Gold at $25000. Silver at $600.

[Declan]

I am sorry now that I banned ROC who thought I was stupid to buy at $5

 

[Declan]

50/50 that silver breaks above $50 this week and then we will be looking at at 200 to 300 in a crisis.

$600 next year

 

[Declan]

I have a feeling we are going to stall here for a while. A market mover would be the employment report on Friday but that will not be released because of the government Shutdown

 

[Declan]

It fell the minute after I said it

 

[Sound Man]

It fell the minute after I said it

If I had twenty grand now, how much gold and silver should I buy - 22 silver 8 gold?

 

[Declan]

 

[Declan]

Get 404 of these, they seem to be popular in Iteland because they are more recognized.

all silver, no gold would be my choice

 

[Declan]

Silver has made back its entire drop and much more with 5 hours of trade to go

 

[Declan]

Silver has opened on the upside. They have to hit it here or silver goes above 50 and gold above 4000 this week

 

[Declan]

 

[Mad as Fish]

From my forays into the dark depths of Youtube I note that Gold is being pushed as an investment as never before by something called The Gold Council. Even that croaky old Balladeer, Elton John, has been recruited to the cause -


View: https://www.youtube.com/watch?v=ivhARUujTw0&t=4s

 

[clarke-connolly]

From my forays into the dark depths of Youtube I note that Gold is being pushed as an investment as never before by something called The Gold Council. Even that croaky old Balladeer, Elton John, has been recruited to the cause -


View: https://www.youtube.com/watch?v=ivhARUujTw0&t=4s

One assumes that Elton John has a Gold Ring !

 

[Mad as Fish]

One assumes that Elton John has a Gold Ring !

One gathers that it is a well explored ring if nothing else, but when the Sun suggested that, eons ago, he caught them for a million good 'uns.

 

[Declan]

Can gold hold the $4000 on the near contract here. It is 4005 now

 

[willows68]

Can gold hold the $4000 on the near contract here. It is 4005 now

Yerra I'd say the genie is out of the bottle. Double it by decade's end.

 

[jpc]

Yerra I'd say the genie is out of the bottle. Double it by decade's end.

It's inflation related I think.
Be interesting to see what happens over the next few months even.

 

[Declan]

Spot silver is just pennies from breaking $50

where is @PlunkettsGhost and did he sell at 40

 

[willows68]

Spot silver is just pennies from breaking $50

where is @PlunkettsGhost and did he sell at 40

He gave up the ghost sadly. Please come back, Sir.

 

[Declan]

Why would he do that????

He disappeared from the telegram also

 

[clarke-connolly]

Why would he do that????

He disappeared from the telegram also

Maybe he was busy ( for awhile anyway ) running for President for FF ? !

 

[Declan]

Mystery solved

 

[PlunkettsGhost]

Spot silver is just pennies from breaking $50

where is @PlunkettsGhost and did he sell at 40

I did not. My mining stocks have gone ballistic

 

[PlunkettsGhost]

Why would he do that????

He disappeared from the telegram also

Very busy thinking about how to spend my metal gains

 

[Declan]

 

[Declan]

It is struggling so I might buy a few coins to assist today

 

[PlunkettsGhost]

View: https://x.com/pmclauth/status/1976276053124378909

 

[jpc]

Silver has to reach approximately 145 dollars to regain the levels of the Hunt brothers cornering the market in 1980.
A fair bit to run then!

 

[Declan]

It is being seriously hammered here now on very high volumn

 

[jpc]

It is being seriously hammered here now on very high volumn

It's over 50 dollars.??

 

[Declan]

It is crashing. But still spot is way above the near contract.
This is it, make or break

 

[Declan]

The selling has eased but there is frequently another push down in reserve, we shall see

 

[jpc]

The selling has eased but there is frequently another push down in reserve, we shall see

Nothing is going anywhere
The time for manipulation has passed.

 

[Declan]

Volumn on the contract yesterday was an least 3 times notmal

 

[jpc]

Volumn on the contract yesterday was an least 3 times notmal

Interesting times.

 

[jpc]

Big upticks today!

 

[Declan]

Make or break today

 

[jpc]

Make or break today

The question is what's going to break first.
This is fear induced.

 

[PlunkettsGhost]

Make or break today

I feel this battle might play out for a while yet, before the writing on the wall is accepted.

 

[PlunkettsGhost]

This is fear induced.

I see it more as recognition of the reality that fiat currencies always return to zero, and that we are at such an historical inflection point right now. The only question left is how much longer can a currency (The Dollar) that has already lost 99% of its spending power, really be sustainable as the global reserve?

An interesting video here:


View: https://www.youtube.com/watch?v=961OWSCX3d4

 

[jpc]

I see it more as recognition of the reality that fiat currencies always return to zero, and that we are at such an historical inflection point right now. The only question left is how much longer can a currency (The Dollar) that has already lost 99% of its spending power, really be sustainable as the global reserve?

An interesting video here:


View: https://www.youtube.com/watch?v=961OWSCX3d4

There's something big beginning to happen.
An official revaluation of the gold price?
Or as you say the fiat party’s over and people are heading out the exit.