Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Weakness begets weakness. Extremely oversold conditions are not a good sign for the intermediate term as it shows heavy distribution. Those heavy sellers will not suddenly become buyers. Sponsorship is being lost. The 200 day moving average is accelerating downward trend. My sympathies to the author.
Professional Numismatist, Retired. 55 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and ANA Lifetime Achievement Award 2020. Winner of the PNG's 2026 Robert Friedberg Award for "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or Amazon.
Wow...silver is down another 6%+...hitting near $18.35 as I type. Pretty sharp drop (sorry, just can't find it in my heart to say "correction"). Gold down almost $60.
Comments
<< <i>
Here we go again!!!!!!!!!!!!!!!!!
Wheeeeee!
And again!!!! >>
and just like the pictured roller coasters, we end right at the station where we started.
(except of course for those leveraged ETF traders who will report after the fact that they once again successfully traded the move)
Liberty: Parent of Science & Industry
Liberty: Parent of Science & Industry
That's just a little pimple of a bump. Not a spike.
I knew it would happen.
"The bull market is not over! The gold price is in an oversold position, as shown above, which is far worse
than in 2008 or even in 2000. Such extremes have always been followed by strong movements to the up-side.
After 2008, gold rose almost 200% while gold shares jumped 400%."
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
<< <i>
"The bull market is not over! The gold price is in an oversold position, as shown above, which is far worse
than in 2008 or even in 2000. Such extremes have always been followed by strong movements to the up-side.
After 2008, gold rose almost 200% while gold shares jumped 400%." >>
Weakness begets weakness. Extremely oversold conditions are not a good sign for the intermediate term as it shows heavy distribution. Those heavy sellers will not suddenly become buyers. Sponsorship is being lost. The 200 day moving average is accelerating downward trend. My sympathies to the author.
Knowledge is the enemy of fear
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
Will they ever stop falling?!
<< <i>
Will they ever stop falling?! >>
Yup, one day! In mean time strap on seat belt or better yet fire up grill and enjoy summer!
Come back tomorrow and buy a ticket for another spin.
Got quoins?
Liberty: Parent of Science & Industry
<< <i>hey, it's green! lookit the green! >>
Long time don't see!