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and that trend is now down.

They all loved it when all they did was buy….now all they will do is sell, down to zero…. unless they get stopped.

https://finance.yahoo.com/quote/UWT?p=UWT&.tsrc=fin-srch

I was out a while just got home. Sooner or later after hammering out everything, they will have to do a week end reset. Turn in $25 old dollars for $1 new dollar. Or, Turn in $50 old dollars for $1 new dollar. And put gold backing on them. Gold will probably go $5 grand physical. And people will trade the Gold for new dollars.

Powell announced a new give away at noon and that news was sold.

They will announce a stock market monetization program as early as tomorrow morning now.

Chuckle

coup de grâce. A French phrase meaning blow of mercy, to the Federal Reserve Act of 1913 that is, a final killing blow that puts a fatally wounded anti Gold anti USA Currency Manager out of his misery; used to mean the action or event that finally destroys or ends something that should have never been created in the first place.

The Founding Fathers abhorred a central bank.

Another version…

A coup de grâce is a death blow to end the suffering of a severely wounded person or animal. It may be a mercy killing of mortally wounded civilians or soldiers, friends or enemies, with or without the sufferer’s consent. LOL

Roger that Capt, agreed. This whole paper casino system is a no brainer. Its a joke. Basically the paper players are voting the prices up and down. Like a super bowl game where the people in the stands vote the winning or losing team.

Its an old worn out tired system. (started in 1913) And started reversing in steps. Y2K, Dotcom, 9/11, and the final coup de gras, 2008. I got so happy and optimist for the USA reversal at that time.

The only problem is pain reversing from a bad 100 year habit to good future. The “withdrawals” have been hurting the Fed and the system as all the stupid decisions are “coming home” hitting them in the face.

interconnecting all sectors into one convenient funnel for the wizard to control with ease

all morning a comeback was in the works.
Did they cut again?

NEM now positive.

It’s the same reason every time — liquidity — which is what you described.

The idiot Comex players (think hedge funds) must sell gold for over all liquidity reasons.

This is why the open interest bubbles in Comex gold and silver are deflating rapidly as we speak.

Same set up as in 2000 and 2008, where once we hit bottom in Comex open interest we get a slow recovery as the physical markets will play a larger roll in price discovery. This was also the case in 2011 as well, where open interest remained low while thinly supplied physical markets set prices.

With physical markets even tighter today, it’s not a stretch to think prices will recover nicely soon and hopefully keep going in silver’s case.

Cheers

Look like they might be done going down for the day.

NEM is slowly recovering.

Geesh, Germany down 11.5%

https://www.zerohedge.com/geopolitical/us-nukes-reportedly-delivered-poland

including bonds.

Ten yr. was.65% now.81%? Silver down over 7% – shouldn’t it be halted??

For some reason, I’m not worried. Stacked with phyzz watching these idiotic paper markets melt down.

Im just surprised the Fed hasn’t stepped in today.

LoL

and that doesn’t include Biden…..

as of tuesday’s numbers, more americans have died by testifying (or looking like they might) against hillary than by the coronavirus.

Gold Pukes Below $1600 On Massive Volume, WTI Tests $30

$16 billion notional sold through the paper markets.

https://finance.yahoo.com/news/novo-acquire-100-interest-purdy-134947271.html

There goes $1600

Fed Injects $198 Billion Via Repos To Unfreeze Paralyzed Funding Markets

The Fed is now dangerously behind the curve, with the funding market threatening to lock up at any moment.