Posted on 04/09/2021 6:48:17 AM PDT by SaxxonWoods
U.S. producer prices increased more than expected in March, resulting in the largest annual gain in 9-1/2 years, fitting in with expectations for higher inflation as the economy reopens amid an improved public health environment and massive government funding.
(Excerpt) Read more at cnbc.com ...
Can someone explain why Gold and Silver sink every time news of higher inflation comes out? Shouldn't they rise on news of higher inflation?
>>Gold and Silver sink. Gold and Silver both down well over 1% this morning.<<
Why I think I’ll buy some. lol
Any of these old correlations are now a thing of the past. Its all about money supply and asset of the day, chase. And of course Bitcoin.
Why I think I’ll buy some.
Shouldn’t they rise on news of higher inflation?
Exactly. If we’re headed for inflation it really is a no brainer.
Then why do they go down every time bond yields go up?
Makes no sense. All the gold and silver bugs should be buying on today’s news.
Can someone explain why Gold and Silver sink every time news of higher inflation comes out?
I see this as a great time to buy and a very bad time to sell. BTW, try buying physical silver at the going price and see if you have any luck.
Keep in mind, the electric car and solar power boom suck silver out of the market.
See my post below yours.
I think Gold and Silver markets are too small these days and are rigged.
I have no interest in safes full of silver and gold.
It’s artificial, being kept down as I hear it.
I’m seeing no special movement at this site:
https://goldprice.org/
I watch it pretty much every day and am seeing “business as usual”. It’s bouncing around in its typical range. It was lower last week, BTW.
Same with silver. You can see it there (using a select button), or go to the sister site: https://silverprice.org/silver-price-chart.html
On the site above I’ve directly linked to the first chart I look at. On both sites you can toggle between gold and silver.
And to get a better picture, look at the five day chart. And one month, six month, etc.
Gold has dropped to the last summer value, but silver stayed up.
Another Biden Miracle!
I think CPI has to roar for Gold and Silver to go up vs dollar. I think a decent predictor of direction for them is to subtract 10 year yield from CPI. If negative, gold and silver go down,if positive the they go up. My 2 cents.
I watch it every day. It’s just like diamonds and oil. Big players can produce all of those things they want, and they do, when they want.
Show us a chart of Silver’s last high adjusted for inflation. IIRC, it was years ago.
I think a decent predictor of direction for them is to subtract 10 year yield from CPI.
All the gold and silver bugs here say the CPI is rigged and not true. They make up their own numbers.
They’ve been screaming about inflation for months, as has most everyone. All the metal fans ever talk about is buy, buy, buy, never sell. If that was happening, metals would have been rising for months now.
Either metals bugs just talk and have no money, or those markets are rigged. And physical is even worse. It looks like the best way to make money in metals is to be a dealer and live off the spread. Like casinos and bookies do.
I have no interest in safes full of silver and gold.
My parents actually intentionally left a derelict car in their driveway (and other visual clues) to convince their neighbors they were poor. But he had over a million dollars in PM’s in his safe. Not to mention 17 guns, about 40k rounds of ammo and a lot of cases of “mormon” food.
We honestly had no clue. Now, the safe is empty, a lot of it has been sold to pay off mortgages or moved to safe deposit boxes, and my brother traded in the safe for a much smaller one for his apartment.
I’m not dissing my father, though. He set us up for what is coming. He did good by us in a lot of ways, that being but one of them. You could call it self sacrificing for your progeny. And I’m trying to follow in that tradition via real estate rather than PM”s. You can use real estate while it increases in value. All you can do with PM’s is look at them - and hope someone doesn’t take them from you.
That being said, It’s nice to have a few in a safe deposit box, just in case.
Inflation. Jimmy Carter on steroids.
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