Other Hobbies

COMEX accepted another 3 million ounces of silver delivery calls yesterday.

They now have to produce 517 million ounces by March and have 120 million ounces available.

Is the entire paper silver market going to crash?

Oh, and refineries are paying OVER spot for Eagles.

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Futures are way down today. Which is weird. I think with a big run on paper they would need to fulfill which would make demand higher and prices go up.

Paper is being manipulated big time. Fiat demands it.

Just swapped out all my home network gear for a ubiquiti setup.

In the process of swapping out my cameras for theirs as well. Running a few new Ethernet lines in the process…so that’s my new and somewhat expensive hobby for the next few months. All my net comic sales going to that pretty much.

Finding hot books and setting up VLANs and Firewall Rules. Heck of a winter :joy:

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Relevant to the gold and silver futures discussion.

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I thought there was no gold in the gold medals, the same way as there’s no champagne in the champagne rooms

Gold plated. So ā€œinā€ probably not. ā€œAround the exteriorā€ there is…

Gold and silver spiking again. Are we a to discuss why?

Yessir.

My other hobby is 3d printing and collecting plastic toy soldiers, Star Wars action figures and other vintage toys.

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And correcting again…

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So is this related to geopolitical war or something else? I know nothing about fancy metals.

Right now, most are saying dollar (USD) strengthened so you’ll see the drop in precious metals values, which is kind of current. Markets work in mysterious ways though, we all know that even in the comic book world. It’s kind of dumb to see a company like NVDA beat Wall Street expectations by a mile yet their stock goes down. A company lays off employees, stocks go up, cause shareholders know they’re saving money but if a company is hiring like crazy, stocks also go up, shows the company is stable and strong, etc. Honestly I think when the breeze changes direction is the major factor of wild swings in the markets… just like a traffic jam can be caused by just one car, one notable person panics on Wall Street, everyone seems to follow… if even if one company doesn’t do well from Wall Street predictions, they start dumping all the related companies as well.

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This!!

I am still buying the dips. I dropped more money into the investment account today.

Yup, I bought a bunch of crap today just to lower my cost basis on some of them… :slight_smile:

Market manipulation!!!

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Sticking with D’Orc, myself. Can’t go wrong.

Back in the day, early 90’s, when I was in school I wanted to be a stock broker. Took an investment class and the first day of class, the teacher asked for all the students to raise their hands that wanted to be brokers. When the whole class did, he laughed. He told us, if we wanted to be brokers, to be communication majors, because being a broker was just a sales job. When I asked him about it further after class, he suggested that I read about Burton Malkiel’s Random Walk Theory. I did and it changed how I thought about stocks, predicting futures, et al. As I’ve gotten older the world had gotten smaller and information has become instaneous. Some more than ever, I don’t think you can use the older standard models to predict markets. Monthly jobs report comes out this Friday and who knows how the markets will react? Comic speculating is a microcosm of that. So my thought on speculating? Take the money and freaking run! Even if you like the book, 90% of the time you buy it cheaper and use the profits on getting stuff you really love and don’t see all the time. Sorry to be long winded, just my two cents…

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Dude, it’s almost like… I like the colors of that company so I’m gonna buy some stock and boom… I made money! It’s like picking the better logo for the team you think is gonna win… :wink:

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