You’d think so …
ipso 10:47
I wonder with prices dropping if these bigger companies that made a bunch this year will start looking for juniors to buy.
ipso
And here comes the oh it’s okay to go back in the water now. đź‘ą It’s kinda a too late to sell for more recent buyers to early to buy. We know the inevitable, its not today though.
only one stock held up today.
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.
The Ape of Gold Street
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.
Paper Games
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.
Maybe we’re back in 1975 ish
Would line up with highs 2031-32. If Armstrong is right.
To raise interest or raise interest rates.
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.
maddog
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.
maddog
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. 🙂
deer79
There was no breakout only a one candle illusion but still stayed within the downtrend.
No other sector
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…..
yep
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.
Sng
Gambler, now if people wanna gamble they should learn to swing or position trade in the stock market rather than gamble. It saddens me to think of Kenny Rodgers who spent years hiding hepatitis C and even prolonged testing besides he didn’t want to know although now finally theres treatment for it if diagnosed early but wasn’t then. He did manage to live a long life despite it although he probably could of lived a few years longer being healthier.
Checking those hurricanes off the southern coast then checking north I see a lot of heavy clouds heading your way, already there but more behind them.
Aurum
Nice trades……I agree re Waves, they can be real barstewards at times…they certainly caught me out this time.
Race to the bottom
Oil up, rates up 4 bips to 5.2%, SM down modestly. Nasdaq faring worse but less than 1%
The dollar is flat.
None of this is much different than what we’ve seen from day to day, yet pm’s are getting obliterated worse than every other asset class by a wide margin, it’s not even close. Gold down over 3%, silver over 5%.
It makes very little sense, but I guess it never does. Throw your charts in the trash, they have been useless for years, unless you’re looking for breakouts to sell. Every breakout is sold, every time.
I got no cheerios to post, so I won’t until there something better to post about. Could be a long wait. 🙂
Goldielocks, thanks for the “comeback”. That’s why I often play the Gambler Song, and also why I don’t play/trade in the Casino.
I have not made a trade in years (that is, I have sold nothing). I am a “buy and hold” investor. I only own three miners/explorers with proven resources that are located in “friendly” locations like the USA and Canada. This pullback, IMO, is exactly that; a correction that is close to an end and is ready to move quickly back up, but even if it takes more time before it happens, I’ll gamble that the world is in a lot of pain right now which should be good for PM’s…..and the currencies of the world are all basically worthless and are going to be forced into something I believe to be even more worthless (crypto’s), and I expect it to be a very volatile period in front of us while this happens. I have no advice for anyone else except this: Don’t listen to anyone else except yourself. Make your own investment decisions based on what you believe to be the right thing to do. If you sell your shares and those shares go up without you, blame yourself….and if you hold your shares and everything goes down, blame your self. Only a very small part of the stock market is based on real tangible assets. All the rest is unbacked and worthless Derivatives/ETF’s/etc. just waiting (IMO) to disappear when/if the “lights go out”. Do what I call being true to yourself. SNG
At least they’ve tackled some wasteful spending
just stop adding wars that are your to it. More money rescinded from being handed out.
maybe ground zero
Even before college or some sports particularly targeting the girls.
http://youtube.com/post/UgkxQjlWFAFHdrXY-GwDBSvO2UEzlCkfHdc_?si=_–vam6nKRbecvzR
Good call aurum
Looks like we get to take yet another tour through pm hell.
Garbage will be garbage.
A lot of earthquakes along the ring of fire especially up near Alaska and the pacific northwest. Nothing too big, but very active.
sng
yes it’s confusing when you said you got out. We know you didn’t but there are people out there I talked to that don’t have all that much money to spare or can’t afford to lose what they have that holds things together and what they have they want to hold on to. Reading confusing posts don’t help them if the stumble on this site.
At the same time holding on to their money is not keeping up with inflation which I see as theft because that money their printing is not going to us, it’s being stuffed in a refrigerator in Ukraine and a thousand other places being thrown away by basically organized crime via politics and crony capitalism making empty shells out of countries not just ours and throwing everything away everything good people worked and fought for basically by retards with keys to the cash  but we already know that. I can’t see till posted what I’m typing because this page shrinks and hard to move around it gets stuck on a phone.