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Thread: Gold Silver Ratio Discussion Group

  1. #181

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    DXY is down a point or two, but not enough to explain a 6% jump in silver. I have not figured out what the trigger for that was yet. Premiums stayed high, so it does not seem to be a re-couple of spot & retail.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  2. #182
    Join Date
    May 2013
    Posts
    1,496

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    Perhaps speculation of a topping (reversing) DXY along with technical buy orders on the comex are spiking silver today. The miners are still a bit skeptical rising less on a percentage basis than silver rather than the normal two to three times the rise in silver. Waiting for follow through to confirm a true reversal.

    Ag guy
    live for today, admit your faults, do the right thing (even if you don't want to) & trust God!
    This life is the training of the soul for the life to come. (accept that we live in a fallen world)
    Whether you know it or not, you are a spiritual eternal being! Ag guy

  3. #183

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    I should probably look at the COT reports more often.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  4. #184

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    10/14/22 8:30 am US east coast time

    Gold spot - $1,653
    Silver Spot - $18.7
    AGE - $1,849
    ASE - $34.6
    Krug - $1,750
    AG "bitcoin" round - $25.8
    1oz AU bar - $1,737
    10 oz AU bar - $17,081
    1oz AG bar - none
    10oz AG bar - $246


    Spot GSR - 88.4
    Eagle GSR - 53.4
    Low Retail round GSR - 67.8
    10 oz Bar GSR - 69.4
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  5. #185

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    10/27/22 9:30 am East coast US time

    gold $1,663
    Silver $19.6

    ASE $38
    AGE None available at Kitco, competitor price $1,875-$1,980
    Buff $1,862

    Spot GSR - 84.8
    ASE to Buff GSR - 49

    ASE premium is over $18
    Buff premium is roughly $200

    Yesterday, no ASE were available from Kitco when I looked.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  6. #186

    Default

    Halloween 2022, around 10:45 US east coast time.

    Gold & Silver Eagles are both available today, so I thought that I would lob in a quick fix.

    AU spot $1,640
    AG spot $19.25

    AGE $1,834
    ASE $37.6

    spot GSR 85.2
    Eagle GSR 48.8

    Silver buffalo rounds are around $26 with limited availability & Silver Leafs are around $28
    Gold Maples are $1,740 & Krugs are $10 less. Gold "bitcoin rounds" are about $1,750
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  7. #187

    Default

    With gold to silver ratio under 80:1, started trading back some silver for gold (purchased when ratio was 95:1 at end of August).
    “Of all the contrivances for cheating the laboring class of mankind, none has been more effective than that which deludes them with paper money.”Daniel Webster (1782-1852)

  8. #188

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    11/30/22 10:15 pm east coast US time

    AG - $22.3
    AU - $1,774
    ASE - $40.2 in quantity, (more like $43 for singles)
    AGE - $2,009

    ASE mark up nearly $18 or 80% mark up from spot in quantity
    AGE markup $235 or about 13%

    Spot GSR - 79.6
    Eagle GSR - 50

    Gold Krugs $1,870 (not quite 6% markup)
    Silver Krug $29.6
    Silver round (random) $28.2 ( a little over 25% markup)
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  9. #189

    Default

    12/12/22
    AU spot $1,790
    AG spot $23.5

    ASE $41.4
    AGE $2,019

    Spot GSR - 76
    Eagle GSR - 49

    ASE premium $18
    Leaf $34.7
    Krug $30.8
    Round $30.0

    AGE premium $229
    Krug $1,886
    Leaf $1,903
    Phil $1,890
    Sov $470 (.2354ozt au net, $1,997/ozt)

    Krug GSR - 61
    Leaf GSR - 55

    60 is my current neutral buy number. If I wanted to buy Eagles, I'd buy gold. If I wanted to buy Krugerrands, it would be a flip of the coin. If I wanted to buy a leaf, it would be silver. I see Krugs as best value here, but that's just me. In this environment, I would sell Eagles to buy Krugerrands.

    As a general note, premiums are generally high, but availability is generally good.
    Last edited by SilverPalm; 12-12-2022 at 10:40 AM.
    “The Federal Reserve is not currently forecasting a recession.”
    Fed Chairman Ben Bernanke, January 2008
    This is no longer posted in the Fed Minutes of January 2008, but still quoted here - https://www.nbcnews.com/id/wbna22592939. The FOMC minutes still quote MR. Reifschneider. as stating the same thing.

  10. #190

    Default

    In this environment, I would sell Eagles to buy Krugerrands.

    Something I should do ^^^ TY
    1835 Andrew Jackson had US debt at ZERO $0
    175 YEARS later .......
    2008 Owebama started at $10 TRILLION, left 2016 at $20 TRILLION
    So from 2008 - 2021 (13 years) added $20 TRILLION

    https://youtu.be/1kuTG19Cu_Q

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