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What caused the jump in gold and silver prices July 3 and 5
Soldi
Posts: 2,177 ✭✭✭✭✭
Any idea?
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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!
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?
Manipulators woke up from all the fireworks. They’ve begun to realize some truths.
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
I guess people wanted to load up there personal rockets with it and send it into space.
dollar promoters jumping ship
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
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.
The same thing as always, buyers and sellers acting on their beliefs.
Van Halen. That’s the short answer. “Jump”.
Silver: $31.47
Gold: $2415.30
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
weaker cpi yesterday
I give away money. I collect money.
I don’t love money . I do love the Lord God.
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.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
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.
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!
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?
Yes, I've been expecting a turn on the Dow, but a month ago on a holiday weekend. Rte592 experience encouraging
Damn speculators.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
VIX says trouble ahead. The "Everything Bubble" nears its end.
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
Folk typically spend $2000 in storage fees for $500 worth of junk.
Knowledge is the enemy of fear
Imaginary CoiNZ sure are GeTTiN spanked. I'll buy back in once that bubble completely pops. 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?
For sure 'absolutely BOOMIN!'.... wrong direction though.
It's boomin' in blitz's alternative universe.
I knew it would happen.
look for an "emergency" rate cut
Governments can print currency. Only the people can print faith in it — and they’re running low on ink.
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."
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.
These are the new "Vault Boxes" offering.😆