Where is the floor?

jmski52 · March 21, 2026 6:37PM

Stanley Druckenmiller likes gold & silver, a lot.

dcarr · March 21, 2026 9:42PM

@jmlanzaf said:

@softparade said:

@jmlanzaf said:

@softparade said:

@jmlanzaf said:

@softparade said:

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

We've seen the floor. Two weeks ago.

Apparently not

You were waiting for weeks to do that weren't you lolz. Yawn. Here, let me show you something .... new word of the day for you.

https://www.merriam-webster.com/dictionary/volatility

No. I just don't visit this particular forum very often. It's nasty in here.

You might also note that excessive volatility often marks market tops and bottoms.

We know. You're a permabull. We get it. You were also wrong about the floor, it seems. If you go past "volatility" in the dictionary, you will get to "wrong".

Permabull? Nah, only when the likes of you saunter in with pot shots. And yep, I was wrong. I'll be wrong many more times too. Just like you. I have great discourse with many in this place. Many for well over two decades. Don't think you have me figured out cuz you DON'T lolz.

BTW, almost time to BACK UP THE TRUCK!

Oh, I think i have it figured out. Don't get me wrong, nothing wrong with being a permabull. You're probably right about half the time.

I didn't take any pot shots.

.

I note at least two pot shots:

"It's nasty in here"
and
"You're a permabull ... right about half the time".

.

rte592 · March 22, 2026 7:01AM

@dcarr said:
>

Oh, I think i have it figured out. Don't get me wrong, nothing wrong with being a permabull. You're probably right about half the time.

I didn't take any pot shots.

.

I note at least two pot shots:

"It's nasty in here"
and
"You're a permabull ... right about half the time".

What make a pot shot?
Those two look like observation or Opinion

Maywood · March 22, 2026 8:30AM

Things seem to have settled at $80 with fluctuations to either side of that, swinging like a pendulum.

blitzdude · March 22, 2026 10:25AM

@Maywood said:
Things seem to have settled at $80 with fluctuations to either side of that, swinging like a pendulum.

I'm showing $67 and change here in the commonwealth (Keep in mind spot price) Not what dealers are currently paying for physical. Paper gutter is moving at $67 but that is about it. Much more downside to come. Check out ZSL, it's been on absolute fire that past few weeks. RGDS!

Maywood · March 22, 2026 10:57AM

Sure, it's at around $67 but I said "swinging like a pendulum" in my post. This current low, $13 under my $80, is the same as the high 7-10 days ago at around $93 or thereabouts. I'm no genius and have no expert insight or market wisdom. But that price of $80 seems comfortable to the marketmakers and manipulators. A little below it and a little above it, but currently always around it.

Of course I could be wrong like I often am.

Higashiyama · March 22, 2026 1:49PM

@Maywood said “Of course I could be wrong like I often am.”

We all are of course, but it is refreshing to hear someone say so.

It’s probably time to recall the famous Yogi Berraism, something to the effect that predictions are hard, especially about the future.

toadstrangler · March 22, 2026 2:12PM

@RedneckHB said:

@softparade said:

@jmlanzaf said:

Oh, I think i have it figured out. Don't get me wrong, nothing wrong with being a permabull. You're probably right about half the time.

I didn't take any pot shots.

My prediction is G&S go north in the coming months / years. I believe we are in for a long term rise overall. However, volatility will continue to rule.

One could say that about anything. Fertilizer will go up and down but will be higher long term.

Very significant rise. Not a rise like domestic everyday products tied to crappy fiat. Good Lord... wasn't that a given? I guess NOT IN HERE hahahah

RedneckHB · March 22, 2026 2:56PM

@softparade said:

@RedneckHB said:

@softparade said:

@jmlanzaf said:

Oh, I think i have it figured out. Don't get me wrong, nothing wrong with being a permabull. You're probably right about half the time.

I didn't take any pot shots.

My prediction is G&S go north in the coming months / years. I believe we are in for a long term rise overall. However, volatility will continue to rule.

One could say that about anything. Fertilizer will go up and down but will be higher long term.

Very significant rise. Not a rise like domestic everyday products tied to crappy fiat. Good Lord... wasn't that a given? I guess NOT IN HERE hahahah

Fertilizer prices went up 4 fold in mid 2000s. Thats not a "very significant" rise? Not crappy enough for you? Heck, potash has nearly outperformed gold since mid-2020.

I assumed it was a given that you knew more than you do. Good Lord!!

Lol

jmlanzaf · March 22, 2026 6:47PM

@dcarr said:

@jmlanzaf said:

@softparade said:

@jmlanzaf said:

@softparade said:

@jmlanzaf said:

@softparade said:

@TwoSides2aCoin said:

@blitzdude said:

@TwoSides2aCoin said:
Let’s talk (speculate) about where the floor for metal is. We all are keenly aware of the dust that never settles on the House Floor.

The floor for the gutter is much lower. THKS!

Much lower than $120 ? Bet.
Much lower than $100 ? Check
Much lower than $91 ? Sure.
Much lower than $75 ? Okay
your projection is lower. I think MsMorrisine pegged it near $40. Others agree. Not so sure I do.

We've seen the floor. Two weeks ago.

Apparently not

You were waiting for weeks to do that weren't you lolz. Yawn. Here, let me show you something .... new word of the day for you.

https://www.merriam-webster.com/dictionary/volatility

No. I just don't visit this particular forum very often. It's nasty in here.

You might also note that excessive volatility often marks market tops and bottoms.

We know. You're a permabull. We get it. You were also wrong about the floor, it seems. If you go past "volatility" in the dictionary, you will get to "wrong".

Permabull? Nah, only when the likes of you saunter in with pot shots. And yep, I was wrong. I'll be wrong many more times too. Just like you. I have great discourse with many in this place. Many for well over two decades. Don't think you have me figured out cuz you DON'T lolz.

BTW, almost time to BACK UP THE TRUCK!

Oh, I think i have it figured out. Don't get me wrong, nothing wrong with being a permabull. You're probably right about half the time.

I didn't take any pot shots.

.

I note at least two pot shots:

"It's nasty in here"
and
"You're a permabull ... right about half the time".

.

It's nasty in here wasn't aimed at that individual. The folks in here vmake a hobby of taking shots at each other.

I wasn't aware that "permabull" was an insult. Does that make "permabear" a compliment?

You might want to recalibrate your detector.

jmlanzaf · March 22, 2026 6:49PM

@rte592 said:

@dcarr said:
>

Oh, I think i have it figured out. Don't get me wrong, nothing wrong with being a permabull. You're probably right about half the time.

I didn't take any pot shots.

.

I note at least two pot shots:

"It's nasty in here"
and
"You're a permabull ... right about half the time".

What make a pot shot?
Those two look like observation or Opinion

One wasn't asked at anyone in particular. And I fail to see how "permabull" is an insult.

Look at the constant "gutter talk" and tell me how friendly it is in here. Lol

JimTyler · March 22, 2026 7:11PM

Only have 2 oz of silver( I want to believe alien bars) and my 6 favorite gold. Dodged a bullet.

blitzdude · March 23, 2026 2:30AM

@JimTyler said:
Only have 2 oz of silver( I want to believe alien bars) and my 6 favorite gold. Dodged a bullet.

Let me know when/if you are ready to sell those 6 favorite golds. THKS!

toadstrangler · March 23, 2026 8:09AM

lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

RedneckHB · March 23, 2026 10:14AM

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

pdoidoi · March 23, 2026 11:09AM

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

I'll keep and enjoy my cards, enjoy your manure.

blitzdude · March 23, 2026 3:39PM

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

I'd take manure over cardboard for kids anyday. Lots of practical use on the ole homestead. RGDS!

toadstrangler · March 23, 2026 4:13PM

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

lolz you come at me with a fertilizer "chart" and say this about baseball cards? Hahahahahahahah I know more about fertilizer than you do cards obviously, SON. hahahahah

A fertilizer chart in precious metals. Ahhhhhhhhhhhhhh hahahahahahahahahahah

grote15 · March 23, 2026 4:19PM

@blitzdude said:

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

I'd take manure over cardboard for kids anyday. Lots of practical use on the ole homestead. RGDS!

More money (and greater appreciation in value) to be made in desirable baseball (and non sport) cards than coins these days. You need to get out more.

GoldFinger1969 · March 23, 2026 6:00PM

@jmski52 said:
You really expect to sell people that a fiat paper debt-based system conspiracy by the banking cartel will hold up >?>for another 47 years?

Sure...a cartel of 4,000 members. Their Zoom conference calls must be a blast.

GoldFinger1969 · March 23, 2026 6:01PM

Jeff deGraaf (TA) and Jeff Gundlach (DoubleLine, The Bond King)...both bullish on gold in the past....both bearish near-term.

RedneckHB · March 23, 2026 7:25PM

@softparade said:

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

lolz you come at me with a fertilizer "chart" and say this about baseball cards? Hahahahahahahah I know more about fertilizer than you do cards obviously, SON. hahahahah

A fertilizer chart in precious metals. Ahhhhhhhhhhhhhh hahahahahahahahahahah

Forgive me. I thought BS was something you could relate with.

Oh, and its the Prez who seems to have an infatuation with paper clips.

TwoSides2aCoin · March 23, 2026 10:16PM

@RedneckHB said:

@softparade said:

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

lolz you come at me with a fertilizer "chart" and say this about baseball cards? Hahahahahahahah I know more about fertilizer than you do cards obviously, SON. hahahahah

A fertilizer chart in precious metals. Ahhhhhhhhhhhhhh hahahahahahahahahahah

Forgive me. I thought BS was something you could relate with.

Oh, and it’s the Prez who seems to have an infatuation with paper clips.

Nah, he seems to be more infatuated with “ Having The Floor ”. Just what I’m looking for. What’s your guess where the floor is ?

RedneckHB · March 24, 2026 4:10AM

@TwoSides2aCoin said:

@RedneckHB said:

@softparade said:

@RedneckHB said:

@softparade said:
lol fertilizer
I bet redneck talks about the price of paper clips over in numismatics…. Lolz

Yup. Even manure is better than baseball cards.

lolz you come at me with a fertilizer "chart" and say this about baseball cards? Hahahahahahahah I know more about fertilizer than you do cards obviously, SON. hahahahah

A fertilizer chart in precious metals. Ahhhhhhhhhhhhhh hahahahahahahahahahah

Forgive me. I thought BS was something you could relate with.

What’s your guess where the floor is ?

Where buyers and sellers reach equilibrium. Sounds glib, but floors, like ceilings, are not prices, but rather a meeting point of fear and greed, exuberance and despair.

However, it is not unusual for emotions to coalesce around a moving average such as the 50 or 200 day moving average. Or a floor can be near a point that was previously a ceiling. Charts can offer guidance.

TwoSides2aCoin · March 24, 2026 6:59AM

Well I can’t read charts or tea leaves to predict where metal will be tomorrow, but it seems the free fall and parabolic moves have settled to an area some would say is the floor right about here.
What is fundamental ?

toadstrangler · March 24, 2026 4:58PM

@TwoSides2aCoin said:
Well I can’t read charts or tea leaves to predict where metal will be tomorrow, but it seems the free fall and parabolic moves have settled to an area some would say is the floor right about here.
What is fundamental ?

For silver? The obvious industrial / mainstream product need in modern society. It's undeniable. That wasn't the case with most of our fathers and grandfather's silver. What does it mean? Pretty sure NOT $25 silver lolz... but hey, if THAT stupid crap happens, I'll drain every dollar I own to back of the SHIP

GoldFinger1969 · March 24, 2026 10:48PM

@jmski52 said:
Stanley Druckenmiller likes gold & silver, a lot.

He's liked it since 2000 and 2001. He bought a huge amount back then.

He's not buying in size here.

jmski52 · March 25, 2026 3:33AM

He's not buying in size here.

I call BS. What's your point? Unless he's your client, you have no way of knowing whether or not he's buying silver now.

carew4me · March 25, 2026 5:21AM

Silver spot running double from a year ago seems to be the worse thing to happen around here

GoldFinger1969 · March 25, 2026 9:25AM

@jmski52 said:
I call BS. What's your point? Unless he's your client, you have no way of knowing whether or not he's buying silver >now.

He said it himself when gold was $3,700.....went on CNBC's Sqwak Box and said he was not as aggressive at that level but he would buy lightly at that level. He said it ran too much too fast.

It's not my BS, it's his own words. If he wasn't buying at $3,750 heavily, he's not buying heavily at $5,000.

dcarr · March 25, 2026 3:02PM

@GoldFinger1969 said:

@jmski52 said:
Stanley Druckenmiller likes gold & silver, a lot.

He's liked it since 2000 and 2001. He bought a huge amount back then.

He's not buying in size here.

@GoldFinger1969 said:

@jmski52 said:
I call BS. What's your point? Unless he's your client, you have no way of knowing whether or not he's buying silver >now.

He said it himself when gold was $3,700.....went on CNBC's Sqwak Box and said he was not as aggressive at that level but he would buy lightly at that level. He said it ran too much too fast.

It's not my BS, it's his own words. If he wasn't buying at $3,750 heavily, he's not buying heavily at $5,000.

.

So you don't really know, you are only guessing.
What did he say about silver ?
How do you know that he isn't buying silver ?

.

derryb · March 26, 2026 8:11AM

the floor will be established when the market anticipates that the FED will drop interest rates

GoldFinger1969 · March 26, 2026 6:44PM

@dcarr said:
So you don't really know, you are only guessing.
What did he say about silver ?
How do you know that he isn't buying silver ?

I'm not guessing, those were his words. Maybe he changed his POV since but that was what he said last year.

He said nothing about silver. I don't know he is or isn't buying it -- but I suspect if he WAS buying it then, he would have said so. He and Cramer/Faber just talked gold.

I'll ask my CNBC contacts to ask him about silver next time he's on. I doubt his Family Office has a position, maybe he personally (but I doubt it).

GoldFinger1969 · March 28, 2026 12:46AM

@derryb said:
the floor will be established when the market anticipates that the FED will drop interest rates

Well, right now the market is just hoping HIKES don't happen.

TwoSides2aCoin · July 29, 2026 7:25AM

Floor !
You are Here.

Yeay. Found it.

derryb · July 29, 2026 9:24AM

Oil prices have increased, pushing up inflation and interest rate expectations. Gold prices, as a result, have been pressured.

GoldFinger1969 · July 29, 2026 7:12PM

China and the gold market going forward:

GoldFinger1969 · August 4, 2026 1:38PM

@derryb said:
Oil prices have increased, pushing up inflation and interest rate expectations. Gold prices, as a result, have been >pressured.

Wouldn't higher inflation and higher rates be the kind of instability that would move gold UP ? Classic late-1970's environment that all the Gold Bugs want, right ?

GoldFinger1969 · August 4, 2026 1:38PM

Interesting developments on the Korean peninsula......

TwoSides2aCoin · September 1, 2026 8:45AM

The floor is slippery, with oil today.

jmski52 · September 1, 2026 10:42AM

The Persian Gulf states are selling because it's a rainy day and they have to sell. Korea is buying gold for a rainy day. So Is Poland and so is Tether. China has never stopped buying gold.

Looks like the US 10-year Treasury is less and less the world's reserve currency and our foreign policy is only adding fuel to the fire.

jmski52 · September 1, 2026 4:15PM

New rounds of attacks in both directions - stock markets going down around the world. Jet fuel & diesel getting scarcer. Looks like more money creation, more inflation, more debt, higher prices. Seems like a good time to reverse course in many ways - but it ain't gonna happen.

RedneckHB · September 1, 2026 7:10PM

@TwoSides2aCoin said:
The floor is slippery, with oil today.

Retail diesel going to $6. Whoohoo!!

RedneckHB · September 11, 2026 4:17AM

@RedneckHB said:

@TwoSides2aCoin said:
The floor is slippery, with oil today.

Retail diesel going to $6. Whoohoo!!

Yeah baby!!

https://www.fox44news.com/news/business-news/ap-us-diesel-prices-soar-to-new-record-of-6-a-gallon-deepening-strain-for-hauling-everyday-goods/
>
>
>
Heating oil--from which diesel is derived--has now gone up in price more than silver over the trailing 12 and 24 month time periods.

Just in time for winter!!! Hopefully El Nino provides some moderation.

blitzdude · September 11, 2026 3:10PM

@RedneckHB said:

@RedneckHB said:

@TwoSides2aCoin said:
The floor is slippery, with oil today.

Retail diesel going to $6. Whoohoo!!

Yeah baby!!

https://www.fox44news.com/news/business-news/ap-us-diesel-prices-soar-to-new-record-of-6-a-gallon-deepening-strain-for-hauling-everyday-goods/
>
>
>
Heating oil--from which diesel is derived--has now gone up in price more than silver over the trailing 12 and 24 month time periods.

Just in time for winter!!! Hopefully El Nino provides some moderation.

I saw $6.85 when passing a Pilot truck stop this morning. I know they are always high though. $6.25 at Sheetz I believe. Good times! RGDS!!

RedneckHB · September 11, 2026 4:32PM

@blitzdude said:

@RedneckHB said:

@RedneckHB said:

@TwoSides2aCoin said:
The floor is slippery, with oil today.

Retail diesel going to $6. Whoohoo!!

Yeah baby!!

https://www.fox44news.com/news/business-news/ap-us-diesel-prices-soar-to-new-record-of-6-a-gallon-deepening-strain-for-hauling-everyday-goods/
>
>
>
Heating oil--from which diesel is derived--has now gone up in price more than silver over the trailing 12 and 24 month time periods.

Just in time for winter!!! Hopefully El Nino provides some moderation.

I saw $6.85 when passing a Pilot truck stop this morning. I know they are always high though. $6.25 at Sheetz I believe. Good times! RGDS!!

$1200 to fill a big rig....and he"ll need to fillup 3x to cross country. Then another 3x to get home.

$191 to will a Ram 2500 pickup.

TwoSides2aCoin · September 11, 2026 6:21PM

@RedneckHB said:

@blitzdude said:

@RedneckHB said:

@RedneckHB said:

@TwoSides2aCoin said:
The floor is slippery, with oil today.

Retail diesel going to $6. Whoohoo!!

Yeah baby!!

https://www.fox44news.com/news/business-news/ap-us-diesel-prices-soar-to-new-record-of-6-a-gallon-deepening-strain-for-hauling-everyday-goods/
>
>
>
Heating oil--from which diesel is derived--has now gone up in price more than silver over the trailing 12 and 24 month time periods.

Just in time for winter!!! Hopefully El Nino provides some moderation.

I saw $6.85 when passing a Pilot truck stop this morning. I know they are always high though. $6.25 at Sheetz I believe. Good times! RGDS!!

$1200 to fill a big rig....and he"ll need to fillup 3x to cross country. Then another 3x to get home.

$191 to will a Ram 2500 pickup.

So it looks like we have a couple of winners for picking the floor, going into Autumn.
1) takes about monster box of rounds to fill the big rig , going round trip across the country and back. Or
2) roughly 3 ounces of silver to fill the 3/4 Ton pickup.

Congrats to carew4me and BruceS. These guys called the floor months ago.

PM me with mailing address to claim your prize(s).

jmski52 · September 13, 2026 3:20PM

I don't know why anyone really believes that there is such a thing as a floor, or a ceiling. The market is the market and it depends on the current perceptions of market participants. The market manipulators always take this into account, and so should everyone else.

blitzdude · September 13, 2026 5:37PM

@jmski52 said:
I don't know why anyone really believes that there is such a thing as a floor, or a ceiling. The market is the market and it depends on the current perceptions of market participants. The market manipulators always take this into account, and so should everyone else.

All I know is the gutter metal floor is much lower from here. RGDS!

TwoSides2aCoin · September 13, 2026 7:40PM

@jmski52 said:
I don't know why anyone really believes that there is such a thing as a floor, or a ceiling. The market is the market and it depends on the current perceptions of market participants. The market manipulators always take this into account, and so should everyone else.

It wasn’t really a belief that there is a floor or ceiling. I guess we could sell the beans before they come out of the ground. They’re pretty high. Oops, forget that…. We’ve got corn in the ground, this year…. But I appreciate what you mean. This particular thread was begun when I wondered where the ceiling was.(keep in mind , it went from $50- $122 in a few months, after going from $5 to $15 in 27 years (1980-2007) post Hunt bros., IIRC When silver was $90+ and before it shot up to its all time high a week later. It was more about finding or looking for stability, without such drastic swings. Some things in the market are a little more rational and less volatile as silver’s been. There was recently resistance at $70.,. There is plenty of support about now. A month or so ago it was mid $50’s but only for a day or so. The past week or so, it has been easier to buy and sell ( not that I don’t do same when it’s highly volatile),
Guess I could change the thread title to read “ when will the war end ?” Or: “It’s A Good Thing drones don’t need diesel fuel to delver their payload ”.

Where is the floor?

Comments

Categories