Loading ...2026 is a election year. They want a booming stock market, assets. Money printing will make people poorer but market richer. Much we know as gold and the dollar. Not that relevant with the other metals due to demand. If companies need help like AI, Nvidia they’re probably going to get it if that’s how it goes and hope not via printing press but if from the Fed probably will.
Gold eagles exempt on Federal level.
Surprisingly even though you can still use it at face value if someone doesn’t recognize it older 90 percent bags 1000 dollar or more dimes quarters bags must be reported on Fed level in dealer stores. Keep them singular as barter.
Already I noticed adds are coming out for counterfeit or plated clad coins advertised as real. I’ve seen adds come out for complete sets of Morgan silver for about 130/ 140 dollars and other metais that would never sell that low especially now if real. Strange names and no phone number.
Yeah thanks I see that. Platinum tapered off. Well we might not see the scenario of blowing past 80 gap up tomorrow like Asian guy mentioned. We won’t have any real gaps less something happens before then. I don’t want to see anybody in a gap trap less conditions for continuation. We won’t be in first for any change but better up than down if just holding. Fed may try to bring the dollar up this month. I suspect that when it gets closer to a new Fed chair and one that wants QE we will see move up with that too even before the change of guard. It’s not really necessary though because this isn’t about the dollar.
Mainly it’s a critical supply issue. China is buying but not selling and preventing China’s miners from selling directly out of the country while looking for mines elsewhere themselves. I saw recently they bought a copper mine. I hope these mines realize they are in a position they dont need to sell out their metal, just sell. Chinas looking for Copper and Aluminum too.
It was David Hunter that initially predicted all this. When I first posted his higher prices I thought it probably won’t get that high but was nice to hear after years of opression but now everyone’s on the bandwagon with different speculative numbers. Good thing is it might not reflect the currencies but the supply chains except oil.
The Fed Repo window put out $17B to save somebody. Silver shorts in trouble. Jon AG has details. Here is the failure of the Fed…
Got back $5+ from the lows, up $.1.15 at $80.57
None of the other metals are up so we’ll see if we can fight it alone.
Hoped to see it move over 80 but I guess we can’t have everything at once.
Volume low profit taking is dollar and yields up?
Really, I know their baiting, bringing the silver to them and the sellers aren’t getting it back at the price they sold it and limited with difficulty. I wonder what they’re up to now? Psych warfare?
Game on.
Didn’t realize they took us back under $75 at the low.
Shaking week hands out. Asian Guy 17:15 about Monday open in US. One thing he mentioned is the Fed easing. We know that’s coming but checking yesterday Powell said but can’t be sure till he does it that he might hold rates this January, I wonder if he’s watching the PMs, but knowing more are coming this yr could be a buying opp. if any pull back. 17:15 on.
I won’t do that again!
MG
$7.00 range on the Crimex already. Open interest has remained steady so some new shorts replacing the old ones. Somebody is doubling down on a bad deal.
The currencies of the metal producing countries have participated in the metal rally to a lesser degree. Even the Mexican peso is in the game.
Gonna be a long night for some folks!
rno
That is, if Shanghai isn’t open, what exchange is providing the price and volume data?
Midnight Gardener, see? It’s all your fault for mentioning that ruddy monkey!
Silver was exciting for 20 mins.
MG
Said check the volume, has to be up you don’t want a trap. Check the yields , check oil, should move up check gold.
Opens in an hour at 9 EST, closes at 3:30 am EST with a two hour lunch between 11:30 and 1:30.
Yep, here come the Kamikazi’s. This had to happen and Sunday/Monday is always their favorite time to do reversals. Lots of paper to throw around tonight. It will be interesting to see what price Shanghai says it is for actual metal. I suspect this is just the opening salvo in what will be a multi-month war.
You know what’s funny? This is familiar territory for us, we’ve seen it so often over the years. They won’t be panicking anyone here at Oasis.
Heavy bombing coming in…… scum are v active.
I’m just buying from a reputable dealer such as Colorado Gold. Anyone charging nosebleed prices is in it for a fools game
Agree certainly not just Samsung etc….that post by eeos from Ed Steer makes clear there are loads of shorts…..
Looks like we have an extraordinary confluence of events ….shorts in huge size, revaluation of Gold and then to cap it all we have monstrous new demand …and a TA picture that says way up, thus confirming the fundementals …..
Down $13. Silver still up $2 but it’s going to be an all night battle.
Gold could be a smoke signal.
Didn’t know a certain simian was considered unlucky. With all my lurking I should have caught that. Oops. I always liked it.
oh well, up 6.48 in first 20 mins works.
For once we get the open we have been waiting for. A really big hard to cover up rally
cheers
MG
