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Posted on 04/16/2025 10:00:26 AM PDT by Miami Rebel
Gold gains some ground despite U.S. dollar’s rebound as traders focus on the continuation of the pullback in Treasury yields.
From the technical point of view, gold needs to settle above the resistance at $3235 – $3245 to gain additional upside momentum in the near term.
Silver remains stuck below the 50 MA at $32.51 as traders wait for additional catalysts.
If silver moves back below the $32.00 level, it will head towards the nearest support at $31.45 – $31.75.
Platinum tests new highs as rally continues amid tariff optimism. Platinum is heading towards the nearest resistance at $960 – $965.
In case platinum climbs above the $965 level, it will move towards the 50 MA at $975.
Inflation looks like a good trade.
We’re literally just gonna watching in realtime the final gasps of the fiat dollar currency. There is simply no more value to continue, having fallen 97% from 1913 to today
Treasury yields dropping is much more important than movement in gold.
Silver metals seem to suck.
I have a bunch of platinum that I bought around 1700
I should have bought gold
“We’re literally just gonna watching in realtime the final gasps of the fiat dollar currency. There is simply no more value to continue, having fallen 97% from 1913 to today”
This comment makes me feel like I’m in a time warp from 1965.
John Birch Society, remember them? They are still around, just don’t get the coverage they used to get.
The current 14k gold price per gram is $61.40. For those that have gold jewelry: 31.1 grams in an ounce or $1909.54 ounce for 14K gold.
Hmmm. Should I sell my broken necklace now, or hold?
This comment makes me feel like I’m in a time warp from 1965.
John Birch Society, remember them? They are still around, just don’t get the coverage they used to get.
****************
The Birchers were before my time, so I’ll take your word for it. I like their anti communist posture but I’m not sure I’d take their financial advice.
On another note:
If I earned a dollar for every time I’ve read an “end of the dollar” story.
I’d be as wealthy as Buffett or Musk.
Yeah, silver isn’t really going anywhere substantial. One time, many years ago, it hit $50 and hasn’t approached it since. I’m probably going to unload some silver. I think for forever people have been saying and pleading that silver was going to outperform gold on a percentage basis. It’s never been close and will likely never be close.
Platinum, palladium, and rhodium also have done pretty much nothing for a long, long time. Not worth owning, IMO.
I can make platinum and silver go way up, all I have to do is sell mine and within days it will rocket to the moon
I asked the smartest man I ever knew (according to many of his friends) about it, a guy who rode a burro to school in Italy, was a drummer boy for Mussolini at 10, then served under Patton in WWII at 19.
And Dad said, “Just keep going. If you live like it’s going to happen and it doesn’t you will be in trouble. If it does happen we are all in the same boat anyway.”
Birchers seem like Libertarians to me. They have some good general instincts, but their theory on how to move forward feels incomplete.
One of those immutable truths.
If you would like to be on a Gold & Silver PING LIST, pm me.
The Gold & Silver Ping List covers the following:
Everything Gold & Silver
Stock market investments in mining companies,
etc.
Hard to add to he stack now.
.
I sure understand.
“Those stock markets sure do suck.”
If you put only into Nasdaq versus gold in 1986 you would have 8x the money.
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