Anybody seeing what's going on in the spot market at the moment!!?

Discussion in 'General Precious Metals Discussion' started by OzBenzBitz, Apr 4, 2023.

  1. OzBenzBitz

    OzBenzBitz Active Member Silver Stacker

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    Big jumps in both metals...check it out!!!
     
    OzBenzBitz, Apr 4, 2023
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  2. adze67

    adze67 Well-Known Member Silver Stacker

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    Bonkers :eek:
    Screenshot from 2023-04-05 00-25-38.png
     
    adze67, Apr 4, 2023
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  3. OzBenzBitz

    OzBenzBitz Active Member Silver Stacker

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    It consolidated & held too! It bodes well for both metals next leg upwards.
     
    OzBenzBitz, Apr 5, 2023
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  4. heartastack

    heartastack Well-Known Member Silver Stacker

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    HUGE!!
     
    heartastack, Apr 5, 2023
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  5. STC

    STC Well-Known Member Silver Stacker

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    It just means u won’t see gold under US$2k again, when gold rose over US$2k the other week & silver didn’t follow I knew it go back under but doubt will see it happen ever again.
     
    STC, Apr 5, 2023
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  6. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Some of the momentum seems to be due to the fact that the big players are speculating that the FED is done with rate hikes due to the slowing economic outlook
    and might soon start to cut rates to stimulate activity.

    Another reason might be that JP Morgan boss Jamie Dimon has warned that the banking crisis is not over by a long shot, with repercussions to be experienced
    for years to come.
     
    Last edited: Oct 18, 2023
    hardyakkagold, Apr 5, 2023
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  7. Golden Stash

    Golden Stash Well-Known Member Silver Stacker

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    Platinum doing well too $1537 oz
     
    Golden Stash, Apr 5, 2023
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  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    1-5oz Pt is a MUST
     
    heartastack, Apr 5, 2023
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  9. silverhair

    silverhair Well-Known Member

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    Over 400 billion USD is cash has been with drawn in the past month or so from the big banks, biggest and fastest level of with drawls in history. The FED claims everything is going well yet the gold price and bond markets have a different story.

    From what I am reading , gold is projected to go a lot higher during this next 12 months or so.

    Also you can see someone or something made a huge purchase of gold today around 1pm. No idea why. That is when the price spiked to 2020 an oz, up from 1987 an oz.
     
    Last edited: Apr 5, 2023
    silverhair, Apr 5, 2023
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  10. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Gold chart looking good. Don't yall think?

    Nationwide coins here in the States has a 1 oz gold Eagle deal for $1900 + 1 silver coin (silver Eagle) free with purchase.
    Oh so tempting if only Colorado unemployment didn't take so fkn long to receive!
    They owe me fkn 7k now geez.

    Any Americans here I'd recommend. I've ordered from them before.

    They will try to rope you into some other "amazing deal" but just stick to the bait and don't fall for it.
    It's a phone call only type of deal.

    Years ago when spot was 1250 they had 10- 1/10 oz gold Eagles for $115 so $1150 per oz.
    I figured it was a screaming deal back then so I jumped and every so often they do this.
    Take advantage fellers.
    It's $1900 gold and some silver.
     
    Last edited: Jan 29, 2024
    JohnnyBravo300, Jan 29, 2024
    #10
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  11. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I couldn't resist so I called and ordered it today.
    Should be here in a week!
     
    JohnnyBravo300, Jan 31, 2024
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