Loading ...Has anyone here used Glint. I had problems with getting money to it via Zelle. Initially it was almost instantaneous. Now there are delays. I would appreciate anyone’s thought concerning Glint.
D’oh!
SGAnon
@TheQNewsPatriot
ICYMI
Gold dealers in China are now freezing assets, refusing to issue physical gold stock to Chinese consumers whose orders have already been completed and paid for.
One platform in particular, Jieworui, is now insolvent and is refusing to issue approx. $19 billion USD worth of gold to purchasers, while simultaneously disabling the ability of those purchasers to receive cash refunds for their unfulfilled orders.
Gary Savage
Gary Savage
@garysavage1
People don’t realize we are in a different environment than anything we’ve seen for several decades. We are in the parabolic bubble phase of a very mature bull market. And a bull market that is experiencing shortages.
Yesterday was an attempt by the banks to stop delivery of physical on the COMEX. The are stuck in the short positions with huge numbers of contracts now standing for delivery. The problem is that they just created a $40 spread between the US paper market and Asia. Silver is going to be frantically bought at these artificially low prices and moved to Asia where it will command a much higher price. All they did yesterday was make the problem 10X worse.
This is why I say the recovery will be quick, and once it does unsophisticated Joe six pack traders will start to flood into the market thinking this is a “sure thing”.
It’s that flood of dumb money that drives the second stage of a bubble.
This could have played out naturally as a rolling top and 15-20% pullback over 5-10 weeks, but yesterdays intervention has almost surely sped up the process. We will get the bottom sometime next week, Maybe even as early as Monday or Tuesday.
The chart of the Nasdaq in 99 is another example of this extreme volatility consolidation between the first and second phase of a bubble.
meanwhile , in Central FL , trying to save a tropical mango from freezing
heated by a hairdryer :
( that is almost 9 ft. tall )
Did JPM close out 633 silver short contracts at $70 Friday ?
Or is k.O’Leary an AIbot on YT ?
Almost forgot …
… was going to ask … how is everybody enjoying their global warming … I know it might be tough with the icicles hanging from your nose … but don’t worry … they want you believe the arctic is losing ice and global warming is running right on schedule.
How Arctic Ice Loss Is Reshaping Global Shipping | ZeroHedge
Good thing because the south is getting ice now.
Chuckle
goldielocks @ 22:41
Word is the Warsh announcement was just more Kabuki to spark the selloff.
If the broads start to sell off, expect a change back to a dove to bring in programmed trading.
Along with some good old currency debasement acceleration of course.
They will sacrifice the dollar every time because the public is still oblivious for the most part.
They will get caught in a ‘doom loop’ if they do that of course, with bond yields heading north, which should leave PMs last man standing.
The march higher for PMs could return far more quickly than more tempered appraisals would estimate.
Thing is, the feds have to stay ahead of the curve now because of currency debasement diminishing returns.
The current situation has ‘crack up boom’ written all over it.
Middelkoop
Willem Middelkoop
@wmiddelkoop
·
7h
Bifurcation in Silver
paper ($75) is cheaper than physical ($100)
West versus East
COMEX/CRIMEX versus Shanghai
Looks like everything is trying to bounce
The dollar is softening, 10 yr. down 4 bips. Crypto trying to bounce along with the SM futures improving.
The Walsh headline fading into the distance.
ferret
that’s good to hear. I’m not sure our kids under 40 have had their fill of crypto just yet, especially if they have to stand in line to get something they can hold in their hands, unless it’s an I-Phone.
I was thinking $6K more like March.
The local media reported lines of people outside dealers.
All buying the dip. Also reported GS and other banks including our CBA forecasting USD6,000 by Xmas.
Change
Bearish spinning top turned bullish for now.
Slow down on take down
Ending for now with a bearish spinning top. Coordinated by ignoring the rules to win a battle but not the war. Trying to push out as many as they can by any means necessary. I’ve read people say their stop loses weren’t activated. Forced liquidation when not even leveraged.
Shanghai pm fix $91.13
Over the weekend they found a bunch of physical silver that was $30 lower an oz., either that, or demand fell off a cliff literally overnight – amazing. I call bullshit.
Shanghai is just as fake as the Crimex.
When the Crimex takes it down to $50, will Shanghai find more at $55?
The captain’s article said that JM Bullion and APMEX were “overwhelmed with buyers” but a previous video says local shops are overwhelmed with sellers and can’t offload the metal so they are puking it?? Which is it?
The guy I’ve bought from since 2001 says more sellers. So, the spread has widened. He now pays $8 under for eagles and asks $13 over. That more selling.
This is not good.
Now 78.79 but by the time I post it probably lower.
Captain Hook
I wonder if those in equities realize that if the Fed pick was the reason because he’s allegedly strong dollar it would of taken the whole market down for the same reasons but it didn’t. Yet.
What’s going on over seas.
Check silver and gold price, silver 81 something, talk to daughter over grandson with the flu and daughter in law with sisters kid with the flu. Now silver 80 something. This keeps up I might pick up some junk barter silver with low premiums.