Want to here your opinion
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (45)
sorted by:
Everything MAY be going to shit...
They blame the drop on the new Fed chair - Dollar goes strong, historically PM suffers...then they say it's "profit taking" - as if every major investor is taking a profit ALL AT ONCE...
I'm not buying it... I AM buying more PM right now today.
EVEN IF we hit hyper inflation or it drops to $50 - the writing is already on the wall...gold and silver are money - everything else is credit.
Don't sell your stack... When the new system comes around you'll still hold "real"
This reeks of an orchestrated move of desperation, in an attempt to try and sway the resolve of those holding precious metaks right now.
Maybe it'll shake retail...
But they're WAY overboard on short sales and they're fighting to try not to get wiped out....
Here's the Shanghai price right now, BTW in USD: $122.xx
https://metalcharts.org/shanghai
I hope it does drop further, because I need to stack more and the only reason you'd worry about a price drop is if you're planning to sell. BUY THE DIP AND SAVE, FOLKS.
I have reinforced gauntlets on my hands made of silver.
83 we turned a corner,banks will be buying back,after they pushed people out.
Seems to be that way....It's end of the month - they jacked up the buy in again and I guess their shtik is to squeeze out the little players and take their lunch...
The arbitrage with Shanghai tho...Like $30-40 - Less now looks like it bounced back around $85 right now
Nothing has changed long term.
They are still,short of shiny.