Is Silver next?

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  • Mij

    Permaplinker (thanks to Expat)
    Site Supporter
    Rating - 100%
    1   0   0
    May 22, 2022
    6,270
    113
    In the corn and beans
    I see it pulling back below $2,000 by the close of markets Thursday.

    View attachment 315090
    Good eyes, I’ve been laughing my * off for three days watching silver ratio, as gold goes up somehow silver goes with it. Nope, no manipulation here.

    Whoever is in charge is not going to give Joe Sixpack a chance to make a fair trade to enhance our stack.
     

    blain

    Expert
    Rating - 100%
    3   0   0
    Dec 27, 2016
    797
    93
    Evansville
    Perhaps you would like to reconsider?
    Going back through the data (Kitco), for the past 5 years, gold closed the last day of a month Down-22 times, Up-33 times and one month it was even.
    So looking at historical data, the money should be on an Up closing tomorrow.
    But none of those 5 years of final day closings were $2,000 or above.

    In spite of the headwinds, I'm sticking with a closing 11/31/23 below $2,000.
    Do you have any doubts JPM or their brethren will let me down? :@ya:
     

    DoggyDaddy

    Grandmaster
    Site Supporter
    Rating - 100%
    73   0   1
    Aug 18, 2011
    104,423
    149
    Southside Indy
    Going back through the data (Kitco), for the past 5 years, gold closed the last day of a month Down-22 times, Up-33 times and one moth it was even.
    So looking at historical data, the money should be on an Up closing tomorrow.
    But none of those 5 years of final day closings were $2,000 or above.

    In spite of the headwinds, I'm sticking with a closing 11/31/23 below $2,000.
    Do you have any doubts JPM or their brethren will let me down? :@ya:
    No, but I do have doubts that you will see 11/31/23... ;)
     

    Magyars

    Grandmaster
    Rating - 100%
    40   0   0
    Mar 6, 2010
    9,836
    113
    Delaware County Freehold
    Going back through the data (Kitco), for the past 5 years, gold closed the last day of a month Down-22 times, Up-33 times and one month it was even.
    So looking at historical data, the money should be on an Up closing tomorrow.
    But none of those 5 years of final day closings were $2,000 or above.

    In spite of the headwinds, I'm sticking with a closing 11/31/23 below $2,000.
    Do you have any doubts JPM or their brethren will let me down? :@ya:
    FdW1dwuVUAk9_MX.png
     

    Mij

    Permaplinker (thanks to Expat)
    Site Supporter
    Rating - 100%
    1   0   0
    May 22, 2022
    6,270
    113
    In the corn and beans
    I’m kinda up in the air!

    Trade to FRN’s, buy back in when the price drops, or ride it out. The historical trend is always up. Just don’t know which way is faster to go to build the stack?

    * who am I kidding I’ll never sell, (most likely). But for now, good for us.

    Wish some small land would open up. All these places are hundreds of acres, way out of my price range.
     

    Super Bee

    Master
    Site Supporter
    Rating - 100%
    10   0   0
    Nov 2, 2011
    4,859
    149
    Fort Wayne
    Gold and Bitcoin going crazy on a Sunday night. The wife watches this stuff all day every day. I was getting nightly reports, even at 400am she wakes me up to tell me what Bitcoin is doing.

    The dollar hasnt tanked. . yet. What do they know, they are not telling us.

     
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