This will continue all day long until they get the desired result.
These guys are bashing and covering. This is the 3rd or 4th time so far today.
This will continue all day long until they get the desired result.
These guys are bashing and covering. This is the 3rd or 4th time so far today.
Dealers are offering me below spot for silver eagles while wanting 14 above spot.
The good news is the shorts are making nothing and the mkt just keeps saying thankyou…..if we break 4355 the bswing target is 4450
coming after the metals now.
This will be a day of tears, especially if the QQQ’s start to weaken any further. Just no way they can allow pm’s to be the only game in town. But it is OK for Bitcoin to bounce back 2.5%.
Coming back now. I so hope I’m wrong.
Despite the metals coming back toward their morning highs.
Can only mean one thing, the metals will get flushed before this day ends.
HUI up a whopping 2 points. I have red all over my screen now. What a joke.
Note this a log scale chart……which shows the moves in proportion of the multiple…..We may be in 3rd of 3rd of 5th……the 5th wave being the most explosive of all….so we have yet to finish either of the thirds and do the final blow off 5th of 5th
They dump some contracts all at once to test the resolve of the players and run stops.
So far, good for a $.80 hit on silver and $17 on gold.
Doesn’t look like they’re done yet either.
No attempt to hide their actions, just an up in your face bull rush attack on the metals. 1/3rd of gains wiped out in a few minutes.
We may be lucky to hold any gains today.
Good to see gold pick up some steam too.
Hopefully this starts the melt-up into year end.
With prices above $60 an ounce, many speculate that industrial demand for silver will fall due to substitution. However, the Silver Institute projects industrial demand will rise as offtake from vital technology sectors accelerates over the next five years.
“Silver will remain an essential component across multiple high-growth sectors as industries race to embrace digital innovation and meet clean energy mandates.”
Along with green energy initiatives, including solar power and electric vehicles, AI infrastructure is expected to use increasing amounts of silver.
Last year, industrial demand for silver hit the highest level on record.
According to the Silver Institute, industrial demand will soften moderately this year, declining by about 2 percent due to “global economic uncertainty stemming from tariff policies and geopolitical tensions, as well as a more rapid pace of thrifting due to soaring silver prices.” However, despite the modest drop in demand, 2025 will still likely come in with the second-highest silver industrial offtake on record, and it is expected to continue growing in the near future.
|
|
|
|
|
We could of slept through that and back to normal for now. Looks like platinum got a lot of attention.and wants to go to 2000.
so they are chipping away at gold instead.
The pm shares aren’t exactly ripping higher in the premarket. Could be an indication they’ll contain gold and that probably means they take some air out of silver too, although it’s hard to see it erasing the entire $2 move up.
This is making the assumption that the Crimex still has a steady grip on the gold market.
The dollar and rates are working against us this am. Something to keep an eye on.
Oil jumping back up 2.5%, Bitcoin down $1K. Bitcoin seems to be struggling to retake $90K.
https://youtu.be/qo9rHYJW8Ek?si=JWtpva44NhAMCthN
Gold and silver to explode. S&P collapses after ATH. Credit implosion.
I just hope they don’t bring that candle ‘ price ” back down and make a shooting star candle. Oh well.if they do more buying ops.
While looking for something and saw this silver historic 65 then then said Dec 17 still 16 Pacific time. Then goes on scamming…meant scanning stupid autocorrect his video about all the uses and reasons. So I check the price and 66 awesome.
Yikes!
London has some work to do.