What caused the jump in gold and silver prices July 3 and 5

Soldi

Any idea?

blitzdude

Speculation that inflation is easing, job market slightly cooling which could translate into interest rate cuts. Bitcoin and Ethereum got pummeled last week -20%+ which I suspect drove some people out and maybe into metals. Wannabe dictators getting closer in their attempt to rule the world etc. RGDS!

TwoSides2aCoin

Manipulators woke up from all the fireworks. They’ve begun to realize some truths.

handyman

I guess people wanted to load up there personal rockets with it and send it into space.

derryb

dollar promoters jumping ship

GoldFinger1969

European elections, plus a very weak BitCoin last few weeks.

BTC is down about 30% in recent months while gold is down about 2% from her ATH.

WCC

The same thing as always, buyers and sellers acting on their beliefs.

TwoSides2aCoin

Van Halen. That’s the short answer. “Jump”.
Silver: $31.47
Gold: $2415.30

bidask

weaker cpi yesterday

derryb

We are currently in the beginning of an unannounced recession. Equities are beginning their long overdue long term downward spiral. Interest rates are expected to go lower.

Gold will thrive in such an environment as will UVXY and the miners.

rte592

@derryb said:
We are currently in the beginning of an unannounced recession. Equities are beginning their long overdue long term downward spiral. Interest rates are expected to go lower.

Gold will thrive in such an environment as will UVXY and the miners.

You wouldn't know it from today's outing.
I went to a delinquent storage locker sale.
CASH ONLY
8 units, 2 turned out to be cars.
There were 34 parties bidding
These were average units and the cheapest one went for $260

One with a plastic Kayak and long gun case sold for $$740.
One unit with 3 well used dirt bikes and 2 plastic Kayaks sold for $860.
People were spending some serious money on what I don't know. Maybe just gambling on something that I didn't see.
We picked up a 2004 Volvo XC90 for $200.
One unit had a standing kickboxing stand , some random stuff and what looked like a tin with what could have been jewelry??
It sold for $610.
It sure didn't show signs of a recession.

blitzdude

Economy is absolutely BOOMIN!

Bulguaria Hedge has brainwashed the doomsays to thinking the sky is always falling. Some have been posting almost 20 years here and it's been the same 'Merica is about to collapse BS since their very first post. Exit the bunker people. RGDS!

Soldi

Yes, I've been expecting a turn on the Dow, but a month ago on a holiday weekend. Rte592 experience encouraging

derryb

@rte592 said:

@derryb said:
We are currently in the beginning of an unannounced recession. Equities are beginning their long overdue long term downward spiral. Interest rates are expected to go lower.

Gold will thrive in such an environment as will UVXY and the miners.

You wouldn't know it from today's outing.
I went to a delinquent storage locker sale.
CASH ONLY
8 units, 2 turned out to be cars.
There were 34 parties bidding
These were average units and the cheapest one went for $260

One with a plastic Kayak and long gun case sold for $$740.
One unit with 3 well used dirt bikes and 2 plastic Kayaks sold for $860.
People were spending some serious money on what I don't know. Maybe just gambling in something that I didn't see.
We picked up a 2004 Volvo CX90 for $200.
One unit had a standing kickboxing stand , some random stuff and what looked like a tin with what could have been jewelry??
It sold for $610.
It sure did show signs of a recession

Damn speculators.

derryb

VIX says trouble ahead. The "Everything Bubble" nears its end.

cohodk

@rte592 said:
These were average units and the cheapest one went for $260

Folk typically spend $2000 in storage fees for $500 worth of junk.

blitzdude

Imaginary CoiNZ sure are GeTTiN spanked. I'll buy back in once that bubble completely pops. THKS!

tincup

@blitzdude said:
Economy is absolutely BOOMIN!

Bulguaria Hedge has brainwashed the doomsays to thinking the sky is always falling. Some have been posting almost 20 years here and it's been the same 'Merica is about to collapse BS since their very first post. Exit the bunker people. RGDS!

For sure 'absolutely BOOMIN!'.... wrong direction though.

jmski52

It's boomin' in blitz's alternative universe.

derryb

look for an "emergency" rate cut

psuman08

@derryb said:
look for an "emergency" rate cut

I don't think so. The carry trades from Japan are being unwound. Initial market falls were overreactions this morning.

Fed is achieving what it set out to by lowering inflation. I am not saying I agree with it, but Powell is not going to suddenly change his mind without "more data."

tincup

I don't know about rate cut probabilities or anything like that.... not that knowledgeable on financial matters (other than my own personal finances). Will be interesting to see how this week will close out... and next week starts. And when/if Middle East starts doin more than sabre rattling.... ....does look like something is going to happen.

BLUEJAYWAY

@rte592 said:

@derryb said:
We are currently in the beginning of an unannounced recession. Equities are beginning their long overdue long term downward spiral. Interest rates are expected to go lower.

Gold will thrive in such an environment as will UVXY and the miners.

You wouldn't know it from today's outing.
I went to a delinquent storage locker sale.
CASH ONLY
8 units, 2 turned out to be cars.
There were 34 parties bidding
These were average units and the cheapest one went for $260

One with a plastic Kayak and long gun case sold for $$740.
One unit with 3 well used dirt bikes and 2 plastic Kayaks sold for $860.
People were spending some serious money on what I don't know. Maybe just gambling in something that I didn't see.
We picked up a 2004 Volvo CX90 for $200.
One unit had a standing kickboxing stand , some random stuff and what looked like a tin with what could have been jewelry??
It sold for $610.
It sure did show signs of a recession

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