Investing General Discussion

B_Mizzle said:

Yeah spx been trying with 7k for too long, need to get those numbers up.

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Looks like Davos jump started the speed of this cycle. Since today he announced a "framework" was reached for a deal. Which would now put us at step 8 to lead into this weekend.

Tirant said:

How we feel about Bitcoin? Seems like its been sitting out the recent rally.

Might pick up som IBIT.

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Historically..... BTC will tend to rally AFTER a Gold rally finishes/pops. Gold is still posting new ATHs, so BTC being somewhat subdued isn't that surprising to me.

Question is if we're really seeing an irrational bubble in gold/silver prices, or if this is the "new normal". If the latter, then I we'll be in "new discovery territory" with BTC.

Tirant said:

I swear every time I mention a ticker here it immediately does the opposite of whatever I say haha. Btc down 2k since I posted that less than an hour ago.

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Better to know what kind of bellwether you are than make the wrong assumption.

Gravel said:

I sold about 32 ounces (quarters) when it was in the low-mid 20's a couple years ago. Kind of sucks, but oh well.

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Relative to my posting about copper in Politics... I also melt some silver as part of my metalcrafting hobby. I have purchased lots of "junk" silver jewlery which is .800 purity. Melt it down to make coins and things. Also a tiny pile of actual rounds which I bought ages ago (when it was around $15 an ounce).


Certainly nothing to declare "big pimpin" over... and if anything makes me a little sad now because I liked casting that junk jewelry into things, but now even the junk lots on eBay have gotten stupid pricey for instance:

That's 10.55 ounces, or effectively 9.76 ounces of actual silver. They want $750, and at spot today it's still a bargain with spot over $100 making it worth around $1000. It's crazy.

But I also believe this is pretty obviously a bubble, and going to pop. But even after it pops I won't be surprised if it only drops to $40 an ounce.