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…
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.
I think it got down to $76 at one point. Crazy
Some covering now. Looks like that was the play. Cover AH.
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.
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?
82 57
$5,500
and silver reached over
$120
per ounce, investors rushed to lock in profits.
Now 82.24 That’s one bad ask engulfing candle.
6 months from now there will be paper player that did a double from today.’
Mark it 1/29/26
… 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
And then there’s today
Silver real time 79.6
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 were all wrong.
This was the real bubble.
Everything else is fairly priced.
Stocks, bonds, US dollar, bitcoin, etc.
Not
What? 😧
Something is very seriously wrong here….
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.
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.
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.
healthbot
@thehealthb0t
Bayer’s “Glyphosate-Free” Roundup is now loaded with DIQUAT!
200X MORE toxic!
20% premiums here. They have to protect themselves against the paper thieves. It will be a day to celebrate when the Crimex defaults.
Jan 29th – 30th >>> HUGE SMASH !!!!
Remember this day
Gold $5600 > $4900
Silver $130 > $90
Portfolio down 20+% (😂😲😵😡😬🤔😎😭- yes to all)
Gap filled !! One to Go?
Typical End of Month Op Expiration?
Or end of Bull Rhino Horn?
China Week Coming Up
Coordinated – Yes. (Who conspired? – would love to see that list)
Objective – get the ball rolling, then let the Nervous Nellies do the rest
If Gold Bugs are an Army, they must be French
Didn’t the banker scum float the idea of Warsh potentially being named Fed chair a week or 2 ago? And as I recall, the metals got hit right afterwards ( not to the extent of today’s damage).
Perhaps that trial balloon was all that the scum needed ( especially on the last day of the month) to announce ( what a coincidence) to get ALL of the weak late Longs to bail, cover some of their shorts, and let the games continue….
The ones behind the war on the citizens of this country and their paid mental case protesters. They told a reporter they will kill him. He told them he’s not trying to take sides just want the news. They don’t want anybody knowing what they’re up to or who their sources are. Why don’t they call them what they are, Domestic terrorists. Then round them up and who ever is organizing and paying them. The communist will go after innocent people standing up against the corrupt and outright criminals leaching off them but who’s going after the criminals illegally interfering with and threatening ICE that caused the criminals and illegals to be here in the first place?