New highs $93+ it's going higher. We are at my initial price target. I would say this needs to consolidate that last move up but it could have more gas left in the tank.
Guessing some Non-US banks, or their clients, have to be hurting with this run up, unless they're selling on behalf of mining companies/refiners vs inventory. More than half the CME open interest is from Banks
With silver bouncing up and down around $5 daily, that is good. Can't expect a LCS to give current spot since there is downside risk to recoup funds from wholesaler or retail sales.
@coastaljerseyguy said:
With silver bouncing up and down around $5 daily, that is good. Can't expect a LCS to give current spot since there is downside risk to recoup funds from wholesaler or retail sales.
I love how everyone is worried about the shop losing money on volatility but no thoughts are given to when a dealer buys a bunch of silver and price shoot up the next day.
@coastaljerseyguy said:
With silver bouncing up and down around $5 daily, that is good. Can't expect a LCS to give current spot since there is downside risk to recoup funds from wholesaler or retail sales.
I love how everyone is worried about the shop losing money on volatility but no thoughts are given to when a dealer buys a bunch of silver and price shoot up the next day.
Agree. It's all a part of the business. I'm not worried at all about any "shop"
I'd love to own one myself. BUT, I am worried about many of them owned by those with poor business skill. They will be toast in this new world of Silver.
@coastaljerseyguy said:
Guessing some Non-US banks, or their clients, have to be hurting with this run up, unless they're selling on behalf >of mining companies/refiners vs inventory. More than half the CME open interest is from Banks
And 99% of that is for custodial relationships.
We've seen the bank results for Q3 when gold and silver had already moved up bigtime. No losses to speak of. Balance sheets pristine. Mike Mayo, who was bearish on banks for a decade, says it's the best era for banks since the 1950's.
@derryb said:
Shanghai silver premium climbs to $11, with record high $104 oz. price tag.
At that price China can have all me gutter metal. 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?
@derryb said:
Shanghai silver premium climbs to $11, with record high $104 oz. price tag.
At that price China can have all me gutter metal. RGDS!
.
So, now you are "rooting" for BRICS are you ?
.
Not exactly, more like rooting for my bank accounts. BOOMIN!™ 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?
I haven't had this stuff out in years. Hitting $100 made me look. I hate to hear how much history is heading to the melting pot. The hobby is taking a huge hit. I hope there are collectors out there like me that enjoy the coins and fun times had collecting them. The 2 oz Intaglio mint tokens are outstanding. Maybe all those 1960's Mint and Proof sets I have will be rare at the end of the "Great Melt of 2026".
.
.
.
@MsMorrisine said:
well, there is bullishness in the non-us banks getting squeezed
That's just it....no rumours even of any banks, SWFs, or players who are losing their shirts on the rise in gold or silver.
So...it's either manageable or there is very little leverage in the system. The alleged "shorts" are non-existent. If someone is getting carried out in a body bag, we should hear about it in the next few weeks as reporting season hits.
That's actually MORE bullish long-term since it means the metal is in strong hands and the rise is justified by the fundamentals (I think it's overshot the fundies, but whatever ).
@fathom said:
Crypto unwinding will see some of that cash flow into precious metals.
I think the bottom for crypto is in. I would actually make the case that booming crypto market would lead to money pouring into PMs as a lot of crypto profits will be put into PMs.
@ProofCollection said:
I think the bottom for crypto is in. I would actually make the case that booming crypto market would lead to money >pouring into PMs as a lot of crypto profits will be put into PMs.
We saw the deleveraging in BitCoin and crypto in October. That's what caused the initial surge in gold and silver.
You could be right on crypto bottoming, looks like it. But I've got a lousy track record on them so I'll keep my mouth shut.
Comments
New highs $93+ it's going higher. We are at my initial price target. I would say this needs to consolidate that last move up but it could have more gas left in the tank.
Feeling a little sad I sold 120oz yesterday. Oh well!
Guessing some Non-US banks, or their clients, have to be hurting with this run up, unless they're selling on behalf of mining companies/refiners vs inventory. More than half the CME open interest is from Banks
well, there is bullishness in the non-us banks getting squeezed
If it helps, I shed 361ozs this morning, but it is what it is... timing is everything
Retail supplies are getting really tight. Reports are that buying and selling have become difficult.
Offered at local shop today $57x. Good?
Average, that's about $10 back, dollars and halfs should get slightly more then quarters & dimes.
In comparison to a gallon of gas, it looks good at the present time.
That's right around $80 per troy oz. I'd say that's a fair deal for 90% RN
COPPER is gutter !
With silver bouncing up and down around $5 daily, that is good. Can't expect a LCS to give current spot since there is downside risk to recoup funds from wholesaler or retail sales.
I love how everyone is worried about the shop losing money on volatility but no thoughts are given to when a dealer buys a bunch of silver and price shoot up the next day.
Agree. It's all a part of the business. I'm not worried at all about any "shop"
I'd love to own one myself. BUT, I am worried about many of them owned by those with poor business skill. They will be toast in this new world of Silver.
COPPER is gutter !
Strong open tonight, $94 is here.
Gold $4692
MIKE B.
I was going to buy a few silver peace proofs at the US Mint just a few days ago at $91. I got busy and now it shows them at $173. 😒😢
kitco session high - 93.70
94.21
live from bullionstar:
When gold and silver move together, it signals the coming end of fiat money.
And 99% of that is for custodial relationships.
We've seen the bank results for Q3 when gold and silver had already moved up bigtime. No losses to speak of. Balance sheets pristine. Mike Mayo, who was bearish on banks for a decade, says it's the best era for banks since the 1950's.
90.80?
it was 93ish sunday night
LBMA number was Friday morning
94.83
$2-$5 swings daily these days
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
Good morning to $95+. Continues to rip higher. Gold $4725+
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Shanghai silver premium climbs to $11, with record high $104 oz. price tag.
When gold and silver move together, it signals the coming end of fiat money.
爆炸了!
Loves me some shiny!
“Often wrong, but never in doubt.”
At that price China can have all me gutter metal.
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?
.
.
So, now you are "rooting" for BRICS are you ?
.
Not exactly, more like rooting for my bank accounts. BOOMIN!™ 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?
Just like everybody else here who didn't listen to your gutter drivel... CIAO!
Loves me some shiny!
“Often wrong, but never in doubt.”
$96+. Historic $100 coming soon...
$98!
$98.72 wow ! All PM are riding high.
Traders gonna take some profits eventually. Big time profits !
Wooohoooo! $100!!!!!!!!!!!!!!!!!!!!!!!!
KITCO high shows 99.87
COPPER is gutter !
Today's high, $100.19. Nice!!!
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
I saw $103 on the futures.
I haven't had this stuff out in years. Hitting $100 made me look. I hate to hear how much history is heading to the melting pot. The hobby is taking a huge hit. I hope there are collectors out there like me that enjoy the coins and fun times had collecting them. The 2 oz Intaglio mint tokens are outstanding. Maybe all those 1960's Mint and Proof sets I have will be rare at the end of the "Great Melt of 2026".
.
.
.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
That's just it....no rumours even of any banks, SWFs, or players who are losing their shirts on the rise in gold or silver.
So...it's either manageable or there is very little leverage in the system. The alleged "shorts" are non-existent. If someone is getting carried out in a body bag, we should hear about it in the next few weeks as reporting season hits.
That's actually MORE bullish long-term since it means the metal is in strong hands and the rise is justified by the fundamentals (I think it's overshot the fundies, but whatever
).
Crypto unwinding will see some of that cash flow into precious metals.
I think the bottom for crypto is in. I would actually make the case that booming crypto market would lead to money pouring into PMs as a lot of crypto profits will be put into PMs.
Kicking off tonight with a roar. Over $105!
It's going to crash, probably from $200 down to $130.
I knew it would happen.
110 on kitco!
$123 in Shanghai - gap appears to be widening!
Lease rates on silver have also increased in Shanghi and in India as well.
I knew it would happen.
shanghai and india are special cases. i prefer to refer to us, london and sydney
Those buying silver at FUN were smart buyers. Congrats.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
We saw the deleveraging in BitCoin and crypto in October. That's what caused the initial surge in gold and silver.
You could be right on crypto bottoming, looks like it. But I've got a lousy track record on them so I'll keep my mouth shut.