precious metals attainment.
But alas, I will wait this out.
The economy is currently employing the unemployable. A little slowdown might be good.
Knowledge is the enemy of fear
A lot of gold sold at Stacks today for about $4 over melt, some nice stuff. A few pieces sold about $24 under melt. Some had issues but still nice. I bought a $10 for about $4 over I really didn't want to spend more today.
It may very well be the big one
with what it can buy.
Give Me Liberty or Give Me Debt
Elizabeth?
24
27
29
As Walter Matthau said in the Odd Couple about his service in Korea as opposed to WWII:
"It was the Big One to ME."
Here's a warning parable for coin collectors...
I'm just sitting back an loving the ride.