Metals, She Wrote: Dippity-Do-Da

My, oh my, what a wonderful day….for bullion buyers.

I’m a Texan, so my favorite dip is ranch. Or salsa. Each is incredibly satisfying.

As a silverbug, my favorite dip is happening as we speak- a bear market has gold prices sitting around $1209 this morning, while silver’s spot price is a mind-blowing $16.56.

When prices are this low, where do I start buying? The ASE is obviously a classic, but …have you seen the new 2017 Queen’s Beast- Griffin or the Nordic Creatures? Personally, the Nidhoggr 1 oz Silver Antique Round is my favorite.

Aside from how to react to the market, I’m wondering, how did prices get so low? We were all told a Trump victory would send precious metal prices soaring. Well, aside from a short spike on election night, I have yet to see these alleged spikes. Call me crazy, but it seems gold is actually falling because the world isn’t ending…

Well, my theory, aside from the fact that I think rational human beings should rarely, if ever, take action on predictions from main stream media, is the election night results aren’t quite the catastrophic world event that was forecast. The dollar is strengthening. While the jobless claims report was anticipated to indicate around 257 K new claims, only 235 K new claims were reported. That’s historically low.

By no means and I am Trump fan-girl. And, I don’t wish to get overly political on this blog. I just think it’s interesting to note the sky actually isn’t falling, and the Apocalypse isn’t here, as so many were certain it would be. I think America is resilient, and while we face ample issues of unemployment, debt, terrorism, and a host of other plagues, I believe we have at least a glimmer of hope.

Back to the dip- what are you planning to buy? What should I buy? What’s your favorite new release- Nordic Creatures, Colorized Norse Gods, Queen’s Beasts, any of the new 2017 sovereign coins from mints around the world? Let me know, below!

I hope everyone had a safe Veterans Day (thank you to the courageous men and women who serve and have served), and have a blessed Thanksgiving from Provident Metals!

Happy Stacking!

-J