Bullion retail market (LCS news/reports/commentary)

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

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

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
 
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.
 
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.
 
Last edited:

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.
 
goldprice.org

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 goldprice.org
 

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
 
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"...
 
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.
 
goldprice.org

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 goldprice.org
 

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
 

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

Sep 12, 2024


12:20
 

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
 

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
 
goldprice.org

Gold Price RECAP September 16-20

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 goldprice.org
 

Gold +$2,600 oz | India Imports Massive Silver Gold Tonnage​

The spot silver and gold markets rallied through the close of this week's trading.
The spot silver price closed just over $31 oz while the spot gold price finished the week above $2,600 oz for the first time ever.
The spot gold-silver ratio actually went up one to close at 84 with gold's strength at the close of this week.


12:27

Win 500 Silver Coins, enter here: https://SDBullion.com/sweepstakes
 

Silver Set to Soar as Western Investors Stay Sidelined​

The spot silver and gold markets were both up on the week with what appeared to be some profit taking to close the trading this Friday.
The spot silver price finished at a $31.61 oz bid with the spot gold price closing at a $2,653 oz bid on the week.
The spot gold-silver ratio finished at 83, and we'll continue monitoring the spot GSR to see if the lower 80s and high 70s come back as technically that appears to be coming.
That will 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.


15:00

Win 500 Silver Coins, enter here: https://SDBullion.com/sweepstakes
 
Tim has some interesting peeps and discussions in this one. Worth watching.....imo. 21 mins long.

Dealer Sells Stacker His LAST GOLD COINS Before He LEAVES THE US FEARING FOR HIS LIFE!​

Oct 2, 2024

In this video my bullion dealer is surprised by a seasoned stacker buying his last gold coins before he leaves the US fearing for his life. Tim Marschner of The Coin and Stamp Shop listens to this new expat as he explains his concerns and why he's converting his silver to gold. He also asks Tim what gold he should buy to permanently leave the US for a foreign country. Do you agree with this stacker's reason for leaving? Do you think he's wise to be converting his silver to gold coins? Tim and I also talk with other customers looking to sell their silver to pay taxes and evaluates many pieces of sterling silver from one stacker who buys his precious metals at yard sales. This discussion leads to interesting theories about the upcoming US Presidential election.

 

No End in Silver Market Deficits Anytime Soon​

The spot silver gold markets traded and closed in mixed fashion this week with more relative silver strength than gold.
The spot silver price finished above the $32 oz bid, while the spot gold price closed just over the $2,650 oz bid.
The spot-gold-silver ratio dipped to 82.
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.


14:45
 

Dealer Warns of a "Dark Money" Threat to America...THE GLOBALIST'S PRIZE IS THE US DOLLAR!!​

Oct 7, 2024 #Silver #Gold #DollarRisk

In this video my bullion dealer warns me and those in his coin shop of a "dark money" risk threating our country by corrupt politicians, the World Economic Forum, and billionaire globalists. And the prize is the US Dollar! Tim Marschner of The Coin and Stamp Shop meets Czech Stacker--a wonderful Youtuber in our gold and silver stacking community--and answers his probing question: "Should I wait to buy gold and silver?" It's a question many people looking to buy precious metals ask all the time...especially with the spot price of gold breaking all-time record highs. Will the uncertainty in the next few months be good for the price of precious metals? Will silver outperform gold soon? Czech Stacker shows me his 2024 stacking goals, talks about the gold to silver ratio, and reveals his expectations with the spot price of silver and gold ahead of the US Presidential Election. Do you agree with Tim's predictions? Do you think we have a "dark money" risk building in our economy?


16:25
 

GOLD IS ASSERTING DOMINANCE​

The spot silver and gold markets had a mixed week in fiat US dollars given its recent relative strength versus other also further devaluing fiat currency units.
Both spot prices fell midweek only to rally into the week's closing price trades.
Spot silver finished just over $31.50 oz bid and the spot gold price closed just over $2,650 oz bid.
Gold's relative strength over silver this week pushed the spot gold-silver ratio up to close at 84.
That will 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.


11:56

Win 500 Silver Coins — Enter here: https://SDBullion.com/sweepstakes
 
Opinion piece. Take it fwiw and dyodd.

Bullion Dealer Warns “WE CAN’T SURVIVE THIS!” Metals May Rocket Up… 🚀​

Oct 14, 2024 #Silver #Gold #Economy

In this video my bullion dealer reveals the future of US dollar and economy after the presidential election. Tim Marschner of The Coin and Stamp Shop sells some gold and silver to a brand-new stacker and explains the different types of silver to buy. The discussion starts with a dire warning over billionaire elite running the country and the risk of hyperinflation, federal deficits, national debt, and a central bank digital currency (CBDC)! If things don't change, will people have enough currency to still buy real-money gold and silver? Watch and find out!


12:05
 

Silver Dealer Agrees💯with Elon Musk's Shocking X Post! 💀💵💀​

Oct 16, 2024

In this video my bullion dealer and I break down Elon Musk's recent X post and discuss everything from immigration to the economy and precious metals. Tim Marschner of The Coin and Stamp Shop joins me in studio to explain the big risk of hyperinflation, federal deficits, national debt, and a central bank digital currency (CBDC)! Do YOU agree with Tim that the US Dollar won't make it four years with a Kamala Harris presidency? That Gold is now a hedge against the apocalypse?


13:21
 
Only online deals I see other than new customer spot promos are 1oz Krugerrands for spot + $25 @ Bullion Exchanges.

Vermillion in Tampa has some deals, but you need to walk-in or call.
 

ALERT! Silver Price EXPLODES Near $34 Gold Over $2700! Serious Situation On hand!​

Oct 18, 2024 #silver #gold #preciousmetals

Silver price skyrocket! Gold has broken another record. In this video, I discuss today's huge move in gold and silver prices and why it occurred. I also discuss a MUCH more serious matter at the end of the video. VERY IMPORTANT:
Here's the link to the video I referenced: • Absolutely dire information for Ameri...


14:55
 
goldprice.org

Gold Price RECAP October 14-18

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 in the future.
goldprice.org goldprice.org
 
I need a pullback to purchase some index ETFs.
 

Silver Breaks Out Over Gold, LBMA $45 oz by Next Year?​

The spot silver and gold markets both ran higher this week.
The spot silver price closed over $33.71 oz bid and such strength suggests there will be more to come.
The spot gold price finished the week priced over $2,721 oz bid.
The spot gold-silver ratio plunged on relative silver strength over gold today, marked down to a still historically high level of 80.
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.


12:32

Win 500 Silver Coins — Enter here: https://SDBullion.com/sweepstakes
 
I always enjoy Nick's vids. Haven't watched a bad one yet. This one has a clip of Vermillion in it.

Huge Silver Price Breakout! Is This The Start Of A Big Move?​

Oct 19, 2024

The price of silver made a huge move on Friday breaking out above the previous resistance to the highest price since 2012. Is this the start of a huge move in the price of silver? Will silver now catch up with gold to surpass the inflation adjusted price from 2011 of $68 an ounce?
I have been a disappointed hold of silver for close to 20 years as it has not kept up with inflation like gold has. Friday's price action of blasting almost 7% higher right through the long term resistance has given me some positive hope that silver could try to catch up to gold.
If this is the start of a big run in the price of silver, pay attention to signs of a top, because when silver turns, if can go down very quickly like in 2011. Have a plan in place of what you will do with your silver if the price reaches your target or if the gold silver ratio gets low enough. In 2011 the gold silver ration hit 32. Today the GSR is still at 80. At what level of the gold silver ratio should you trade your silver for gold?


13:46
 

America's Gold & Silver were ROBBED before...Bullion Dealer Asked, COULD IT HAPPEN AGAIN?!​

Oct 23, 2024 #Silver #Gold #Confiscation

In this video my bullion dealer discusses the gold and silver confiscation executive orders in the 1930s with a gold and silver stacker in his shop. Tim Marschner of The Coin and Stamp Shop talks about why the United States left the gold standard and turned to fiat currency. Do you think a modern silver and or gold confiscation is possible? Is a confiscation of physical precious metals by our government likely? Watch as this avid stacker buys several gold and silver coins as a hedge against our out-of-control government, evil central bank, and the failing US dollar as the world's reserve currency. Do you agree with this stacker's reason for exchange his currency for precious metals? Tim also warns his viewer about the upcoming US Presidential election.


14:01
 

All Roads Lead to Inflation | Silver Outperforming Gold Soon​

So that happened this week to US Treasury head Janet Yellen.
A quick snippet from my interview two days ago, last Wednesday, Oct 23rd, with Dale Pinkert of FOREX Analytix.
Full link in show notes below and on my Twitter X feed @JamesHenryAnd

James Anderson is looking for the spot Gold Silver Ratio to trade in the 60s this run. ForexAnalytix interview from Wed., Oct 23, 2024 • FACE Interview OCT 23rd 2024. James l...

The spot and silver and gold markets were a mixed bag this week, with silver nominal price levels not seen since late 2012.
The spot silver price closed just under $34 oz, and the spot gold price closed at a still strong just under $2,750 oz bid.
The spot gold-silver ratio did break 80 intra-week, and revisiting this silver run towards the lower 70s, even into the 60s, is possible not very long from now.
Gold and silver are still relatively cheap.
That will 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.


17:49

Win 500 Silver Coins. Enter here: https://SDBullion.com/sweepstakes
 

India Further Flexes its Gold Silver Market Muscles​

Lots of interesting gold-related reports mainly focused in and out of London to India this week.
Repatriating 102 metric tons of her gold bullion reserves from London recently. India is also beginning to flex its growing silver market muscles as well.
This week, the silver and gold spot price markets in fiat US dollar terms were a mixed bag.
The spot silver price closed weakly, retesting to around the $ 32.50 oz mark to finish the week.
The spot gold price pulled back today after hitting another record nominal price high yesterday to close just under $ 2,750 oz ask.
The spot gold-silver ratio popped on gold's relative strength over silver to end the week, ballooning upwards to 84.
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.


18:06
 
You must log in or register to reply here.
Back
Top Bottom