Well if they are hedging prices with current month future contracts, delivery of 5,000 troy ozs. per contract must occur by next Friday (10/31) for final trades on 10/29. Quickest refinement is critical. Also the bars must be assayed for fineness so why mess with the 90%.
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times.
SILVER SPOT PRICING: Our silver feed on our website will be restored today. There continues to be a differential between London and NY, but that differential is much smaller than a week ago. We are now able to adjust our spreads directly on the website feed.
Refiners are not buying silver due to overwhelming backlogs, extreme financing costs, and a major market squeeze. High spot prices have caused a flood of silver scrap to enter the market, overwhelming the limited number of refiners and creating a liquidity crisis where it's become uneconomical to finance and process the metal. This has resulted in some refineries halting purchases, even for investment-grade silver, until backlogs clear.
@blitzdude said:
Let me know when them refiners start accepting the gutter again. I got a lode. THKS!
@MsMorrisine said:
jh seems to be back at "normal" except for the fact they're only taking .999 silver
.999 and back of spot. I also have some junk I'd like to send in. Certainly not favorable times for the physical gutter stacker. Maybe if prices can hold steady for a couple of months they will start buying again? RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@blitzdude said:
Let me know when them refiners start accepting the gutter again. I got a lode. THKS!
@MsMorrisine said:
jh seems to be back at "normal" except for the fact they're only taking .999 silver
.999 and back of spot. I also have some junk I'd like to send in. Certainly not favorable times for the physical gutter stacker. Maybe if prices can hold steady for a couple of months they will start buying again? RGDS!
.
The term "stacker", in terms of precious metals, indicates a person who accumulates a little bit of silver over a time span and "stacks" it up. You, as a high-frequency click-addict, wouldn't understand the true concept of "stacking".
It is never a favorable time to be you. But it is a pretty good time to be a silver "stacker" because their average cost is significantly below the current wholesale market for physical silver.
@blitzdude said:
Let me know when them refiners start accepting the gutter again. I got a lode. THKS!
@MsMorrisine said:
jh seems to be back at "normal" except for the fact they're only taking .999 silver
.999 and back of spot. I also have some junk I'd like to send in. Certainly not favorable times for the physical gutter stacker. Maybe if prices can hold steady for a couple of months they will start buying again? RGDS!
.
The term "stacker", in terms of precious metals, indicates a person who accumulates a little bit of silver over a time span and "stacks" it up. You, as a high-frequency click-addict, wouldn't understand the concept of "stacking".
It is never a favorable time to be you. But it is a pretty good time to be a silver "stacker" because their average cost is significantly below the current wholesale market for physical silver.
.
What you continually fail to understand is a person can be both a stacker and a paper trader. There are quite a few right here on this forum. Nothing wrong with being a bit of both. THKS!
P.S. Can we please consider making the "in gutter we trust" token? Strictly business on your side. I just need to know the cost, with "premium™". RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
@blitzdude said:
Let me know when them refiners start accepting the gutter again. I got a lode. THKS!
@MsMorrisine said:
jh seems to be back at "normal" except for the fact they're only taking .999 silver
.999 and back of spot. I also have some junk I'd like to send in. Certainly not favorable times for the physical gutter stacker. Maybe if prices can hold steady for a couple of months they will start buying again? RGDS!
.
The term "stacker", in terms of precious metals, indicates a person who accumulates a little bit of silver over a time span and "stacks" it up. You, as a high-frequency click-addict, wouldn't understand the concept of "stacking".
It is never a favorable time to be you. But it is a pretty good time to be a silver "stacker" because their average cost is significantly below the current wholesale market for physical silver.
.
What you continually fail to understand is a person can be both a stacker and a paper trader. There are quite a few right here on this forum. Nothing wrong with being a bit of both. THKS!
P.S. Can we please consider making the "in gutter we trust" token? Strictly business on your side. I just need to know the cost, with "premium™". RGDS!
.
So then, why did you write that it is "not favorable times for the physical gutter stacker" ?
It actually is a good time, especially when physical silver can be bought for less than the paper price.
It is also good to be a "stacker" due to the increased value of their holdings in general.
PS:
I personally like silver and I don't consider it to be a "gutter metal".
So I don't have any desire to make a "in gutter we trust" token.
@derryb said:
and this is why you will never understand the silver market. You don't need to squeeze the most premium you can >on something you bought for half the current price. For a seller, it's not about premium, it's all about net profit.
The point he was making was...the market is the market. There is an excess of supply right now, and the lease rates reflect that.
You can't say the market is rational when it goes up and irrational when it goes down.
It's still going to take some time for the bottleneck in London to clear, but in the meantime it's just more profitable for refiners to pick the low-hanging fruit of .999 bars & coins for "refining" into good delivery bars.
Someone at LBMA got their tits in a wringer by shorting too much silver that was subsequently ordered for delivery. They're still about 100 million ounces behind, and even though lease rates show that the immediate crisis has been temporarily addressed, it's not over.
There is an excess of supply right now, and the lease rates reflect that.
Just keep on believing that if you want to stay in your bubble. Lease rates are still very high, but no longer astronomical. Comex only shipped out about 30 million ounces of the 150 million that LBMA needs. October wasn't even a delivery month and LBMA had a big problem.
Maybe you should take another stab at understanding what Andy Schectman has been saying.
Q: Are You Printing Money? Bernanke: Not Literally
@jmski52 said:
Maybe you should take another stab at understanding what Andy Schectman has been saying.
Maybe YOU should tell us what he is saying. So far, I don't see anything actionable.
I'm on the record saying gold would go up...I gave PTs...I gave timeframes. I was too conservative but I think most people would say I was generally on the mark.
What is AS saying ? What's silver going to....when is it gonna get there ?
Nobody wants to know about delivery schedules, lease rates, COMEX or LBMA inventory levels, etc...etc...etc. Nobody here can make money on those things.
@derryb said:
you can when the major players have been repeatedly charged (and settled) with fixing the price.
That's NOT what they were charged with. And that didn't happen.
It's clear that is being used an excuse from people whose outlandish price predictions never come true. Instead of admitting they were wrong and don't know what they were talking about, they say that a "conspiracy" took hold in the markets and that's why their predictioin didn't come true.
Right from the DOJ website. Sounds like trading manipulation to me. Please enlighten us to your better insights.
JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds.
JPMorgan entered into a deferred prosecution agreement (DPA) in connection with a criminal information filed today in the District of Connecticut charging the company with two counts of wire fraud. Under the terms of the DPA, JPMorgan will pay over $920 million in a criminal monetary penalty, criminal disgorgement, and victim compensation, with the criminal monetary penalty credited against payments made to the Commodity Futures Trading Commission (CFTC) under a separate agreement with the CFTC being announced today and with part of the criminal disgorgement credited against payments made to the Securities Exchange Commission (SEC) under a separate agreement with the SEC being announced today.
“For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. “Today’s resolution — which includes a significant criminal monetary penalty, compensation for victims, and requires JP Morgan to disgorge its unlawful gains — reflects the nature and seriousness of the bank’s offenses and represents a milestone in the department’s ongoing efforts to ensure the integrity of public markets critical to our financial system.”
I'm on the record saying gold would go up...I gave PTs...I gave timeframes. I was too conservative but I think most people would say I was generally on the mark.
If you think that you know when gold or silver is going to reach a given price point within a specific timeframe, I'd say that you are completely full of it. Correct me if I'm wrong, but I remember that your gold price prediction wasn't spot on, but too low and too late on the last big move.
Nobody wants to know about delivery schedules, lease rates, COMEX or LBMA inventory levels, etc...etc...etc. Nobody here can make money on those things.
What a BS statement! I was buying futures contracts and physical bullion in gold and silver in 1979 and 1980 - and made alot of money then, so I can speak from experience. I've been in these markets for decades, and I can certify that neither you nor I can make those kinds of calls without knowing exactly those things in order to have a feel for the market.
Q: Are You Printing Money? Bernanke: Not Literally
JP Morgan price fixed on electricity when he took the ac patents from Westinghouse and lost on the dc patents, so all of the top industries had a company that price fixed. It happened with railroads and Vanderbilt, then with kerosene and Rockefeller. JP Morgan followed them.
@blitzdude said:
Let me know when them refiners start accepting the gutter again. I got a lode. THKS!
Seems like folk have had a hard time finding a counter-party.
.
For years you two have bashed alternative thought and the credentials of anyone not aligned with your status-quo.
Always claiming that the economy is great, even "booming". What are YOUR credentials ? Nothing. You have no standing to be taken seriously. Yes, according to you - the poor "stackers" - they've all lost out.
Those that did not listen to you have done quite well with precious metals.
It's only "manipulation" on the way down. Never on the way up. LOL. THKS!
Not hard to understand. Supply and demand drive the price of silver up, there is no need to manipulate "up." If you want to profit from the ups and down (we all do), and you have the power to manipulate spot price (futures exchange major market makers do), then you only have to knock it back down. Natural market forces will knock it back up every time. Any silver chart will tell you this.
It's only "manipulation" on the way down. Never on the way up. LOL. THKS!
If you want to profit from the ups and down (we all do), and you have the power to manipulate spot price (futures exchange major market makers do), then you only have to knock it back down.
If one wanted to profit, then wouldn't they want to drive it higher? Sell high, right? So wouldn't that selling be a "natural market force" that takes prices lower?
It's only "manipulation" on the way down. Never on the way up. LOL. THKS!
If you want to profit from the ups and down (we all do), and you have the power to manipulate spot price (futures exchange major market makers do), then you only have to knock it back down.
If one wanted to profit, then wouldn't they want to drive it higher? Sell high, right?
So wouldn't that selling be a "natural market force" that takes prices lower?
why wait for a long term single profit? Bullion banks (spot price market makers, JPM et. all) make a whole lot more profit when they let it go up via "natural forces" (supply and demand), sell and collect this week's profit, then knock it back down with their futures exchange (where spot price is determined) "trading" power. Beats buy and hold by a mile.
Broken record when it comes to explaining reality to you. Go sell some more annuities, and keep not telling them it's a bad idea with rates where they are.
I did them back when they had that jump over 9% in 2022. I think SGOV is still paying over 4% and you can be in and out with instant $$$ in your hands all with a click. I-bonds would be too much work not to mention the limited $$ cap. SGOV for me for unused cash. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
It's only "manipulation" on the way down. Never on the way up. LOL. THKS!
If you want to profit from the ups and down (we all do), and you have the power to manipulate spot price (futures exchange major market makers do), then you only have to knock it back down.
If one wanted to profit, then wouldn't they want to drive it higher? Sell high, right?
So wouldn't that selling be a "natural market force" that takes prices lower?
why wait for a long term single profit? Bullion banks (spot price market makers, JPM et. all) make a whole lot more profit when they let it go up via "natural forces" (supply and demand), sell and collect this week's profit, then knock it back down with their futures exchange (where spot price is determined) "trading" power. Beats buy and hold by a mile.
Broken record when it comes to explaining reality to you. Go sell some more annuities, and keep not telling them it's a bad idea with rates where they are.
Nothing but personally directed comment from you.
Your reality is not fact. Regardless of how you profess it is.
@jmski52 said: Nothing but personally directed comment from you.
Pot calling the kettle black. This is rich.
Told.you before jmski, I give what I get.
Your reality is not fact. Regardless of how you profess it is.
You continue to act as if JPM was never convicted and fined for market manipulation. Why is that?
This "act" you perceive is another figment of your imagine. I was merely attempting to show derryb and all others, that both up and down price movements are natural depending on the balance of supply and demand.
One does not need.to incessantly fall back on some nefarious narrative to explain why prices dont go the way they think they should. That though process is usually practiced by those who are either ignorant or arrogant, or both.
As I've mentioned previously, I find this forum to be a fantastic predictor of precious metals movement, not for the oftentimes dubious internet links, but for the fear and greed, arrogance and ignorance and apathy and bullheadedness frequently displayed. The ebbs and flows of emotion are what drive pricing. If a simple redneck can see, feel and understand this then you better believe those with big brains and deep pockets can as well.
A focused mind free of emotion, clutter and distractions will make better decisions.
Comments
Well if they are hedging prices with current month future contracts, delivery of 5,000 troy ozs. per contract must occur by next Friday (10/31) for final trades on 10/29. Quickest refinement is critical. Also the bars must be assayed for fineness so why mess with the 90%.
JHCB Update Oct 23, 2025
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times apply.
SILVER SPOT PRICING: Our silver spot price will be determined today as follows:
– Bid: DEC COMEX Flat
– Ask: DEC COMEX +0.50
These are subject to change throughout the day without notice.
SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
ALL OTHER SILVER PURCHASES, INCLUDING US90%, ARE SUSPENDED.
– .999 Silver -1.50 (must be marked!)
Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.
TURNAROUND TIMES:
– Gold: 1-3 Business Days
– Silver: 1-5 Business Days (updated faster turnaround time)
– Silver Melts: Purchasing Suspended
Thank you, The Team at Jack Hunt
jack hunt spread just tightened again
Yeah....kinda sounded like he was dissing you derryb.
Knowledge is the enemy of fear
I give derryb credit for having more than some knowledge. Quite a bit, actually.
I knew it would happen.
Refiners still not buying the gutter? It seems not many want the stuff. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
backwardation down to 30 cents
GOLD PURCHASING: OPEN AND READY TO DO BUSINESS!!!
Normal turnaround times.
SILVER SPOT PRICING: Our silver feed on our website will be restored today. There continues to be a differential between London and NY, but that differential is much smaller than a week ago. We are now able to adjust our spreads directly on the website feed.
The link to our spot feed is: https://www.jackhunt.com/dealer-hub/
The spreads are subject to change throughout the day without notice.
SILVER PURCHASING: WE ARE ONLY PURCHASING .999 FINE SILVER.
All other silver purchases, including US90%, are suspended.
– .999 Silver -1.00 (must be marked!)
Note that Jack Hunt is not currently offering advances on silver sales to us over $5,000.
Payment upon processing.
TURNAROUND TIMES:
– Gold: 1-3 Business Days
– Silver: 1-5 Business Days
– Silver Melts: Purchasing Suspended
Thank you, The Team at Jack Hunt
jh seems to be back at "normal" except for the fact they're only taking .999 silver
From the AI guy:
Refiners are not buying silver due to overwhelming backlogs, extreme financing costs, and a major market squeeze. High spot prices have caused a flood of silver scrap to enter the market, overwhelming the limited number of refiners and creating a liquidity crisis where it's become uneconomical to finance and process the metal. This has resulted in some refineries halting purchases, even for investment-grade silver, until backlogs clear.
The East Is Buying Gold. The West Is Buying Time.
Let me know when them refiners start accepting the gutter again. I got a lode. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
.999 and back of spot. I also have some junk I'd like to send in. Certainly not favorable times for the physical gutter stacker. Maybe if prices can hold steady for a couple of months they will start buying again? RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
not back to normal. they're taking .999 because they can sell it without a refinery and without any leasing.
The East Is Buying Gold. The West Is Buying Time.
.
The term "stacker", in terms of precious metals, indicates a person who accumulates a little bit of silver over a time span and "stacks" it up. You, as a high-frequency click-addict, wouldn't understand the true concept of "stacking".
It is never a favorable time to be you. But it is a pretty good time to be a silver "stacker" because their average cost is significantly below the current wholesale market for physical silver.
.
What you continually fail to understand is a person can be both a stacker and a paper trader. There are quite a few right here on this forum. Nothing wrong with being a bit of both. THKS!
P.S. Can we please consider making the "in gutter we trust" token? Strictly business on your side. I just need to know the cost, with "premium™". RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
.
So then, why did you write that it is "not favorable times for the physical gutter stacker" ?
It actually is a good time, especially when physical silver can be bought for less than the paper price.
It is also good to be a "stacker" due to the increased value of their holdings in general.
PS:
I personally like silver and I don't consider it to be a "gutter metal".
So I don't have any desire to make a "in gutter we trust" token.
.
I agree!!!
The point he was making was...the market is the market. There is an excess of supply right now, and the lease rates reflect that.
You can't say the market is rational when it goes up and irrational when it goes down.
Seems like folk have had a hard time finding a counter-party.
Knowledge is the enemy of fear
Not at all - maybe a counter-party that is offering the price they want.
It's still going to take some time for the bottleneck in London to clear, but in the meantime it's just more profitable for refiners to pick the low-hanging fruit of .999 bars & coins for "refining" into good delivery bars.
Someone at LBMA got their tits in a wringer by shorting too much silver that was subsequently ordered for delivery. They're still about 100 million ounces behind, and even though lease rates show that the immediate crisis has been temporarily addressed, it's not over.
There is an excess of supply right now, and the lease rates reflect that.
Just keep on believing that if you want to stay in your bubble. Lease rates are still very high, but no longer astronomical. Comex only shipped out about 30 million ounces of the 150 million that LBMA needs. October wasn't even a delivery month and LBMA had a big problem.
Maybe you should take another stab at understanding what Andy Schectman has been saying.
I knew it would happen.
Maybe YOU should tell us what he is saying. So far, I don't see anything actionable.
I'm on the record saying gold would go up...I gave PTs...I gave timeframes. I was too conservative but I think most people would say I was generally on the mark.
What is AS saying ? What's silver going to....when is it gonna get there ?
Nobody wants to know about delivery schedules, lease rates, COMEX or LBMA inventory levels, etc...etc...etc. Nobody here can make money on those things.
It's all about the (silver) price.
you can when the major players have been repeatedly charged (and settled) with fixing the price.
The East Is Buying Gold. The West Is Buying Time.
That's NOT what they were charged with. And that didn't happen.
It's clear that is being used an excuse from people whose outlandish price predictions never come true. Instead of admitting they were wrong and don't know what they were talking about, they say that a "conspiracy" took hold in the markets and that's why their predictioin didn't come true.
They're never wrong...somebody always cheats.
Right from the DOJ website. Sounds like trading manipulation to me. Please enlighten us to your better insights.
JPMorgan Chase & Co. (JPMorgan), a New York, New York-based global banking and financial services firm, has entered into a resolution with the Department of Justice to resolve criminal charges related to two distinct schemes to defraud: the first involving tens of thousands of episodes of unlawful trading in the markets for precious metals futures contracts, and the second involving thousands of episodes of unlawful trading in the markets for U.S. Treasury futures contracts and in the secondary (cash) market for U.S. Treasury notes and bonds.
JPMorgan entered into a deferred prosecution agreement (DPA) in connection with a criminal information filed today in the District of Connecticut charging the company with two counts of wire fraud. Under the terms of the DPA, JPMorgan will pay over $920 million in a criminal monetary penalty, criminal disgorgement, and victim compensation, with the criminal monetary penalty credited against payments made to the Commodity Futures Trading Commission (CFTC) under a separate agreement with the CFTC being announced today and with part of the criminal disgorgement credited against payments made to the Securities Exchange Commission (SEC) under a separate agreement with the SEC being announced today.
“For over eight years, traders on JP Morgan’s precious metals and U.S. Treasuries desks engaged in separate schemes to defraud other market participants that involved thousands of instances of unlawful trading meant to enhance profits and avoid losses,” said Acting Assistant Attorney General Brian C. Rabbitt of the Justice Department’s Criminal Division. “Today’s resolution — which includes a significant criminal monetary penalty, compensation for victims, and requires JP Morgan to disgorge its unlawful gains — reflects the nature and seriousness of the bank’s offenses and represents a milestone in the department’s ongoing efforts to ensure the integrity of public markets critical to our financial system.”
I'm on the record saying gold would go up...I gave PTs...I gave timeframes. I was too conservative but I think most people would say I was generally on the mark.
If you think that you know when gold or silver is going to reach a given price point within a specific timeframe, I'd say that you are completely full of it. Correct me if I'm wrong, but I remember that your gold price prediction wasn't spot on, but too low and too late on the last big move.
Nobody wants to know about delivery schedules, lease rates, COMEX or LBMA inventory levels, etc...etc...etc. Nobody here can make money on those things.
What a BS statement! I was buying futures contracts and physical bullion in gold and silver in 1979 and 1980 - and made alot of money then, so I can speak from experience. I've been in these markets for decades, and I can certify that neither you nor I can make those kinds of calls without knowing exactly those things in order to have a feel for the market.
I knew it would happen.
Confirmed price fixing:
JPM - $920,203,609 in a criminal monetary penalty, criminal disgorgement, and victim compensation.
JPM collected a bundle on their price fixing and the gov once again took their cut. Wash, rinse, fold repeat
The East Is Buying Gold. The West Is Buying Time.
Coho knew it would happen.
Knowledge is the enemy of fear
It's only "manipulation" on the way down. Never on the way up. LOL. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
JP Morgan price fixed on electricity when he took the ac patents from Westinghouse and lost on the dc patents, so all of the top industries had a company that price fixed. It happened with railroads and Vanderbilt, then with kerosene and Rockefeller. JP Morgan followed them.
He absolutely did. Good call. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Did you lock in more losses on the way down in SLV again, blitz?
Coho didn't short SLV, even when he "knows" that he should've shorted it and made money, lol.
I knew it would happen.
.
For years you two have bashed alternative thought and the credentials of anyone not aligned with your status-quo.
Always claiming that the economy is great, even "booming". What are YOUR credentials ? Nothing. You have no standing to be taken seriously. Yes, according to you - the poor "stackers" - they've all lost out.
Those that did not listen to you have done quite well with precious metals.
And now all you have left are sour grapes.
.
Drink up my friend.
Knowledge is the enemy of fear
.
Naw.
There is nothing in that picture that I would want.
.
Told you I was on the sidelines with the SLV. Try to keep up Jim. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
I'd have thought that your trigger finger would've got the best of you once again. Maybe you're learning?
Then again, prolly not.
I knew it would happen.
Not hard to understand. Supply and demand drive the price of silver up, there is no need to manipulate "up." If you want to profit from the ups and down (we all do), and you have the power to manipulate spot price (futures exchange major market makers do), then you only have to knock it back down. Natural market forces will knock it back up every time. Any silver chart will tell you this.
The East Is Buying Gold. The West Is Buying Time.
.> @derryb said:
If one wanted to profit, then wouldn't they want to drive it higher? Sell high, right? So wouldn't that selling be a "natural market force" that takes prices lower?
Knowledge is the enemy of fear
why wait for a long term single profit? Bullion banks (spot price market makers, JPM et. all) make a whole lot more profit when they let it go up via "natural forces" (supply and demand), sell and collect this week's profit, then knock it back down with their futures exchange (where spot price is determined) "trading" power. Beats buy and hold by a mile.
Broken record when it comes to explaining reality to you. Go sell some more annuities, and keep not telling them it's a bad idea with rates where they are.
The East Is Buying Gold. The West Is Buying Time.
I-bonds are now 4%
I did them back when they had that jump over 9% in 2022. I think SGOV is still paying over 4% and you can be in and out with instant $$$ in your hands all with a click. I-bonds would be too much work not to mention the limited $$ cap. SGOV for me for unused cash. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Nothing but personally directed comment from you.
Your reality is not fact. Regardless of how you profess it is.
Knowledge is the enemy of fear
Nothing but personally directed comment from you.
Pot calling the kettle black. This is rich.
Your reality is not fact. Regardless of how you profess it is.
You continue to act as if JPM was never convicted and fined for market manipulation. Why is that?
I knew it would happen.
Told.you before jmski, I give what I get.
This "act" you perceive is another figment of your imagine. I was merely attempting to show derryb and all others, that both up and down price movements are natural depending on the balance of supply and demand.
One does not need.to incessantly fall back on some nefarious narrative to explain why prices dont go the way they think they should. That though process is usually practiced by those who are either ignorant or arrogant, or both.
As I've mentioned previously, I find this forum to be a fantastic predictor of precious metals movement, not for the oftentimes dubious internet links, but for the fear and greed, arrogance and ignorance and apathy and bullheadedness frequently displayed. The ebbs and flows of emotion are what drive pricing. If a simple redneck can see, feel and understand this then you better believe those with big brains and deep pockets can as well.
A focused mind free of emotion, clutter and distractions will make better decisions.
Knowledge is the enemy of fear
Have you ever bought any gold or silver with your own money?
I knew it would happen.
Yes. And I've posted pics. Wanna see some 100oz bars? Id show you the gold but it's in the SDB.
Last week I sold some scrap 14k. Wanna see pics?
Knowledge is the enemy of fear
I've posted pics. Wanna see some 100oz bars?
Nope, but I'd like to know when you bought them and your cost basis.
I knew it would happen.
The Derivative Market's Grip on Gold and Silver Prices
The East Is Buying Gold. The West Is Buying Time.