Gold spot back over $3200

[thecrazyone]

It kissed $3350 last night.

[Lemon Thrower]

Andrew Maguire is calling for $4500.
https://www.zerohedge.com/news/2025-04- ... en-why-how

Even a stopped clock is right twice a day. For those that don't know, he's been telling everyone to buy silver since 2010.

[68Camaro]

Andrew Maguire is calling for $4500.
https://www.zerohedge.com/news/2025-04- ... en-why-how

Even a stopped clock is right twice a day. For those that don't know, he's been telling everyone to buy silver since 2010.

Well, he's not wrong in the big picture as the time to buy is when it's cheap. While $6 silver or $12 silver or $24 silver is cheaper, the current price (if you can get it at spot) is, one might argue, potentially incredibly cheap. I certainly was buying hand over fist at this price 12 years ago when I was concerned of global financial implosion. (I obviously underestimated the abilities of TPTB to manipulate themselves out of that crisis.) I then managed to DCA my way to an above water position, eventually. But there are those that argue that silver will reach triple digits in my lifetime, at which point $33 will indeed seem like a bargin.

[Lemon Thrower]

he was wrong when it was $48 in 2011 and said it was going to $100.

[68Camaro]

he was wrong when it was $48 in 2011 and said it was going to $100.

Yeah, well I've learned to be very skeptical of anyone claiming timing, including myself! I believe I will live to see $100 silver. I'm just not sure if that is a year or 15 years from now.

[Cu Penny Hoarder]

he was wrong when it was $48 in 2011 and said it was going to $100.

Not just him, almost ALL PM pundits were wrong back then. In hindsight most of us here wish we unloaded more back then. I only sold one $500FV bag of 90% and several rolls of 1921 BU Morgan's.

The main reasons why the price does not rise substantially is because it's very easily manipulated. Companies that need it for industrial uses and EVs do not want to price to rise.

[pmbug]

My latest article on silver - a 2,000 ton mystery...

https://www.pmbug.com/threads/silver-pr ... tery.8183/

[tdtwedt]

Gold Hits Record as Dollar Sags and Trade War Concerns Persist

Bullion roared above $3,390 an ounce, as the US currency fell to the lowest since late 2023.

https://www.msn.com/en-us/money/markets ... r-AA1Di32l

[68Camaro]

And now Au is at $3400+

[thecrazyone]

Wow once more

[Lemon Thrower]

GSR is a coiled spring

[68Camaro]

GSR is a coiled spring

Man, I hope so. I gotta believe silver is just going to explode when the suppression starts to fail.

[shinnosuke]

GSR is a coiled spring

A beach ball held under the water.

[68Camaro]

My latest article on silver - a 2,000 ton mystery...

https://www.pmbug.com/threads/silver-pr ... tery.8183/

Thanks for the article. Indeed, something is going on.

[thecrazyone]

Gold touched 3492!

[68Camaro]

Fortunately (my personal opinion being that it had spiked too fast) it fell back to $3300 ish. We will see if it resumes the march up at some point. Silver little changed in all the gold drama.

[68Camaro]

And we're back! Dipped down into low $3200s, now crossed back over $3400.

[68Camaro]

The correction continues, with gold dropping back below $3200.

[Cu Penny Hoarder]

The correction continues, with gold dropping back below $3200.

"Correction" implies there was something wrong with the higher gold price.

[68Camaro]

I know what you mean; though was using the term in the sense of technical analysis (which I believe in only to the point where it fails, because technical analysis captures human emotional response to price changes, but not underlying suppression or tipping point events).

[Cu Penny Hoarder]

I know what you mean; though was using the term in the sense of technical analysis (which I believe in only to the point where it fails, because technical analysis captures human emotional response to price changes, but not underlying suppression or tipping point events).

The only investment strategy we need when it comes to gold (and silver) is... Stay the course.

However, one thing I think about often is... Will the manipulation last longer than I can remain alive? I figure I have another 40 years or so to wait.

[68Camaro]

Week ends back over $3200, just barely.