Loading ...Long time follower , first time poster.. i’ve been around since the days of Wanka and Vronsky… I have gleaned lots of knowledge from all you folks posting here and want to thank you for all the input…
Was checking silver lease rates this morning and it seems that the one month lease rate is 11% and the three month is 9%…. So I guess that means Shorty must borrow at 11% to try to close out his position…
I feel his pain…NOT!!
this time the bulls win.
They are going to buy this dip.
The defense of the round numbers begins.
That was sure fun to watch though.
Hopefully, they won’t completely reverse silver.
Not a market for the faint-hearted today.
It’s the same pattern every day … gold and silver are suppressed in Western markets … expect a recovery going into the close … it was expected they would try to cap it at $50.
The only way they are going to do that it to crash stocks and bonds … and they will never do that voluntarily.
Look for a recovery after Comex closes at 1:30 central time.
Cheers
No rhyme or reason to the algorithms…..
GDX is down !!!!! on the back of Barrick being down !!!!!
Here are some Stats…on the big picture
The Golden Stats You Should Know
Central banks now collectively hold about 36,700 tonnes of gold, worth a whopping $4.5 trillion. That’s more than their holdings of U.S. Treasuries, valued at $3.5 trillion. Gold is now the second most significant reserve asset, accounting for 27% of total foreign reserves—completely overshadowing the euro’s 16%, but still behind the U.S. dollar’s 46%.
Total world debt is @ $ 330 Trillion, so Gold at the moment is just over 1 % of that debt….if it is going to be a decent chunk, it has to be @ 10 % ie @$ 33 Trillion….so lets say they got 40,000 tonnes with new buying….or 1,280,000,000 Oz’s…..33/1.28 = @ 25…….
was up $2.35, now $1.72
…a shortage of freely available silver in the key London market has supported prices, while also pushing up the cost of borrowing the metal sharply.
If these effers are not stopped … don’t expect Trump and company to do it (they are in bed with them) … everything is going to look quite different in no time …
Fascist robber barons one and all.
Looks like we are getting some short covering with silver breaking above $5o … Mario thinks it could go to $60 very quickly.
And as Mike Maloney has been pointing out over the past few days … silver shortages are coming quickly too … so prices should literally skyrocket from here … looks like the fascist robber barons better known as the international banking cabal have a problem on their hands.
Chuckle
BIG GREEN CANDLES !!!
I’m lovin it! Crazy times! 🙂
Better late than never!
Do you believe this?
Up over $2, better than 4%
Something must have broken. We just breached $51
^5! 🙂
Have some of that shorty! Go puke in your gucci loafers! 🙂
Just unbelievable. 14 years of torture being made up in 6 months. 🙂
Feels like a dam broke here at $50, now up $1.50. Also dragging gold with it.
Maybe the physical supply ran out over in the UK?
I know this will all end sometime, but it sure is nice for now.
With everything else flat except the dollar, which is up a bit.
Where do we go from here? Does a battle begin or do we blast right through and head toward $60?
Palladium is going nuts again, up near 3.5%.
Feels like we’re in a dream.
All this, and retailers are still sellers.
UK’s Green Party Demands Abolition Of Private Landlords
https://www.zerohedge.com/political/uks-green-party-demands-abolition-private-landlords
Now it’s turned a bit, but probably not for long. IMO
ABC, a real lefty channel, had an article a few weeks ago which astounded us. Tonight it was channel 9 news basically repeating this Sydney Morning Herald article:
Times they are a-changing.
Good analysis. So, once upon a time the AUD was considered a commodity currency. Not sure why that title went away, but maybe it’s being re-discovered that Australia has a butt ton of resources – especially metals.
The Morgan Stanley allocation is crazy to me because you’re right, he goes from 0% to 20% without testing the waters. I wonder what type of information they have that would cause them to make a dramatic change like that? Morgan Stanley is no boutique trading house; they are one of the big boys who’ve treated gold like the plague since I’ve been in the markets.
Crazy times.
Oops! Derail. It’s called ‘picking a switch’ when the
Wheels fail to guide on the switch points.
https://www.railpictures.net/photo/888356/