Anyone watching silver and gold? It has been falling...

in silvergold •  7 years ago 

See for yourself...
https://silverprice.org/

These past few weeks I have tuned out the market completley. So I haven't been keeping up. The price of Bitcoin got me so down that I gave up!

So now with this recent Bitcoin activity I've been back to checking the price every so often. I figured if Bitcoin was going up, so would silver and gold. Then I checked them just now and saw that they are falling... SMH

Silver today fell to $15.19!!! WTF!?

Doesn't it cost more then $15.19 to mine an ounce of silver???

Gold went down almost $100 to $1212. It is now back up a little at $1224. Honestly these prices are insane. Gold and silver both should be through the roof!!!

I guess if you can afford it buy as much as you can while it is cheap :-).

Stay Un-Tune-Ed

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I plan on adding to my stack soon. Have noticed it struggling hope I'm not trying to catch a falling knife. Silver especially is forming a tight wedge, so we should see soon! ;)

Rich people manipulate the price with paper gold.
Naked trading.
As long as they cover their bets the price stays down.
They do it in crypto, too.

I knew that. Which is why I'm puzzled cryptos are going up while precious metals are going down. Hmm...

The old guys are starting to listen to the kids?

You cant really explain markets, if we could they wouldnt function.
Not all the people involved are rational all the time.
Some days they have debts to pay and have to sell.

Agreed, time to buy! :)