This will continue all day long until they get the desired result.

These guys are bashing and covering. This is the 3rd or 4th time so far today.

Dealers are offering me below spot for silver eagles while wanting 14 above spot.

The good news is the shorts are making nothing and the mkt just keeps saying thankyou…..if we break 4355 the bswing target is 4450

coming after the metals now.

This will be a day of tears, especially if the QQQ’s start to weaken any further. Just no way they can allow pm’s to be the only game in town. But it is OK for Bitcoin to bounce back 2.5%.

Coming back now. I so hope I’m wrong.

Despite the metals coming back toward their morning highs.

Can only mean one thing, the metals will get flushed before this day ends.

HUI up a whopping 2 points. I have red all over my screen now. What a joke.

Note this a log scale chart……which shows the moves in proportion of the multiple…..We may be in 3rd of 3rd of 5th……the 5th wave being the most explosive of all….so we have yet to finish either of the thirds and do the final blow off 5th of 5th

They dump some contracts all at once to test the resolve of the players and run stops.

So far, good for a $.80 hit on silver and $17 on gold.

Doesn’t look like they’re done yet either.

No attempt to hide their actions, just an up in your face bull rush attack on the metals. 1/3rd of gains wiped out in a few minutes.

We may be lucky to hold any gains today.

Good to see gold pick up some steam too.

Hopefully this starts the melt-up into year end.

Silver industrial demand will continue to grow despite high prices!

With prices above $60 an ounce, many speculate that industrial demand for silver will fall due to substitution. However, the Silver Institute projects industrial demand will rise as offtake from vital technology sectors accelerates over the next five years.

“Silver will remain an essential component across multiple high-growth sectors as industries race to embrace digital innovation and meet clean energy mandates.”

Along with green energy initiatives, including solar power and electric vehicles, AI infrastructure is expected to use increasing amounts of silver.

Last year, industrial demand for silver hit the highest level on record.

According to the Silver Institute, industrial demand will soften moderately this year, declining by about 2 percent due to “global economic uncertainty stemming from tariff policies and geopolitical tensions, as well as a more rapid pace of thrifting due to soaring silver prices.” However, despite the modest drop in demand, 2025 will still likely come in with the second-highest silver industrial offtake on record, and it is expected to continue growing in the near future.

We could of slept through that and back to normal for now. Looks like platinum got a lot of attention.and wants to go to 2000.

so they are chipping away at gold instead.

The pm shares aren’t exactly ripping higher in the premarket. Could be an indication they’ll contain gold and that probably means they take some air out of silver too, although it’s hard to see it erasing the entire $2 move up.

This is making the assumption that the Crimex still has a steady grip on the gold market.

The dollar and rates are working against us this am. Something to keep an eye on.

Oil jumping back up 2.5%, Bitcoin down $1K. Bitcoin seems to be struggling to retake $90K.

https://youtu.be/qo9rHYJW8Ek?si=JWtpva44NhAMCthN

Gold and silver to explode. S&P collapses after ATH. Credit implosion.

I just hope they don’t bring that candle ‘ price ” back  down and make a shooting star candle. Oh well.if they do more  buying ops.

While looking for something and saw this silver historic  65 then then said Dec 17 still 16 Pacific time. Then goes on scamming…meant  scanning stupid autocorrect his video  about all the uses and reasons. So I check the price and 66 awesome.

Silver & Gold Explode as Dollar Tanks – Bo Polny

Yikes!

London has some work to do.

Metra Christmas
https://www.railpictures.net/photo/897239/

Those who live in states where it can be long power outs like tornados and hurricanes should grab up the current solar panels now to keep their phone and cooler or some on.portable oxygen or C paps  going if their generator runs out of gas before the prices rise less those copper type think it was Ferrett mentioned work as well..

Meanwhile, I sold my oil short a bit too soon concerned about nervous speculators but should of shut out the noise. Now I’m wondering what’s going on even though I expected it could go to 50 next.

Here’s part of why I’m a bit concerned  as AI isn’t that far along yet and besides PMs not up to long waits on speculation. Ukraine is the new terrorist of the West, that war was not set up to win but that’s not all going on……

We’ve been watching the West build this sanction package all year through our interest in tanker investments. Although it’s been a slow process, sanctions are finally having an effect.

One example: the youngest tanker in the dark fleet is the 2019-built Dijilah. Even though a modern tanker like this should be earning a fortune right now with spot VLCC rates currently at $120k per day, it has been sitting empty and idle near Sri Lanka for the last five months.

Also, on Dec 3, the European government announced it had reached a deal to forever and permanently end the purchase of Russian gas and oil.

They’re attempting to “shut in” Russia’s oil. Blowing up export infrastructure — in conjunction with sanctions and no more European gas purchases — is proving an efficient way to do that. Expect more of this.

Not only has Ukraine stepped up its war on Russian oil exports, but  U.S. forces have seized a VLCC near Venezuela carrying a million barrels of Venezuelan crude… and they’re threatening to seize more of them.

Bloomberg:

The seizure of an enormous oil supertanker off the coast of Venezuela on Wednesday is just the beginning of a new phase in the Trump administration’s ramped-up pressure campaign against Nicolas Maduro, according to people familiar with the operation.

Meanwhile, the market perceives there to be a glut in the oil market. The WSJ:

A Billion-Barrel Oil Glut Is Forming at SeaGeopolitics and sanctions are causing crude to accumulate on the ocean.

Last week, WTI fell about 5% to $57, its lowest price in nine months, and adjusted for inflation, its lowest price since Covid. On Monday it fell more.

This chart shows the WTI oil price (adjusted for official inflation) on a log scale going back 50 years. Oil has rarely been cheaper — relative to the cost of living — than it is today.

With Silver

I grabbed some too on that dip online but had taxes cuz of California. Same thing 20 oz. He has good prices and no tax state. His shop is getting popular. Fun o watch. Hope he has security. Too many ass hats out there now.

looks like $64 in the rear view mirror.

…(20:27) there’s $64.50. do i hear 65?

…(20:33) there it is.  next?