They all look like hockeysticks to me.
Well, I don’t know about this. I have a very good investment in copper, lead and brass that has appreciated very very nicely in the last few months.
Same goes with the high capacity ‘storage’ boxes I have for them, too.
The precious metals market is fake, with pricing based on trades of pieces of paper. Physical precious metals continue to do well and are in short supply.
Many retailers are either out of precious metals or there is a 4-6 week backlog.
I’m curious about silver, seeing that being pushed a lot lately and will it follow gold in a downward spike as well?
Poor man’s gold, copper.
Even if we get invaded my Moose-Limbs they won't eat your food....
When Gold hits bottom buy all you can and make a fortune. Everyone with lots of graphs are an expert until unintended consequences come along.
PING for later
If silver gets down to $20, I’m going to have to reassess my buying priorities.
FWIW, The Clivester, as some of us refer to him, is usually an excellent contrary indicator. When he comes out strongly bullish or strongly bearish, he’s almost always wrong.
OTOH, the negative action since last December and the recent crash are pretty sure to take a little longer before we can make a bottom here. Maybe another month or so?
JMHO.
I am not so sure about the drop in the price of copper, a few days ago the Rio Tinto mine, 20 miles southwest of Salt Lake City, Utah, had a Major cave in. The mine supplies 18% of the total copper used by the US. The mine is over 3 miles across and it will take several years to get up to peak production. Copper may be a good buy, right now.
FWIW, this is his short term prediction. And unless you are shorting the market, don’t look forward to a commodity crash as that will happen because it will be forecasting the world dipping back into recession.
When the DOW trades 2:1 to gold, then I will know gold is over valued.