Steam Cleaning
https://www.railpictures.net/photo/882502/
In 1964 I was 12 years old with a paper route. I was already a coin collector, encouraged by my dad. I remember LBJ announcing they were taking the silver out of coinage because “it was too valuable to use for money”. Even at that young age I thought… WTF?? and began aggressively collecting real silver coins. One of my paper route customers gave me a Christmas present of a Morgan dollar when I came to collect their bill. I was overjoyed, and she was pleased that I knew what it was! I still have it at the head of my collection.
Very bullish on the PMs going into next year and beyond.
Morgan’s yes their getting more attention now and probably will for awhile. A long time ago I picked up two only slightly circulated Key Date Morgan’s. I think some of us have a stronger link to the past then others. Not just for trading and some who get it through some one else I saw on eBay just piss it away and sell it right away. Back then as I don’t buy much of anything from them except some mercury dimes with free shipping I used to talk to people in France as you could choose countries. I’m glad that was in better times. If you ever do I’ll warn you so you don’t have to go through what I went through to get a gold coin I think it was a rooster. Hard to remember now. They think the US is just one big state. They only put in a partial address not the state hard to remember now what else was missing like the city but just put the United States. So it got send back. So now we had both sides not sure how to write a address so explained best my memory of French la ville and there are different states in the United States the mail has to know which one etc so they could understand what I was going to write next and just write it out like this. Next time they sent it I got it. I got one from Australia too. These days I don’t know if I’d trust it anymore. If there really from there or not either.
Now this is coming out about how taxpayers are paying for the so called riots, explains another of lifes conundrums…..Before it was assumed that Soros and others similar lunatics were funding, most of the lefts organisations…which meant he had to keep making vast sums, year after year…..Now even the best have a hard time doing that , especially if their outgoings were on his supposed scale ….Yet he himself was never known as that good a trader, he got lucky with Jimmy Rogers, who made him a fortune and quit…long, long ago…later he found Druckenmiller, who again was very good……but then he too left….and from what Musk has said, Soros has been suffering from dementia, for a good few years…so no smart trading from him……
So these new findings that all he and his cohorts do is provide seed capital, ie set up an NGO, give it a few million and then wait for the likes of USAID, to fund the rest…..makes for more sense…..and boy is there a story/book/film to tell about how taxpayers were ripped for maybe Trillions, in order to have their lives turned upside….
There is plenty of evidence that taxpayer dollars are funding the anti-ICE riots in Los Angeles and elsewhere. Here’s how that happens: domestic agitators set up “non-profits” and other kinds of “non-governmental organizations” with deceptively innocuous names. They apply for monetary grants from state and federal agencies. Government agencies use their discretion to award outside groups. These groups then pay rioters to cause mayhem on the streets. Voila! Government-funded pop-up revolutions are ready to go!
Americans Should Not Have To Subsidize Their Own Mistreatment
Feels a lot like the old days.
Agreed…the non stop rise of the SM while all PM’s get belted, does look very familiar.
This is why CBDC’s will fail … 42 months until failure (as per Book of Revelation) is already counting …
Underground Economy EXPLODING — China’s Shadow Markets Now Bigger Than Official GDP – YouTube
Fight the bastards
The dollar is down almost 2% this week, while gold is down over 3%
Deer79 is right, this is just another manipulation event. The fact that they are now able to do this again gives me pause.
Platinum down almost $100 – 7%
This changes the dynamics of the gold charts bigly though. Very ugly. Same with the shares.
Feels a lot like the old days.
Call me a cynic (about anything GPT), but I’m old-school when it comes to patterns that all of us have seen for years now………pure and simple end-of-the-month BS. We’ll probably get hit again on Monday to take it down as low as possible for the end of the month.
Same games……..
Gold is down roughly $68 today (about 1.5%, based on June 27 spot near $3,300/oz), and here’s why:
Easing geopolitical tensions
A brokered truce between Iran and Israel has dampened safe-haven demand, reducing one of gold’s major supportsbarrons.com+4reddit.com+4reddit.com+4dailygoldprice.com+15reuters.com+15economictimes.indiatimes.com+15.
Progress in U.S.–China trade and rare-earth deal
Optimism about a U.S.–China agreement, especially on critical rare-earth shipments, is boosting risk assets—and pulling capital away from gold forex.com+4reuters.com+4reuters.com+4.
Awaiting key U.S. inflation (PCE) data
Investors are cautious ahead of the PCE report (released today), which could shift expectations around Federal Reserve timing on interest-rate cuts lriko.com+8reuters.com+8forex.com+8.
Stronger U.S. dollar & rising yields
A firmer dollar and modestly higher Treasury yields raise the opportunity cost of holding gold (which pays no interest) gurufocus.com+15torusdigital.com+15lriko.com+15.
Profit-taking and technical unwind
After gold hit record highs earlier this month, traders are locking in gains. Technical momentum is also working against gold as certain price support levels are breached reddit.com+15markets.com+15gurufocus.com+15.
Factor | Effect on Gold |
---|---|
Calm geopolitical outlook | ↓ |
Trades shifting to risk assets | ↓ |
Stronger U.S. dollar/yields | ↓ |
Hawkish or stalled Fed action | ↓ |
Profit-taking / technical flow | ↓ |
PCE data today could be a catalyst—if it shows stubbornly high inflation, the Fed may push back further on cuts, weighing on gold. If it’s cooling, gold might bounce.
Monitor geopolitical headlines; renewed tensions could quickly support gold again.
Keep an eye on dollar strength and Treasury yields—gold typically moves opposite those.
- In short, gold’s sharp drop today reflects a combination of easing geopolitical risk, improving trade sentiment, a stronger dollar, rising yields, and technical/profit-selling pressure—all coinciding ahead of crucial inflation data.
they panicked in and are now panicking out……yeah sure…..Scum hitting Plat as hard as they can…canm’t have a runa awy mkt, unless it is a Dog stock .
I guess since this is the second to the last day of the month, they’re going to go ahead and give us a smash. Gold below $3300 at the moment and silver down $.50 just above $36.
The dollar is flat. Boy have we been screwed vs. the dollar all week. Rates are up 2 ticks. Oil up 1%, Bitcoin flat. SM up again – of course it is.
PM shares taking a beating premarket.
Looks like suckitude to close the week unless something changes.
Eco data – PCE’s come out this am. Not likely to matter much to us, unless they are inflationary and extra hot.
I think I’ve seen those commercials for the Morgans. I love those coins. I doubt you’ll get any that are BU, but so what, if the coin if in “fine” condition it’s still nice. Sometimes I think I was born in the wrong era, it would have been so cool to have lived circa the 1900’s when real money exchanged hands. I remember even as a kid in the 60’s when we still had real money in silver coins.
That’s why Bitcoin is so hard for me to grasp. You can’t see it or hold it. Even fiat is better IMHO.
Looking for something else more mellow but ran into this. Maybe NY next.
Check out money metals. They have Morgan AU 40.99 less you buy 100 39.99.
They have circulated for 32 something. Still not a bad deal. You know when Trump appoints the next Fed he or she is gonna slash interest rates. So keep stacking. At least something might be predictable.
…or is it Ment’s old Dumpster Train?
The ‘Galloping Goose’ railbus
https://www.railpictures.net/photo/882532/
Ran across a TV ad on cable last night offering Morgan Dollars, “BU thru Fine” (meaning they’re circulated) for $39ea. (Limit 5). With silver at $36 and rising, I quickly placed an order for 5. With shipping, cost was $41.20ea. Still a damn bargain! That’s the PCGS price for a ‘Fine 40’ Morgan. I’m sure I will now be flooded with junk mail to ‘buy more’ at only $99ea., but that’s OK.
Looks like unless it gets enough momo to cross some lines won’t do to much near term.
I noticed the brought up E Mac Donough plant tonight or afternoon on Fox Ingraham hour, and who ever she was talking for the Republicans talked like a defeatist. Said there such better at that kind of stuff that they are. At what, corruption? They better get better Repubs in there better at countering corruption and undermining the majority elected vote or we might see these losers in the party blow it for the majority mid terms.
Gold owes us a move. Hopefully silver takes another stab at $37
Theyre a constant threat to this country. They complain Trump didn’t notify them before bombing the nuke facility in Iran stirring up trouble and calling for impeachment not even knowing or knowing and sending out fake news by the laws he had all rights covered for the purpose of safety for the mission while at the same time will leak anything they can to their buddies at CNBC like it’s a game. The exact reason they had that provision in the first place.
Since when did it matter what I wanted.
I know what you mean. lol
Me and the other finally got my mom’s house sold going from over 3 mil to 2.5 then a bit lower and there’s quite a few of us after a divorce decades ago remarriage thing. You might want to know this but yours isn’t above sea level at least but perhaps on or near sandy areas. I find out yesterday inspection found the house is sinking. Say what!! Always something. It’s kinda sliding off the hill. They still want it esp for that price so the cost to fix it which is really pricy was deducted. Other wise for that many involved I feared it was gonna be a headache but it went pretty smooth. Anyways keep an eye on the foundations on beach houses. Besides the walls starting hairline cracks it a very large family room and bar pool table type room down stairs they put a golf ball on the floor and rolled across the floor toward the edge of hill its sitting on. Yikes
It should but should is a tentative word with this sector. Patients and stop lines although they like fakeouts too, is required.
Looks like things have recovered somewhat and the shares are being dragged a little higher against their will by the SM
$40 silver sounds good to me too Goldie, as a first stop.
They’ve really had gold pinned down against the dollar all weak, so it looks like the scum is somewhat back in control of the paper markets. That sucks until there’s some new buying to shake things up. I guess holding $3300 matters, but I’d rather see strong bounce off it than a drift sideways.
Since when did it matter what I wanted?