Midnight to 6am - Overnight Spot Watchers Spot...

Same as, same as, for both silver and gold again tonight, it seems.

On a more positive note, I think I have found your dog, Captain BlackSheep. You can stop looking...

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Mr Hard Case said:
Same as, same as, for both silver and gold again tonight, it seems.

On a more positive note, I think I have found your dog, Captain BlackSheep. You can stop looking...
Click to expand...

E'e iz a gud bouy mister hardcase, he looks a bit thersty, rum should pick him up

an I aint no Kaptun, I kannot be trusted with too much orthority since the battle of berg 34, I haz never been the same since o_O:confused::p
 
The gold and silver prices are still looking a bit sickly, Mr BlackSheep:eek:

At least you and I have our fossicking pursuits to keep us occupied; not sure what the young ones are doing, probably chewing their fingernails.o_O

I think I will just watch a video and then have an early night of it.

A friend has kindly lent me this video; he says it's a comedy classic, but I fear it might just be a cooking one, as he is a practical joker.

Have you seen it, Mr BlackSheep?




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I am currently above ground Mr Hard Case, which I am grateful for each morning when I wake ridiculously early at 3am. Although there are many deep holes around here and it pays to have your eyes open and avoid making enemies o_O:D

I have been busily training my new travelling companion, a spirited young bull arab that was a bit of a handful for his previous humans. He's a good boy and can help keep an eye out for the wild cranky tuskers when I wander off into the bush exploring.
 
Good to hear that you are well and still around, BlackSheep.

I have just got back from a successful prospecting trip, so I am feeling satisfied and justified in my existence.

Be careful with that bull arab. I just heard that a dude in Sydney is fighting for his life after being mauled by his bull arab dogs.
 
What's with the stiffies in all the precious metals price graphs?

Is it because they are voting to end the Gov shutdown, the stimulus checks, or something else that I am not aware of going on?
 
Mr Hard Case said:
What's with the stiffies in all the precious metals price graphs?

Is it because they are voting to end the Gov shutdown, the stimulus checks, or something else that I am not aware of going on?
Click to expand...

Hi, yes you are on the right track.

To be more specific, weak U.S. economic data boosted expectations of a Federal Reserve rate cut in December, which included labour data showing the U.S. economy lost 153,000 jobs in October, the steepest October decline in 22 years.

That and a fragile political backdrop have reignited safe-haven demand for precious metals and a greater potential for more rate cuts ahead also helps to attract buyers. Also, the falling USD today makes precious metals more affordable and therefore more attractive to overseas buyers, but the increased probability of a December rate cut is the main driver in the $4%+ price gains today, at least it appears to me.

Silver is now at $50.44 USD, up 4.42% today - so I wouldn't be surprised to see a small correction again soon, which I'd rather see to set a firmer new foundation of support for the next stair step up.

The stimulus checks would also be positive for metals due to their inflationary nature, however I never know if Trump is saying what he really wants to see happen and if so, how he can justify 300+ Bn USD in spending - but if he's serious, then that shows just how concerned he is about the current state of the economy and the need to turn on all the pumping machines again (way before meeting inflation targets) and it's been mentioned already that QE is likely to start again soon.

Aside from that, there's also a whole load more going on recently, which is all bullish for the precious metals space. To give just one example, there were severe silver bullion shortages at the LBMA recently (mostly due to a very large order from the Indian government I believe), which left them scrambling for metal across the world and flying it in on planes (normally it would only be gold bullion pallets sent via air) to replenish some of their stocks - but they are still facing a significant shortfall and they still need to source a lot more product by the end of the year if the demand for physical deliveries continues unabated (which I imagine they can, but at what cost!).

In my view (which might not count for much since this is my first post on this forum!), silver and gold will perform very well next year - it's now on the US' critical minerals list from only a few days ago, and I anticipate the gains to be bigger next year and especially for silver, which is still on a special offer sale at current prices - mostly due to inventory shortfalls for 5+ years now and the powers that be won't be able to keep hammering the price down with the paper derivatives game (as we have experienced over the last 50 years) as they have been exposed for their market manipulations, all whilst supplies are drying up at an ever faster rate now.

If they can keep the game up for another 2 years I'd be very impressed, but time will only tell. Just make sure you have the physical metal (or at least fully backed 1:1 by physical) as many hundreds times more paper ounces are doing the rounds which one day will evaporate. I'm happy now just to sit back and enjoy my popcorn!
 
I remember not long ago he said hed use the tariff money to pay down the debt haha.
Oh how fast they forget.
The promise of stimmies seems more like a backdoor bank bailout than anything but awesome for metals anyway.
Gold and silver will take all the help they want to throw at it!

I didn't think more stimmies would come this fast but not complaining at all haha.
 
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