and gaps work both ways…we have filled both downside gaps but left an upside gap at 104.65…….
Mission Accomplished
The scum are high-fiving each other as Silver suffered its worst daily drop since 1980.
Orchestrated? Planned? Who knows, but the damage done has been severe. Will probably take ages to gain back what we lost in a snap of the fingers….
A headline from ZH
Forced selling for funds that have to rebalance at the end of the month, is all that I can think of. As Gold and Silver appreciate in value, the particular fund can only adhere to a specific % of that commodity. As prices have gone up, the percentages have also gone up. It’s hard for me to believe that it was simply that that caused the carnage today. I did some buying of PM stocks. Not sure if that was wise or not…
Buygold
Maybe, someone should halt shorting except the general public traders till they find out what happened. They halted the public traders buying for the hedge fund shorts. The SEC should do the same to them. That wasn’t a normal sell off.
Goldie
I think it got down to $76 at one point. Crazy
Some covering now. Looks like that was the play. Cover AH.
Mr Copper
Well CDE did drop about 4 dollars but now I Yust doon’t know now how low and I thought I had time with a few others before they dropped. 😯 Even with the reasons they’re giving it doesn’t suddenly sell off all at once like that less some big money sold. Not even in 08.
Aufever
I love your outlook and truly hope that’s how things turn out.
You’re right. It’s taking a very long time. I’m most hopeful for the election fraud that seems to be heating up.
We will see. I didn’t think letting Bovino go was a good move. Hope it works out.
They found a bunch of hospice fraud in Los Angeles today, something like 200 agencies in a 4-block radius, stealing $120 million a year. Why do we pay taxes?
Silver
82 57
Buygold yep, especially over these reasons
- Kevin Warsh’s Nomination: As a more “hawkish” candidate compared to others, Warsh is seen as less likely to aggressively cut interest rates, which strengthened the U.S. dollar and lowered demand for dollar-denominated safe-haven assets.
- Profit-Taking and Correction: Following a, parabolic rise where gold briefly topped
$5,500$ 5 comma 500
$5,500
and silver reached over
$120$ 120$120
per ounce, investors rushed to lock in profits.
- Market Volatility: The rapid, record-breaking surge in prices created a highly volatile market environment where minor, negative triggers resulted in large, swift sell-offs.
Silver
Now 82.24 That’s one bad ask engulfing candle.
The SnapBack from this will be epic
6 months from now there will be paper player that did a double from today.’
Mark it 1/29/26
Looks like …
… some of the dealers?, wholesalers?, refiners? might be dumping because they are overwhelmed … especially if they are not hedged … and of course retail … even long termers looking to get some out after decades of suppression … this guy gives a good inside perspective …
Might be a bit early but looks like a good long term buy at these prices.
For what it’s worth
Cheers all
There’s volatility…
And then there’s today
Oh wow
Silver real time 79.6
comex futures price…
approaching $50 discount to shanghai physical price. freaking unsustainable!!!!
either the comex is about to collapse, fundamentally change, or drift off into the sunset… or the shanghai gold exchange is.
i know which i’d bet on.
We have to admit it
We were all wrong.
This was the real bubble.
Everything else is fairly priced.
Stocks, bonds, US dollar, bitcoin, etc.
Not
Deer79
What? 😧
Besides my account
Something is very seriously wrong here….
Buygold
That’s right, they don’t need to negotiate or ask anything from these criminals. I just hope Trump negotiation deals with these criminals they won’t keep is just collecting more evidence.
Buygold 12:51
Walz and Frey already caved to Trump regarding police and prisons cooperating with ICE.
They are stil under investigation for conspiracy with the rioters who were impeding ICE.
And I think separately for involvement with the extensive fraud against the federal government.
If a big percentage of the fraud in multiple states can be exposed and stopped, and many of the players charged and convicted, without a civil war, and the Democrats exposed thereby losing big in midterms, that seems like a very good thing.
There are just so many layers to what the commie Dems have done it is taking forever, to me, but they are being confronted on more and more fronts. In historical terms it’s a massive change in a blink of the eye.
aufever, et all
I don’t think I’ve ever seen the Democrats bend or negotiate on anything – ever. The uniparty has given them their way towards communism for decades. I’m 65 and have followed politics since Reagan in 1980.
There is no negotiation with the swamp. This is a war. If Trump’s advisors are telling him that the likes of Walz and Frey who are the criminals backing the Somali scams are going to do anything favorable to him, then he is a fool for taking their advice. These people put 1500 innocent American CITIZENS in prison without due process or fair trials and called it an insurrection.
Most people are like you, most people in Minnesota are like you. They’d back him putting down an insurrection in a heartbeat.
We will either fight this war now or later, pretty simple.
I thought $100 would be tough, never thought $90 was a possibility, but this is the United States, home of the graft. If we were up 24% they would have shut down the markets. What a country.
Looks like they are pressing their bets into the close. Will be interesting to see what happens after the Crimex closes.
Ye ole shelle game
healthbot
@thehealthb0t
Bayer’s “Glyphosate-Free” Roundup is now loaded with DIQUAT!
200X MORE toxic!
Think you can get silver for $90?
20% premiums here. They have to protect themselves against the paper thieves. It will be a day to celebrate when the Crimex defaults.
