Loading ...Massive dump just came through
Shorts coming into cover now though.
That is someone who took long positions and dumped them all at once for the sole purpose of covering their shorts.
edit: wondering if they have any more of those. We used to get them multiple times until the desired result was achieved. This had the same earmarks as the shares were dumped in unison.
sept 18th
since the evening of the eighteenth, silver has climbed steadily, averaging about half a buck a day.
what’s not to like???
So I guess …
… if bitcon wasn’t up 3k we would be doing a lot better … just magical how that happens when PMs are on a tear … and stocks need a boost.
Magical
Vignette
Katie Daviscourt 📸
@KatieDaviscourt
Breaking: I just got assaulted by an Antifa agitator outside the ICE facility in Portland.
The suspect walked up to me and hit me in the face with her flag pole, swinging it like a baseball bat.
Maddog
Love how the metals are shaking off the 9 am hit.
Silver going nuclear. Wants to break below that trend line on your chart.
CME is hemoraging gold …
… where yesterday alone 2,125,800 ounces (possible record) … worth some $8 billion … were delivered … with some 23,125 contracts coming out of open interest (OI) … bringing the total back below 500k (neutral) … meaning it’s not overbought.
Gold Futures Volume & Open Interest – CME Group
And silver did alright too for an off month … delivering on 2116 contacts … worth some $11+ million … with OI down 2344 contracts.
What does this mean? In the most important sense … Comex has turned into a physical cash market … with the direst implications for the transnational banking cartel … as deliverable stocks are sure to run out in the not-too-distant future.
It means the game has changed … and they are it.
Chuckle … snort
and miles to go before I sleep
Bluntz
@Bluntz_Capital
·
Sep 29
just in case you for some retarded reason think you might be late to the silver trade, here is silver against the sp500
ADP Report is ugly
Expectations of +50K, came in at -32K.
Dollar was slipping, but now back to where it was before the numbers came out. Rates sliding a bit though, 10 yr. down near 4 bips.
Not helping gold though, it’s sort of meandering lower. Silver holding steady.
I’d think rates sliding a little would help pm’s and the SM some, but not really.
Maddog
Interesting. I wonder if it will keep going or bounce there?
Mortgage numbers came out this am here in the U.S.
Very ugly. Our housing market keeps sliding. It’s built for a 0% interest rate.
SM inching back. Hard to see a crash anytime soon unless there’s a black swan out there somewhere.
I feel so much lighter now that the government is shutdown. 🙂
Au/Ag ratio aproaching the uptrend from the beginning of bear move….therefore major support
and the weekly view
Moving on up
Looks like pm’s and Bitcoin are the only game in town today.
SM and oil are down. Dollar down a bit, rates flat.
Didn’t think I’d see this. In the overnights we were up, then gave it all back, and then about 2:30 am est, they started to buy em.
Gold inching toward $3900, Silver back above $47. PM shares look decent with NEM bouncing back – up 1.5%
SM is a little wobbly to start October, it will be something if pm’s keep going in the face of a weak market.
Lots of eco data. ADP report, PMI final and ISM manufacturing. Lo and behold, it’s already time for another jobs report on Friday.
Who did all that selling over last few days…was that pattern recognition Algo’s ….that followed scum selling
in the past …so could happily short over month/quarter end….but now if the scum have closed down and left the Algo’s naked short …. as this action is extraordinary….are the Algo’s shorts stopping out , or more likely new buyers….Month/Quarter end shorts are already sucking swamp….!!!!
Hui/Gold ratio……We have break out on both Monthly close and Range
Now we can see just how powerful all this…if we power ahead, then we are super strong,…if we hang around here/correct then less strong etc
we could of course continue up, then back test, as well, which would be a classic action and very healthy….
Main point is shares should now lead strongly.
