Silver down another 5.8% today

[1Admin]

7/14/22

And gold down a good bit, dropping near $1700. an ounce.

Will look to add some soon as prices get a bit lower.

Also will be a good time to look at cheap mining stocks like

AUMN

ASM

Consider 10,000 shares of AUMN at $.25 a share sold at $.35 a share is about $1000. profit.

AUMN has seen lows in the .19 a share range and highs well over $1. in the last 10 years I've been tracking and trading it. Doesn't mean it couldn't go lower than that however... YMMV

[Patriotic Sheepdog]

Thanks...will give them a look

[prc-104]

So typical
AU and Ag prices get slammed hard before a severe market drop.
My "guess" is lots of fast movers keep a solid portion of AU & AG to cover their butts when they get bit by having to cover their shorts so they dump their AU & AG in a panic.
That's my AMATEUR guess.

[rockriver]

i know nothing of the silver or gold stocks.
---
i have been saving for the physical... hoping to get a few silver coins and planned to get the rounds. reducing the premium!
spot dropped to 18+ and i figured it was headed to 15 or 16 and that i'd buy at that point.
well, i figured wrong...

what say yall?

[1Admin]

Well thankfully inflation isn't a worry like Xiden has stated, so that means silver should be about $10. soon and gold about $1000.

Holding breath..... LOL

[prc-104]

<grin> When you turn BLUE, breathe again and hold it.
REPEAT the above.

Wondering if 1928 pre=depression had internet if we'd been seeing the same comments.
suspect it would be so.

[Patriotic Sheepdog]

The over spot is what is causing the price to be high right now...

[GDI MCV #320]

Silver is artificially deflated to maintain control over gold, and the fiat currencies that ultimately base their value on gold. Looking at the history of silver's value and it's rate of trade compared to current currency values shows the artificial deflation. Now that the crimes of the banks and Obama's administration cannot be ignored, with no more shell game to play to hide the "unpaid credit card bill" of massive inflation caused by the theft, it's value will be crushed all the way to the first nuke use and next bioweapon release. The ultimate goal of the banks and their "WEF" mask, is cryptocurrencies. Money with a kill switch and an expiration date so you can't save up, and tied to a "socialist credit score" modeled on the experiment run in the CCP. No extremist actions like viewing the "wrong" news sites or stating the "wrong" opinions or facts, or have your "money" cut off, as well as ability to travel and food rations.

Did I mention the banks are attempting to use caloric rationing as currency? As in you plan your day around how many calories you expend before you faint from starvation.

Search youtube: http://youtu.be/N0sNB8uWAUsA day in the life

Hold on, there is someone at the door. He says he is from the IRS and I didn't file something and

[Patriotic Sheepdog]

GDI MCV #320....I agree with what your are saying except for the cryptocurrency part. The current crypto's like Bitcoin, Helium, Kadena, Etherium, etc are decentralized cryptos. WEF, Central Banks, IMF, etc., want centralized crypto(s) that they can control. They want their own, or several, that are centralized that can work together, but all can be controlled. They can take taxes out, they can "work in inflation", they can "allow or disallow" you access to YOUR money based on your ESG score whenever THEY want and without your notice. They will be able to see everything you buy or want to buy...guns, ammo, porn (for some people), meds (even OTC meds). Everything will be linked together. So, Mr Smith, see you are buying a lot of advil over the last two months, you need to see your doctor and your health insurance is going up. Or, buying Saw Palmetto pills, do you have a prostate problem? Or, saw you purchased your second 20# bag of rice in the last two weeks, you will not be allowed any more rice for another 60 days. These days are coming....look at what is happening now.