maddog
Thanks for your charts. So I wasnt doing any position trading and just holding what I had left I may not have seen it.
Good to hear on the news but don’t trust it just yet. I was thinking though the news I saw that flashed by and. I was looking for employment and CPI dates is that Trump made a executive order for a whole lotta drones of different kinds. Then later I thought that’s why silver held a bit above support which surprised me but maybe this big order of drones is the reason. I don’t know if they use silver though. What it told me too maybe Trump is not planning peace just get either or just stocking supplies yeah right lol but maybe thinking about money instead of using expensive weapons. Although he’s ordering some other things too.
goldielocks
Tks i will check yr ine…mny tks and great call on H&S.
Looks like there is some news around…bullish SM and Bearish Oil and rates……so PM’s getting dragged up…why we are tied to the SM, I will never understand.
sng
It’s possible, gold already broke through support and the next one is around 4000. Silver surprising hanging in there maybe 56-55 hopefully no lower. ” If it drops below 60″ I wonder what premiums will be for the phyzz. Because of premiums money might move to the stocks. might
My SNG thinking is “the plan” is that we hit the bottom at $4000 Gold and $60 Silver or their equivalent.
That will be the Satanic low Ratio of 66.666666……..FWIW from SNG…BWTHDIK?
This could drag on into mid October when It already looks like things could drop lower.
Perfect storm.
Bail? Oh I’m sure they’ll stick around for the hearings …
British Police Release All Five RAF Fairford Terror Suspects On Bail
goldielocks
You’d think so …
ipso 10:47
I wonder with prices dropping if these bigger companies that made a bunch this year will start looking for juniors to buy.
ipso
And here comes the oh it’s okay to go back in the water now. 👹 It’s kinda a too late to sell for more recent buyers to early to buy. We know the inevitable, its not today though.
only one stock held up today.
I Already lightened my stocks to not very much but the only one that was up today is TMQ a HIGH RISK down the road a ways that has federal backing for permits which is currently going on now in Alaska and the Department of War invested 35 mil in it.
The Ape of Gold Street
TheApeOfGoldStreet
@TheApeOfGoldST
Markets are about to open soon, timing is great.
PS: September #COMEX #gold and #silver futures both have their last trading day today, September 28. October gold and silver futures reach first notice day on September 30, which is also the month-end and quarter-end close.
First notice day begins the delivery notice process. Traders avoiding physical delivery generally close or roll their October positions beforehand. Month-end and quarter-end can also bring portfolio rebalancing, adding to trading flows in both metals.
Rising yields, higher oil prices and growing expectations of further rate hikes are putting short-term pressure on gold and silver. But I believe the scale of today’s selloff has more to do with COMEX futures expiry and positioning ahead of month-end and quarter-end.
I stand with my call that we will see $75 #Silver in October. It’s gonna be tight though.
Paper Games
Alasdair Macleod
@MacleodFinance
The sharp markdowns in paper gold and silver is all about futures’ contract expiry. The establishment (Swaps, bullion banks etc) need to reduce their shorts and go long between London and Comex. Remember, they can “print” contracts at will to take out buyers.
This is divorced from the physical market. Large buyers like China, central banks, sovereign wealth funds, UHNWIs etc. deal off-market, merely taking Comex and LBMA prices as reference. Without being challenged by physical demand, the paper dealers can push prices lower without being challenged.
Their fear is retail demand from HNWIs downwards, but they know it’s coming and need to be positioned for it.
Maybe we’re back in 1975 ish
Would line up with highs 2031-32. If Armstrong is right.
To raise interest or raise interest rates.
Inflation from rising oil prices fuel for speculation of interest rate increases and draws money to Treasury “dollars” and away from metals that pay no interest. Armstrong was right about inflation. That inflation doesn’t cause money to move to gold. Loss of confidence in the dollar causes money to move to gold.
maddog
Draw a line from the 70 high on silver ignoring the shooting star you’ll see no break out. A break out will test the new support area and hold along with a directional change along with economic reasons would help. Anything else is day trading.
maddog
Imo Not yet. Don’t even trust news cuz it’s only a temp thing one or two days. We see how that’s going anyways. To keep the equities dollars anyways till they can’t. I wouldn’t worry about catching the absolute low but a directional change and gauging the next high. 🙂
deer79
There was no breakout only a one candle illusion but still stayed within the downtrend.
No other sector
of the investment arena has False breakout after False breakout. I would have done so much better if I had sold every Gold & Silver breakout all these years. And yet, we still get excited after every breakout and think this could be the big one!
Not sticking around for this bloodbath today…..
yep
That Head and Shoulders is filling and erasing all August gains so far like I suspected. Disgusted me so much I didn’t even go short.
ps anyone asking if we’re done yet. I’d say nope. Not yet. Things can change but for now not yet.
Sng
Gambler, now if people wanna gamble they should learn to swing or position trade in the stock market rather than gamble. It saddens me to think of Kenny Rodgers who spent years hiding hepatitis C and even prolonged testing besides he didn’t want to know although now finally theres treatment for it if diagnosed early but wasn’t then. He did manage to live a long life despite it although he probably could of lived a few years longer being healthier.
Checking those hurricanes off the southern coast then checking north I see a lot of heavy clouds heading your way, already there but more behind them.