Wow, never seen anything like this. How many contracts had to be covered?

Shanghai!

… is trading at $134 plus …

China Silver Price today: Trends, premiums and Market Insights

That’s still a $20 gap even with the recovery in Western spot.

This cannot last.

Chuckle

That’s the purpose of raids like this … to create volatility to keep people away … allowing them to run articles like this … been that way forever … the headline says it all … shock and awe.

Cheers

 Gold Crash! Down $3.4 Trillion as Silver Sinks 12% from New Record Highs

I’ve tried to get into a habit of selling my shares before the Fed meetings. Even yesterday, a lot of the shares underperformed the metals. Probably have another shaky day tomorrow, maybe into Monday am, then get back on track.

That being said, we’ve come back nicely from the lows and there was some money to be made in the shares this am if you were nimble. I didn’t try to mess with it, but I’m sure there were some traders that made some quick fiat.

Dey so scarewy. Ooooow

A flood of paper!

Just imagine what vol they must have used to hit everything simultaneously……

Month-End Adjustments by Commodity Trading Advisors

Overview of Adjustments

Commodity Trading Advisors (CTAs) often make adjustments at the end of the month. These adjustments can be influenced by various factors, including fund inflows and outflows, which tend to peak around this time.

MOM-TOM Effect

CTAs experience a phenomenon known as the MOM-TOM effect, where trading activity and price movements are significantly impacted during the turn of the month. Research indicates that a large portion of cumulative returns for CTAs occurs during the last few trading days of the month. This is attributed to net inflows or outflows that require CTAs to adjust their positions.

Types of Adjustments

• Position Rebalancing: CTAs may rebalance their portfolios to align with new market conditions or investor demands.
• Risk Management: Adjustments are made to manage risk, especially if there are significant market movements or volatility.
• Liquidity Considerations: CTAs may also adjust their positions based on liquidity needs, particularly if they anticipate large withdrawals or deposits.

… can’t have gold and silver finishing the week/month strong … see them crashing now … we can do that anytime we want … don’t pay attention to that traitor Powell … he’s on his way out anyway.

Buy bonds … chuckle

Let them sell the shares they always run to them run off. The train just might leave them running after it eventually. I just feel bad for the guys who ran after the chasing up the prices this morning then smacked right into the back of the train A minute later.

You .might have to re read that last post. I’m signing off for now.

Let me count the ways?  Dollar up a tiny bit and probably temporary posts Fed announcement. Tech got hit and silver is also a industrial but we know in this case there is still a shortage. Less they expect a crash and recession in which case PMs will recover And do well during that time. Are the tariffs settled? Is Iran settled?  Is this a temp stock reaction. Never the less there are stocks still with A upside potential and others just hit their first targets with more to come.

Earnings yet to come. I hope they’re good.

agreed…re never see…….but this is being done while millions more watch……..if there is no news, then many will wonder just why such smashes are allowed…plus I think the admin want prices up.

So they may get called out…..

They can pursue their fiat. I’ll keep my phyzz, thank you very much.

IMHO – they still have a problem with Shanghai.

we will never find out who/why we just saw this smash…..Sure smells of desperation…

WTF Just Happened…

https://www.zerohedge.com/markets/wtf-just-happened-0

Well I’ll be a donkeys nevermind. I take  that back.. they got Barrick too.. Hard to stay positive in this sector..

Yeah tech is down, but B survived and thrived. I’m glad, I added shares the other day. They’re shaking the tree. The stocks will win in the end.

Well if they can’t beat the big guys they’re going after the stocks and little guys. This morning early trading before open they bid PM shares up like a fishing hook. It gave me the opportunity to sell something thank you very much but I wouldn’t buy yet. You can’t be sure till you see what comes next. Then overpriced starts dropping and starts the selling.

They take back their bid.

So pm shares must be down too. However, it does appear that they are going to waterfall the metals back down as well.

Just so things look normal ya know.

The day-to-day bullshit that goes on with this sector is just too much.

This is going to be a paper flush for the ages. We’ll see if they use it for covering purposes.

The Fed can never appear to have lost control.

Vizsla Silver Provides an Update on Media-Reported Security Incident at the Panuco Project

https://finance.yahoo.com/news/vizsla-silver-provides-media-reported-130000339.html