Loading ...It seems to me the silver price rigging game is about over. Look at the recent gains in gold and silver but silver specifically, If the riggers had a lot of control this wouldn’t have happened. I don’t think it will be too long before crimex is ended in it’s present form. JMO
Buygold
re Bonds
Search me….that Bonds are easing now is quite frankly astonishing, particularly for Europe, as they are doing nothing about their debt levels….at least the US is aware and attempting something, which may or may not work…but looks like it may…Technically, we are correcting some of the huge run up in rates, which is to be expected…..which in turn says the Bond mkts are not worried at all !!!!
TA does say long term Rates rise…..but not yet.
Ipso
If that article ( by Silvertrade) is correct, the CME can just do whatever they please and NOTHING will be done about it.
Sorry to be such an”Debby Downer” about this, but why do we ever have to fret and grasp on to hopes like this ever again? That’s what happens when the elites, and the scum get in trouble ( and they’ll continue to do so); change the rules, stop trading whenever they want, and the same BS goes ON and ON.
Morning maddog
Why are they easing is the question. The entire west is broke, so who is buying all those bonds and why? Oil being up is no surprise given we will be attacking Iran any day now. The SM doesn’t appear to be going anywhere, the QQQ’s look like they are slowly rolling over. War is usually good for the SM, but I wonder if that will hold this time around.
Is the flight into bonds an early flight to safety by all those fund managers that don’t know any better?
You know what is not a flight to safety? Bitcoin. Down 2.5% today. I think if tech gets wrecked, so does Bitcoin.
PM’s starting to move now…
Buygold
re rates…..Yr rates are easing….so all western rates are easing…no matter that the likes of France, Germany and the UK are miles up shit creek and show no concerns about being there….
Ps Earle is at recent Hi’s…..
Rates back below 4%
3.98% this am. Dollar is flat. SM a little weaker.
Looks like the opposite of yesterday am. Gold down some, silver up a little. PM shares giving some back.
See what happens in a few hours, but the SM looks like it wants to go down. Hopefully our shares can buck the SM again.
What we thought
with rumors of the demise of the Crimex and a pending March delivery default, it would be papered over into a nothing burger.
Shanghai has not let its foot off the gas though with their pm fix back above 100 to $101.09, up from $98.60 in the am fix.
The real comedy yesterday was the LBMA fix price down at $86.43. Where will they be forced to put the price in a few hours from now?
Regardless, you can bet it will be at least $10 or more lower than Shanghai. I don’t know how that gets reconciled if they can continue to “cash settle” their contracts.