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Posted by Captain Hook
@ 17:52 on February 3, 2026
With the open interest (OI) on both CME Gold and Silver now in the extreme buy zone … you are right … they shouldn’t be able to do that again … especially if the Chinese don’t completely lose their minds here.
I think today was a good day … and I am not counting out a c -wave down to finish off the correction in coming days.
In the old days we would have been talking years with such a trouncing … but now it’s weeks … because now Comex is nothing more than another physical delivery mechanism.
Everybody knows the cabal is finished because they no longer have the physical to play the fractional reserve game anymore.
They are down to rapidly dwindling reserves (because the sharks can smell blood) and can’t steal enough to make a difference for long.
Screwed themselves … it always happens with such hubris … like that of the Pharos, Emperors (Rome), and now the billionaires … each some two thousand years apart in terms of their dominance.
Yeah, looked like Bitcoin was down for the count at one point. Will be interesting to see how much juice they’ll give it.
Oil had a nice day.
I’m wondering if these moves aren’t going to start getting more violent going forward. Gold was up nearly $300 today and it was a yawner. Hoping for that “V” bottom. It will take them twice as much energy to slam the metals again going forward. Maybe they just decided to join the party instead. Good day for the shares, want to see that continue, earnings coming up in a week or two.
Posted by Captain Hook
@ 16:47 on February 3, 2026
Looks like we witnessed a stick save in bitcon today … that could buy them a few months and a move up to 95 … maybe longer and higher … as we have five-waves complete on the weekly.
So PMs should enjoy one more rally too … we should know by week’s end if we get a V – bottom.
This next leg should be compressed in time … so it too could be complete as early as March (end?) … but it could go longer if the money printers attempt staying ahead of the curve longer … perhaps into late spring / early summer.
Michael Oliver says silver could be $300 to $500 by then.
All just guessing at this point of course … but the bitcon stick save today was very telling in terms of their intent to keep the wheels greased.
When giving out those GDP numbers in 23 Biden was in office. It just shows all our money going over the border is a black hole and will not get reimbursed or even get things like peace in Gaza done. Same for Ukraine. Gaza needs outside intervention as well as Ukraine to the point of needing a third party to take over because in both cases they historically hate each other and why you cant play games just mixing people when their religion and or culture and its survival are at odds.
The globalist in europe don’t just want slaves they want genocide of their own to get what they want and should of learned a lesson already that no good deed as they see it, they should be grateful right, goes unpunished and how ignorantly blind they are to that fact. Darwinism in motion.
I fear to count how many countries our tax dollars are going out of our country needed here every year like some sort of entitlement at the expense of our people.
It has a new resistance now it has to sell out those wanting out at around 90 now.. I believe in true valuation of the metals because good earnings of miners is where the real gains should be in paper. At the same time there has to be some balance on the phyzz and not let it get out of control through greed and Fomo that they sell the phyzz and give it to China while leaving them with devaluing paper promises for fear it will drop at that rate as well as for our economy and it’s industries that need it and where paper trading comes in on both mines and industries.
Like I said these institutions are not good investors just greedy who would sell their mother if they could make a buck but don’t have to follow the laws or rules set for everyone else and bail themselves or get bailed out every time they get themselves underwater at everyone else’s expense.
I was looking into Trumps where at least he’s concerned where this is going project Vault on what is on the critical minerals list, and quite a list. Silver is on that list.
Those Asian guys, I’m not sure who they are but they’re all saying the same thing, the others are copying them. Chinas famous for copying but then so are the talking heads. Your right at least they’re not trying to cover things up or down play it. Even Armstrong didn’t have much to say about it or what’s really going on. To get information you dont have to join a party to do it but it helps to check it out. I found each different one but not all have information we have not gotten here or only partial information and here appear to know less or not telling the truth. Excuse typos
They waited until noon and the SM finally fell apart. Not a good reason, but reason enough to slap the shares and silver down a rung. Gold is holding better, maybe dollar weakness is helping.
Bitcoin down $3K.
Silver trying to come back now. We’ll see if they let us, they are relentless.
Re ratio’s the AU shares tried….to break up…but they too remain bargain basement…though not as cheap as the Ag ones…the fact that neither went on a real run, suggests v strongly this is not over…..
We will have to see how this plays out…but the lack of volatility says Friday was a deliberate mugging, that caught the mkt perfectly…..we don’t have huge punters throwing vast Volume around, which says we are nowhere near the top.
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