Metals Smashed
Did anyone really think the prices were going to continue up after the jump last week?
The trade deal with Mexico was announced after the close of the market, so that takes the obvious pressure off the markets.
And gold hasn't been able to get past $1,350 for what, 6 years?! I didn't see it happening today either. Therefore, it was no surprise when the prices dropped significantly.
Buy low!
Not investment advice. For informational/entertainment purposes only. Do your own research.
I’m hoping it drops further...Buying some soon.
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Nice! Pics and tag me when it happens? :)
Sure will. :)
In the "Very Near Future"... Gold is about to do a Moon Shot, with a per ounce Melt Value of $3,500... Silver is about to head to Mars with a per ounce Melt Value of $350...
June 11, 2019...
I could see that happening. There's a lot of pent up pressure from them being pushed down for so long. The valuations won't be in dollars won't have much significance because inflation will be so high.
It was obvious to hit the futures market and slam the metals down in a low volume Sunday night free-for-all......Manipulation at it's finest.......
Yep, gotta keep those prices low so people think the dollar is still doing well. I'm surprised it has lasted this long. Glad it has though, because that gives us more time to get precious metals while they're cheaper.
There was a point where I was hoping silver would drop below $10 within the last five years or so, but it didn't. Hard to think it even would now. :)
I guess, though, it would depend on what the safe havens are, and at this point, it's hard to say it's still not something like precious metals land, or something with longstanding tangible value.
Don't overlook U.S. Clad Coinage... Silver will be $3.50 per Ounce... Not using Federal Reserve Notes, but with Common U.S. Clad Coinage, if you happen to have any... Silver will cost you $350 per Ounce if you're using Federal Reserve Notes...
June 11, 2019...
Yeah, I thought that would be great as well, but seeing as the mining cost is not much below where we're at currently, I don't think the prices will drop too much more. If they did, we could see companies suspend operations and then the supply would decrease more which would drive the price right back up.
I think physical items are going to have a lot more value at some point. There are so many derivatives and contracts out there that when it all comes crashing down, the person holding the actual item will make huge gains.
I don't know if I should be hoping for more time to get ready for such a thing, or if I should just be "get on with it." A lot of pain is going to be caused either way, so we can have lots of pain now, or more lots of pain later.