The Lunatic Fringe - Market and Trade Chat

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!

Status
Not open for further replies.

 
Silver.is making new highs in Australian dollars.
 
That's the markets giving back the Trump bump after he won the election.

Keep the 2025 faith of $3k Au and $40 Ag.
 
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.
 
listen in a separate tab

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

38
 
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.
 
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.
 

 

 
Looks like there is decent support in the 25 area. I think the tariffs are going to make everything more expensive which will slow down consumerism to bare necessities for the average person. I think trump will do away with the stupid green new deal stuff as well which will slow demand for silver. Just my wild assed guess.
 
Seriously though, Bernanke said we wouldn't see a depression again because the fed has the power to print as much money as is needed to prevent that.
 
Seriously though, Bernanke said we wouldn't see a depression again because the fed has the power to print as much money as is needed to prevent that.

He's not piloting the helicopter any more.
 
Status
Not open for further replies.