gold pricing.

[Lowdown3]

Pop the cork boys, looks like that 1993 prediction by the precious metals industry will finally come true, even if 33 years late!

• Gold
  
  $4,638.70$34.60 0.75%
• Silver
  
  $92.66$5.01 5.66%

[rockriver]

concern...
last night 2:00 - 2:30 a.m. i couldn't sleep. came to computer. youtubes, games. websites.
checked silver. sd bullion showed silver at 88. something... shock....
then shortly climbing up 89.++
right now showing 90.37 down 3.29..... i'm not sure when they restarted the clock... xx- and/or xx+ ??


i saw the same thing happen a month or so ago... i thought i had posted it on this site.. couldn't find the post?

having seen this happen in the middle of the night twice...
my suspicion.
big silver buyers/sellers (banks, gillionaires, brokerages?)
were holding futures contracts where they were losing big $$ (i don't understand futures contracts. if someone wants to explain in detail i'd appreciate it!)
then in the middle of the night when most traders are asleep and off work, they .coordinate buying or coordinate selling at high prices or low prices.
this coordinated effort when decent folks have gone home, is enough to shove the price of silver. then... once they've moved the price down,
they can jump in and buy enough contracts at the lower pricing to help offset their losers and save them gillions of dollars.

i think it worked, but this a.m as the business world wakes up in london and new york, the underlying forces that are forcing silver up resume the upward push.

my conspiracy tendencies at work !!

edited to add.... after typing the above i checked again... silver 88.68 !!

[Lowdown3]

Ironic given the source... but here's an old article about "manipulation" in silver prices-

https://www.jpost.com/business-and-innovation/precious-metals/article-841644

$100. spot is likely a psychological spot for a lot of folks. If there is manipulation it's likely to keep it under that for a while so big banks can sell before it hits (some) of the common folks that is a crazy run and MAY not continue.

I'm reminded of the many dunskies I know that bought chipboard McMansions in Florida that told me how "prices always go up on houses" not long before Housing Bubble 1.0.
I wonder how many semi-normal types have jumped on the precious metals bandwagon? Kinda like the "oh da noes there is a hurricane coming buy a generator" and then months later sell said generator at a loss..

[rockriver]

if anyone is heading to perry show, friday or saturday and want to meet, give me a shout message. admission is free!
bad weather is possilbe that might limit the attendance... maybe some bored seller(s) will put out the saturday blue light discount sign!
and
silver is past my $5.00 increase... 97.00 today. gold .... 4967

who would have thought it!

taking a few shiney's to sell, to hopefully sell (or trade) to have some frn's to spend!

[prc-104]

Just a thought,
Now is the time to buy and hold, not to sell.
Interesting point this the Gold law to turn in your gold was never rescinded, it was only ignored. They can still confiscate your gold ... again.
NOW, there's a silver law rolling around the house and senate.
Be alert and aware.
Remember, the gold they stole was American coinage.
Maybe the silver act will be the same and might include all pre 64 coins.
I knew a grandfather in Ohio who buried his gold coins.
Later would periodically drive to canada and sell some for $us dollars. Smart fella!

[rockriver]

coin show report from middle ga.
all gossip ---
dealers have been proud of their silver eagles in the past. plus they wanted to buy them... not today. with silver at 100+ the dealers don't want to buy and be stuck with product should the market for silver crash. the biggest dealer in the room is famous for paying fairly for product which commonly is sent off to refineries.. today, he is offering way under spot because he has nowhere to send the product... his refineries aren't taking product. refineries have too much inventory to process.
this situation is common across the country. silver prices should be temporarily dropping.. nope.. silver was just over a 100 this morning. and 102 by the end of the day!
the best value i saw was
90 % coins.
example silver dollars which are about 78 silver value could be bought for 65-68
.50 coins could be bought for 32 to 36.

there were a few folks who appeared to be business owners... who were first time buyers.. quietly buying up thousands of $$ in silver. my contact to them said they were very worried about national financial situation.

seems strange to spend 35$ for one fifty cent piece.

one associate took some silver american eagles to sell. spot silver was 100. beautiful/graded/encapsulated ms 69 and ms70 eagles. made with one ounce of silver were being offered $90
dealers scared.... glad that their inventory went up in value. but it was hard for them to pay these prices.

btw, if you get hungry near perry, stop in at oil lamp restaurant. been there a long time... food portions are about double over common portions. lots of "healthy sized" fellas in there.
about a mile from the ag center!

i need to get my posterior home and prep for cold weather!

[rockriver]

holy shmoley (i started to delete the holy part... but decided not to as i think there are spiritual ramifications to what is going on)


silver 116.
gold 5155

[rockriver]

can you sell at these prices?

with the uncertainty (best word i can think of) i saw at the perry coin show last weekend) of dealers.
and the (laughing) reluctance of my bride for us to part with hard earned $$ for a few coins,
she let me know we needed to leave and that buying silver dollars at these prices was not a proper expenditure of our money!
and even though prices have escalated in just 4 days, i began to wonder what would big dogs pay for coins.

one internet dealer sd bullion posts their figures for folks who want to sell to them.

https://sdbullion.com/sell

2 examples
silver eagles 112 with silver at 118
silver dollars 70 " (and the pictures they show of silver dollars are not pretty coins)

there are comments you will see that to get these amounts you need to be selling certain amounts.
but it still shows a validity to the pricing...

folks, one thing this has done is raise my concern for the stability of the american dollar and overall financial system that we live/work in.
if you have any thoughts or insight on the end game. holler.

[prc-104]

You said :raise my concern for the stability of the american dollar and overall financial system that we live/work in."

Same here

[rockriver]

someone tell us what happened today...??

[prc-104]

I'm a nobody but I think what happened is the BIG boys are scared and desperate to keep au& ag down "like they always did" so ....this is more manipulation and it's isn't going to work.

massive drops followed by massive rises, again and again.

I suspect they make the push to drive prices down and THEY BUY while it's down, then the reality market goes back up again.

My best guess is the drop of all the fiat currencies will continue as the price of AU and AG will continue to spiral up for a long time.

Sad "best guess" but it is what I see. Dare I say "weimar, germany"?

[prc-104]

Not my idea, merely passing along a concept given by someone whose opinions I trust.
YMMV

What you are seeing in price action right now is not the true value of gold and silver — it is a controlled distortion designed to force weak hands to sell before supply disappears.

If you hold physical gold or silver: do not sell.
You are holding the insurance policy for what is coming.


Every major signal I track — from sovereign debt, currency swaps, military logistics, to metals deliveries — is flashing red. Once the public realizes what is happening, physical metals will not be available at any price.



ALSO DONT WORRY WHEN GOLD VACUUMS DOWN TO 3800.00 PER OZ AND SILVER HITS 60.00 PER OZ -THIS BEING DONE INTENTIONALLY TO GET ALL PEOPLE WHO HOLD PRECIOUS METALS TO SELL. ONCE THESE PRICE LEVELS ARE MET, THE SAUDI'S, RUSSIANS, AND CHINESE WILL STEP INTO THE MARKET AND BUY ALL AVAILABLE GOLD, SILVER PLATINUM AND PALLADIUM—YOU'LL NEVER BE ABLE TO GET PMS AT ALL.

Guess we'll see what happens.
Still, IMHO, silver and gold are like guns. Guns are for buying, not selling

[rockriver]

thanks prc.
i vote with your "someone"

but it's a tough road!