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Here’s your COT Report
No hint of any trouble as of Tuesday, but there might be now as we close near the highs of the day.
Little bit of profit taking in the shares, but the metals, not so much. Perfect.
Captain
I expect there’ll be some meetings on Sunday.
Will be interesting to see how they hope to stem the tide, will they be able to create the usual waterfall? No doubt they’ll try, but someone may have some serious problems right now. What if that someone also has bets in palladium as well?
It’s still a long way back to $50, but we might see $40 pretty quickly.
@ Captain Hook re your “Some guys who are short silver are going to be losing their houses here.”
Maybe we are seeing a short covering rally? All of them falling over each other, buying to cover, to stop the losses as they grow.
Buygold @ 13:11
Some guys who are short silver are going to be losing their houses here.
Wonder what the wife will say.
Of course the official shorts will be paid by the taxpayer.
Swallow that one.
Chuckle
Shortcut for all the lazy people
Musk nailing the shite out of it. Dude! Watch the real deal if you want. I like it clipped down in this variation. He’s talking about the federal govt declaring bankruptcy. Show me another person that will stand on stage and bring this stuff up. This guy needs better security details than the president of the united states. If Biden get assasinated it means nothing to the country. If we lose Elon we loose hope. Consider it game over. If they kill him I’m fleeing the USA. Bye!
Youtube is demoting videos like this 100%. Facebook does it too. All right here for everyone to see. Got Mark Zucks number! Facebook is screwed, it’s just like Twitter was, god damn leftist toolsets! You think the 4 MSM outlets are covering topics like this? But Elon and X are a threat Harris says. Sure.
https://x.com/BeOutTheMatrix/status/1847043460261728758
$33.16 silver
Beautiful. I hope it’s all breaking in the paper markets.
Volume is really picking up now. As it should.
treefrog
Good to see you’re still with us!
Silver Wheaton at $66 is singing to me
I know it’s WPM but it’s always been my love. Everything else is noise. What’s to stop it from hitting $600 at the top. Apple and all this other garbage made in China
The route is ON!
full rocket tilt.
Captain
Yes, but they are losing the battle for $32.50 and touching $33 seems like a real possibility.
You’ve said for a while now that silver is the canary in the coal mine, and it appears that might be the case. Gold seems much more orderly, steady but they’re making an orderly exit.
I like what I’m seeing with the premiums in the phyzz market at my local dealers, seems demand is picking up among the plebes, hopefully it turns into panic.
Then there’s the LBMA….the silver miners are telling us everything we need to know about what’s happening now. This could be spectacular.
Buygold @ 10:16
That’s good … it makes the shorts think they are still in charge.
Then silver pulls a Hemmingway … little by little … and then all at once.
Silver gets above $33 today and Sunday night could be interesting.
Of course it could be interesting no matter how it finishes today … the trend is higher.
Strong technical trend being established.
Cheers
Ipso
That would be something. Big fat dividends would be a nice draw for investors.
This might be the best action I’ve seen in the shares since the rally started. Volume not there yet but shares not backing off an inch when the metals dip.
from bubblevision
North Korean troops are now reported to be in Ukraine.
Buygold
Looking forward to the miners paying higher dividends. In the olden days divvy’s could be quite substantial! That would give a further kick to our gathering steam bull market! Hard to see what on the horizon that would counter the positive gold situation.
Good to see NEM
Regain its footing. No big dive bombing in the first hour. Gives some hope for the day. Maybe the action in the HUI will wake some people up.
Captain- on the border
of your $32.50. Been kicked out of there twice today
goldielocks
“lavender” Good pointer
No statins for me … even though I have to argue with my doc every time I see him!
Some good reading on silver …
…. attached below … those bankers (whoever they trade for) must be some special kind of stupid to be short right now.
Jon Forrest Little, Contributing Writer – Money Metals
Stupid … stupid … stupid.
Chuckle
Ipso 9:41
I haven’t read it yet but found on this new subscription I picked up I just love but still can’t put me to sleep. I need to get some lavender. Put a dab on lavender your feet or forehead ust before sleep it actually works. Has to be a good kind.
Anyways statins increase the chance of getting type 2 diabetes by 50 percent.
They have another avenue if you need the info.
Buygold @ 9:43
Not a problem – it’s time for silver and the juniors to catch up.
Chuckle … snort
Strong move but
NEM gives me pause. It does not look good
Buygold
I’ need to sleep. I noticed your not sleeping well either. Not good for your health or longevity. Anyways it’s sad to watch. The females aren’t afraid to talk about it. It’s like they’re existing can’t even buy simple things like coffee or snacks for their cat or healthy food if their not living at home.
These Kamala voters are pathetic. They can’t say one factual good thing about the country,economy or less they checked some boxes their own living standards. Self centered darwinists.
