Loading ...You were right about giving up yesterday’s highs today. I used the chart below that shows an intraday high of $2152, on Dec 4th. Put the mouse on that day bar and look at the top. On that same day it closed down at $47.50.
Opened at $2094, high $2152, low $2038 and closed at $2042.
https://finviz.com/futures_charts.ashx?t=GC&p=d
Silver yes is now an industrial metal. Plus its a byproduct of other miners. maybe Silver’s price is where it belongs? 23 times where it was. Gold was I think $140 back in 1975 so $140 times 20 it should be $2800. Pretty much everything is 20X more from that era.
The big problem is with the shares. There was a guy on tv last week talking about that and recommending them because they are soooo undervalued. I think they’ll come back strong some day. Anybody that bought physical gold back in 2008 at aroud $800 is doing ok.