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I’d feel a lot more comfortable about today if the DOW wasn’t going nuts and Bitcoin wasn’t up 11%. Just looks like we’re part of a large buy program.

Gold has been a rock though, even during the selloff. Silver is the wild card.

Since the Chinese are on New Year next week, I guess we should hope the DOW keeps going and the dollar continues to sink. If that jobs report comes out on Wednesday, maybe we’ll get some help there.

Nice bounce to close out a tough week. A little short covering here at the end of the day.

First bitcoin, and now the DJ has beat gold to 50k.
How embarrassing. 😅
I wonder if the dow will sell off after reaching such a huge milestone.

“Bitcoin’s brutal crash deepened Thursday as the price fell below $67,000, wiping out fortunes and shattering claims it was ‘digital gold’.”

https://www.dailymail.co.uk/yourmoney/article-15532385/bitcoin-crisis-value-halve-fortunes-wiped.html

We’re on the same page when it comes to Omar.

Deer79  – with regard to Bondi and the DOJ. It’s Trump has the authority and responsibility to fire her, why hasn’t he? Who is advising him not to? Then again, the Senate will only confirm swamp. It’s all a disgrace.

That’s a good plan, so is the others as long as the urge to jump back in at to top is controlled and don’t look back unless the resistance breached and is back tested as support you could buy back some at least on the way up with trailing stops although those market makers like to tail down and grab those shares in a move uo but stops especially at support auto or manual if you can watch it every second work out better than not.

…the only reason that TPTB allow us to be up as much as we are today, is because the DJIA is up @1,000. Agree with Captain that next week could prove to be a challenging week!

Hopefully it stays above and we move into Maddog’s wave count.

Probably less important but I’d like to see HUI stay above 800. 20% down inside 3 days is quite enough.

Trump removes video with racist clip depicting Obamas as apes

https://www.bbc.com/news/articles/ce8r8y78g10o

VBL’s Ghost
@Sorenthek
The Epstein email in question that implies No Gold in fort Knox

“The email forwards an article from The European Union Times claiming that former IMF chief Dominique Strauss-Kahn was jailed in the U.S. after discovering that all U.S. gold reserves at Fort Knox were missing or unaccounted for. The article alleges a conspiracy involving the U.S. government, the CIA, and rogue elements to suppress this information, and describes Strauss-Kahn’s arrest and subsequent events as part of this cover-up. It further connects the story to statements by President Putin and U.S. Congressman Ron Paul about U.S. gold reserves, and references a prior report of fake gold bars shipped to China. The piece concludes by warning of potential global economic consequences and criticizing American media for allegedly hiding the truth from the public.”

https://x.com/Sorenthek/status/2019738109223551104?s=20

You are right in that there are many permutations the waves can take, particularly in the sub-waves.  Still I would expect a traditional ABC for the main pattern.

That is my expectation and what I have set my selling plan up on.  Just as I sold at failure of different support levels on the way down, I plan to add as resistance levels taken out.  I have found it is better to set a plan and stick to it rather than panic buying and selling.  Just IMO and just for me.

I know of posters here who sold silver at each resistance point on the way up with a view of selling say 1/3 to 1/2 of their position.  And that worked well.

aurum

… in reviewing the open interest put / call ratios across the sector … there is a reasonable chance one more good washout in the shares is possible … not so much in the metal ETFs with … with the ratios at more elevated levels beginning with GLD … notice though there is still room for more selling to close the gap.

… the silver EFT ratios are well above prices however and should be able to display relative strength buy signals into further weakness …

… this should work to support prices going into expiry on the 20th … but this does leave next week open to the possible weakness triggered by still optimistic share players … measured by the GDX and NUGT … the two most aggreges examples … here GDX could fall over 10 points …

…. and NUGT could fall into the 160’s … Ripley’s believe it or not …

… so next week could mark important bottoms.

Hang on tight folks.

Cheers all

I don’t know between all that’s going, they crazy history of commodities and it’s catalyst or manipulation  or if the computer Aglos will make it obvious as simple as a ABC.

Keep in mind all the other letters shapes and forms if it deviates.

Maddog glad your watching.

Pam Bondi’s DOJ Is Sabotaging The Trump Coalition

https://www.zerohedge.com/political/pam-bondis-doj-sabotaging-trump-coalition

I am hoping you are right .., that’s what I saw coming … and with the absolute washout in Comex open intertest (OI) numbers now at 2-year lows … one thing is for sure … even with the Chinese off next week … prices should stabilize soon. (barring an absolute drubbing in the broads, bonds, liquidity – even is so – expect a relatively fast recovery)

Metals Daily Exchange Volume & Open Interest – CME Group

Then you have the potential blow-ups in Comex, London, and in Shanghai next month due to rapidly evaporating physical, where only uninformed idiots are not sitting tight here.

Bitcon is not the ‘thing’ you never sell … physical PMs are … any donkey (except Saylor) knows that … at least until a new and proper currency system is established. (these new tokens and CBDCs are not that – just more of the same on steroids)

Cheers all

I’m glad your up to the fibs other than recognizing without tools. Keep watch though of the extended scenarios. ABDC,,WXY / WXYZ, and extensions of them double wxy triple WXYZ. Etc etc

Couldn’t agree more……

Corrupt judges, deep state influence???

Especially when you see evidence of a 2 tiered criminal justice system ( J 6 people in jail, and criminals like Ilhan walking around like nothing happened).

Sorry to digress ( and I certainly don’t want to inject politics into our conversations), but I’ll just post the link…….Makes me think that Pam Bondi could be a deep state plant????

https://www.zerohedge.com/political/pam-bondis-doj-sabotaging-trump-coalition

Yes Ilhan should definitely be in cuffs and headed for home … although she’ll probably choose Switzerland …

The Somali’s make the Gypsies look like model citizens, pillars of society!

“swamp creatures” I’m grokking! Evidence all over the place but no indictments.

From the hill.com:

The Bureau of Labor Statistics (BLS) has announced new dates for several reports, including the January jobs report, pushing back their publication after a partial government shutdown temporarily paused the agency’s operations this week.

The jobs report was initially supposed to be released this Friday, but the agency’s findings will now be made public next Wednesday, according to an updated calendar on the BLS website.

Did they get delayed again? Anyone know?

Fake wineries, daycare’s, money laundering, voter fraud.

Kind of begs the question, why isn’t she in handcuffs and on her way out of the country doesn’t it?

This Trump admin has still not jailed a single swamp creature. I find that amazing – and disheartening.

https://www.standard.co.uk/business/business-news/glencore-rio-tinto-london-stock-exchange-switzerland-b1269823.html

Well you certainly could be right as I have been wrong often enough to be cautious.  Still I will carefully watch the shape of this rally should it come here.  I know I am too conservative at times, but I have been investing in pm’s long enough to know long bear markets can affect your quality of life.

aurum

That’s highly unusual.