If you prefer another CB by all means let us know.
Why would anyone need a central bank to control the markets, including interest rates via money from thin air? There's nothing wrong with having a free market with real price discovery.
Interest rates should be allowed to be the canary in the coal mine, same goes for the price of gold. The central bank has absolutely no business in controlling either one.
Central banking is parasitic and only concerned with its control and their own survival. They do nothing for the economy except inflate the currency and destroy personal savings.
Q: Are You Printing Money? Bernanke: Not Literally
@ProofCollection said:
Seems like we've had plenty of panics and depressions in the post CB age too. Why is a CB the cure?
No, the Fed has absolutely moderated the business cycle and prevented recessions from becoming Depressions. Unemployment used to double or triple....GDP would collapse by 10-12% on average....they would last on average 5-6 years.
Today, unemployment goes up by about 30-50% at worst...GDP falls by 3-5% or less.....recessions/downturns last 18 months on average.
Yes, the Fed has made things MUCH better. It's why stocks sell for higher multiples for one thing.
Why not? Markets are far more efficient now. Free markets. Any time you add manipulation it doesn't seem to work >out well.
It's not manipulation, it's balancing competing forces in an economy with 350 million domestic participants and a few billion outside the U.S.
@jmski52 said:
Central banking is parasitic and only concerned with its control and their own survival. They do nothing for the >economy except inflate the currency and destroy personal savings.
The experience of this country the last century says otherwise. Without the Fed, most people would be separated from their savings and jobs/livelihood.
If you think a pure Gold Standard and no CB and no monetary authority will work today......
@ProofCollection said:
Seems like we've had plenty of panics and depressions in the post CB age too. Why is a CB the cure?
No, the Fed has absolutely moderated the business cycle and prevented recessions from becoming Depressions. Unemployment used to double or triple....GDP would collapse by 10-12% on average....they would last on average 5-6 years.
Today, unemployment goes up by about 30-50% at worst...GDP falls by 3-5% or less.....recessions/downturns last 18 months on average.
Yes, the Fed has made things MUCH better. It's why stocks sell for higher multiples for one thing.
And why our dollar has lost 98% of its value.
Why not? Markets are far more efficient now. Free markets. Any time you add manipulation it doesn't seem to work >out well.
It's not manipulation, it's balancing competing forces in an economy with 350 million domestic participants and a few billion outside the U.S.
LOL. You can sugar coat it all you want. It's manipulation.
@jmski52 said:
Central banking is parasitic and only concerned with its control and their own survival. They do nothing for the >economy except inflate the currency and destroy personal savings.
The experience of this country the last century says otherwise. Without the Fed, most people would be separated from their savings and jobs/livelihood.
If you think a pure Gold Standard and no CB and no monetary authority will work today......
I didn't see where he advocated for a gold standard. We could always just go back to US Notes (Legal Tender Notes). There's no reason why our government needs to borrow (and pay interest on) every dollar from a private bank when we could just print them.
@ProofCollection said:
And why our dollar has lost 98% of its value.
Inflation was not a problem for 98% of the time since the Fed was created. If it lost 98% since 1913, that's 2-3% a year which is manageable.
The alternative is to force an internal adjustment which is far more costly in terms of GDP loss, unemployment, etc. You are asking for a fixed currency to NOT lose value over time which was more or less what we had during our first 100 years as a country.
It's not practical for a modern economy. In fact, it's impossible.
LOL. You can sugar coat it all you want. It's manipulation.
It's not manipulation if you are transparent. What you prescribe is chaos, banking and financial panics, and unnecessarily long adjustment processes. Read "Golden Fetters."
Central banking is parasitic and only concerned with its control and their own survival. They do nothing for the >economy except inflate the currency and destroy personal savings.
I'd say our world-leading financial markets are pretty good for savings.
I didn't see where he advocated for a gold standard. We could always just go back to US Notes (Legal Tender >Notes). There's no reason why our government needs to borrow (and pay interest on) every dollar from a private >bank when we could just print them.
There's no difference in what you are proposing. Legal Tender Notes....Federal Reserve Notes....same thing. You either create credit or you don't. You either print currency and high-powered money and it can be called LTN or FRN's or Gold Certificiates or whatever. The point is....there's a demand for them.
The government pays interest on reserves (usually). It's not "forced" to.
@ProofCollection said:
I'd prefer not to have a CB. We don't need one. The debt money system is a scam.
Then you are asking for panics and Depressions and basically want to use monetary systems from the barter age.
You think that will work in the 21st and 22nd century ?
.
Central planning of the economy is like communism.
We need to let the free-market economy do its thing and stop central bank intervention/manipulation.
When the human population levels off, the debt-based monetary system will fail.
It's the 8th inning of this game....I'm seeing gold and silver leading off the financial news shows on the hour....metals analysts making Guest Appearances....call-ins to Cramer on the PMs. You don't see that at the beginning of the up-move.
I think we're gonna find out somebody was caught short on gold/silver and was covering the last few days.
We'll see. If anybody sees any CREDIBLE news on a short casualty, post it here.
Sold 500 dimes, 50 halves, 200 quarters when it was $65 at my local coin shop in Omaha. Came again at $90 for another dump at the shop. Got 85% of spot. Coming back, I said at $100. Called on a Friday and they said they were still able to buy. By the time I could get there, things had gone south and their offer was 70%. Said their wholesalers only wanted .999 or better. Needless to say I took 50 ounces back home.
@smeyer2350 said:
Sold 500 dimes, 50 halves, 200 quarters when it was $65 at my local coin shop in Omaha. Came again at $90 for another dump at the shop. Got 85% of spot. Coming back, I said at $100. Called on a Friday and they said they were still able to buy. By the time I could get there, things had gone south and their offer was 70%. Said their wholesalers only wanted .999 or better. Needless to say I took 50 ounces back home.
By my calculations, you can get about 87% on CollectPure.
I think those who are patient, perhaps later this year, will see the market change where they can sell at spot or better and premiums return for retail silver. Just my speculation.
@ProofCollection said:
I think those who are patient, perhaps later this year, will see the market change where they can sell at spot or >better and premiums return for retail silver. Just my speculation.
Yes, but at what price silver ? And who knows if the SOBs don't try and maintain super-wide discounts when the price falls ?
Gold’s push above $5,000 is not a buying frenzy, but reflects structural changes in global markets - Standard Chartered’s Suki Cooper
Gold continues to see solid momentum at record highs, with prices now solidly above $5,200 an ounce. According to one market analyst, this investment demand is being driven by more than just speculative frenzy.
In her latest precious metals report, Suki Cooper, Global Head of Commodities Research at Standard Chartered, said that gold’s unprecedented rally continues to be supported by fundamental factors.
“Tactical investors have increased their exposure to gold this month (as of 20 January), but not at the same pace as the price increase. Net fund length has risen by 14.9k lots over the past two weeks largely on the back of fresh long positions being established (14.8k lots) while prices have gained around USD 300/oz over the reported period. Typically, prices have gained USD 100/oz amid a 60k lot move, suggesting other factors may now be in play,” she said. “While traditional macro drivers are playing a lesser role, the structural drivers have intensified. Growing concerns over Fed independence and scope for looser monetary policy, heightened geopolitical risks, and a reigniting of trade and tariff fears are likely driving more rapid allocations to gold, led by retail investors. Tactical buying has not been the engine behind this rally; instead, buying led by structural changes remains key, in our view.”
Cooper added that speculative positioning as a percentage of open interest remains elevated at 26.4%, but is still well below the peak of 47.9%, indicating that positioning does not appear overextended.
Meanwhile, Cooper said that the options market also points to higher gold prices in the near term.
“One-month implied volatility has spiked higher again, to levels last seen in March 2022. Meanwhile, one-month risk reversals have spiked to levels last seen in April 2024, remaining firmly in favour of calls,” she said.
Cooper also noted that physical bullion and jewelry demand remains fairly robust, with Chinese consumption once again dominating the market. She added that gold is once again trading at a premium on the Shanghai Gold Exchange.
“Gold demand typically picks up six weeks ahead of the Lunar New Year (17 February this year) during strong consumption years, but the local market has not been consistently at a premium since the start of this year. This implies scope for the gold market to be well supported on price dips until the Lunar New Year,” she said.
Finally, Cooper pointed out that central bank demand continues to provide a critical foundation for higher gold prices.
“Buying accelerated in Q3-2025 and preliminary Q4 data implies that the desire to allocate to gold has not slowed, providing a strong floor for the gold market,” she said.
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@GoldFinger1969 said:
We were up $300 on the COMEX contract; I believe it changed over.
That's why the change and level are all over the place.
Biggest single day increase in terms of dollars of all time. These are great days my brothers and sisters. Perhaps the greatest days. RGDS!
P.S.: At this point my spreadsheets can't even keep up. Man my poor fingers need a break. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
@Goldminers said:
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
Still SEVERELY overvalued IMO. There may be a quick deadcat bounce for the gutter but even that is looking less and less likely. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@Goldminers said:
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
Still SEVERELY overvalued IMO. There may be a quick deadcat bounce for the gutter but even that is looking less and less likely. RGDS!
silver futures hit 74 today then bounced to 85 at electronic close
@Goldminers said:
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
Still SEVERELY overvalued IMO. There may be a quick deadcat bounce for the gutter but even that is looking less and less likely. RGDS!
silver futures hit 74 today then bounced to 85 at electronic close
see everyone Sunday at 6
It's amazing how many people think a historic drop means nothing. Time will tell. However, pretending that wasn't a crash, whether temporary or not, borders on insanity. Markets don't drop 30% without a nuclear explosion in the background.
All comments reflect the opinion of the author, even when irrefutably accurate.
@Goldminers said:
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
Still SEVERELY overvalued IMO. There may be a quick deadcat bounce for the gutter but even that is looking less and less likely. RGDS!
silver futures hit 74 today then bounced to 85 at electronic close
see everyone Sunday at 6
It's amazing how many people think a historic drop means nothing. Time will tell. However, pretending that wasn't a crash, whether temporary or not, borders on insanity. Markets don't drop 30% without a nuclear explosion in the background.
Given the size and speed of the up move, a pullback of that size is not unusual. Prices need to consolidate the last move and will probably trade in a range for a while. That is unless there are still genuine physical supply shortages.
@Goldminers said:
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
Still SEVERELY overvalued IMO. There may be a quick deadcat bounce for the gutter but even that is looking less and less likely. RGDS!
silver futures hit 74 today then bounced to 85 at electronic close
see everyone Sunday at 6
It's amazing how many people think a historic drop means nothing. Time will tell. However, pretending that wasn't a crash, whether temporary or not, borders on insanity. Markets don't drop 30% without a nuclear explosion in the background.
Comments
Then you are asking for panics and Depressions and basically want to use monetary systems from the barter age.
You think that will work in the 21st and 22nd century ?
If you prefer another CB by all means let us know.
Why would anyone need a central bank to control the markets, including interest rates via money from thin air? There's nothing wrong with having a free market with real price discovery.
Interest rates should be allowed to be the canary in the coal mine, same goes for the price of gold. The central bank has absolutely no business in controlling either one.
Central banking is parasitic and only concerned with its control and their own survival. They do nothing for the economy except inflate the currency and destroy personal savings.
I knew it would happen.
Seems like we've had plenty of panics and depressions in the post CB age too. Why is a CB the cure?
Why not? Markets are far more efficient now. Free markets. Any time you add manipulation it doesn't seem to work out well.
No, the Fed has absolutely moderated the business cycle and prevented recessions from becoming Depressions. Unemployment used to double or triple....GDP would collapse by 10-12% on average....they would last on average 5-6 years.
Today, unemployment goes up by about 30-50% at worst...GDP falls by 3-5% or less.....recessions/downturns last 18 months on average.
Yes, the Fed has made things MUCH better. It's why stocks sell for higher multiples for one thing.
It's not manipulation, it's balancing competing forces in an economy with 350 million domestic participants and a few billion outside the U.S.
The experience of this country the last century says otherwise. Without the Fed, most people would be separated from their savings and jobs/livelihood.
If you think a pure Gold Standard and no CB and no monetary authority will work today......
And why our dollar has lost 98% of its value.
LOL. You can sugar coat it all you want. It's manipulation.
I didn't see where he advocated for a gold standard. We could always just go back to US Notes (Legal Tender Notes). There's no reason why our government needs to borrow (and pay interest on) every dollar from a private bank when we could just print them.
Inflation was not a problem for 98% of the time since the Fed was created. If it lost 98% since 1913, that's 2-3% a year which is manageable.
The alternative is to force an internal adjustment which is far more costly in terms of GDP loss, unemployment, etc. You are asking for a fixed currency to NOT lose value over time which was more or less what we had during our first 100 years as a country.
It's not practical for a modern economy. In fact, it's impossible.
It's not manipulation if you are transparent. What you prescribe is chaos, banking and financial panics, and unnecessarily long adjustment processes. Read "Golden Fetters."
I'd say our world-leading financial markets are pretty good for savings.
There's no difference in what you are proposing. Legal Tender Notes....Federal Reserve Notes....same thing. You either create credit or you don't. You either print currency and high-powered money and it can be called LTN or FRN's or Gold Certificiates or whatever. The point is....there's a demand for them.
The government pays interest on reserves (usually). It's not "forced" to.
.
Central planning of the economy is like communism.
We need to let the free-market economy do its thing and stop central bank intervention/manipulation.
When the human population levels off, the debt-based monetary system will fail.
.
It's the 8th inning of this game....I'm seeing gold and silver leading off the financial news shows on the hour....metals analysts making Guest Appearances....call-ins to Cramer on the PMs. You don't see that at the beginning of the up-move.
I think we're gonna find out somebody was caught short on gold/silver and was covering the last few days.
We'll see. If anybody sees any CREDIBLE news on a short casualty, post it here.
From RBC Capital.....
What just happened?? Gold jumped about $100 in 2 hours, now at $5,184!!
.
I knew it would happen.
@MsMorrisine said:
What are you talking about?
I knew it would happen.
just messing around with the "."
btw, we have a new front month futures contract - 5238.50 right now
kitco - 5185
but kitco session high is 5202 !
We're all getting better at math
Even the ones that weren't paying attention in school
Yeah, I was going to make about silver, but then I realized that this wasn't a silver thread.
I knew it would happen.
I need to get out and test my new to me toy.
we have liftoff!
Catch-up buying by ETFs and mutual funds.
Silver dropped over $3.00 in about 30 seconds. Someone didn't like it at $115.
I knew it would happen.
Sold 500 dimes, 50 halves, 200 quarters when it was $65 at my local coin shop in Omaha. Came again at $90 for another dump at the shop. Got 85% of spot. Coming back, I said at $100. Called on a Friday and they said they were still able to buy. By the time I could get there, things had gone south and their offer was 70%. Said their wholesalers only wanted .999 or better. Needless to say I took 50 ounces back home.
By my calculations, you can get about 87% on CollectPure.
I think those who are patient, perhaps later this year, will see the market change where they can sell at spot or better and premiums return for retail silver. Just my speculation.
>
At this rate they will soon be buying only 1.001.
Yes, but at what price silver ? And who knows if the SOBs don't try and maintain super-wide discounts when the price falls ?
Gold’s push above $5,000 is not a buying frenzy, but reflects structural changes in global markets - Standard Chartered’s Suki Cooper
Gold continues to see solid momentum at record highs, with prices now solidly above $5,200 an ounce. According to one market analyst, this investment demand is being driven by more than just speculative frenzy.
In her latest precious metals report, Suki Cooper, Global Head of Commodities Research at Standard Chartered, said that gold’s unprecedented rally continues to be supported by fundamental factors.
“Tactical investors have increased their exposure to gold this month (as of 20 January), but not at the same pace as the price increase. Net fund length has risen by 14.9k lots over the past two weeks largely on the back of fresh long positions being established (14.8k lots) while prices have gained around USD 300/oz over the reported period. Typically, prices have gained USD 100/oz amid a 60k lot move, suggesting other factors may now be in play,” she said. “While traditional macro drivers are playing a lesser role, the structural drivers have intensified. Growing concerns over Fed independence and scope for looser monetary policy, heightened geopolitical risks, and a reigniting of trade and tariff fears are likely driving more rapid allocations to gold, led by retail investors. Tactical buying has not been the engine behind this rally; instead, buying led by structural changes remains key, in our view.”
Cooper added that speculative positioning as a percentage of open interest remains elevated at 26.4%, but is still well below the peak of 47.9%, indicating that positioning does not appear overextended.
Meanwhile, Cooper said that the options market also points to higher gold prices in the near term.
“One-month implied volatility has spiked higher again, to levels last seen in March 2022. Meanwhile, one-month risk reversals have spiked to levels last seen in April 2024, remaining firmly in favour of calls,” she said.
Cooper also noted that physical bullion and jewelry demand remains fairly robust, with Chinese consumption once again dominating the market. She added that gold is once again trading at a premium on the Shanghai Gold Exchange.
“Gold demand typically picks up six weeks ahead of the Lunar New Year (17 February this year) during strong consumption years, but the local market has not been consistently at a premium since the start of this year. This implies scope for the gold market to be well supported on price dips until the Lunar New Year,” she said.
Finally, Cooper pointed out that central bank demand continues to provide a critical foundation for higher gold prices.
“Buying accelerated in Q3-2025 and preliminary Q4 data implies that the desire to allocate to gold has not slowed, providing a strong floor for the gold market,” she said.
Gold at 110% premium to 200 DMA; in last 45 years, the highest premium was 75%.
For silver, the move is more extreme. "Gold on steroids...bubble territory."
$5400 new ATH.
Rebel with a cause:
Me likey! RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Who let the dogz out?!
Woof!
I knew it would happen.
We were up $300 on the COMEX contract; I believe it changed over.
That's why the change and level are all over the place.
Biggest single day increase in terms of dollars of all time. These are great days my brothers and sisters. Perhaps the greatest days. RGDS!
P.S.: At this point my spreadsheets can't even keep up. Man my poor fingers need a break. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
the new front month was so deemed on tues evening
the differential was +30
is it time? are the wheels coming off?
Pit Stop
COPPER is gutter !
Looks like a good time to hone in on a gold purchase. Watch that dip closely!
COPPER is gutter !
JP Morgan initiated coverage on the gold sector with Agnico Eagle and Barrick Mining.
Talk about horrendous timing....unless gold is going to $7,000
The Uranium price is up 10% during this two-day precious metal carnage. The weekend events have a lot of uncertainty. Time to consider dip buying in SLV.
My US Mint Commemorative Medal Set
Still SEVERELY overvalued IMO. There may be a quick deadcat bounce for the gutter but even that is looking less and less likely. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
silver futures hit 74 today then bounced to 85 at electronic close
see everyone Sunday at 6
It's amazing how many people think a historic drop means nothing. Time will tell. However, pretending that wasn't a crash, whether temporary or not, borders on insanity. Markets don't drop 30% without a nuclear explosion in the background.
All comments reflect the opinion of the author, even when irrefutably accurate.
Given the size and speed of the up move, a pullback of that size is not unusual. Prices need to consolidate the last move and will probably trade in a range for a while. That is unless there are still genuine physical supply shortages.
Go ask Bitcoin maybe?
COPPER is gutter !
