A really bad sign or a really good opportunity?

[StratBastard]

[red442joe]

@Inor
Stack cash, watch end-of-the-year/early-next-year for cash buyable deals? Most especially properties?

Joe

[Inor]

Yep. Silver has been mirroring the crash, falling to $27.05 today. That's because for every ounce of physical silver, there's at least 100 ounces in paper instrument silver: stocks, futures, you name it. So, 99% of that market being paper, it gets hit like everyone else.

Gold, silver, Bitcorn, etc. are going to continue to get slammed as the markets go down because the guys that leveraged up to buy the hype are having to make their margin calls, forcing them to sell something. PMs have had a pretty good run so it makes sense to take some profit to cover other losses.

[StratBastard]

[StratBastard]

India's silver imports to double on demand for solar, investment

This year's purchases could rise to between 6,500 and 7,000 tons due to the rising industrial demand, said Chirag Thakkar, CEO of Amrapali Group Gujarat, a leading silver importer.

India's silver imports in the first half of 2024 jumped to 4,554 tons from 560 tons a year ago, trade ministry data showed.
"There is a traditional demand for jewellery. People are also buying for investment purposes now that the duty cut has made silver more affordable," Thakkar told Reuters on the sidelines of the India Gold Conference.

India slashed import duties on silver in July to 6% from 15%, a step aimed at tackling smuggling.

Thakkar said investment demand had been "phenomenal" in the first half of the year as people bought silver anticipating that it would give them a better return than gold.

Local silver futures hit a record high of 96,493 rupees ($1,151) per kilogram in May and are up nearly 14% so far in 2024, slightly exceeding a 13% increase in gold prices.



https://www.msn.com/en-in/news/other...d=BingNewsSerp

[Jester-ND]

guy on radio said Russia upping their gold buying from 1 million rupies a month to 7 million....

[Chiefster23]

The Fed and our government seems hell bent on inflating our dollars into toilet paper. A stash of PMs buried out in the back 40 doesn’t seem like such a far fetched idea anymore. Just don’t forget where ya buried it!

[Inor]

Johnny Bravo has been getting more and more political lately. (I never knew he even had any political opinions until recently). He's still fun to watch when I am highly caffeinated. He is also good to get my options trading fix without actually putting money on the line. But I am getting the itch to start trading some options again. Maybe I'll play around with a few as we seem to be in a good bouncy period where we can make some decent money quickly.