Talk about pm crashing

mikee999

Goldminers

Good time to buy over the weekend.
A lot of people seem to want to buy gold on up days and seem to avoid sale prices when it is down.

mikee999

@Goldminers said:
Good time to buy over the weekend.
A lot of people seem to want to buy gold on up days and seem to avoid sale prices when it is down.

But will dealers/sellers adjust their prices downward to reflect current spot?

Goldminers

@mikee999 said:

@Goldminers said:
Good time to buy over the weekend.
A lot of people seem to want to buy gold on up days and seem to avoid sale prices when it is down.

But will dealers/sellers adjust their prices downward to reflect current spot?

Most of the bullion dealers I buy from have direct minute by minute pricing updates with spot ask prices. I just checked and can see very low pricing on several silver bars that I like, very close to $30 which is only about 70 cents above spot. I do not buy overpriced eagles as their premiums are a joke.

I bought 300 ounces yesterday before the drop, but they were scarce bar types, so I don't really care too much. I bought one specifically just to post for Blitz soon, which I know his reaction already, LOL.

stevek

If ya follow the old adage of gold is a hedge against inflation, and silver is the poor man's gold, whatever happens in November, money is still going to be excessively printed.

Therefore, I can't envision gold or silver crashing. Perhaps some profit taking, especially if the various world "problems" currently out there get settled.

derryb

two reasons: Knee jerk reaction to slow down in China buying gold (there were those here who claimed the price runup had nothing to do with Chinese buying) and a spectacular (LOL) jobs report that will, as always, be revised downward.
1. Look for China to take advantage of lower gold prices that it helped to create.
2. Jobs report, as always, will be revised lower. What the MSM is not telling the public:

And, there has been ZERO INCREASE in jobs for native-born workers in over five years, since July 2018! How much of this income will be reported to the IRS. LOL

As always PMs will recover from misinformation. Buy the dip Mortimer.

morgansforever

I walked in to a local pawn shop the other day and asked what's your buy price for 1 oz. AGE's, the best he could do was $1550.

Soldi

@morgansforever said:
I walked in to a local pawn shop the other day and asked what's your buy price for 1 oz. AGE's, the best he could do was $1550.

Come to South Carolina they make you pay them $1600 to take it off your hands

Soldi

@derryb said:
two reasons: Knee jerk reaction to slow down in China buying gold (there were those here who claimed the price runup had nothing to do with Chinese buying) and a spectacular (LOL) jobs report that will, as always, be revised downward.
1. Look for China to take advantage of lower gold prices that it helped to create.
2. Jobs report, as always, will be revised lower. What the MSM is not telling the public:

And, there has been ZERO INCREASE in jobs for native-born workers in over five years, since July 2018! How much of this income will be reported to the IRS. LOL

As always PMs will recover from misinformation. Buy the dip Mortimer.

Derryb SPEAKS THE TRUTH end of discussion. I'm telling you Up reports mean down , Down mean Up

derryb

The jobs report is nothing more than "narrative management."

Koinsarefun

JimTyler

I’m not talking about it

pmbug

Rollercoasters aren't thrilling if they only go up.

JimTyler

@pmbug said:
Rollercoasters aren't thrilling if they only go up.

So wise grasshopper

bidask

Costco m> @mikee999 said:

That barely 7% correction

Hardly a crash !

bidask

@bidask said:
Costco m> @mikee999 said:

That barely 7% correction

Hardly a crash !

So much for the crash !