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  1. #1

    Default Wow

    wow
    Last edited by yellowsnow; 08-08-2021 at 09:24 PM.

  2. #2

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    Quote Originally Posted by yellowsnow View Post
    wow
    you can say that again.

    1650 to 1700 range next?

  3. #3

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    Wow! A whole 2.55% drop! I've lost count of the times I've seen this happen over the decades...
    Stacking since the late 1970's

  4. #4

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    The move in silver looks like more of a worry to me. Gold is a more compact form of transferable wealth & is more convenient for the big boys to play with. The big boys are in charge now & the little guy gets pushed further and further down the ladder as time goes by.

    Of course, in today's world of "supported" markets, price discovery is a farce, so anything can happen & probably will.
    Last edited by SilverPalm; 08-09-2021 at 11:46 AM.

  5. #5

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    well, im off to sell some silver, about $600 face value. i want to pay down some cc debt on some gold i just bought (type 2 proof gold eagles) from the mint so i assure you all that tonight it will jump back up just as soon as i sell. of course if i wait it will just keep dropping. i promise you my little s hitty trades always have an inverse affect on the paper markets - don't ask me how, it just always works out that way. lol. f ucking paper pushers!

  6. #6

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    Aside from "manipulation", "naked shorts", "Epstein/Mcafee must have just cashed out" & "banksters", does anyone here see any specific likely reasons for the recent spike down? I'm not seeing moves in equities nor currencies that are enough to explain it. Usually I see a plausible reason somewhere. I'm not seeing the usual balancing effects in other sectors at this time, & gold/silver moved in lock step, so I'm thinking that I likely missed something.

  7. #7
    Join Date
    Aug 2021
    Posts
    2

    Default

    Quote Originally Posted by SilverPalm View Post
    The move in silver looks like more of a worry to me. Gold is a more compact form of transferable wealth & is more convenient for the big boys to play with. The big boys are in charge now & the little guy gets pushed further and further down the ladder as time goes by.

    Of course, in today's world of "supported" markets, price discovery is a farce, so anything can happen & probably will.
    gold price is just unpredictable and so much liquidity are dumped into the system every second

  8. #8

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    Quote Originally Posted by Lawrence View Post
    Wow! A whole 2.55% drop! I've lost count of the times I've seen this happen over the decades...
    yes, but this one isn't a correction off its peak, and a general expectation POG should be heading up with biden accelerating spending even higher than trump.

  9. #9

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    In IMHO we have 6 months to a year before shtf and I have never been one for predicting the future...nothing going on is sustainable and inflation along with diluting our already fiat currency will be the end...I've been stacking for years and been investing in crypto for awhile but I think we're all screwed...putting my business and shop/ office up for sale and going to do some fishing... not chicken little but I lived through the Carter days and I think the sky is falling with 3.5 years left with Biden ...we're all going to miss Trump with his Twitter finger

    ..

  10. #10

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    Quote Originally Posted by dirtdigger View Post
    In IMHO we have 6 months to a year before shtf and I have never been one for predicting the future...nothing going on is sustainable and inflation along with diluting our already fiat currency will be the end...I've been stacking for years and been investing in crypto for awhile but I think we're all screwed...putting my business and shop/ office up for sale and going to do some fishing... not chicken little but I lived through the Carter days and I think the sky is falling with 3.5 years left with Biden ...we're all going to miss Trump with his Twitter finger

    ..
    Not missing trump one bit...in fact, the entire country is more at 'ease' mentally w/o the daily tweets, the bashing, the hatred etc..... now, even with him, or any president...we are in for a ride just because the way the world has played itself out economically. China is in control now, no less a fact than when America displaced Great Britain. So blame China if anyone. Biden is only doing what trump started with free give-aways, and this will continue long after Biden, regardless of who is in office.

    I am approaching retirement and am scared of what money I have will only be lessened by high inflation etc that we are going into on a global basis. I am reminded of reading an article in some magazine of the 1950's where it touts some insurance annuity and how you will be safe for your golden years as this annuity will give you $200 a month. You have it made!!! So, given the money that any of us have 'now'....what will that look like in 5 years or 10 or 30? ....

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