Whats going on with these prices?

1for1

1for1

Well-Known Member
Right now

US$

GOLD +$9.50 +.75%
SILVER +.28c +1.81%

AU$

GOLD +$8.25 +.44%
SILVER +32c +1.53%

As the only difference is currency.. how can gold be down vs US$ yet silver be up? complete madness.

Also.. Silver is making bigger gains and looks to be turning bullish..

Anyone else notice this strangeness.. the key is Silver is Up more in Aussie dollars than US dollars despite the AUD being up vs the US$.. basically its an impossible anamoly?
 
So the GSR makes the impossible possible.. ok so anyone else who would care to (actually) read the above or go check your kitco spot app (likely its just an issue with kitco!) and confirm Gold is up less in AUD and silver is up more.

For the GSR you don't need to look at the currencies do you? youd just look at the US$ or AU$ and see the % change.. i wouldn't bother starting a thread.. i know i am guilty of not reading threads and carelessly posting the bleeding obvious erroneously.. apologies to those who were adversely effected by my carelessness in the past :)
 
1for1 said:
So the GSR makes the impossible possible.. ok so anyone else who would care to (actually) read the above or go check your kitco spot app (likely its just an issue with kitco!) and confirm Gold is up less in AUD and silver is up more.

For the GSR you don't need to look at the currencies do you? youd just look at the US$ or AU$ and see the % change.. i wouldn't bother starting a thread.. i know i am guilty of not reading threads and carelessly posting the bleeding obvious erroneously.. apologies to those who were adversely effected by my carelessness in the past :)
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Ok I am not a chart or shares man but I brought this up over Christmas new year where the currency dips /rises did not match the silver and gold dips and rises in $us to $au?

If the $au goes up against the $us then both gold and silver should drop in $au but they dont at the rate they should?
 
It was only some 5years ago when the GSR WAS BELOW 40 TO 1...If the GSR GOES BACK TO 40 to 1, $40 oz will be the order of the day..there is silver in them der hills I tell ya. :)


Regards Errol 43
 
Silver has been flirting with UDS$16 an ounce.....this year is looking quite interesting already.


2016 - The Silver Phoenix will once again rise from the ashes! :cool:



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mmissinglink said:
Silver has been flirting with UDS$16 an ounce.....this year is looking quite interesting already.

2016 - The Silver Phoenix will once again rise from the ashes! :cool:

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Maybe. But what if, instead of a sustained breakout, we see these swings for another 12 to 18 months? It could start to get unbelievably frustrating and it won't be long before we are all punching each other in the face.
 
Have stuck this out 8 years so far. Watched the Big Short the other day. Went at bought some more PM's :)
Gold or silver, why not a bit of both.
 
I don't think I'm reading this right because the enormous ability to make $ via arbitrage would be noticed by everyone - no?
 
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