Gold & Silver

[TexWeatherby]

I think election uncertainty is playing into all of this. The wife and I voted yesterday ("opening day" of early voting). You can probably guess how we voted (since we have working brain cells). 

[224KING]

Something strange and unexplainable is definitely going on.No rhyme or reason for the dollar to be as much as 104 1/8th today,gold to $2760,and silver to $35.It's going to get interesting.

[224KING]

I don't know about 386% under Skumala,but she would be better for gold than Trump.We have to have more than high gold prices though.

[224KING]

I feel like gold and silver could go parabolic at anytime.All the sources that I know of online to buy gold and silver have started charging sometimes double over what premiums they were charging just 2 weeks ago.This means there is high buying volumes happening.I think FOMO has hit and possibly some bigger buyers are trying to buy more before the price of both shoot up substantially.

Be careful moving ahead folks.

[TexWeatherby]

Looks like no end in sight, the way it's been going. I am pretty much getting priced out of getting more. I'd love to see the bottom fall out back to last years value just for a few weeks, so I could get some more. Glad I have some already though.

[224KING]

$2800 by morning?

[224KING]

Gold has to have a little sell off every once in a while.

Now look at it

[TexWeatherby]

Gold is just too high for me to get any right now, but did pick up a bunch of silver American Eagles last weekend.

[224KING]

I have stuck to my plan and have taken some profits.I did buy a couple 1/10th OZ gold coins at spot a few days ago.They are normally over $300 apiece.got them for $262.Might just put them up for bartering or maybe give them to my Granddaughters for Christmas.Haven't decided yet.

I don't know what to think about silver anymore.Sometimes my gut tells me to buy some,and then when I think about the upside compared to the down,I can't pull the trigger.I'm probably screwing up by not buying some.Wouldn't be my first screw up though.LOL

[224KING]

Again we see Gold doing exactly what it's supposed to do.Reacting to uncertainty.

[224KING]

I believe Silver is the next play.Not only is there a long term cup and handle forming,but a short term one as well.What drives it I don't know.Everyone says it lags behind Gold.

[TexWeatherby]

Gold is bouncing around today in the neighborhood of $2720-$2750. Crazy.

[224KING]

Gold has slowly,and silently creeped back up to within $22 of it's all time high.

Don't you wish you had bought the dip?

There is a saying with gold;  "Don't wait to by gold-Buy gold and wait"

Hard to get into at near all time highs,but will you be kicking yourself when it hits $3k,$4k,$5k?

[TexWeatherby]

I'm wondering that too. The price is a killer though and funds are down (forked out a bundle for a new roof, a ton of new fence and some laborers I needed to hire recently).

[224KING]

WOW! Look at it go.Is it on the way to $3K???