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Melt rising steeply

rickoricko Posts: 98,724 ✭✭✭✭✭
in Precious Metals

Gold and silver on a run this morning... May not last, but looks strong right now. Cheers, RickO

Comments

  • tincuptincup Posts: 5,142 ✭✭✭✭✭

    Yeah... pretty strong jump. But as you say... will it last. Pump and dump? or does it have some legs this time?

    ----- kj
  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

    gold just dropped 20 dollars in seconds, below 1800 again, spoof trading

  • coinpalicecoinpalice Posts: 2,453 ✭✭✭✭✭

    big banks are shorting again

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Well...that was fast..... Still a ways to go before the final bell. Cheers, RickO

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    We bought some silver yesterday. I think it's time.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭

    I'm waiting for it to drop to $19. Then I'm all in, again.... for the last time. LOL.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Looks like a precipitous drop going on..... Something is afoot. Cheers, RickO

  • MilesWaitsMilesWaits Posts: 5,356 ✭✭✭✭✭

    Quite possibly the PM trickle down effects from Chinese counterfeits ;)

    Now riding the swell in PM's and surf.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Down and down we go.... Where we stop, I hope somebody knows.... :D;) Cheers, RickO

  • jmski52jmski52 Posts: 22,850 ✭✭✭✭✭

    cowabunga

    I didn't think that keeping what's his name at the Fed would cause such a hissy fit with gold today.

    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Silver is not happy this morning..... With stocks tanking, money is going somewhere. Cheers, RickO

  • taxmadtaxmad Posts: 978 ✭✭✭✭

    @ricko said:
    Silver is not happy this morning..... With stocks tanking, money is going somewhere. Cheers, RickO

    Cover margin calls would be my guess...

  • jessewvujessewvu Posts: 5,065 ✭✭✭✭✭

    The whole thing is rigged!

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @ricko said:
    Silver is not happy this morning..... With stocks tanking, money is going somewhere. Cheers, RickO

    It ain't going into bidcoin nor any other crypto currency...... Cash as always, remains KING

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    Here we go again... Check the Kitco charts.... Looks like the dip may be over. Cheers, RickO

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @ricko said:
    Here we go again... Check the Kitco charts.... Looks like the dip may be over. Cheers, RickO

    I'm looking, but seeing nothing but red. :s

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • rickoricko Posts: 98,724 ✭✭✭✭✭

    WOW!!! That was a fast reverse!!! Have to find out what caused that.... Thought the rise was due to Covid fears.... Maybe the 'no shut down' statement changed minds. Cheers, RickO

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    @ricko said:
    WOW!!! That was a fast reverse!!! Have to find out what caused that.... Thought the rise was due to Covid fears.... Maybe the 'no shut down' statement changed minds. Cheers, RickO

    You can blame ... Fed Chair... J.P.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭

    Good time to kick back and watch more madness ensue.

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,293 ✭✭✭✭✭

    I posted yesterday that it was a "good buy" day. And right back up it shot.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    @TwoSides2aCoin.... Ssshhhhhhhh..... They monitor this forum... :D;) Cheers, RickO

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    Silver has a looooong way to go.

    Dec 16 2021 1:55PM NY Time

    Bid/Ask 22.42 22.52
    Low/High 22.12 22.63
    Change +$0.36 +1.61%
    30DayChg -$2.38 -9.60%
    1YearChg -$2.89 -11.40%

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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