Loading ...goldielocks @ 22:41
Word is the Warsh announcement was just more Kabuki to spark the selloff.
If the broads start to sell off, expect a change back to a dove to bring in programmed trading.
Along with some good old currency debasement acceleration of course.
They will sacrifice the dollar every time because the public is still oblivious for the most part.
They will get caught in a ‘doom loop’ if they do that of course, with bond yields heading north, which should leave PMs last man standing.
The march higher for PMs could return far more quickly than more tempered appraisals would estimate.
Thing is, the feds have to stay ahead of the curve now because of currency debasement diminishing returns.
The current situation has ‘crack up boom’ written all over it.
Middelkoop
Willem Middelkoop
@wmiddelkoop
·
7h
Bifurcation in Silver
paper ($75) is cheaper than physical ($100)
West versus East
COMEX/CRIMEX versus Shanghai
Looks like everything is trying to bounce
The dollar is softening, 10 yr. down 4 bips. Crypto trying to bounce along with the SM futures improving.
The Walsh headline fading into the distance.
ferret
that’s good to hear. I’m not sure our kids under 40 have had their fill of crypto just yet, especially if they have to stand in line to get something they can hold in their hands, unless it’s an I-Phone.
I was thinking $6K more like March.
The local media reported lines of people outside dealers.
All buying the dip. Also reported GS and other banks including our CBA forecasting USD6,000 by Xmas.
Change
Bearish spinning top turned bullish for now.
Slow down on take down
Ending for now with a bearish spinning top. Coordinated by ignoring the rules to win a battle but not the war. Trying to push out as many as they can by any means necessary. I’ve read people say their stop loses weren’t activated. Forced liquidation when not even leveraged.
Shanghai pm fix $91.13
Over the weekend they found a bunch of physical silver that was $30 lower an oz., either that, or demand fell off a cliff literally overnight – amazing. I call bullshit.
Shanghai is just as fake as the Crimex.
When the Crimex takes it down to $50, will Shanghai find more at $55?
The captain’s article said that JM Bullion and APMEX were “overwhelmed with buyers” but a previous video says local shops are overwhelmed with sellers and can’t offload the metal so they are puking it?? Which is it?
The guy I’ve bought from since 2001 says more sellers. So, the spread has widened. He now pays $8 under for eagles and asks $13 over. That more selling.
This is not good.
Now 78.79 but by the time I post it probably lower.
Captain Hook
I wonder if those in equities realize that if the Fed pick was the reason because he’s allegedly strong dollar it would of taken the whole market down for the same reasons but it didn’t. Yet.
What’s going on over seas.
Check silver and gold price, silver 81 something, talk to daughter over grandson with the flu and daughter in law with sisters kid with the flu. Now silver 80 something. This keeps up I might pick up some junk barter silver with low premiums.
Bitcoin below Strategy’s average cost.
I suspect Saylor may be on the phone a lot this weekend. Wonder if he’s going to buy on Monday as usual?
I guess between Thursday and Friday the world found a whole bunch of silver
Apparently, paper does price physical. Shanghai AM fix $98.91
What a bunch of crap that is.
Wall Street wins again.
Buygold
Considering it’s a tax it shouldn’t be listed only the premium attached. Interesting that they can negotiate a tax.
deer79
somebody like cheap silver it’s just gone 2.3 % UP !!!!!!
Looks like
we may retest the intra day lows from Friday….
Maddog, Goldie
Lanci said that the VAT isn’t calculated in the published price. He said that buyers and sellers work that out between themselves based on location, etc.
I have no idea whether what he said is accurate. I don’t follow Lanci.
eeos 11:36 true, horses for courses.
The boys built their own gaming machines for the same reason, Nvidia graphics. Apple no good. But for someone who is not tech savvy, who just wants their computer to work without problems, not have to worry about upgrades (because they are automatic and free) then Apple is a better way to go in my experience.