Loading ...If it does come crashing down the longer term is looking good. I would like to see a theoretical movie of the Comex you explained don’t need to cover their shorts and just sell longs and the buying gobbles up their longs and keeps going and all they have left is mostly shorts. That would be a hoot.
Goldie
Could all come crashing down. Or not.
No double top in silver.
As always, I’m prepared to be disappointed.
Buygold
A mixed crowd of gold buyers. I’m just casually watching gold pyzz chart and double top on yr 24 you can see easy on the 5 yr that is common this time a year putting any outward fundamentals aside. If it breaches or doesn’t.
Ps It never seems to.
Maddog – yes
That’s what I mean, if they actually had to cover, prices would be going up triple digits, not 1/2% – 1% a day which is the norm – even with silver going ape. They still seem to somewhat have a handle on gold at least. This is almost a technically controlled ascent.
Seems like we’ll need a major default for things to really, really go.
PS – I think the market was already closed after my last post. I’m on the west coast time zone. A little messed up.
Buygold
Re Cover shorts
Yes they never seem to cover…simply because if they did, prices would go even more ape and we have never seen it…..
Taking a big swing at us now
Maybe they figure they can just wait us out as usual. Pretty big advantage not covering or getting margin calls
Maddog
Yes. I don’t fully understand the mechanics of how it works, but clearly it seems they don’t have to cover short positions, so they just dump longs and add shorts to take swings at moving things lower?
I don’t know, but as you say it’s not really working this time, and they seem to be overwhelmed. Mostly just in silver, gold is being somewhat contained.
I’m just happy not to be creamed day after day.
Absolutely zero demand here in the states. These kids under 35 are all crypto traders.
Great until the music stops I guess
Buygold
What is v interesting here, is that you’d think the scum wud have some idea of just how much buying is being done, but they clearly have no idea….why else wud u sell a mkt down and try and run stops etc…..if u knew the buying was so large it wud take it all back up…..you just wouldn’t do it, which also means the buying is also not US based, as there is no talk about PM’s being a super bull anywhere, ie the general public are not aware as yet….which confirms my idea that the o/n buying from the far east is so large, it has to be fed into the mkt during europe and US hours …..and whoever is doing it is not helping the scum one iota. They are using the scum play book against them….
Covering is heating up
Shorts have some problems. Share shorts too.
Behind New Caledonia’s Riots, a Fight Over Vast Reserves of Nickel
PARIS—Before riots swept New Caledonia last week, President Emmanuel Macron aimed to
put the remote territory—and its massive reserves of nickel—at the center of France’s push to
secure raw materials for the clean-energy transition and compete against China in
manufacturing electric vehicles.
Those plans are colliding with a hard-line local political movement that seeks independence
from France and is refusing to go along.
Maddog
Pretty impressive action. They had us down at one point premarket in silver $.54, now up $.45. $1 turnaround that usually happens the other way.
Scum is facing fierce opposition for a change. Dollar and rates don’t matter.
Hopefully it sets off a firestorm of covering.
Buygold
That sell off may just have ensured there were no weekly gaps…..the scum may well have screwed themselves…..
Ipso 9:16
9:18 There goes another one. Fauci and cohorts are gonna be even bigger.
goldielocks @ 8:51
I believe it!
Maddog
What would be awesome to see is the scum takedown fail as the longs do the bait and switch on them.
Usually doesn’t happen but would be quite a change in the usual game.
Shares have given up early gains but not crashing.
Exciting times for folks that have had the stuffing kicked out of us for 14 years running. 😇
Ipso
As I mentioned a few days ago about Karma you don’t have to do anything, it just comes in this world and next. He’s gonna have quite a bill to pay in his next life.
Here’s his legacy
Why President Raisi’s death has sparked off fireworks, celebrations in Iran
goldielocks @ 0:19
A lot of people in Iran hated Raisi and will be glad to see him gone. He killed and imprisoned numerous political opponents.
Callinex Doubles Size of Pine Bay Project with Acquisition of Highly Prospective Exploration Land Package in Manitoba
https://ceo.ca/@newswire/callinex-doubles-size-of-pine-bay-project-with-acquisition
Voyageur Mineral Explorers Corp. Options Alberts Lake Project
https://ceo.ca/@globenewswire/voyageur-mineral-explorers-corp-options-alberts-lake
Caledonia Mining Corporation Plc: Utilisation of the block admission in respect of ATM Sales Agreement
https://ceo.ca/@globenewswire/caledonia-mining-corporation-plc-utilisation-of-the-7db35
McLaren Update for the Augdome Property Located Adjacent to the Dome Mine, Timmins, Ontario
https://ceo.ca/@newsfile/mclaren-update-for-the-augdome-property-located-adjacent
Hanstone Gold Acquires Mineral Exploration Claims
https://ceo.ca/@thenewswire/hanstone-gold-acquires-mineral-exploration-claims
Hemlo Explorers Announces Listing on the CSE
https://ceo.ca/@globenewswire/hemlo-explorers-announces-listing-on-the-cse
Stellar Africagold Share Consolidation and Update on Tichka Est Project in Morocco and Zuenoula, Cote D’ivoire
https://ceo.ca/@thenewswire/stellar-africagold-share-consolidation-and-update-on
Founders Metals Announces $10 Million Private Placement
https://ceo.ca/@newsfile/founders-metals-announces-10-million-private-placement
American Eagle Closes Previously Announced Upsized Private Placement for $8.2 Million
https://ceo.ca/@newsfile/american-eagle-closes-previously-announced-upsized
Condor Gold CEO Mark Child Provides Comprehensive Update on La India Project in Nicaragua
https://ceo.ca/@thenewswire/condor-gold-ceo-mark-child-provides-comprehensive-update
Trojan Gold Inc. Announces Non-Brokered Private Placement
https://ceo.ca/@newsfile/trojan-gold-inc-announces-non-brokered-private-placement
NEW GOLD COMPLETES US$173 MILLION BOUGHT DEAL FINANCING
https://ceo.ca/@newswire/new-gold-completes-us173-million-bought-deal-financing
SSR Mining Provides Update on Proxy Statement
Shallow Trident drilling returns 38m at 2.9g/t Au
https://ceo.ca/@newswire/shallow-trident-drilling-returns-38m-at-29gt-au
Prosper Gold Provides Update on Option Agreement to Acquire the Kaza and Northstar Properties
https://ceo.ca/@globenewswire/prosper-gold-provides-update-on-option-agreement-to-e1388
Back to earth now
The real battle begins
Hopefully historic – solid this am so far
Scum will have their hands full. Funny, spot silver shows up $.74 but SLV up $.31 – Not sure the disconnect, maybe their was AH movement in SLV Friday?
Copper and gold – the leading lights of the base and precious metals arenas – are in what Lloyd-Smith puts as “history making mode”, as both powered to record highs in early Monday tradin
Gold and silver overseas
Gold 2441 Silver 31.9 moving up by the minute.