If you look at the recent historical price of gold, there have been steep temporary drops in the price just before it surges to all time highs. It's just the calm before the storm. Hang in there. 💪👊
Really curious to see what will take for gold to break $4000 (cad since I'm in Canada). It keeps lingering around there but hasn't hit it yet. It's interesting how that happens.
@@FrancoM7747 Correct. Which means that the correction is based on the relative value of the dollar and not much else. Good for consumers; not as good for investors.
The Fed should time their meetings with a little more consideration for people acquiring precious metals.They should have a meeting before black Friday &cyber Monday 😅
Equity market drop 20%+...Gold bottom is $2500...Gold rebounds to $2885... Equity market is a rollercoaster to the downside in 2025. The market is Overvalued and market sentiment is at all time highs ....
Looking at 5 and 10 day volume profiles, it was easy to see the weakness in the gold and silver markets. Never trust anyone. Go by the markets’ own actions and behavior.
Just so you know. After Germany, Poland will tax silver and platin with 23% VAT. After Germany did that (19% VAT), the market noticed a 90% drop in silver trading.
Won't be the first time, Won't be the last. Gold and silver is not an investment, it's a shield for your wealth that cannot be devalued. I've seen gold go down 150 in one day in 2019, this is nothing. To protect yourself against devaluation, spot price is completely irrelevant.
So glad I bought in 2007 and after. I was a supplier to Newmont back in 2000. Good Customer and people. Wish I bought thier stock and physical at $250.
The US DOLLAR is SO STRONG ...I wish I got paid in US DOLLARS and had my accounts in dollars and had dollars in my wallet ...Oh, wait, I'm an American, I do!!
I watch almost all of your content but I should comment more often just to feed the algorithm. Buy the dip. I certainly will. And thanks for another great video brother.
I wish there was a decent producer of functional gold jewelry (functional, as in not 24K) that didn't have astronomical premiums like at the jewelry store. I'd be a buyer. Perhaps it exists and I just haven't found it yet.
You should buy gold multiple times over several days; if you wait too long, you might miss the opportunity, but if you buy too much while the price is falling, you could miss out on a better price.
It’s already shooting back up real fast right now. It’s up like 18 bucks. From the dip. I’d love for a real huge dip like we all would so we could back the truck up. Lol
Just a couple months ago, the SPOT PRICE of gold reached $2,787 per ounce. However, no one could find a BUYER to pay that amount for physical gold. Even if one were selling U.S. gold eagle coins, which demand a premium; few dealers would even pay you spot price for them, much less pay a premium. What use is holding physical gold when no one will buy it when prices are high? Same shite different day.
The three big online dealers JM, SD, and APMEX will buy your gold right now, today, your whole stash. Now you are correct in that they have to make a profit, so they typically pay $100 below spot and they sell for $100 above spot. That space between +/-$100 is where they make their money. That is totally normal, and it should not matter to you because you should only be selling your gold after you have held it for 10 to 20 years and the price has gone up 10x from when you bought it. Who cares about a hundred dollars?
Yep I said if Trump gets in it will go below 25k and silver will go below 30 heading back below 28....IF there is a smooth transition to power for Trump
Surprise dip??? Not at all. You're looking at and focusing on the wrong thing. The 10-year Treasury Note yield jumped 20 basis points from 4.38% to 4.58%. Gold price dropped $62, from $2,648 to $2,586. Makes perfect sense. No surprise at all.
They talked only two cuts in 2025, as you stated, which strengthens the dollar, especially against other currencies. The dollar is going to destroy the financial world in 2025 due to its relative strength. It's not great for gold in USD next year. Gold will probably go up in other country's currencies though. I want to buy more, so I'm okay with it.
🔥🦅 EXCEPTIONAL DEALS ON ALL AMERICAN GOLD EAGLES!! summitmetals.com (Great deals on everything else too.)
Price goes down, stack goes up.
When looking at the charts a year ago when gold was around 2000 and seeing it increase to $2740,
well... that $100 pull back doesn't feel like much.
I am a firm believer in history. A couple of things that come to mind- Gold has NEVER been worth zero and republics NEVER last.
Agreed.
American Republic was doing just fine before Saffron Stalin decided he wanted to be president
What other republics in history have failed? I’m not big into history.
@@chuyg1992 There are hundreds and hundreds. Confederate States of America is one that collapsed right here.
@@chuyg1992 Not many ...just ALL of them
Oct 1st 2023, gold was just about 1800. So now it is only up 750 instead of 850? In 14.5 months? I'm happy with my gold.
Yep!
Gold was at $1800 about a year ago? I don't remember that.
If you look at the recent historical price of gold, there have been steep temporary drops in the price just before it surges to all time highs. It's just the calm before the storm. Hang in there. 💪👊
It's nothing new in retrospect... I've been watching these things since about 2000. Nothing moves in straight lines.
Work hard. Save smart. Spend little.
Repeat.
🤜🤛
👊
Hell YA!!!!🎉
You forgot "play" in there somewhere--- very important!
Right, but live a little too. An asteroid could land on our heads tomorrow.
In summation: price may go up. Price may go down.
Excellent shit
:)
✊
well, I would asy that prices MAY go DOWN in the near future, but then will definitely GO DOWN again before finally going DOWN
Everything took a hit today!
Sure did. Might still be a knee jerk reaction, though.
More gold and Ripple, baby!
Great minds think alike. XRP, even with recent the attention, is being completely overlooked by most. @@іѕоторё
Buying opportunity
Don't 'buck' the system, will keep buying on the dips!
Yeehaw ✊
What a coincidence. Gold is running dead even with my tv cable bill.
Sounds like it’s time to buy a 1 ounce Christmas present for myself 🤔🎄🎅
Why not 🎉 happy Christmas dude 🎉🎉
Merry Christmas!
I didn't think that I would ever be able to afford another buffalo again. Now I'm hopeful.
Last week you wanted a dip here you have it guys enjoy buying
👏
Feels rough after grabbing two oz yesterday… only lasts for a min though.
I bought three on Monday 😮
I bought about a hundred ounces of silver before the dip. Doesn’t bother me a bit. I’ll be buying more either Friday or over the weekend.
@@TomMoore-vi5ic I prefer buying without a blindfold 🙂If price doesn't matter, where are we then?
Really curious to see what will take for gold to break $4000 (cad since I'm in Canada). It keeps lingering around there but hasn't hit it yet. It's interesting how that happens.
Expect to gold to dip further, lil. 2500 an ounce before going to 3000
Not a surprise. Everyone knew the FED was going to come out hawkish. They had to.
Clearly a surprise to all the traders!
Guess it's just me then 😊
Always great videos.
Thanks!
Buy the dip
Current price at 6:40PM PDT IS $2610.72.😊
I put a pause on gold buying for a while, might pick up a little
So did I. Or should I say my wife hit pause.
Everything dropped. Stocks, metals, crypto, and more!
Everybody was caught off guard on this one!
All except the dollar.
@@FrancoM7747 Correct. Which means that the correction is based on the relative value of the dollar and not much else. Good for consumers; not as good for investors.
So its the Fed's move on the dollar that shaked everything. Seems quite artificial.
The Fed should time their meetings with a little more consideration for people acquiring precious metals.They should have a meeting before black Friday &cyber Monday 😅
OR .... the FED should no longer exist .....just a thought
The Fed timed it perfect for the Chinese, who thought it was very considerate.
@beaversstumpgrinding3352 maybe the Fed is also on their payroll 😂
Equity market drop 20%+...Gold bottom is $2500...Gold rebounds to $2885... Equity market is a rollercoaster to the downside in 2025. The market is Overvalued and market sentiment is at all time highs ....
Well stated, mate. 👍
I told a friend that he could expect a dip when I bought about a week ago. I was a little early with my prediction but here we are. Thanks!
✊
😂 it’s ok ..
Calm before the storm, dip before the flip, diving before the smiling, muffin before the chuffing,.
Gold drops this morning i still have it in my pocket ,,, Bitcoin drops this morning they have nothing! Holding Holding Holding!
Uh no still have the bitcoin lol
Looking at 5 and 10 day volume profiles, it was easy to see the weakness in the gold and silver markets. Never trust anyone. Go by the markets’ own actions and behavior.
Time will tell, lets see what happens!
I bought before the dip; you're welcome.
Thank you for your sacrifice!
Same I bought this weekend lol
J Powell. The Grinch who stole Christmas 🎄
Great video brother thanks for the info 🥃🥃🥃
Thanks Nate!
Just so you know. After Germany, Poland will tax silver and platin with 23% VAT. After Germany did that (19% VAT), the market noticed a 90% drop in silver trading.
No vat for gold?
@@unaffiliated_x9279 not yet haha 🙂
Won't be the first time, Won't be the last. Gold and silver is not an investment, it's a shield for your wealth that cannot be devalued. I've seen gold go down 150 in one day in 2019, this is nothing. To protect yourself against devaluation, spot price is completely irrelevant.
Thank you for the gold PSA 🤣 👍🏻
Not a dip. Its a tamp.
I plan on personally adding lots of Platinum next year. It has such a future over next couple years. The medical use just keeps rising for it.
But the med industry will never come begging for your ounces - and not very many LCS's will take it off your hands. Would gold be wiser?
I see nothing but buying prospects
Cowboy let s buy the dip 👈
So glad I bought in 2007 and after. I was a supplier to Newmont back in 2000. Good Customer and people. Wish I bought thier stock and physical at $250.
Can't wait to buy more gold 👍
Do I buy at $2587 or wait. No nobody knows!
Never catch a falling knife...let it settle
Was going to buy the dip but had to bail my brother out of jail tonight...
That's ok buy the dip in the future. Might be bigger dip
Good on ya. It sucks,but at least you have your priorities straight. Can't let him be in there and be a bro
Now u can buy thr dip.
This year is not over yet.
I look at this sale as a good thing.
CAD got crushed today as well.
The US DOLLAR is SO STRONG ...I wish I got paid in US DOLLARS and had my accounts in dollars and had dollars in my wallet ...Oh, wait, I'm an American, I do!!
I watch almost all of your content but I should comment more often just to feed the algorithm. Buy the dip. I certainly will. And thanks for another great video brother.
Appreciate it. Cheers! ✊
I wish there was a decent producer of functional gold jewelry (functional, as in not 24K) that didn't have astronomical premiums like at the jewelry store. I'd be a buyer. Perhaps it exists and I just haven't found it yet.
Send a note to support@summitmetals.com - tell them I mentioned their jewelry offerings to you and you're wondering if they're ready to go.
Watching from the Bench coach
$2586USD = -59.75% for the day - gold got smashed, it is not likely to recover and may fall to 2300USD
Yeah Yeah! We heard that same narrative last year 🙈
I'm a buyer. I'm looking at 2590 now. Wait a little longer? Or maybe tomorrow?
Hard to say. Traders might come to their senses!
You should buy gold multiple times over several days; if you wait too long, you might miss the opportunity, but if you buy too much while the price is falling, you could miss out on a better price.
Just pulled trigger on a BU Saint for $2550....score
Nice!
It’s already shooting back up real fast right now. It’s up like 18 bucks. From the dip. I’d love for a real huge dip like we all would so we could back the truck up. Lol
It will go lower just wait it will be a good buying opportunity
Diversity is 🔑 gold/silver/platinum/crypto-it’s gonna be one hell of a ride people!
Gold is gonna sail tomorrow or later
Is gold price can up?
Just a couple months ago, the SPOT PRICE of gold reached $2,787 per ounce. However, no one could find a BUYER to pay that amount for physical gold. Even if one were selling U.S. gold eagle coins, which demand a premium; few dealers would even pay you spot price for them, much less pay a premium. What use is holding physical gold when no one will buy it when prices are high? Same shite different day.
Find a better shop. I know one that has never offered under spot.
That's not true. Maybe just your limited experience. I know for a fact that people sold gold at ATH. Either online, private or local LCS
If your in the uk just use the royal mint they pay 2% below spot price with gold no matter the current spot prices they always accept
The three big online dealers JM, SD, and APMEX will buy your gold right now, today, your whole stash. Now you are correct in that they have to make a profit, so they typically pay $100 below spot and they sell for $100 above spot. That space between +/-$100 is where they make their money. That is totally normal, and it should not matter to you because you should only be selling your gold after you have held it for 10 to 20 years and the price has gone up 10x from when you bought it. Who cares about a hundred dollars?
clear head-n-shoulder pattern in silver suggesting bearish retracement. gold chart not as clear.
Im dipping. Dippy Do. You dip we dip😅
Bought 4 buffalos today. Love your channel man! Make another account on pew pews , books, and knives perhaps!?
Nice, and thanks! I'm kicking around something on another channel. Atlas and LMT feel like gold. 😄
@ thank you! Is that the channel name? Sorry I’m special 😆
I just picked up a 1/4oz maple for 699 from summit metals. Thanks for suggesting them.
Nice!!
@ their prices are better than any dealer I’ve seen both online and LCS. I think they will be my go to from now on. Happy Holidays
@@Convoyman2004 Happy Holidays!
Yeah i'm thankful for the dip, Just wish I would have held off from buying gold yesterday 😅
I love Summit metals. What a great place to buy gold.
Not happy at all!! I am in silver plus some margin...down 20% in 2 months
$2587 right now!
🚨
Yep I said if Trump gets in it will go below 25k and silver will go below 30 heading back below 28....IF there is a smooth transition to power for Trump
@ 💯🎯
what should be our next reaction guys ?
@@quyhoang5134 hold on
It’s already halfway back from the dip
We are the worst horse in the glue factory, when every child born is already in debt to their eyeballs. People just don’t want to face facts.
I dip, u dip, we dip
Damn, just bought another 1/2oz Britannia on Monday😢
Should I buy gold now or wait ??
Gold is in a range right now - give it a wait till after New Year.
Every market.
Nobody expected the new dot plot matrix!
Except the dollar.
I bought gold today on the dip, but I have a feeling there will be more downward trajectory. Maybe below 2500
According to CPM Group's videos there should be a floor at $2550.
Stackity stack stack !!
Would be good if Summit metals sell gold wallet in amazon too
About to take a dip into the dip🙂
Fellow Grimsmo fan, I see! Nice knife and pen 😁
Grimsmo Gang ✊
So inflation will make the fiat exchange paper worth even less .
Surprise dip??? Not at all. You're looking at and focusing on the wrong thing. The 10-year Treasury Note yield jumped 20 basis points from 4.38% to 4.58%. Gold price dropped $62, from $2,648 to $2,586. Makes perfect sense. No surprise at all.
The catalyst was the surprise. Everything else was a result.
well I was on the fence...but the last dip motivated me like a drill instructors gentle prodding...
Ha
Suprise!!!, Not. Buy,buy,buy.
I love me some Summit Metals.
They talked only two cuts in 2025, as you stated, which strengthens the dollar, especially against other currencies. The dollar is going to destroy the financial world in 2025 due to its relative strength. It's not great for gold in USD next year. Gold will probably go up in other country's currencies though. I want to buy more, so I'm okay with it.
Wake me up at the 6 month low.
Buying at my usual rate….lol slow and steady!❤
Wonder with price drops will premium go up
"Break a hip and buy the dip."
- Charlie Munger
😄
So glad I bought a little last week😂😂😂
😄
Me too😂
Uh, I would stick around and leave a comment, but I gotta go somewhere. Nowhere in particular, just gotta . . . GO!
🚀
time to go from 1/4 oz to 1oz buying
Watching 👀.
Why the whiskey glass so full?
'cause metals got slammed 😊
Hard correction coming. BTFD!!! 3K gold quarter 3 2025.
🚀
Summit has 1/4 for $706 gotta pick up a few
Wait until after the inauguration
These 'Gold Channels' ALWAYS saying Gold about to quadruple, well dont listen to them, they are just trying to drive up prices.
TH-cam channels can drive up metal prices?
Ha. What gold channels are you listening to?