Will we see another retreat or is this just the beginning of prices staying above the two millennium mark?
Hey buddy
What you think? 🤠
Been riding these horses together for awhile. Congratulations and here’s my favorite answer to the burning question “ will it stay above?”
Thanks. What’s the old saying “ even a broken clock is correct twice a day “. Silver seems to be dropping to test the level. Gold looks good today. Be kinda fun for it to hold $2000 and over for the weekend. We shall see 🤠
@Jzyskowski1 said:
Thanks. What’s the old saying “ even a broken clock is correct twice a day “. Silver seems to be dropping to test the level. Gold looks good today. Be kinda fun for it to hold $2000 and over for the weekend. We shall see 🤠
It should hold for a bit. It will eventually test the $2000 support. But with the breakout, the pivot should be higher. 1960ish
Today with volume and the price was down a little. Tomorrow is importain for both sides. If bull can push it up again then short will be panicked which might push the price up a lot more.
The more interesting pricing isn't the spot price. The premiums on silver and gold are widening again. WHOLESALE bid on 90% silver is spot +$6.50. Generic AU pre-33 $20s are at $2300.
@Jzyskowski1 said:
Thanks. What’s the old saying “ even a broken clock is correct twice a day “. Silver seems to be dropping to test the level. Gold looks good today. Be kinda fun for it to hold $2000 and over for the weekend. We shall see 🤠
GOLD $2,000.33 (+8.91)
Well here we are with the weekend past and back to over $2000.00.
Lots of people are watching once they believe gold will stay above 2k and higher, they will be afraid that they might miss the train. They will jump on board that will push the price higher like a snowball.
Good about this time over 2K, there are not too many hypes, not on the major news which is good. PCGS did not jump out like last time with gift to guess the closing price at certain date. The train is leaving. LOL
@Goldminers said:
When this goes above 2023, we will have to ask @dcarr to strike a few examples representing the future.
A 2026 revolutionary gold seems like something to start working on already for the 250th US anniversary.
We may have to start using the Jewish calendar soon as Bidenflation takes the country into the tank.
Unnecessary comment. You have been around long enough to know better. Your entitled to your opinion on coins and such but you might want to respect the forum rules. Thanks 🙏
@coinpalice said:
your not rich, your just covering the cost if inflation, it's called preserving wealth
You're not even doing that year- over- year even if 100% of your assets are in gold. Gold is only up 4% year over year.
Up just shy of 25% since Oct 14, 2022 ($1645 on 10-14-22, currently at $2045)... arbitrary time comparisons are kind of pointless...
Mark
Also up 20% over 3 years. And flat over 10 years. And, yes, arbitrary time frames are pointless. But the point remains, no one got rich over this move. Pick any time frame you want.
Fun that you picked October 2022 after recently mocking my September 2022 post which warned of a possible break below 1700. Even when I'm right, I'm wrong. Right?
@Jzyskowski1 said:
Well now
I’m feeling kinda rich because half my silver bullion I paid $12-18 oz. I guess rich is relative.
Carry on gentlemen.
Lol. Well, you can be richER without really being rich.
But time frame matters. Even 100% gain over 20 years is less than savings bonds would have paid.
I've got silver that I paid $7 per ounce. But the real money I made was on the silver I sold at $7, then bought at 6, then sold at 8, then bought at 7.50, then sold at 8.50 etc. I turned it over 50x since the 1990s. It's really hard to make money on silver and gold in a buy and hold strategy. Most 20 to 30 year time frames have pretty low annual rates of returns.
@Jzyskowski1 said:
Well now
I’m feeling kinda rich because half my silver bullion I paid $12-18 oz. I guess rich is relative.
Carry on gentlemen.
Lol. Well, you can be richER without really being rich.
But time frame matters. Even 100% gain over 20 years is less than savings bonds would have paid.
I've got silver that I paid $7 per ounce. But the real money I made was on the silver I sold at $7, then bought at 6, then sold at 8, then bought at 7.50, then sold at 8.50 etc. I turned it over 50x since the 1990s. It's really hard to make money on silver and gold in a buy and hold strategy. Most 20 to 30 year time frames have pretty low annual rates of returns.
I also made a ton on silver, unlike you, I post when I sell to back up my comments. Actually the price of silver took a decent dip after I sold but premiums went up. As of today I was never able to repurchase enough below my sell point to make it worth my while to add back to my silver. Not a problem since I still own some and plenty more gold.
It's also pretty useless trading 5 oz of gold on $20 or 25 swings in price. At some point you'll have to reenter at a higher price point or sit out empty-handed as my silver sales. I would venture a guess that most here adding to this fun thread are not trading on a day-by-day basis. Many or maybe most would probably tell you they are holding gold as an insurance should things hit the fan.
Maybe your useless comments on tomorrow's price of gold would be better received in the precious metals forum, not in a fun thread about gold value and matching coin pictures. From what I have witnessed about your comments over the past four years is you somehow perceive yourself as the smartest guy in the room. Smartest guy in the room would have dumped his ETH @ $3500 and repurchased at $1200. LOL!
@Jzyskowski1 said:
Well now
I’m feeling kinda rich because half my silver bullion I paid $12-18 oz. I guess rich is relative.
Carry on gentlemen.
Lol. Well, you can be richER without really being rich.
But time frame matters. Even 100% gain over 20 years is less than savings bonds would have paid.
I've got silver that I paid $7 per ounce. But the real money I made was on the silver I sold at $7, then bought at 6, then sold at 8, then bought at 7.50, then sold at 8.50 etc. I turned it over 50x since the 1990s. It's really hard to make money on silver and gold in a buy and hold strategy. Most 20 to 30 year time frames have pretty low annual rates of returns.
I also made a ton on silver, unlike you, I post when I sell to back up my comments. Actually the price of silver took a decent dip after I sold but premiums went up. As of today I was never able to repurchase enough below my sell point to make it worth my while to add back to my silver. Not a problem since I still own some and plenty more gold.
It's also pretty useless trading 5 oz of gold on $20 or 25 swings in price. At some point you'll have to reenter at a higher price point or sit out empty-handed as my silver sales. I would venture a guess that most here adding to this fun thread are not trading on a day-by-day basis. Many or maybe most would probably tell you they are holding gold as an insurance should things hit the fan.
Maybe your useless comments on tomorrow's price of gold would be better received in the precious metals forum, not in a fun thread about gold value and matching coin pictures. From what I have witnessed about your comments over the past four years is you somehow perceive yourself as the smartest guy in the room. Smartest guy in the room would have dumped his ETH @ $3500 and repurchased at $1200. LOL!
Mark
I've posted some gold sales right on this thread. It really doesn't matter what I post, you'll find an issue with it. So, have at it.
There is really no point in posting my silver sales as I buy and sell it every week. If i did, you'd just accuse me of clogging up the boards or bragging or some other imagined offense.
I make my money on bid/ask spread not buying and holding. That is how 100% of dealers operate. I don't buy it to go up. I buy it and sell it for a $50 spread in a matter of minutes or hours. I have a few things I hold out of personal interest but 95+% of my bullion is in and out in a couple days at most.
As for ethereum, I told you during one of your other attacks that I bought it as pure speculation. I don't trade it. I don't even pay much attention to it.
You might consider that you reaction to me says far more about you than me. Speculating on the current and future direction of spot price seems appropriate and had nothing to do with who's the smartest in the room. But, of course, if you interpret it as such it really is about your cognitive biases. But, again, have at it.
I'm going to just continue to have fun buying and selling... and trying to read the tea leaves based on fundamentals and technical analysis. And I'll be right and I'll be wrong... and you'll always just criticize. But I guess you need a hobby also.
I won't even make fun of you when gold gets back to 1800 because I really don't care what you're doing in your corner of the world.
@jmlanzaf said:
Oooh.... and Ethereum just went past gold and hit 2100
Considering it was at $3500, you look more and more like a genius every day.
Mark
Lol. It was 800 when I first bought it.
...and watched it crater from $4600 to under $1100 and probably during that time posted countless portions of your "technical analysis" on the price of gold. That's a lot of $50 spread trades!
And most of my gold I currently hold was purchased under $1100 and some through the $1100 range. Gold is currently near all time highs and your ETH is still under half it's high. As usual you appear to miss the main point. Many here use gold as insurance, a part of a large portfolio of products.
Putting out numbers off a technical chart is senseless. I would bet you could state that gold will go up (or down) on any given day and if you're willing to wait a couple days you will be right either way. I guess sounding smart is important to you. In the future, it's probably better to post those nuggets on the precious metals forum where it might make more sense.
@jmlanzaf said:
Oooh.... and Ethereum just went past gold and hit 2100
Considering it was at $3500, you look more and more like a genius every day.
Mark
Lol. It was 800 when I first bought it.
...and watched it crater from $4600 to under $1100 and probably during that time posted countless portions of your "technical analysis" on the price of gold. That's a lot of $50 spread trades!
And most of my gold I currently hold was purchased under $1100 and some through the $1100 range. Gold is currently near all time highs and your ETH is still under half it's high. As usual you appear to miss the main point. Many here use gold as insurance, a part of a large portfolio of products.
Putting out numbers off a technical chart is senseless. I would bet you could state that gold will go up (or down) on any given day and if you're willing to wait a couple days you will be right either way. I guess sounding smart is important to you. In the future, it's probably better to post those nuggets on the precious metals forum where it might make more sense.
Mark
Again, ETH was simply a long term speculation. I don't watch it or trade it. [Funny that you again are picking arbitrary time frames to make some point after complaining about itc earlier.,]
I've personally acknowledged the insurance aspect, I believe on this very thread. That, of course, is the opposite of the "we're rich" post to which my response created your latest set of criticisms.
Other than the fact that you don't like me, could you explain how my posts are any different than other people's posts asking about whether we'll break $2000 or whether we'll stay above$2000. A lot of people have been making similar posts. This whole thread is full of price speculation... and will continue to be.
At the risk of holding up a mirror for you again, I only started posting the technical analysis when you complained about a predictive post I made. You seemed to want justification for a price point I made.
Comments
GOLD $2,023.87 (+3.20)
Well you certainly called it!
Thanks. What’s the old saying “ even a broken clock is correct twice a day “. Silver seems to be dropping to test the level. Gold looks good today. Be kinda fun for it to hold $2000 and over for the weekend. We shall see 🤠
🎶 shout shout, let it all out 🎶
It should hold for a bit. It will eventually test the $2000 support. But with the breakout, the pivot should be higher. 1960ish
$568 spread between gold and palladium 🤨
🎶 shout shout, let it all out 🎶
Today with volume and the price was down a little. Tomorrow is importain for both sides. If bull can push it up again then short will be panicked which might push the price up a lot more.
Anyone have a 2037 dated coin?
fka renman95, Sep 2005, 7,000 posts
The more interesting pricing isn't the spot price. The premiums on silver and gold are widening again. WHOLESALE bid on 90% silver is spot +$6.50. Generic AU pre-33 $20s are at $2300.
Gold Standard Bill To Stabilize Dollar’s Value.
Interesting development but don't think it will fly
https://www.zerohedge.com/commodities/three-gop-reps-introduce-gold-standard-bill-stabilize-dollars-value
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
Friday the market will be closed
Awesome way to enter the weekend 😁. I’ve got a silver 2023. Lets see some gold 👍🏼
🎶 shout shout, let it all out 🎶
GOLD $2,000.33 (+8.91)
Well here we are with the weekend past and back to over $2000.00.
Indeed it did hold. And silver as well. Congratulations 🎉🍾🎊🎈
🎶 shout shout, let it all out 🎶
Yesterday’s back out 2k invalidated the break out. So it needs to try again in order to be able to move higher.
Does today's $2004 at present count?
$2021
fka renman95, Sep 2005, 7,000 posts
GOLD $2,004.39 (+12.97)
When this goes above 2023, we will have to ask @dcarr to strike a few examples representing the future.
A 2026 revolutionary gold seems like something to start working on already for the 250th US anniversary.
National Commemorative Medals of the U.S. Mint:
https://www.pcgs.com/setregistry/u-s-coins/medals-tokens/national-commemorative-medals-united-states-mint-1940-present/alltimeset/195526
The resistance isn't at $2000. It's in the 2010 to 2020 range.
It's still in a rising triangle, but it's near the resistance at the top. It needs to get clear and stay above it to confirm a new range.
Yes but it needs to stay above 2k for at least three trading days. We might need some news to do that.
Well this is a step in the right direction.
🎶 shout shout, let it all out 🎶
GOLD $2,018.32 (+14.67)
Definitely threatening.
Yes. Although it's akin to cheering on the fire so you can collect the insurance. It would be better all around if gold were collapsing to $1500.
Lots of people are watching once they believe gold will stay above 2k and higher, they will be afraid that they might miss the train. They will jump on board that will push the price higher like a snowball.
Good about this time over 2K, there are not too many hypes, not on the major news which is good. PCGS did not jump out like last time with gift to guess the closing price at certain date. The train is leaving. LOL
And is silver just gunna hit $26 because it can? It’s been on a steady climb all day 😎
🎶 shout shout, let it all out 🎶
silver will be 28 soon.
GOLD $2,021.44 (+6.41)
Still nothing to see here.
Silver 😁.
$25.90. Come on little doggie. You can stretch your doggie wings and fly pass $26
🎶 shout shout, let it all out 🎶
Party time 🥳🎉🎊🍾. $26+.
🎶 shout shout, let it all out 🎶
GOLD $2,040.15 (+25.12)
Wow, just Wow!
Broke the resistance bands between 2010 and 2027. Should run to 2060 to 2070
YAY...WE'RE RICH !!!
Uh... now what?
your not rich, your just covering the cost if inflation, it's called preserving wealth
GOLD $2,039.89 (+24.86)
Hanging in there.
You're not even doing that year- over- year even if 100% of your assets are in gold. Gold is only up 4% year over year.
yes your right, i was going too add that in, but you did it for me
We may have to start using the Jewish calendar soon as Bidenflation takes the country into the tank.
Unnecessary comment. You have been around long enough to know better. Your entitled to your opinion on coins and such but you might want to respect the forum rules. Thanks 🙏
🎶 shout shout, let it all out 🎶
Up just shy of 25% since Oct 14, 2022 ($1645 on 10-14-22, currently at $2045)... arbitrary time comparisons are kind of pointless...
Mark
Also up 20% over 3 years. And flat over 10 years. And, yes, arbitrary time frames are pointless. But the point remains, no one got rich over this move. Pick any time frame you want.
Fun that you picked October 2022 after recently mocking my September 2022 post which warned of a possible break below 1700. Even when I'm right, I'm wrong. Right?
Well now
I’m feeling kinda rich because half my silver bullion I paid $12-18 oz. I guess rich is relative.
Carry on gentlemen.
🎶 shout shout, let it all out 🎶
Lol. Well, you can be richER without really being rich.
But time frame matters. Even 100% gain over 20 years is less than savings bonds would have paid.
I've got silver that I paid $7 per ounce. But the real money I made was on the silver I sold at $7, then bought at 6, then sold at 8, then bought at 7.50, then sold at 8.50 etc. I turned it over 50x since the 1990s. It's really hard to make money on silver and gold in a buy and hold strategy. Most 20 to 30 year time frames have pretty low annual rates of returns.
Oooh.... and Ethereum just went past gold and hit 2100
Bounced off the 2060ish resistance and right down through the 2010 support. Could go as low as 1960
Considering it was at $3500, you look more and more like a genius every day.
Mark
I also made a ton on silver, unlike you, I post when I sell to back up my comments. Actually the price of silver took a decent dip after I sold but premiums went up. As of today I was never able to repurchase enough below my sell point to make it worth my while to add back to my silver. Not a problem since I still own some and plenty more gold.
It's also pretty useless trading 5 oz of gold on $20 or 25 swings in price. At some point you'll have to reenter at a higher price point or sit out empty-handed as my silver sales. I would venture a guess that most here adding to this fun thread are not trading on a day-by-day basis. Many or maybe most would probably tell you they are holding gold as an insurance should things hit the fan.
Maybe your useless comments on tomorrow's price of gold would be better received in the precious metals forum, not in a fun thread about gold value and matching coin pictures. From what I have witnessed about your comments over the past four years is you somehow perceive yourself as the smartest guy in the room. Smartest guy in the room would have dumped his ETH @ $3500 and repurchased at $1200. LOL!
Mark
Lol. It was 800 when I first bought it.
I've posted some gold sales right on this thread. It really doesn't matter what I post, you'll find an issue with it. So, have at it.
There is really no point in posting my silver sales as I buy and sell it every week. If i did, you'd just accuse me of clogging up the boards or bragging or some other imagined offense.
I make my money on bid/ask spread not buying and holding. That is how 100% of dealers operate. I don't buy it to go up. I buy it and sell it for a $50 spread in a matter of minutes or hours. I have a few things I hold out of personal interest but 95+% of my bullion is in and out in a couple days at most.
As for ethereum, I told you during one of your other attacks that I bought it as pure speculation. I don't trade it. I don't even pay much attention to it.
You might consider that you reaction to me says far more about you than me. Speculating on the current and future direction of spot price seems appropriate and had nothing to do with who's the smartest in the room. But, of course, if you interpret it as such it really is about your cognitive biases. But, again, have at it.
I'm going to just continue to have fun buying and selling... and trying to read the tea leaves based on fundamentals and technical analysis. And I'll be right and I'll be wrong... and you'll always just criticize. But I guess you need a hobby also.
I won't even make fun of you when gold gets back to 1800 because I really don't care what you're doing in your corner of the world.
...and watched it crater from $4600 to under $1100 and probably during that time posted countless portions of your "technical analysis" on the price of gold. That's a lot of $50 spread trades!
And most of my gold I currently hold was purchased under $1100 and some through the $1100 range. Gold is currently near all time highs and your ETH is still under half it's high. As usual you appear to miss the main point. Many here use gold as insurance, a part of a large portfolio of products.
Putting out numbers off a technical chart is senseless. I would bet you could state that gold will go up (or down) on any given day and if you're willing to wait a couple days you will be right either way. I guess sounding smart is important to you. In the future, it's probably better to post those nuggets on the precious metals forum where it might make more sense.
Mark
Again, ETH was simply a long term speculation. I don't watch it or trade it. [Funny that you again are picking arbitrary time frames to make some point after complaining about itc earlier.,]
I've personally acknowledged the insurance aspect, I believe on this very thread. That, of course, is the opposite of the "we're rich" post to which my response created your latest set of criticisms.
Other than the fact that you don't like me, could you explain how my posts are any different than other people's posts asking about whether we'll break $2000 or whether we'll stay above$2000. A lot of people have been making similar posts. This whole thread is full of price speculation... and will continue to be.
At the risk of holding up a mirror for you again, I only started posting the technical analysis when you complained about a predictive post I made. You seemed to want justification for a price point I made.
Prediction: you will complain about this post.