Getting back toward that $1.20 – $1:30 level. Seems like that’s a decent buy point.
Maddog
Or maybe even not go together since silver is also industrial. Like Gold could have a failed head and shoulders and silver could follow through then recover since it said that silver seems to do better post midterm election while gold during. Past performance doesn’t necessarily represent present and have to figure what else is going on.
Like if there’s elections in Russia in September it can make one wonder if this peace talk is genuine or just political. It’s like you need a degree in this stuff lol
Buygold
What else? If the head and shoulders follow through it could erase all the gains it made in August. Question is with the elections ahead, war, which seems to be the big distraction of inflation , the bond market there’s two other options not just coming from the US that people will move their money. The equities or PMs. Even equities is uncertain because AI and that technology leading the market and it’s over valued and over bought that is even uncertain. Will the past pre mid term election years not necessarily reflect on this year.
I’m not sure what’s going on in Europe but unlike the US where we have one deficit each country has their own credit rating. Something like that Have to ask Armstrong.
Ipso – timely article
All of a sudden Iran will be found to be developing nukes, even after we’ve destroyed their underground facilities.
I suspect soon we’ll be asked to believe that they managed to smuggle one onto US soil.
Other than silver, this is not a horrible day. Do you buy em’, sell em’, or hold em’?
Going to have a visit soon …
World Source News
@Worldsource24
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26m
BREAKING: The International Atomic Energy Agency (IAEA) has announced that it has detected activity at the Iranian nuclear facility in Jabal al-As (Pickaxe mountain).
Big hit for Talon Metals and the SP is reflecting it
Drill Hole 25TK0562A Returns 46.43 Meters Grading 13.37% Ni, 16.54% Cu, 0.10% Co, 7.85 g/t Pd, 14.49 g/t Pt, and 8.56 g/t Au (27.39% NiEq or 54.78% CuEq)
So when do the Pakistani’s come in? Not sure of the accuracy of this report.
MintPress News
@MintPressNews
🚨BREAKING: Yemen’s Armed Forces Are Reportedly On The Verge Of Capturing The West Coast
Saudi-backed forces are reportedly fleeing on a massive scale as Al-Khawkha & Mokha are anticipated to be taken over by Ansarallah government forces soon.
If achieved, that would mean in less than a week the coastal cities & ports vital to controlling Bab Al-Mandab will have all been captured. A major breakthrough.
ECB hikes
So then, why does the Euro drop when they hike?
The dollar always spikes when the Fed raises.
Another day, another waterfall. What else is new?
As Goldilocks says small H&S top in AG and AU
Which means we probably need a small C wave down to complete a 2nd wave correction…..and will be the next great buying opportunity…it could of course fail as the mkt is so very bullish and be very short lived.
Silver
Has not broken out of the small head and shoulders but at least the last shoulder is higher than the first. It’s still trading in the shoulders range. Whether is breaks out of it or breaks down is still a unknown.
Buying and selling coins in Germany
Similar situations different coins. Different in buying and selling.
Sept 12 2001
Palestinians celebrating the nearly 3000 lives lost the day before.
Sng 12:48:
I didn’t notice he left.
Don’t know
how accurate this information is, but here is a link to some short interest information of some of the miners…..
https://stockmarketwatch.com/scanner/short-squeeze?theme=Materials+%26+Mining&limit=50
That was underwhelming
The continued attacks finally got their pound of flesh.
Someone is working really hard to keep Contango below $20 and it’s working.
Nice day for the metals
Can you imagine how much buying power it must take to move these things up with the constant barrage of selling each day? We literally have to move up the equivalent of $5 to get a $2 gain in silver. $150 for $50 in gold.
There must be some pretty good demand out there.
SNG – Might be the first time I’ve ever agreed with Bo Polny – kind of
He’s right about an act of God in September, but way off as to what it will be.
deer79
Bessent only announced a $ 6 Billion bond buyback, when the mkt was looking for north of $ 6 billion…that was the news that shot rates up and PM’s down
There’s another
ZH story saying that the 10 year treasury market is disappointed that Bessent officially announced ONLY a $6 billon treasury buyback amount ( apparently the “whisper” number was closer to $10 billion).
It would seem logical that the more things go awry, the only reaction the Fed has is to manipulate the markets even more.
Hold on to your hats!!
Not wrong
Damn, it’s hard to be right all the time isn’t it deer79?
🤬
deer79
you may be right..can’t see any news etc……