I think it’s the CIA in drag… Just use your own brain don’t listen to this moron (below)
Another one why Shelton would of been a better Fed Chair pick
This was posted before the the pick. If not Judy Shelton sound money gold backed down side risk and that’s what happened. Some truth in why paper price crash but who knows if comex pulled something to get the metal for 80 instead of 130. It will rebound.
Is this just a gap fill in GDX
and gaps work both ways…we have filled both downside gaps but left an upside gap at 104.65…….
Mission Accomplished
The scum are high-fiving each other as Silver suffered its worst daily drop since 1980.
Orchestrated? Planned? Who knows, but the damage done has been severe. Will probably take ages to gain back what we lost in a snap of the fingers….
A headline from ZH
Forced selling for funds that have to rebalance at the end of the month, is all that I can think of. As Gold and Silver appreciate in value, the particular fund can only adhere to a specific % of that commodity. As prices have gone up, the percentages have also gone up. It’s hard for me to believe that it was simply that that caused the carnage today. I did some buying of PM stocks. Not sure if that was wise or not…
Buygold
Maybe, someone should halt shorting except the general public traders till they find out what happened. They halted the public traders buying for the hedge fund shorts. The SEC should do the same to them. That wasn’t a normal sell off.
Goldie
I think it got down to $76 at one point. Crazy
Some covering now. Looks like that was the play. Cover AH.
Mr Copper
Well CDE did drop about 4 dollars but now I Yust doon’t know now how low and I thought I had time with a few others before they dropped. 😯 Even with the reasons they’re giving it doesn’t suddenly sell off all at once like that less some big money sold. Not even in 08.
Aufever
I love your outlook and truly hope that’s how things turn out.
You’re right. It’s taking a very long time. I’m most hopeful for the election fraud that seems to be heating up.
We will see. I didn’t think letting Bovino go was a good move. Hope it works out.
They found a bunch of hospice fraud in Los Angeles today, something like 200 agencies in a 4-block radius, stealing $120 million a year. Why do we pay taxes?
Silver
82 57
Buygold yep, especially over these reasons
- Kevin Warsh’s Nomination: As a more “hawkish” candidate compared to others, Warsh is seen as less likely to aggressively cut interest rates, which strengthened the U.S. dollar and lowered demand for dollar-denominated safe-haven assets.
- Profit-Taking and Correction: Following a, parabolic rise where gold briefly topped
$5,500$ 5 comma 500
$5,500
and silver reached over
$120$ 120$120
per ounce, investors rushed to lock in profits.
- Market Volatility: The rapid, record-breaking surge in prices created a highly volatile market environment where minor, negative triggers resulted in large, swift sell-offs.
Silver
Now 82.24 That’s one bad ask engulfing candle.
The SnapBack from this will be epic
6 months from now there will be paper player that did a double from today.’
Mark it 1/29/26
Looks like …
… some of the dealers?, wholesalers?, refiners? might be dumping because they are overwhelmed … especially if they are not hedged … and of course retail … even long termers looking to get some out after decades of suppression … this guy gives a good inside perspective …
Might be a bit early but looks like a good long term buy at these prices.
For what it’s worth
Cheers all
There’s volatility…
And then there’s today
Oh wow
Silver real time 79.6
comex futures price…
approaching $50 discount to shanghai physical price. freaking unsustainable!!!!
either the comex is about to collapse, fundamentally change, or drift off into the sunset… or the shanghai gold exchange is.
i know which i’d bet on.
We have to admit it
We were all wrong.
This was the real bubble.
Everything else is fairly priced.
Stocks, bonds, US dollar, bitcoin, etc.
Not
Deer79
What? 😧
Besides my account
Something is very seriously wrong here….
