Is a Central Bank Digital Currency (CBDC) a good idea for the USA?
Total Voters: 34
Loading ...Not sure I’ve ever seen one in the pm sector. Would be nice to see and a big surprise. There wasn’t a lick of covering into the close. A little in the AH, but they have the metals on the ropes, hard to see any positive movement especially going into the Fed meeting.
After 23 years, I still know nothing.
Yes, I don’t see this intervention lasting long.
They will get caught in the lies as they always do.
Good weekend all.
Get out and enjoy nature.
And I think the ever growing roles of CTA’s help to exacerbate and manufacture bigger “swings” in financial assets.
How many times, over the years, have we heard that the metals are being sold to “raise cash?”
CTAs use a variety of techniques to generate profits for their clients. These strategies can include trend-following, mean reversion, and discretionary trading. Trend-following CTAs identify and exploit trends in the market, while mean reversion CTAs look for instances where asset prices deviate from their long-term averages and aim to profit from their subsequent reversion.
A bear trap occurs when the price of a financial asset appears to be on a steady decline. This leads investors to expect a further drop, and they short-sell to profit from the continuing downtrend. The trap is now set: instead of continuing to fall, the price suddenly reverses and goes back up.
Comment: We’ve seen that a few times lately. Today it just seems more extreme. Maybe because its Friday and futures traders are afraid to hold during a weekend.
I think the same thing happened with Nat Gas etf BOIL. It started climbing, then started falling, and it reversed. I bought some on the first up day, on 6/3 and I’m up 13%. So far LOL.
are ecstatic with a below $2300 print. What douchebags
Tks for that
I still see the action here as a bull flag consolidation……in a large bull mkt.
and I agree that Silver will be swinging over 10 % on a daily basis soon, as we are already seeing 4/5 % moves here…..
Adobe, yep big backlash over privacy. Now trying to back track they just want limited access claiming to improve their services. Yeah sure. Have a nice weekend. Ive got a date for crab stuffed lobster dish I can’t turn down.
JUST IN: Adobe has locked clients out of photoshop and other software unless they agree to new terms of service which effectively is SPYWARE!
Adobe demands unlimited access to ALL your content and permission to monitor your files.
That’s because the technology bubble must be maintained at all costs.
The tell this morning was that bitcon was up.
All the trouble is isolated to the PMs in raids like this.
The tech bubble is just fine … no really.
Chuckle
China not showing their gold buying is like the phony jobs number … it’s (politically / economically) expedient … given the (geopo0litical) backdrop … think BRICS, Tiawan, etc. … they are not stupid enough to poke Western agents if they don’t have to while they are doing it.
Plus, they are still accumulating, which is better at lower prices.
If Chen Lin is right … the true silver demand is much higher than Western officials will admit.
$50 Silver Target, 500mn Ounce Deficit – Watch This Trend! | Chen Lin – YouTube
And this should become apparent as the year presses on … maybe by next month.
Have a good one.
Probably right.
But the good news is that the SM is coming back!
This has happened so many times over the last 20 years, I’ve sort of gotten numb to it.
I have no idea about a hot war starting, or whether the Fed will cut or raise. I just have pretty much resigned myself to the reality that pm’s will go nowhere really until either the Crimex goes bust or the country/world goes mad max, in a mad max situation most of us older folks are dead pretty quickly.
I spend most of my time working on what happens after I’m gone from this world.
You guys all have a great weekend.
… in the Gold / Silver Ratio should be completed soon …
GLD:SLV | SharpCharts | StockCharts.com
It does not need to correct anymore past today’s advance.
Of course it might … but the trend change is already established … where a weekly close below 75 should prove a game changer.
Cheers all
The jobs numbers are a bunch of BS as usual. Even the downward revisions that will surely come won’t recapture the degree of BS.
That said, they sure are getting desperate. Gotta keep that crappy silver below $30 at all costs.
Good sign for us.
With the war in Europe now transitioning from proxy to the real deal, they don’t want gold setting off any flares for a braindead public. (now you know why the chemtrails)
That said, it’s war … and the response from a growing opposition should be expected – maybe Sunday night.
Anything that can go down $60 can go up $100 – especially if that is the natural trend.
It’s a psyop that is really a buying opportunity – a buyop.
Cheers all
El Salvador’s Based President wins re-election with 86% of the vote.
May Payrolls Soar 272K, Above Highest Estimate, As Wages Come In Red Hot
https://www.zerohedge.com/markets/may-payrolls-soar-272k-above-highest-estimate-wages-come-red-hot
How Bob Iger, DEI, And Wokism Broke Disney’s Trust With America
https://www.zerohedge.com/political/how-bob-iger-dei-and-wokism-broke-disneys-trust-america
The knee jerk is to hit the sell button certainly in pm’s as they are getting crushed even worse. The dollar is soaring. So, they must have found a whole bunch of new jobs somewhere.
As usual, a sad commentary on our little pm market. They sucked players in yesterday and spit them out today. All gains in silver wiped out, more than just the gains wiped out in gold, and no doubt the shares will give it all up with the HUI blasting below the 50 day with gold.
It certainly will never end as long as the US has command over our market.
Our rulers are the bad guys.
China showed it’s Gold reserves Unch last month…this caused the sell off…..like China always tells the truth and if it wasn’t China buying..then who was it…not that we will ever be told.
Provident is selling 50 peso gold coins at spot. When I see this I think they know something. When things start to move sales go away.
Juggernaut Announces Closing Overof Flow-Through Financing for $3,800,000
https://ceo.ca/@thenewswire/juggernaut-announces-closing-overof-flow-through-financing
Falco Announces Brokered Private Placement for Gross Proceeds of Up to C$5.0 Million
https://ceo.ca/@globenewswire/falco-announces-brokered-private-placement-for-gross
Ophir Gold Corp. Announces Proposed Name Change to Ophir Metals Corp.
https://ceo.ca/@newsfile/ophir-gold-corp-announces-proposed-name-change-to
Barrick and Zijin Contribute $1 Million to Support Papua New Guinea Landslide Victims
https://ceo.ca/@globenewswire/barrick-and-zijin-contribute-1-million-to-support
Gowest Gold Enters into Toll Milling Agreement with Northern Sun
https://ceo.ca/@newsfile/gowest-gold-enters-into-toll-milling-agreement-with
PPX Mining Completes Debt Settlement Transaction
https://ceo.ca/@accesswire/ppx-mining-completes-debt-settlement-transaction-ec3ac
LUNDIN GOLD RELEASES 2023 SUSTAINABILITY REPORT
https://ceo.ca/@newswire/lundin-gold-releases-2023-sustainability-report
Angus Gold Announces $2.5 Million Brokered Private Placement
https://ceo.ca/@newsfile/angus-gold-announces-25-million-brokered-private
PANTHER MINERALS CLOSES SECOND AND FINAL TRANCHE OF $2 MILLION PRIVATE PLACEMENT
https://ceo.ca/@newswire/panther-minerals-closes-second-and-final-tranche-of
American Creek Announces Non-Binding Letter of Intent and Exclusivity with Cunningham Mining Regarding Proposed Plan of Arrangement
https://ceo.ca/@newsfile/american-creek-announces-non-binding-letter-of-intent
EuroPacific Announces Amendment to Partnership Agreement with BMP Holding and Indice Crucial Lda
https://ceo.ca/@accesswire/europacific-announces-amendment-to-partnership-agreement
Lode Gold Commissions Cutting Edge QMAG(T) Geophysical Survey on Its Golden Culvert and Win RIRGS And Orogenic Gold Projects, Yukon
https://ceo.ca/@newsfile/lode-gold-commissions-cutting-edge-qmagt-geophysical
DRILLING BEGINS ON THE LAPON CANYON PROJECT A NEVADA CANYON OWNED ROYALTY
https://ceo.ca/@globenewswire/drilling-begins-on-the-lapon-canyon-project-a-nevada
Equity Metals Announces Increase to Previously Announced Non-Brokered Private Placement; to Extend Closing
https://ceo.ca/@newsfile/equity-metals-announces-increase-to-previously-announced-bf912
Great Quest Provides Update on Belmont Exploration
https://ceo.ca/@globenewswire/great-quest-provides-update-on-belmont-exploration
Colibri Reports 3rd Batch of Drill Results from Ongoing Drill Program at the Pilar Gold and Silver Project in Sonora
https://ceo.ca/@newsfile/colibri-reports-3rd-batch-of-drill-results-from-ongoing
Golden Spike Announces an Oversubscribed Private Placement Financing with Lead Order from Eric Sprott
https://ceo.ca/@newsfile/golden-spike-announces-an-oversubscribed-private-placement
Is the homeless setting up their tents in the wealthy districts golf courses next. Places like Delaware, Maine, Connecticut, the park in NY city, maybe a few country clubs across the Midwest and Northern states where they just love the Demoncraps. Just wait till they start taking up house keeping in all those empty boats that are just sitting there.
I wouldn’t be surprised if the jobs numbers were bad with the nit wits who lost touch with reality on a drug fest of something permanently. They don’t even try to hide it anymore but what they do try to hide is the cesspools that used to be city’s that they caused. Even Beverly Hills shopping and restaurant district is closing or closed down and their woke kiddie porn garbage they tried to feed the public are losing money which hurts the cinemas if they keep putting out that crap no one’s gonna waist their time or money let alone bring their kids. Yes there’s always idiots but it won’t be enough to support the neutral cinemas. I guess the good directors have aged out and the idiot woke drive off the good writers so they can try to shove their garbage down peoples throat while their bad ideas just ruin another industry and more jobs. Better off rolling it up and adding it to what their already smoking.
I don’t think gold should go anywhere except in a sideways to up in the coming months but who knows what going on behind the curtain.
No surprise London is covering for Crimex.
I guess the jobs numbers are going to be really bad here in the states this am, so they need to get a jump on any potential rally? There’s nothing fundamental going on, no big move in the dollar or rates.
Once again though, the shares sort of told the tale. They should have been up much more yesterday.
If this holds up throughout the day, GLD will actually close below its 50 day. That would be crazy.
I’m also wondering if this might be the beginning of massive volatility like they had in the 79-80 period. Not sure a healthy market would have this type of swing, but I have no idea.
We almost never come back on days like this, would be quite something if we did.