Afternoon everyone....
So it’s kind of a gloomy day here in the Northeast. It’s suppose to start raining at some point today, and all through tomorrow. The temperature hasn’t been that great either. We have been high 30’s low 40’s for the last several days. Sunday and Monday were windy as hell. We had gusts up to 45 MPH at times.
Next weeks forecast is looking a bit better. Most high 50’s all week. I hope that is accurate.
Well anyhow.....
Since last Friday’s major dip in prices, gold and silver have been pretty stagnant all week. One days small gain gets wiped out the following day.
Gold is up less than a dollar over last weeks closing. While silver is down just under $.20 this week from closing last week.
Here is a current screenshot from Bullion Vault....
I guess the stimulus checks have no affect on the prices this time around. The last two checks had nice bumps in both metal prices.
Premiums are still through the room on both metals. If you look hard enough you can find deals for 8-9% above spot on gold. Silver....well those premiums are still crazy stupid in my opinion.