re: All Things: Gold & Silver

FUN FACTS: Pure Silver has the highest electrical conductivity, the highest thermal conductivity, and the highest light reflectance of all metals across the visible spectrum.

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It's crazy watching how strong the price of Au has been the last two years. It's one of the only things that the world really trusts.

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I like land. Land with a use though. Mainly farm or timber. They ain't making no more of it ya know. Also looking for land with water. Got a camp with several artesian wells on it. I won't overpay, just be patient and keep an eye out. I do try to find land at timber prices with potential to have real estate value down the line. Slowly increasing my hardwood holdings. Will never clear cut, but a nice management cut when prices are up can produce a nice payday. I'm constantly replanting white and red oak. Plus, I get to enjoy the land with my children and grandchildren. 4 wheeling, dirt biking, deer, duck, squirrels, turkey etc.

Random Thought: The U.S. Treasury deciding to discontinue the manufacture of Pennies was one of the most bullish signals I've ever seen in the commodities sector..

When a government flags that it's too expensive to mint the proper Coinage you should probably pay attention.

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one of the most bullish signals I've ever seen in the commodities sector..

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very bullish .... for most commodities ... especially gold.

but despite the nice run-ups with most metals, we're entering a time of expected volatility, so it's important to remember SquatchDawgs's earlier point .... metals will likely pull back with the general equities market.

And when it does, that will be a good time to acquire metals.

For example, I'm expecting to see $4,100 gold before YE ... heck, it's at $3,950+ today.
And I also believe we'll see $5k gold by YE'26.

But given the likelihood of a near-term general market correction, I strongly suspect we will see $3,540 gold before we see $5k.

Read this article:
https://finance.yahoo.com/news/us-services-gauge-falls-weakest-144059896.html
(my original article is behind a paywall at WSJ)

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(Bloomberg) -- The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded.

The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said Friday. The figure was weaker than all estimates in a Bloomberg survey of economists.

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Any print below 53 is considered a Contraction

This is a meaningful red flag. It is evidence that the Services sector is retreating by an estimated 138M jobs,... and this business activity represents 70% of our GDP measurement. Stagnation has arrived, folks.

It is a time to be near-term cautious, friends .... and I suspect we will be rewarded with better buying opportunities regardless of what you like to invest in.

Gold hit $3800 on 9/28. It climbed through $38 to $3900 in 5 days, on 10/03. In the 3 days since then, it has topped out at $3994.50. Right now, it is at $3883.90. Busting $4k this week seems inevitable.

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I strongly suspect we will see $3,540 gold before we see $5k.

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Can you give me a week or two to shift things around, so I can back the truck up? TIA.

Gold goosin' past $4k/troy ounce and Main Street America still seems mostly unaware..

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Gold goosin' past $4k/troy

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It flew through $3800, jumped over $3900, Hit $4k yesterday, and is already at $4055.70 this morning.

All of the "experts" are seeing a 10-20% pullback before it is off to the races, as soon as the stock market corrects from this bubble. I am torn between continuing to load up or waiting for the correction that may not happen.

Either way, it's going up.

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. I feel like I’m just screaming at people to wake up and nobody cares.

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I’m awake but it just feels too late to do anything about it.

congrats! ....Silver is an interesting one to watch.

Record shorts .... and the physical storehouses (COMEX & LBMA) have been emptied of good-for-deliver silver bars. This is a direct result of arbitrage between the international exchanges. HFT's harvesting arbitrage profits, meanwhile Shanghai (and others) accepting GFD bars of physical .

There are many smart people that believe this will be the death of paper silver traders, and thus the end of being able to intentionally manipulate prices by those that do this.

I interpret this as good news for silver pricing, particularly as current price is above $47/oz. (currently spot is $49.27/oz) as Shorts are getting very nervous.

If the price fails to pull back below $47-ish the Shorts will get very very nervous .... and if COMEX can no longer deliver when demanded to do so, it will likely crash the paper market and quickly escalate the physical market ... and all this while Shorts are dominant.

IMHO, Short investors will not be able to satisfactorily cover with un-backed paper,

I hope this spells the end for highly leveraged, paper trade manipulation of the Silver markets. Just my dos centavo$

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I bought $10,000 of SLV on the pool back yesterday. I’m now over $100,000 into GLD and SLV.

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It sounds like you are about to make fat cash.

All of my metal holdings are physical because I don't trust the unscrupulous wall street types that run everything now.