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Doubt that is driving this mkt….the buying is too big and now we have some real volatility, options prices will be well expensive…..This looks and smells like Far Eastern buying in massive size….the way we keep closing near the Highs, says the dealers are taking all day to cover……and I dunno about the US…but I have not heard a peep about this bull mkt in the MSM here. the public are nowhere to be seen, as of now…..
?? … aren't they even embarrassed to show up to a game with 5 guys pretending to be girls on the soccer team?
The coaches should be ridiculed for putting girls through that. pic.twitter.com/wKThAnpWsp
— Wall Street Silver (@WallStreetSilv) April 12, 2024
Is Someone Cornering The Gold Market Using Options?
Strong inflation data yesterday afternoon prompted the dollar and 10 year treasury yields to rally, casting strong doubts about a June Fed rate cut … and in a “normal” market gold would have corrected very sharply lower … what did it do ?
Well essentially it ignored it.
Interestingly there was a blip lower suggesting someone has not yet the script that says that gold is now in a new paradigm. Get with it.
With US CPI coming in hot, gold dropped $30 and then immediately bounced even as the USD and yields sailed higher … largely recovering its composure … the gold buyer is clearly keen to hit the bid on any dips.
They say you best see the character of somebody from how they behaviour under adversity … and arguably so it is for markets … well the reading here is that the gold buyer behind this rally has real conviction.
https://www.zerohedge.com/news/2024-04-11/ross-norman-someone-cornering-gold-markets-using-options
I’m just glad they’re buying and collectively taking control over the shorts and they can’t shut them down either.
It’s almost like the Twilight Zone we’re doing so well. Pinch me! 
I’d love to see crimex go belly up on account of the gold and silver shorting. How many years have they knocked us down? We are due some payback!
Cheers
Metallic Minerals Announces Filing of NI 43-101 Technical Report for the Inaugural Mineral Resource Estimate on the Keno Silver Project in Yukon, Canada
https://ceo.ca/@accesswire/metallic-minerals-announces-filing-of-ni-43-101-technical
TomaGold Announces Corporate Update
https://ceo.ca/@globenewswire/tomagold-announces-corporate-update
Patagonia Gold Reacquired the COSE Property From Pan American Silver
https://ceo.ca/@globenewswire/patagonia-gold-reacquired-the-cose-property-from-pan
Centenario Announces the Proposed 2nd Phase Exploration Program on the Eden Property, Culiacan, Sinaloa
https://ceo.ca/@accesswire/centenario-announces-the-proposed-2nd-phase-exploration
Gold Hunter Provides Progress Update on the Distribution of FireFly Shares
https://ceo.ca/@newsfile/gold-hunter-provides-progress-update-on-the-distribution
Aftermath Silver Ltd. Announces Closing of Second and Final Tranche of Private Placement
https://ceo.ca/@newsfile/aftermath-silver-ltd-announces-closing-of-second-and-ceadc
TONOGOLD to Acquire Large Diversified US Focused Uranium Company
https://ceo.ca/@accesswire/tonogold-to-acquire-large-diversified-us-focused-uranium
Kuya Silver Announces Closing of Second and Final Tranche of Strategic Investment by Trafigura
https://ceo.ca/@newsfile/kuya-silver-announces-closing-of-second-and-final-tranche
Steppe Gold Enters Into Share Exchange Agreement to Acquire Boroo Gold and Agrees to Sell the Tres Cruces Oxide Project
https://ceo.ca/@globenewswire/steppe-gold-enters-into-share-exchange-agreement-to
Goldgroup Updates Cerro Prieto Gold Mine Operations
https://ceo.ca/@thenewswire/goldgroup-updates-cerro-prieto-gold-mine-operations
Silver North Closes Non-Brokered Private Placement
https://ceo.ca/@thenewswire/silver-north-closes-non-brokered-private-placement
Global Energy Metals Unveils Summer Exploration Strategy for Monument Peak Copper-Silver-Gold Project in Idaho During Interview with Proactive
https://ceo.ca/@thenewswire/global-energy-metals-unveils-summer-exploration-strategy
Golden Arrow Provides Update on Option Agreement at the San Pietro IOCG Project
https://ceo.ca/@newswire/golden-arrow-provides-update-on-option-agreement-at-ee97c
Polymetals Resources’ Endeavor Mine gears up for profitable restart
https://ceo.ca/@thenewswire/polymetals-resources-endeavor-mine-gears-up-for-profitable
B&N Mining Project Finds Significant Gold and Silver Presence in California Mining Districts
https://ceo.ca/@accesswire/bn-mining-project-finds-significant-gold-and-silver
Taranis Files Thor NI 43-101 Updated Mineral Resource Estimate & Outlines 2024 Exploration Targets
https://ceo.ca/@accesswire/taranis-files-thor-ni-43-101-updated-mineral-resource
Nubian to Re-Start Exploration at the Fosterville East Gold Project and Announces Non-Brokered $600,000 Private Placement
https://ceo.ca/@globenewswire/nubian-to-re-start-exploration-at-the-fosterville-east
Orestone Announces Project Review and Financing
https://ceo.ca/@newsfile/orestone-announces-project-review-and-financing
Silver Storm Announces Closing of Second and Final Tranche of Oversubscribed Non-Brokered Private Placement Offering, Including $3 Million Investment by Eric Sprott
https://ceo.ca/@businesswire/silver-storm-announces-closing-of-second-and-final
Reunion Gold Announces Filing of NI 43-101 Technical Report for Its 100%-Owned Oko West Project
https://ceo.ca/@globenewswire/reunion-gold-announces-filing-of-ni-43-101-technical-eea23
Someone posted over on ZH that silver is trading at 32 over on the Shanghai exchange. Don’t know how they reconcile the difference.
I see the same thing you are at $2400, it appears they are going to try to defend it. Seems to me they almost have to take their shot in London and soften things up for the Crimex open, which they are doing now.
ZH had an article speculating that there was a large options player buying every dip in gold. We’ll see if he shows up again. Gold’s move has been steady and seems orderly. We’re not anywhere near the massive volatility I expect we’ll see in the weeks and months ahead. Silver OTOH, may be the catalyst.
No doubt there are money masters locked away in a dark smokey room trying to figure out a way to crush this rally, or maybe they have a traitor in their midst who is joining it. Everything breaks when the banksters no longer trust eachother….
Yeah watch out right now and it’s Friday.
Yep they painted themselves in a corner. Equity stocks rolling over for now but a bit insignificant to what they did to the dollar and central banks globally buying gold and why would China Russia and mid East want to buy their debt with the current misfits we have in office making enemies and inflation even if they back off on dropping interest rates it isn’t logical it’s gonna help the dollar much especially with the expectation they will in September. By then something might break out from Iran towards Israel and we have the repo market coming up etc etc etc.
I was watching someone from 321 gold wasn’t awake yet, really early in my time zone but he was funny. He said silver bugs are the craziest. Then he says he’s buying silver. I’m looking for more copper stocks and following a few like IE in US ticker that has it and a few more.
Among traders some mkts are female, some male……and it is all to do with how they trade, ie are the rational …..the two most female mkts are Cocoa and Silver…….they regulary vie with each other on how to ‘eff over participants, on how crazy they can be and on how vengefull they can be……
So any shorts in Silver might want to check out what Cocoa is upto……as Silver won’t put up with that much longer…..
It will be interesting today to see if they can somehow get themselves out of whatever mess they’ve created.
That is as close to impossible as it gets…sure they may win a few days here and there, but win overall….no way.
Being short what u ain’t got, in a runaway bull mkt ….is a first class ticket to penury….
All they can do is paint a few days where their work does not look imbecilic……I gather that debt payments in the US are only weeks away from becoming the biggest ticket in the treasury…..sure the MSM will forget about it, but would have gone ape if thebDonlad was still President…..but word will get out and it will be a sobering moment…..
It’s early here on the gulf coast. Somehow, I missed your TAS – trading at settlement post. I’ll still have to look it up to see how that works but it appears maybe “The Dude” might be on to something as silver is up $.80, over $29 as I write this. Sure seems that something is up.
How nice would it be if the “House of Graft” aka the Crimex experienced a default on their paper of some sort? Course, this action is in London so I’m not sure how all that is tied together. Nevertheless, it’s nice to see.
It will be interesting today to see if they can somehow get themselves out of whatever mess they’ve created.
I spent a bit of time this morning since the bugs are in getting the word out.
I guess the Fed is in turmoil trying to make things look like everythings going along just fine, nothing to see here, now rethinking their plan to lower rates for the banksters and wall street. I wonder if they were trying to hold on in case Trump wins hopefully to soften the blow that’s coming and dump a recession on him.
Franco Nevada recently took a piece of them. Big volume today. Not a recommendation to buy. Midgets can fall to 0.
Are we all happy or what? Even Silver is running wild in the streets.
took us up $4 in a micro second, and they’re continuing.
So nice to see it go the other way for a change.
Yes. Me too. I’m tapped. No NEM for me. It won’t be long before these shares are absolutely flying.
I hope the Crimex is about to implode. Kind of looks like controlled short covering here.
I wonder what this will look like when the dollar is actually getting smashed? It’s still up on the day.
Ipso – liked what Von Greyerz said about regular metrics being used for overbought conditions. Seems to me that’s what we’re seeing now.
MetalsGuy – I think the abbreviation was TAS. I aware of Tass the Russian news agency, although it been a long time since I’ve seen mention of them.
Australia seems to be firmly in the grip of the WEF cretins … witness their strong arm tactics to get people jabbed and their surveillance state being set up. No cash=no privacy. I wouldn’t bank at a place where you couldn’t go in and get cash.
The gov isn’t worried about the populace … they’ve taken most of the guns.
I agree about the phones … that’s risky.
Trading at Settlement (TAS)
Manage your settlement for existing Agricultural, Energy, Metals, and Treasury futures contracts with Trading at Settlement (TAS) order types, which allow you to buy or sell a contract at the settlement price, before the markets close.
Dealers must have been put short overnight due to the buying…..and waited to see if the mkt got crushed…it didn’t and even worse they have had to swap Crimex longs for Physical…..hence the relentless buying here…..as anyone who sold those longs is being asked to make delivery…..in 48 hrs…..
that is so tempting to fill yur boots here and wait for the dividends, to slaughter the shorts……but pretty much fully invested as of now……
Re Australia
That could turn out PM bullish, as PM’s will be the only way to keep ‘money’ outside the scum system……though the way so many are accepting having their life dependent on having their phone working, is terrifying.