"The dollar’s move towards hyperinflationary territory of the dollar’s money supply is upsetting the arrangement, which is why Comex, which was never intended to be a delivery market, has seen record deliveries demanded. In the next few days, we will see how many of the remaining December 47,043 contracts (Wednesday’s open interest) will be stood for delivery.
December has often been a turning point for the gold price, and it marked the commencement of this bull market in 2015. This is shown in our chart.
With the exception of December 2018, the gold price fell to a low point in the months before. In all cases, the gold price rose dramatically subsequently. If this pattern is repeated, then we should shortly see the gold price begin to rise towards the year end and beyond. Furthermore, this spike down to the $1800 level can be expected to be underwritten by the 200-day moving average. Last March, it was this average which marked the turn of the market from $1450 to the $2075 high in August."
Starter here currently with baby's first stacklet of silver. Looking to get some more though. Thoughts on GoldSilver?
Josiah Garcia
Bros, I have 2 Black Friday orders in (one w/ SD, one w/ Monument). When both arrive, I'll hit 50ozt Ag. Gotta hold off till early next year; need my powder for a move coming up in Feb. But damn does it feel good to hit 50 before the pause.
I'll have a look into them, thanks. I'm a bong so unfortunately I'm trying to balance premiums and shipping costs. Cheers.
Isaiah Cooper
GoldSilver.be is fine man, shipping cost a quite high, but the also have a vaulting service meaning you can order a little bit this time, and the next time you order a bit you can ship it al to getter. It has to be a minimum of €100 every time though
Logan Brooks
I'm not smart on comex stuff but I'm certain they will
Justin Williams
Actually more physical value in the aluminum of those caps than in paper/digital currency. Post image?
I don't understand is buying gold and silver just purchasing gold and silver coins like the ones I used to see advertised on TV? How do I sell those later?
Christopher Torres
>How do I sell those later? I refuse to believe that you can't think of ways to sell something Gentleman's currency is based
Jack Torres
Oh boy Pan Man. Big drama. QH's NVO just dumped super hard today. Kirkland decided to sell their entire position while already in the negative. I heard that even Sprott has sold most of his holdings but that was sometime earlier. People are speculating that Kirkland leaving the table is entirely because of personal drama. One poster at ceo.ca with a connection to Hennigh posted his response: "Good riddance"
Thoughtful of her to bring a tasty beverage along.
Eli Myers
Experienced Zig Forumsnessman here.
If you’re in it for the long haul you should ignore price per ounce and just get the best deal over spot. You should be dollar cost averaging for a fixed percentage of your portfolio.
The market for gold and silver is huge and efficient. Bullion(not numismatics) that is sold for a premium can generally be sold for a similar premium, so it’s a wash. The focus should be on liquidity, I.e. if you live in the US, buy eagles, etc
To all the speculators who think they can predict the future, post a pic of a highly levered position or stfu.
Wonder if this is why Eloro Resources, Lion One, and Irving Resources also struggled today? All projects in which Quinton Hennigh plays some part.
Some people are doubting him now and saying that they are even going to dump their NFG shares.
Jose Foster
I'd say the struggling was more about the major dip + retrace in gold price. LIO at least refuses to go under 1.50CAD, taking a look at IRV and ELO they seem to have done well too. And NFG wasn't even scratched. Some are doubting but you cannot disprove results. @porc at ceo.ca is just trying to FUD don't mind him
Bentley Butler
just ordered motherfuckin 500oz of silver.
some anons might remember me from previous threads this week about 250oz/3oz gold splits questions etc.
what are predictions for bottoms? i got a 10k deuce i want to drop on pms. i have from fiat but i've lost all faith im just going to keep minimum to buy groceries and stuff
Jackson Allen
500oz + 55= 555 niggas, we are going to motherfuckin 100$ per piece.
I'm thinking we're about ATL in gold. But then again I was sure we wouldn't dip under $1800. A lot of deliveries due in December, expect another manipulative dip in precious metals prices though. Average in a little, it's difficult to predict these markets
