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A dn = 50.25 Dollars…B up = 19.8 or 38 % of A, perfect Fib No
C = 28.18 or 0.56 of A, and 1.42 times B, again a near perfect Fib
A = 1196.35 $ B + 689.55 or o.57 of A not far from O.62 Fib
C = 436.66 or 0.62 of B perfect Fib and 0.36 of A….v near 0.38
plus each wave so far has been 3 days an exact Fib No……
Was this all of a Larger A wave down and we now rally in a larger B …twds recent Hi’s or was it all of the correction time will tell, but the perfect Fib No’s say and entire dn wave has been completed…..and in 3 waves…which confirms a corrective wave only …..again O/n action suggests we are done down for either a while or longer….
If this scenario plays out the fact that the C waves are both smaller than the A waves, especially so in Au…..is a v bullish sign …in Golds case super bullish.
The ridiculous Shanghai (I’m calling it that now) put their heads together and gave us a pm fix last night of $82.42 after an overly generous (to the shorts) am fix of $76.83. It’s become clear that there’s very little difference between exchanges as they both answer to big money interests and will direct prices in favor of said interests. Markets aren’t markets they are directed money flow agents of the decision makers, who are the tools of the powers and principalities who run the actual world.
So, after pondering all that, I decided to take a look at the pre-market shares to see what the powers were going to give back after yesterday’s drubbing, (since they’ve been so generous with the metals thus far) and it appears they’re offering the usual 10 cents on the dollar.
I don’t know why Bitcoin is selling off but I wonder if as least some of it was sold to purchase tangibles like PMs especially if their realizing the shortages and still outside the banking system if you hold it. Maybe even some of the stocks too. Not saying the only reason. Just like when Bitcoin got going and the PMs kept down some of the PM money moved to Bitcoin or the Bitcoin miner stocks.
Gold’s rally took it to all-time highs just shy of $5,600 on January 29 before prices plunged to $4,403 an ounce on Monday, with the meltdown and profit-taking sparked by U.S. President Donald Trump’s nomination of Kevin Warsh to be the next Federal Reserve chair.
Analysts believe the factors driving gold – including geopolitical risks, robust central bank buying, concerns about Fed independence, rising U.S. debt, trade uncertainty, and de-dollarisation – will continue to support the safe-haven asset in 2026.
“Gold’s thematic drivers remain positive and we believe investors’ rationale for gold (and precious) allocations will not have changed,” analysts at Deutsche Bank said.
Analysts expect central banks to keep adding to their gold reserves as they diversify and reduce reliance on the U.S. dollar, although jewellery demand is likely to contract further in key Asian regions due to high prices.
What about the naked longs? I suspect a lot of them are momentum traders noticed the uptrend, and climbed into our sand box going long on contracts, ETFs etc. Naturally they came in late and high, and after prices start dropping, they cash out or sell the paper.
It could be Contracts, SLV or GLD etc etc. They have nothing real to sell, so they are naked longs, driving prices too high and then driving them too low. We’ve already seen crazy highs and crazy lows, but the primary trend is up.
I think they created those things as decoys to take investor’s attention away from precious metals, holding the prices net down for decades, but its not working so good anymore because of the obvious new highs anyway.
Just my PM stocks. It’s too complicated to sell fiz in the US right now. I don’t want to lose my fiz position. Mailing is not safe any longer imho and local dealers are scalping people pretty deep. But if it crashes this is an amazing time to buy You don’t even have to pick the bottom, just stack. I do think we are going much higher, but something has to give in the short term, it seems. I also think dealers are going underground. As the price rises, it becomes more dangerous. Theft, robbery. Crazy volatility for dealers is bad, and I do believe the prediction that a large portion of dealers are not going to make it.
Nearly as scary as Mrs F when it shoots up so suddenly to AUD7,942 when the “sell, sell” is mixed with “it’s going to $8,000”. And then it crashes to AUD6,371 (when, of course, the $8,000 prediction is sidelined). So I point out that if we had sold 10 oz at the peak, and paid the capital gains tax, and bought back at the low we would end up with 9.97 oz. Without taking into account the sell commission of 10% (at the time) and buy at 2.4%. Or the impossibility of actually selling at the peak even if we’d recognised it (we would have had to be sitting on the bullion dealer’s counter for that milli-second) or buying at the low (which was the middle of the night).
I’m a permabull and die-hard silver and gold bug. The last couple of days the market has been signaling a Hindenburg event, it’s VERY spooky for EVERYONE. I never sell. But when I see Bitcoin doing what it’s doing, we know they’re gonna crash the PMS, and they’re gonna take the stock market too, so I got a chunky fat short position locked in on IWM. If Bitcoin is burning in the streets like this, it has huge implications. I know it doesn’t sound believable, but that’s my prediction. That’s a big ass silver bear flag, and we’re going down to 50 to retest guys. I hope I’m wrong and you guys are right.
Just do the math. Top- 122. Bottom of flagpole 71-ish.The math pencils out to 51. It might just be a flash crash. Silver will become unobtanium and then higher than ever. I just need to know things are safe, too much risk right now for me in the casino. Stacking? Perfect. No fears. If Silver crashes, I can’t imagine what the premiums are going to climb to. I wish I was smart enough to have sold the top, trading is so hard in the PM’s. The amount of stuff we’ve had to put up with is insane. I’m cool with trying to chase it if it takes off up and this is just chart painting short term. They shook me out for a bit. If I can buy lower, a nice cash position would be smart. Plus I want to gamble and go big with the SpaceX IPO. I want to fly. I’m usually as slow as a snail when trading and try to sit on my hands, but I couldn’t stand it the last few days. I have seller remorse of course, but sheesh.
