The Lunatic Fringe - Market and Trade Chat

[pmbug]

 

[Cigarlover]

Inflation ticking back up. Metals down. SMH.

 

[pmbug]

 

[dpong]

My WTT system is holding QBTS currently with a gain of +312%.

 

[pmbug]

...
As we near the end of 2024, Rick Rule joins me on the show to talk about his takeaways from this year's gold and silver rallies. As well as how he now sees the precious metals bull market evolving in th years ahead.

Although perhaps even more importantly, Rick talks about what happened with the Sprott PSLV trust in the months after the silver squeeze in 2021 when they cleared out the physical inventory in multiple cities.

You'll also want to hear about how close he feels the silver market came to breaking back then, why it didn't ultimately happen, yet whether he expects it to occur in the future (you'll be glad to watch this just based on his answer to that alone).
...

 

[nickndfl]

Silver.is making new highs in Australian dollars.

 

[pmbug]

 

[pmbug]

All markets are showing red - it's a bloodbath. Thanks JPow!

 

[nickndfl]

That's the markets giving back the Trump bump after he won the election.

Keep the 2025 faith of $3k Au and $40 Ag.

 

[Cigarlover]

The market is and has been way over priced for a long time. Other than mining companies of course. LOL. A good 20-30% correction is just what this market needs to get rid of the froth at the top. Irrational exuberance is what Greenspan used to call it.

I suspect if inflation continues to climb we will see JP reverse course and start to raise rates again. Metals will go lower. No idea where the bottom would be but I'm not selling anything.

 

[Goldhedge]

listen in a separate tab

Why Did Fed Crash Markets Today? ‘Something Is Going To Break’ | Komal Sri-Kumar​

38

 

[pmbug]

 

[pmbug]

 

[pmbug]

 

[Casey Jones]

Silver.is making new highs in Australian dollars.

When an ounce of silver will buy me more widgets than it did...then, I know, silver is going up.

Right now it will buy me more FRNs. Or more fiat in other flavors.

THOSE things buy FEWER widgets, and the difference is great enough that silver seems to be losing a little ground.

Of course that's because of a manipulated market; but this is how we measure whether our PMs are, at the moment, doing their job, protecting stored value.

 

[Unca Walt]

When an ounce of silver will buy me more widgets than it did...then, I know, silver is going up.

Right now it will buy me more FRNs. Or more fiat in other flavors.

THOSE things buy FEWER widgets, and the difference is great enough that silver seems to be losing a little ground.

Of course that's because of a manipulated market; but this is how we measure whether our PMs are, at the moment, doing their job, protecting stored value.

Yowza. The market can play their game. Until it can't. Nothing changes the box of 90% silver coins in your closet. It is outside their games.

 

[Viking]