Bullion retail market (LCS news/reports/commentary)

[nickndfl]

I am not celebrating $2500 gold. I would pop the champagne if platinum hit $2500 instead.

 

[searcher]

Gold +$2,500 as Mexico Threatens to Kill Mines​

In almost all markets, the Friday closing price is typically the most significant price point of the week.
The reason for this is multifold.

One is simply weekly price chart candles. Think about it: traders worldwide finally get enough time outside of normal trading hours on quiet Saturday mornings, for instance, to look around financial markets for trading ideas and or markets that illustrate a potential move up or down soon.

Here's a year-to-date weekly price chart for how gold closed this week.
Looks like a bullish breakout, no?

Gold just finished its fourth consecutive all-time Friday high price close in fiat US dollars.
Passing and closing above the psychological $2,500 oz price point and doing so out of the congestion zone gold has been trading in the last few months will surely catch increasing attention from traders worldwide.

Watching the spot gold price trade today, the current levered gold longs seem pretty savvy judging by how $2500 spot gold was slowly inched up to and patiently methodically passed on the close over the day. It seemed professionally executed.

Add on the fact that Spot Gold tends to front-run fiat Fed rate cuts and next week's Jackson Hole major central bank meeting in Wyoming.
Gold has the potential for some real action and price volatility coming up to close Q3 in Q4.

Bloomberg Intelligence's senior macro strategist Mike McGlone is still out here banging the table on a not-too-long-from-now gold price target of $3,000 oz, but more important are some of his reasons.

Have a look and listen.
Volatility could push gold to $3,000 per ounce: Strategist • Volatility could push gold to $3,000 ...

The spot silver and gold markets traded up through the week with a solid close, respectively.
The spot gold price finished at $2,506 oz bid, and the spot silver price closed at a $29 oz bid.
The spot gold-silver ratio fell slightly on the week to a still historically high level of 86.International Banker Silver Demand 2024 vs Price: https://internationalbanker.com/broke...

That will be all for our weekly SD Bullion Market Update. And as always, take great care of yourselves and those you love out there.


15:05

 

[nickndfl]

The velocity of the gold market is increasing. In a few more weeks they are getting ready to from $300b to $1.1t into the money supply. That will juice everything, but if Trump wins they will make him the bagholder. There will be an instant recession declared 30 seconds after he is sworn in even though we have many symptoms of one for months.

 

[nickndfl]

Cock-a-doodle-do

 

[Someone_else]

Those are beautiful. Restrikes?

 

[nickndfl]

No, they are 1908, 1914 & 1919. IMO the best value fractional circulated sovereign gold coin you can buy. Sometimes they are spot + $10 with .1867 oz. total gold content.

They are made in many different countries from France, Switzerland, Italy and many others. Very interesting trading bloc with common weights and measures.

Austria also made a 20 gold franc/8 florin .1867 gold coin, but they are better know for ducats which had slightly higher gold content for comparable sizes.

You can go up and down the scale, but this size around a US Lincoln cent seems to be the best value in a small gold coin.

It must have been a fascinating time to live in the late-Victorian period to the beginning of the Great War and the fall of all the monarchies.

 

[searcher]

Rate Cuts & The Mechanics Behind $400 oz Silver Price Targets​

14:45

It's Jackson Hole week, and the fiat Federal Reserve has announced its next rate-cutting cycle pivot.

Fiat Fed Chairman Jerome Powell cites rising unemployment as a critical reason for kicking off this cutting cycle. This same week, the US government data-rigging Bureau of Labor and Statistics admitted they have recently overstated US job growth this year through March 2024 by nearly 1 million phoney job hires. This is the largest job rigging number admittance since we were at the heart of the Global Financial Crisis stock market bear bottom in March 2009.

How large will the first rate cut be on September 18th? Hard to know.

What we do know is that the last two times the fiat Federal Reserve cut rates to address escalating unemployment numbers, the US economy experienced deep recessions and massive stock bear market crashes in nominal terms and in terms of valuations versus silver and gold, respectively.

Both the 2000 stock bear and the 2008 stock bear cycles were followed by massive spot price and relative valuation rallies for silver and gold.
The spot silver and gold markets traded up to close on the week's ending news of the fiat Federal Reserve's interest rate cut cycle pivot.
The spot silver price closed just under $30 oz.
I wonder how long it will take China to blow through the old Rostin Behnam TAMP line again.
Perhaps early next week?
The spot gold price closed the week again above $2500 oz.
The spot gold-silver ratio fell to close the week at a still-high level of 84.

Bloomberg Gold Silver Ratio Clip • Why is the Gold-Silver Ratio Peaking?...

The aggregated shadow eastern price for silver since 1970 has recently ballooned to nearly $400 oz.
This is the same price chart but in logarithmic format, so we can see the black intra-COMEX silver hours starting all the way back in 1970 at $1.92 and 1/2¢ oz for silver.
Remember that number; it will help explain how the silver market eventually comes back into equilibrium.
Since 1970, starting at $1.925 oz, the silver price within COMEX has dwindled to 15¢ oz over the last 54 years.
You might need to pause and listen to that again. It is the most crooked COMEX market, and that's saying something.
But there are eras when silver future long betters do, in fact, win versus the COMEX silver shorts, and this blue line runs up a wall.
It all started in 1970, at the starting line of $1.925 oz for silver intra-COMEX hours.

My contention is that when this repeating phenomenon reoccurs, it will be likely at or near the peak of the coming silver bull market mania. It will most likely be at multi-triple-digit per-ounce silver spot price points where the Eastern blue and red spot price lines converge for the fifth time, many years and multiples in price from where we are now.

That will be all for our weekly SD Bullion Market Update.
And, as always, take great care of yourselves and those you love.

 

[searcher]

Gold Price RECAP August 26-30

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue to into the future.

goldprice.org

 

[searcher]

Silver Gold +20% YTD | More Bullish Factors Building​

The spot silver and gold markets traded down on the week.
The spot silver price sold off hard to close trading today, finishing below the $29 oz bid.
The spot gold price still managed to record its highest monthly price close, settling above $2,500 oz for the week.
The spot gold-silver ratio ballooned back to 86 on silver's relative price weakness to gold over the week.
This week, Goldman Sachs, BASF, HSBC, and ICBC Standard Bank out of London made a Platinum and Palladium price-fixing lawsuit settlement of a slap on the wrist of $20 million.

The price rig lawsuit occurred from the start of 2008 through nearly the end of 2014. This latest admitted precious metals price rig was during the twice-daily platinum and palladium "fixings", with the four guilty financial institutions sharing customer data, front-running expected price moves, and placing bogus "spoof" orders, which enabled banks to avoid losses on "short" positions they maintained in futures markets.

Similar price rigging data points to gold and silver prices being consistently rigged over a similar historical timespan. This data from 2006 to 2012 shows how the intraday gold price was consistently rigged lower during the London AM & PM fixes over those years as well.

The last 24 years of data throughout this 21st Century suggest similar price suppression programs are still active, though perhaps not as effective as they once were.

Looking back at the Palladium market during the settled lawsuit timeline illustrates what eventually happens to an artificially suppressed market. Eventually, they run into physical shortages, and the spot price explodes to eventually find a much higher equilibrium or price balance. Palladium, for instance, ran from a $180 oz low in the 2008 GFC to a price spike high of $3,400 oz by the start of 2022.

In another piece of circumstantial evidence of a potential recession underway, Goldman Sachs announced this week that it would be cutting 1,300 employees, or 4% of its overall staff.

Stick around; on the other side of this break, we will run through the week's most interesting news in the silver and gold markets. And why many fundamental reasons cited are having analysts call for higher spot silver and gold prices through the close of 2024.

That will be all for our weekly SD Bullion Market Update. And, as always, to you out there, take great care of yourselves and those you love.


10:55

 

[searcher]

Originally from Sept 2022.

Nothing to see in this one. Can listen in one tab, play around the forum in a different tab. It's an interesting interview in my opinion.

Revealing Interview With My Bullion Dealer...IS THIS REALLY WHY PEOPLE ARE STACKING GOLD & SILVER?!​

Sep 2, 2024 #Silver #Gold #Interview

In a rerun of a revealing interview with my bullion dealer, I talk with Tim Marschner of the Coin and Stamp Shop on a variety of topics that gold and silver stackers will find fascinating. We discuss his personal background growing up as a coin collector, the untimely loss of his wife, and how he ultimately became a successful coin shop dealer. Business has been booming for Tim--especially with gold and silver bullion--and you'll find out why! We talk about the state of coin collecting and stamp collecting and whether they are both dead hobbies. I ask Tim when “stacking” really took off at his coin shop and why he thinks the reason is fear of the future! Do you agree? Is that really why people are stacking gold and silver? Tim also shares some important tips for those just starting their silver and gold stacking journey. Watch and learn! Protect yourself from out-of-control governments, evil central banks, and the failing US dollar's grip as the world's reserve currency. Make sure you build a stack of silver rounds, silver bars, silver coins, and gold coins as essential barter and wealth preservation!


23:15

Part 2: • Bullion Dealer goes OFF on Government...
Part 3: • Bullion Dealer Warns "Major Upheaval"...

 

[nickndfl]

The thing is if the stock market has a severe crash the whole house will fall down. Even if they pump up the liquidity currency won't buy anything.

 

[searcher]

Gold Price RECAP September 2-6

Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets— and may continue into the future.

goldprice.org

 

[searcher]

Silver Already Near Record Price Highs Down Under​

The spot silver price sold off on the week, finishing just below the $28 oz bid, while the spot gold price sold off slightly to finish the week's trading price just under $2,500 oz bid.
The spot gold-silver ratio rose again, this time due to silver's relative weakness versus gold, to a historically high level of 89.
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.


15:21

- Why Is Falling Inflation Boosting Gold? | Presented by CME Group • Why Is Falling Inflation Boosting Gol...
- Win 500 Silver Coins – enter here: https://SDBullion.com/sweepstakes

 

[searcher]

ALERT! Silver Price EXPLODES! Gold Reaches NEW High! Here We Go!​

Sep 12, 2024


12:20

 

[searcher]

Bullion Dealer Warns the Economic Ramifications Are WORSE Than You Can Imagine. "IT'S HERESY!"​

Sep 13, 2024
In this video excerpt from my recent Ask Yankee live stream, my bullion dealer Tim Marschner of The Coin and Stamp Shop claims there is bad news on the horizon. He also says the ramifications of Kamala Harris's tax programs, price controls, and wage controls are much worse than one can possibly imagine. He says it's "Heresy"! Tim also says that it's been "crazy" with people buying and selling gold and silver in his store. Do you agree that set the price of gold to deter people from purchase precious metals? Watch as we warn of the possible end economic liberty! Do you feel you have no liberty in either party?


8:35

 

[searcher]

BRICS Openly Discuss 40% Gold Tied Trade Settlement Unit​

A scorching close into new record high prices for gold this week, not merely in the USA but in most major economies around the world. Take a look for yourself.
The spot gold price closed just under $2,600 oz on the week as the spot silver price popped higher, closing the week at $30.70 oz bid.
The spot gold-silver ratio fell on silver's relative strength versus gold to a still historically high figure of 84.
Let's see what kind of follow-up the two precious metals have in the coming expected first fiat Federal Reserve rate cut next week.
That is going to be all for this week's SD Bullion Market Update.
As always to you out there, take great care of yourselves and those you love.


8:48