Have you ever come across American Fire on youtube?
He does a long show every day. But I watch his shorter ones. They have always been excellent.
On U.S. and global politics and news.
One of the best shows I have ever seen was on the day Trump announced the reduction in the childhood vaccination schedule.
I watch Tousi regularly, thanks to you
Thanks for your charts. So I wasnt doing any position trading and just holding what I had left I may not have seen it.
Good to hear on the news but don’t trust it just yet. I was thinking though the news I saw that flashed by and. I was looking for employment and CPI dates is that Trump made a executive order for a whole lotta drones of different kinds. Then later I thought that’s why silver held a bit above support which surprised me but maybe this big order of drones is the reason. I don’t know if they use silver though. What it told me too maybe Trump is not planning peace just get either or just stocking supplies yeah right lol but maybe thinking about money instead of using expensive weapons. Although he’s ordering some other things too.
Tks i will check yr ine…mny tks and great call on H&S.
Looks like there is some news around…bullish SM and Bearish Oil and rates……so PM’s getting dragged up…why we are tied to the SM, I will never understand.
It’s possible, gold already broke through support and the next one is around 4000. Silver surprising hanging in there maybe 56-55 hopefully no lower. ” If it drops below 60″ I wonder what premiums will be for the phyzz. Because of premiums money might move to the stocks. might
That will be the Satanic low Ratio of 66.666666……..FWIW from SNG…BWTHDIK?
Perfect storm.
British Police Release All Five RAF Fairford Terror Suspects On Bail
You’d think so …
I wonder with prices dropping if these bigger companies that made a bunch this year will start looking for juniors to buy.
And here comes the oh it’s okay to go back in the water now. 👹 It’s kinda a too late to sell for more recent buyers to early to buy. We know the inevitable, its not today though.
I Already lightened my stocks to not very much but the only one that was up today is TMQ a HIGH RISK down the road a ways that has federal backing for permits which is currently going on now in Alaska and the Department of War invested 35 mil in it.
TheApeOfGoldStreet
@TheApeOfGoldST
Markets are about to open soon, timing is great.
PS: September #COMEX #gold and #silver futures both have their last trading day today, September 28. October gold and silver futures reach first notice day on September 30, which is also the month-end and quarter-end close.
First notice day begins the delivery notice process. Traders avoiding physical delivery generally close or roll their October positions beforehand. Month-end and quarter-end can also bring portfolio rebalancing, adding to trading flows in both metals.
Rising yields, higher oil prices and growing expectations of further rate hikes are putting short-term pressure on gold and silver. But I believe the scale of today’s selloff has more to do with COMEX futures expiry and positioning ahead of month-end and quarter-end.
I stand with my call that we will see $75 #Silver in October. It’s gonna be tight though.
Alasdair Macleod
@MacleodFinance
The sharp markdowns in paper gold and silver is all about futures’ contract expiry. The establishment (Swaps, bullion banks etc) need to reduce their shorts and go long between London and Comex. Remember, they can “print” contracts at will to take out buyers.
This is divorced from the physical market. Large buyers like China, central banks, sovereign wealth funds, UHNWIs etc. deal off-market, merely taking Comex and LBMA prices as reference. Without being challenged by physical demand, the paper dealers can push prices lower without being challenged.
Their fear is retail demand from HNWIs downwards, but they know it’s coming and need to be positioned for it.
Would line up with highs 2031-32. If Armstrong is right.
Inflation from rising oil prices fuel for speculation of interest rate increases and draws money to Treasury “dollars” and away from metals that pay no interest. Armstrong was right about inflation. That inflation doesn’t cause money to move to gold. Loss of confidence in the dollar causes money to move to gold.
Draw a line from the 70 high on silver ignoring the shooting star you’ll see no break out. A break out will test the new support area and hold along with a directional change along with economic reasons would help. Anything else is day trading.
Imo Not yet. Don’t even trust news cuz it’s only a temp thing one or two days. We see how that’s going anyways. To keep the equities dollars anyways till they can’t. I wouldn’t worry about catching the absolute low but a directional change and gauging the next high. 🙂
There was no breakout only a one candle illusion but still stayed within the downtrend.
of the investment arena has False breakout after False breakout. I would have done so much better if I had sold every Gold & Silver breakout all these years. And yet, we still get excited after every breakout and think this could be the big one!
Not sticking around for this bloodbath today…..
That Head and Shoulders is filling and erasing all August gains so far like I suspected. Disgusted me so much I didn’t even go short.
ps anyone asking if we’re done yet. I’d say nope. Not yet. Things can change but for now not yet.
