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re: Five year yield on the barbaric metal
Posted on 4/16/25 at 7:49 pm to OccamsStubble
Posted on 4/16/25 at 7:49 pm to OccamsStubble
sold 20 grand of a precious metal fund today that was held for about 8 years. Run-up has been great.
0
Posted on 4/20/25 at 12:51 pm to SlidellCajun
Just my dos centavos ….. the decline of the US Dollar Index is currently testing a key technical level, one that has triggered major rebounds in the past.
The dollar has fallen sharply since the start of the year, which has boosted commodity prices ….. especially precious metals due to their inverse relationship to the USD.
The US Dollar Index is measure of the dollar’s exchange rate against a basket of major world currencies (not its domestic purchasing power) …. it is now sitting right at a major long-term support level around 100.
How the U.S. Dollar Index behaves from here will have a major influence on the direction of commodities , including precious metals. If it breaks lower, that could signal further decline into the low nineties, …. and that spells bull market for commodities and we could easily see gold run to $4k+/oz.
If the Dollar Index finds solid support at the 100 level and bounces ….it will likely pose a headwind for commodities …. think inverse.
As I mentioned earlier in the thread, I believe the dollar index will bounce off the 100 support level, and commodities (gold) will pullback and consolidate. ( However, the rising risk of a recession increases the likelihood of Fed rate cuts, which would subsequently put downward pressure on the dollar.)
We shall see in the coming weeks ….
The dollar has fallen sharply since the start of the year, which has boosted commodity prices ….. especially precious metals due to their inverse relationship to the USD.
The US Dollar Index is measure of the dollar’s exchange rate against a basket of major world currencies (not its domestic purchasing power) …. it is now sitting right at a major long-term support level around 100.
How the U.S. Dollar Index behaves from here will have a major influence on the direction of commodities , including precious metals. If it breaks lower, that could signal further decline into the low nineties, …. and that spells bull market for commodities and we could easily see gold run to $4k+/oz.
If the Dollar Index finds solid support at the 100 level and bounces ….it will likely pose a headwind for commodities …. think inverse.
As I mentioned earlier in the thread, I believe the dollar index will bounce off the 100 support level, and commodities (gold) will pullback and consolidate. ( However, the rising risk of a recession increases the likelihood of Fed rate cuts, which would subsequently put downward pressure on the dollar.)
We shall see in the coming weeks ….
This post was edited on 4/20/25 at 1:41 pm
Posted on 4/21/25 at 12:59 am to OccamsStubble
Silver in 2011 $49
2025 $32
Stuff is worthless junk.
2025 $32
Stuff is worthless junk.
Posted on 4/21/25 at 9:08 am to cadillacattack
Trumpnomics will send "the barbaric metal" THROUGH THE ROOF
Posted on 4/21/25 at 9:22 am to PUB
quote:
Stuff is worthless junk
That surprises me, as although silver is 20 times as common in nature as gold, it's still a rare precious metal, and has many applications in industry, technology and jewelry, and a more limited usage now in coinage.
Looking for a bargain basement investment in metals? Consider mercury. It's rarer than silver, yet it's dirt cheap-- a 76 lb flask of the stuff will set you back $134, less than $2/ lb! Rather uncanny
Posted on 4/21/25 at 9:41 am to PUB
quote:
Silver in 2011 $49 2025 $32 Stuff is worthless junk.
Well by definition $32 per oz isn’t “worthless.” How has stock in Disney performed over the same period?
Most people who physically hold precious metals aren’t really focused on appreciation with an eye toward selling at a profit.
Posted on 4/21/25 at 10:53 am to tarzana
It is surprising except if you consider the fact that gold has become the only source of "money" as an investment with BTC taking up some room too. Silver is now low demand industrial metal with no value as money. Forgot all that arcane mantra that an ounce of silver is a constitutional dollar.
ATHS close to $50 almost every 40 years since the Hunts. Next ATH up in 2061.
ATHS close to $50 almost every 40 years since the Hunts. Next ATH up in 2061.
Posted on 4/21/25 at 11:21 am to SloaneRanger
Your "fiat" buried in the backyard inside a can was a better investment and store of "value".
Posted on 4/21/25 at 11:26 am to PUB
quote:
Your "fiat" buried in the backyard inside a can was a better investment and store of "value".
Uh, what if you bought at $19 in 2022? Anyone can play these games.
Posted on 4/21/25 at 11:31 am to SloaneRanger
I do not understand the run up on gold. It's so rooted in historic storage of value but was a completely different era of human existence.
Posted on 4/21/25 at 11:35 am to PUB
quote:
It is surprising except if you consider the fact that gold has become the only source of "money" as an investment with BTC taking up some room too.
Posted on 4/21/25 at 12:23 pm to lynxcat
quote:
I do not understand the run up on gold.
That's because you're holding the chart upside down. Flip it over and you'll see that it's not that the value of gold is increasing, but that the value of the dollar is decreasing.
It's not about how much gold can you get for a dollar as much as it's how many dollars can you get for gold.
quote:
was a completely different era of human existence.
I get the feeling that we've entered another completely different era of human existence just this year.
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