Really, I know their baiting, bringing the silver to them and the sellers aren’t getting it back at the price they sold it and limited with difficulty. I wonder what they’re up to now? Psych warfare?
Shanghai opens – says not so fast
Game on.
Didn’t realize they took us back under $75 at the low.
Yes volatility
Shaking week hands out. Asian Guy 17:15 about Monday open in US. One thing he mentioned is the Fed easing. We know that’s coming but checking yesterday Powell said but can’t be sure till he does it that he might hold rates this January, I wonder if he’s watching the PMs, but knowing more are coming this yr could be a buying opp. if any pull back. 17:15 on.
Well…
I won’t do that again!
MG
Volitilaty on steroids
$7.00 range on the Crimex already. Open interest has remained steady so some new shorts replacing the old ones. Somebody is doubling down on a bad deal.
The currencies of the metal producing countries have participated in the metal rally to a lesser degree. Even the Mexican peso is in the game.
Gonna be a long night for some folks!
rno
So where are the prices coming from now?
That is, if Shanghai isn’t open, what exchange is providing the price and volume data?
Midnight Gardener, see? It’s all your fault for mentioning that ruddy monkey!
Oh well
Silver was exciting for 20 mins.
MG
That Asian Guy
Said check the volume, has to be up you don’t want a trap. Check the yields , check oil, should move up check gold.
Shanghai
Opens in an hour at 9 EST, closes at 3:30 am EST with a two hour lunch between 11:30 and 1:30.
Maddog
Yep, here come the Kamikazi’s. This had to happen and Sunday/Monday is always their favorite time to do reversals. Lots of paper to throw around tonight. It will be interesting to see what price Shanghai says it is for actual metal. I suspect this is just the opening salvo in what will be a multi-month war.
You know what’s funny? This is familiar territory for us, we’ve seen it so often over the years. They won’t be panicking anyone here at Oasis.
Looks like they opened a few new Silver mines over the weekend
Heavy bombing coming in…… scum are v active.
That’s great people can charge 200 an ounce for silver but in the end
I’m just buying from a reputable dealer such as Colorado Gold. Anyone charging nosebleed prices is in it for a fools game
Buygold
Agree certainly not just Samsung etc….that post by eeos from Ed Steer makes clear there are loads of shorts…..
Looks like we have an extraordinary confluence of events ….shorts in huge size, revaluation of Gold and then to cap it all we have monstrous new demand …and a TA picture that says way up, thus confirming the fundementals …..
They’ve been leaning on gold since the open
Down $13. Silver still up $2 but it’s going to be an all night battle.
Gold could be a smoke signal.
I guess I missed that
Didn’t know a certain simian was considered unlucky. With all my lurking I should have caught that. Oops. I always liked it.
oh well, up 6.48 in first 20 mins works.
For once we get the open we have been waiting for. A really big hard to cover up rally
cheers
MG
$83.40…
…and rising !!
Check that
$82.05 up $2.78
I wonder if this is the day they’ll run it up and reverse us? They love to do that on Monday’s.
If not, the silver shares better be up huge. No more excuses.
Midnight Gardener
I’m with you. I think a lot of us are looking forward to the open tonight. Going to be interesting in Shanghai too.
and…..we’re off silver up $1.19 to $80.46
midnight gardener,
some feel mention of that particular simian can jinx things.
true? not? who knows?
Maddog . OK
I don’t know the mechanics of the exchanges like you do enough to argue with you.
I will argue though that this is more than just Samsung’s new battery. There’s no way that these banks would let silver rise like it has over the last 6 months, 40% in December alone if things were just peachy at Crimex.
It could be that China announced they would no longer export silver after Jan. 1st and Shanghai is just pushing the price.
I guess we’ll find out how the Crimex and banks are doing in the next delivery month of March. I think they’re in trouble.
Maddog @ 12:11
The Debt Clock agrees with him (and you) … 356 paper claims against every ounce of silver … a mere 142 for gold …
U.S. National Debt Clock : Real Time
Chuckle … snort
eeos
Tks for that Ed Steer….good to see he still thinks we have loads of shorts….which will drive prices way up…..Though I think GATA and particularly Murphy are v anti Trump, so will not entertain the revaluation/debt solution thinking…..
TaiwanPlus News
@taiwanplusnews
Taiwan’s main opposition Kuomintang Chair Cheng Li-wun has revealed that her party has been in communication with the Chinese Communist Party, and that she hopes to visit China and meet with Xi Jinping early next year.
What’s that I hear…..
Is it the Rally Monkey warming up?
Rarely am I excited about the open, and take down tuesdays have been so predictable they bore me.
This could/should be an interesting open tonight.
As J. Dines would say, firm hand on the tiller.
since 2000!
MG
