Yes in ‘normal’ market conditions this is the case. However we do not have normal markets anymore. In fact we don’t have markets for the most part. The trading environments thought of as markets today are too heavily managed to resemble free price discovery mechanisms.

Today’s trade was a perfect example. How did the status quo resolve the collapse in the gold / silver ratio all the way to the 50 day moving average? Answer: By smashing gold while a small bid was allowed to enter silver. Silver tends to out-perform at the end of cyclical runs no matter the degree, setting the stage for more sector wide weakness as the gold / silver ratio corrects back up into options expiry, and likely beyond if the entire move from June needs to be retraced now.

The good news is a bullish five-wave sequence has now traced out in silver (and its derivatives too) — signaling further upside once consolidations (a – b – c affairs) are traced out. This was a missing component to the larger sector sequencing up until just a few days ago.

So it appears the manipulation might be able to delay more impulsive moves in the sector — but not forever.

Like I said earlier today…the (huge) money from bonds needs to go somewhere…and some of that money will find its way into PM’s.

And it won’t take much to move the entire tiny PM sector a great deal.

Cheers

Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day

It also means that countless hegde funds are suddenly at risk of being gated on whatever liquid exposure they have toward Deutsche Bank.

To be sure, Deutsche Bank’s hedge fund balances have been declining throughout the year as speculation swirled around Sewing’s intentions for the prime brokerage, but the rate of redemptions was far lower than $1 billion per day. Now that the bank jog has become a bank run, the next question is how much liquidity reserves does DB really have and what happen if hedge funds clients – suddenly spooked they will be the last bagholders standing – pull the remaining €150 billion all at once.

We are confident we will get the answer in a few days if not hours, until then please enjoy this chart which compares DB’s stock decline to that of another bank which was gripped by a historic liquidity run in its last days too…

10,794.59+193.56 (+1.83%)

“GOLD’S CHART: Tight and tighter is the Consolidation Pattern Evolving: As the consolidation pattern builds, the volume wanes and that is almost always a sign of impending strength not weakness. Our propensity add to the position is high and is rising!”

Out today=Powell in Paris said that many at the FED see the stronger case for a FED rate cut

I like how silver gave the scum the finger today. They leaned hard on the pms – gold, platinum and palladium and were able to keep them well in check. But silver would only go so far. I think there is a rumbling in the distance that could turn into something big and if silver blows, what else will go too? If silver is the achilles heel, the scum be limping pretty soon.

Well they did a number on gold, but considering the USD strength and rise in rates, and silver up. I think we got off pretty easy.

I had a couple silver stocks that were up 8-9%. They shouldn’t have been, but volume was heavy in the silver complex across the board, either shorts want out real bad, or momentum players want in real bad.

I do agree with the Capt. it may just be a matter of time before our suffering ends.

A little bit of dollar weakness will go a long way IMHO.

PM’s had to be tame today, their beloved SM was weak…that rule is written in stone.

Every play in the playbook…..

NGD-I suspect that the street and insiders know good earnings are coming

PAAS up near 7 % ……NEM down 0.7 % …..

Not sure Faceplant will be allowed to run a Crypto, too much competition for the Dollar and Fall st …but it won’t be easy to stop them, unless they taken apart by Anti Trust, as they can argue loads of other two bit Co’s have launched them…

1:03–powell speaks. in paris reaffirms rate cut-just out on FOX Biz–he turned gold-lets see if it lasts and watch the dollar=reported that. he also is.  watching risks of debt ceil breach and Brexit

My JNUG just did. a rocket launch!!  Silver just made. a new high…the $. is drifting off its high–if it continues gold could. get explosive

https://finance.yahoo.com/quote/JNUG?p=JNUG&.tsrc=fin-srch

http://futures.tradingcharts.com/marketquotes/DX.html

I.  got out of cde–made good coin-i got no silver–hl is crap–got a lot of debt-486 mill float–lousey stats–it’s been comatose during this. rally —up 2 cent—down 2—

Things have definitely changed. They have printed so much money the inevitable is unstoppable.

The money is coming out of bonds and needs to go somewhere.

So it’s just a matter of time now.

Cheers

for once, resilience is paying the bills…at least in silver

Looks like record volume for SLV is around 50 million shares, we are currently sitting at 25 million

Should be clear sailing to $15 – should being the operative word.

a pom-pom waver for gold but saw clearly what was going on–thanks for the conviction booster–HUI is actually up a tad…

Those bastards just came in and dumped gold pretty hard which of course took a bite out of silver too.

Funny thing though, the silver shares aren’t giving up much ground yet, but the gold shares took a nosedive.

Probably some Fed Head opened his yap.

Hmmm Ghana now producing more gold than South Africa.

Gold industry review: Falling production at world’s biggest gold mines, costs kept under control – Q1 2019

Bank Run: Deutsche Bank Clients Are Pulling $1 Billion A Day

https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-billion-day

I wonder when their “Bad Bank” is going to issue debt? That’ll be some tasty tranches. Maybe even at a positive interest rate!

I’d love to see it! I think Trump likes gold, but I don’t see the dollar being backed with gold again until it’s value is pretty much destroyed and the oligarchy is desperate. JMO

You are probably correct ,but its going to be tough to control it….,they are very concerned about TAXES and offshore transactions ..You can bet the Russians and N.Koreans are ready to exploit it.Corporations are all multiNationals now …Once that cat gets outta the bag all hells gonna break loose  …..

Governments are competing with Governments and when they fight ,we get trampled unless we got GOLD …..!

Fortuna silver on verge of breakout

Facebook is a CIA owned and operated enterprise.

Congress will allow the Libra crypto IMHO. Treasury and Mnuchin are just putting on a show, no doubt this whole thing is gov’t sanctioned. Look for the other CIA front aka Google to come out with something similar. It doesn’t change anything about the USD being the reserve currency.

Basically all Libra is based on is the USD index, it’s just another method of getting the sheeple to hold electronic currency.

This is Orwell, the combination of Gov’t and Corporations further enslaving the people. JMHO