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Yeah, looked good in the premarket until the SM opened and we got the usual selling to start the day. It would be nice to see those premarket highs comeback before the day ends.
I hope everyone’s good in their positions too.
As for Asian Guy, the thought crossed my mind about the CCP. I looked at the YouTube feed, and it was filled with videos on silver. Copycats of Asian Guy, bullish, bearish and everything in between, all meant to influence decision making. I even saw one from Jeffrey Christian of CPM Group, no doubt defending the “normal market action” in pm’s on the day after the selloff, defending the scum.
At this point, if the Chinese are the ones to stick it to the criminals in the US who’ve raped our sector repeatedly for decades, they have my support.
The best case for us would be if the banks flushed the sector so they could join the party. I don’t see why they wouldn’t. They know the system is crumbling.
Willem Middelkoop
@wmiddelkoop
āThe CME COMEX has ācircuit breakersā in the silver market that halt trading for a period if extreme price movements occur to allow for a more orderly market. What the CME COMEX calls dynamic circuit breakers automatically kick-in when the price of silver drops or rises by 10% on a rolling 1 hour basis. We can see in Figure 1. below that from ~ 12:30 to ~ 13:30 Eastern Time, the price of silver – both cash/spot and futures – ranged between $91 /oz. and $75 /oz., representing an 18% range, and yet the CME COMEX automatic circuit breakers were not activated nor announced by the CME. Yesterday, I wrote a letter to the CME asking why this exception to CME COMEX rules occurred and will report their response when receivedā
and if we could turn back up now, the chart will actually set-up nicely. I’m stunned the spread with Shanghai has narrowed to $5 at the moment. Hard to see it closing there today, but pretty impressive. Would be nice to see the shares start to see some leverage to the upside. At least they outperformed on the way down and didn’t get hit as bad as silver. Signs and wonders.
I guess it all matters until the SM opens. I wonder if Larry Fink is going to come out and reiterate his position?
If the day ended here and they closed the market, it would be a good day.
In this one it went beyond covering shorts to making the dollar king not gold. That it was a opportunity for China which is also going to announce they have more gold than they think they have and are going for a gold backed currency. True or not I don’t know.
What I do know is true in that the statement the White House realizes they are giving away metals they need and why the sudden announcement on critical minerals yesterday and a emergency meeting.
Scroll to 17 minutes… The bait was played Monday gapping up on open with low volume. He gives different scenarios what will be more likely but missing more possible down trend on the miners. We’ll see what happens with prices and earnings. On comments they’re watching from all over the world.
The molecular Scientist who obliterated the rumors in pancreatic cancer. He has a strawberry birthmark on his face God made him easier identify as the one who will likey stop one of the deadliest cancers that may evolve to curing other cancers.
Ultimately they will be held to account, although probably not in this life.
I feel like you do, I want them all exposed, regardless of who they are or what party they belong to. I want the bankers exposed. What happened Friday was surreal. Criminality right out in the open. Banks and exchanges coordinating with each other to move the price of certain goods in their desired direction. No questions asked. They just basically said āwe are going to steal from you by making your position untenable, and thereās nothing you can do about it.
The only way we are going to see fair value in our metals is if the exchange goes belly up. We are left holding pmās for nothing more than insurance until then. Iām hoping that comes in March with deliveries, but they may have wiped enough people out that they protected themselves from it happening.
Thatās what that was on Friday, coordinated self preservation by the banks and exchanges.
I guess we shouldnāt have expected anything less. This country does not allow its financial class to fail.
Remarkable consistency. I think he’s beating my mother-in-law with his ‘buy high’ run rate now, purchasing another 855 BTC at an average price of $87,974 in the last week.
Side tract on good news this time.. darn auto changes .. not on stocks. Don’t listen to talking heads. The phyzz and the stocks are not in sync.Ā Ā Look at the sector charts then individual charts and not just if they’re buying today during choppy waters ahead. Dyodd
The last line of your most recent post, resonated with me. āAccountability.ā No one, it seems, wants anything to do with that concept. From kicking the can down the road with our National debt, to corrupt politicians, to the Epstein evilness being covered up, and to a lesser extent, the annihilation of the metals markets last weekā¦..
Even now to the NCAA letting D1 sports budgets go further and further into debt, just to line the pockets of the networks and let the young men have their NLI $$.
But I digressā¦ā¦..
Sometimes I ask myself, why do I want to commit my own money in a rigged game like the PM arena? Perhaps Iām a bit naive by saying this, but part of me wants to see the curtain being pulled back on the corrupt players in the game. The sooner that the rotten players are held accountable, the sooner the excesses can be expunged , and a healthier economy and lifestyle can be instilled into our society. Probably not in my lifetime, but I can pray that it will be a better world for my kids and their kids.
Basically we are backĀ to where we were about two to three weeks ago. in only two days. Normally this two or three days decline would take us down for two three or four weeks, so hopefully the market is sparing us the typical Chinese water torcher correction and we start going back up soon, maybe even tomorrow.
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