About a month ago gold was at US$1850 and silver got to AU$36 Gold has been climbing ever since to US$1930 thereabouts and silver is down to AU$33.30 Anybody know why?
I think tonight IS IT! Spots are ‘itching’ to jump on new record lvl…especially GOLD..I hope Ag is not far behind…. go YOU BEAUTY!
Silver is a tiny $30 Billion market, so it is easy for the powers that be to control the prices with their paper derivates market. Gold is for steady as she goes wealth preservation and financial insurance for the future. Silver is for speculating when the CrimeEx casino blows up and silver does a moonshot into the triple figures. Allot your precious metal portions accordingly.
Like I said before we may have to wait till after the next FED interest rate decision on 2nd Feb for any chance of a sizeable move in the gold price. The limited drone attacks on Iran won't move things along since even the NATO war with Russia has not awakened the sleeping masses. I must say that being a seasoned stacker, I am not too disappointed with where the current gold price is at. Gold is not and never has been a get-rich-quick scheme, for that try the cryptos or some other Ponzi schemes.
Well Lebanon is next, i was wondering who it would be haha. And still the masses fail to connect the dots.
The street rate for the Lebanese lira is already some $50k Lebanese pounds per USD. The CB is just playing slow catch and adjusting the official peg from $1500 lira per USD to $15000 lira per USD. USD withdrawals and transactions are still banned so it is barely even window dressing the problem.
The dollar exchange rate has reached an all-time high of 60,000 LBP for one dollar. To put this into perspective, one dollar was worth at the beginning of the year... 2019: 1,500 LBP 2020: 2,000 LBP 2021: 8,500 LBP 2022: 30,000 LBP "The change to 15,000 was a step towards unifying multiple exchange rates, in line with a draft agreement Lebanon reached with the International Monetary Fund last year that set out conditions to unlock a $3 billion bailout" Dancing with the devil (IMF) leads to permanent impoverishment.
Both silver and gold plunged just before market close in all currencies.... What could have caused that? (It would be great for the Aussies here if there was an AUD/USD chart on the charts page but I can't see that happening.
