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this morning of a potent weapon the scum can still use in their arsenal……
A few timely WORDS ( by an ANONYMOUS source), algorithms hunt for the stops below the market, and the scum cover SOME of their shorts).
I guess the good thing is that the “takedowns” are occurring faster and faster, and in shorter durations.
From ZH this morning:
With traders across the globe refreshing their X accounts every 3 seconds, expecting to see news of imminent “kinetic action” in Iran, what they got instead was a report from NBC which indicated that military action is far from certain, and at best could take days before it is launched.
According to the report which cites multiple anonymous sources –
Just cleared the path for short covering
Looks like the death drop to $86.41 in silver has given the LBMA a chance to cover some of those sinking contracts. We’re back above $91.
That also keeps that paper/physical gap in the $6-$8 range. We’ll see if that holds up.
Early trading in the shares not really showing any damage, shares are mostly flat or down a smidge. Course they should have been up huge yesterday and weren’t, so it almost makes a little sense.
Gold only down $9. Looking pretty good for a pullback. I’m wondering at what point silver and the other metals slow down, while gold starts up again in earnest.
Shanghai pm fix $99.68
Will the paper price continue to close $6-8 below?
ferret
They are supposed to, but I have almost never seen PMs go up due to militaty tension.
If the reports of detente between Iran and Israel are true,
with Putin’s involvement as intermediary, that’s removed a large geopolitical tension. Demonstrations have apparently subsided. Doesn’t affect the demand for silver though , but both metals coulld be expected to relax a little after that news.