It went from $4 to $45 in three days.
We’re lucky the metals still have any gains
Shares getting flushed as they dismantle the SM.
Buygold
Yeah but don’t tell anybody once they figure it out cuz it won’t help the PMs.
How is it possible
with gold up $70 and silver up over 3% can ANY pm share be down still??? And yet….
treefrog – got it
Re Dow Down 881 Points
I’m thinking if the indices keep dropping it should be deflationary, it would lower the money supply. Maybe even lower rates. I remember the 1970s the rates and Gold went up together until they hit 21% on the prime rate and 18% on variable mortgagees.
buygold,
no clue as to what may play out along those lines, but the possibility preserves his fifth amendment rights.
Warsh must be speaking now
and sounding less hawkish.
Thataboy Kevin! Tell em you’re firing up the presses!
Taking a little leg up. The QQQ’s have turned, we may have a chance.
treefrog – interesting
So, if not federal, are you thinking he’ll be charged in individual states and therefore is taking the fifth to protect from that future action?
Hope so maddog
but looks like a head fake at the moment.
To be clear, there’s just no way they’ll allow us to move higher with the SM down. They have been killing momentum for the last 6 months.
I hope I’m wrong because a decent up move would make that GDX chart look a lot more appealing.
buygold
fauxci has a pardon, but it only applies to federal crimes. thus, he retains the 5th amendment rights.
Nearly there….the short who has sat on this mkt for weeks is now caught…..they may find no sellers to buy back from
Hourly well thru
Alex – of course you are right
He has the right to take the fifth. He also has a pardon from Biden if I’m not mistaken.
I suspect he’ll be like the rest of them and walk away unscathed and rich.
So, it looks like they went with the frontrunning plan yesterday
Now will they let us recover and hold the gains we lost?
No doubt, the insiders had the scoop well in advance today, which should tell us that its the govt. that is doing the selling all day, every day. Everything is so corrupt. They don’t even try to hide it anymore.
As much as I hate what Fauci did , he does not have to self-incriminate
but Rand Paul has the evidence . I do not believe he can escape justice and doing time after after an honest court tries him .The congressional hearing exposes Fauci’s guilt to the public. If a kangaroo court exhonorates him , I think the public has had enough of corrupt federal judges to start taking street justice . Lawfare is just about to go off the cliff as the public awakens . I will be happy to see the end of wokism .
Ipso
Fauci should be handcuffed the moment he stands up. He had all the snippy answers when Rand questioned him before. It should be illegal for him to take the fifth.
The little rally in the metals is a head scratcher. Probably just a head fake to suck in more of the hapless bulls like me. 🤨
It does go to prove that the shares are hopeless.😔
more Iranian attacks
The Hormuz Letter
@HormuzLetter
·
32m
BREAKING: Footage shows crews working to put out a fire on the US-owned floating platform in Egypt following a drone attack, with initial reports Iran struck it.
Gold and silver now up on the day
Shares following a different path …
Joe Bonanno would have been proud
Wall Street Mav
@WallStreetMav
·
3h
Fauci invokes the 5th Amendment during the Senate hearing on the origins of COVID-19, refusing to answer questions from Congress.
@Buygold
Right I remember that $4500 low. It held for about 5 weeks and suddenly started dropping to $4000. I think $4000 is the bottom now, holding for 4 weeks now. Gold will always surprise us.
I knew on day one that war was a big mistake. I suspect Iran was getting ready for decades and was happy to get attacked so they can show the USA and Israel and the world their abilities.
Gold Chart: https://finviz.com/futures_charts?t=METALS&p=w
These guys know the long term trend
Willem Middelkoop
@wmiddelkoop
·
1h
China invested $18 billion in gold mining deals since 2004

GLD and SLV are positive!
You have to be kidding!
Gee, will the shares turn too?
Tough bet to make.
