pmbug wrote: ↑Wed Oct 01, 2025 8:22 am ...
When silver breaks $50, it is likely going to really rip.

It's just getting started.

dualstow wrote: ↑Wed Oct 08, 2025 6:55 am ... No more paper gold for me.

Straight bullion homey

Dealers are going to take a vig on the spread. It's the price you pay for a professional, no worries deal. You can try your luck with a person to person sale if you want to maximize your sale price. I have not used them, but there is a fairly new peer to peer marketplace that is actively promoting i...

Flirted with 48 earlier. China is on holiday for a week and I was hoping for a dip sale this weekend, but with the US govt shutdown, it looks like the metals are catching some demand in the West. Timing is everything I guess.

When silver breaks $50, it is likely going to really rip.

China has their Golden Week holiday from Oct 1-8. The SGE/SFE will be closed. Gold historically dips during this week and then reverts. It could be a good buying opportunity. ... Looks like the dipping began as soon as Chinese markets closed (last night for me). We'll see if gold and silver find su...

China has their Golden Week holiday from Oct 1-8. The SGE/SFE will be closed. Gold historically dips during this week and then reverts. It could be a good buying opportunity.

$45 this morning. I believe that the spike this morning may be related to a huge copper mine in Indonesia shutting down due to a massive mud slide: https://invezz.com/news/2025/09/25/copper-prices-soar-as-grasberg-mine-disaster-hits-supply/ It's a copper mine, but it also produces around a couple hu...

Anecdotal reports that I've been seeing indicate that metals dealers are just starting to see retail buying for gold again. I think premiums will rise (for both buying and selling) in the near future (in a few months). $.02 FWIW.

Example:

Been reading comments from other pundits/analysts that say similar things. Silver looking like it is ripe for a squeeze like Nickel had recently. Not much resistance left after $50. etc.

Back in December/January, when the first round of Trump tariff fears hit the market (before it was clarified that gold and silver bullion were to exempt), EFP spreads blew out and metal flowed heavily from London to New York. Tariff fears (and EFP spreads) eased on April 2 when exemption policy was...

JPow appears to have punched the local ceiling in gold and silver with his dovish speech at Jackson Hole this morning.

dualstow wrote: ↑Thu Aug 14, 2025 8:18 am What is depicted on the yellow cap, by the way?

https://en.wikipedia.org/wiki/Don't_Tread_on_Me

https://en.wikipedia.org/wiki/Gadsden_flag

Donald Trump will issue an executive order “clarifying” the US’s stance on gold bar tariffs, after a ruling that a widely-traded form of the precious metal is subject to levies sent shockwaves through the bullion market. “The White House intends to issue an executive order in the near future clarif...

The US has slapped tariffs on imports of one-kilo gold bars, in a move that threatens to upend the global bullion market and deal a fresh blow to Switzerland, the world’s largest refining hub. The Customs Border Protection agency said one-kilo and 100-ounce gold bars should be classified under a cu...

Silver looking ready to pop this morning...

Mr. Bateman strikes again (he bought 12.69 million ounces between December and March - physical, not paper):

seajay wrote: ↑Sun Jun 22, 2025 7:24 am There's around 500 ounces of silver in each Tomahawk missile. ...

Maybe. That's just a rumor and it's been disputed.

https://www.pmbug.com/threads/al-jazeer ... lver.2693/

I expected deleveraging for the industrial demand. I'm no expert though and the dynamics of the silver market seem to be changing. Maybe the physical market (underpinning the paper derivatives) really is tighter than we know.

Silver has been showing surprising strength in the face of war news and potential disruptions with oil and the global economy. I'm not complaining at all, but honestly, I rather expected this Israel-Iran conflict to cause a sell off in silver. That hasn't happened and I have to think that is really ...

pmbug wrote: ↑Mon Jul 01, 2024 11:38 am...
There is a decent chance that silver will outperform gold over the next 3-5 years IMO. $.02 FWIW

2025 has brought a sound money legislation landslide. Several states passed or almost passed legislation to establish gold and silver as legal tender and to develop payment rails for using them as a parallel currency. I reviewed the legislation for bills in AR, MO, FL and TX in the article linked be...

It's happening! HB1056 just passed the Texas House and now awaits Governor Abbott's signature. Awesome!

Bold emphasis is mine: ... While gold prices are driven by many factors, investors showed high demand for gold as a safe haven asset and, at the beginning of 2025, a notable preference for gold futures contracts to be settled physically. These dynamics hint at investors’ expectations that geopolitic...

China is driving the gold bus, not US retail.

I had some fun this morning...