the market is trying to force the Fed’s hand?????
Buygold 11:14
As far as I know right now there is a battle going on. One isn’t exactly in battle buying fear and the other side is selling it.
Buygold @ 11:14
Very wise words:
“It seems that more and more the metals, but especially gold, are tracking the dollar as they should. This stuff with the shares following the SM won’t last too much longer, it can’t. Our problem is that silver continues to be treated as an industrial metal and that seems to make it easier for the criminals to manipulate it. Ultimately, we know it will act as a monetary metal.”
That is exactly what is going to happen … and silver will be reset (revalued) higher.
And when the States start to exercise their independence next year (possibly), you could witness quite a shift back to constitutional money in the ones now making preparations (tax wise, etc.) to allow such a change.
And when people see how well these states are doing with a stable money system … change will sweep the landscape … from sea to sea … around the world.
And the money changers will be vanquished.
Well done.
Captain Hook @ 9:41
I’ve always thought that the riggers were stupid for not allowing the silver miners to produce at a decent profit so that more silver resources would be developed. Now it appears that eventual shortages are going to bite them on the ass.
I think it’s a great idea for the silver miners to hold back supply!
Cheers
Captain, maddog, deer79
It looks like they’ve lost the SM and they are losing the dollar. I’m not sure what happened with the dollar this am, it was down, came racing back to positive, and now tanking.
It seems that more and more the metals, but especially gold, are tracking the dollar as they should. This stuff with the shares following the SM won’t last too much longer, it can’t. Our problem is that silver continues to be treated as an industrial metal and that seems to make it easier for the criminals to manipulate it. Ultimately, we know it will act as a monetary metal.
As I’ve written this the dollar has already swung positive. I’ve never seen it this volatile in a single session – ever. Maybe there’s some intervention going on with the Yen?
Rates are sliding, the dollar should not be positive now. These swings today are not normal, makes me think something is breaking.
Whatever, we will be on the right side of things when it’s all said and done. Bitcoin will not – down 3%.
Dollar reversing back down again. WTF???
Maddog
Good thing about the Fed meeting coming up is the PMs were heading to over bought areas. I saw yesterday on Bloomberg one mining stock saying that energy bills were cutting into profits. Hope they can handle that because this time nothing’s holding them back although I’d watch out for the yield curve to move up out of inverse. Last couple of times 08 and 20 the market tanked.
I decided to buy and hold some Bitcoin miners and you know their and tech computer related shorts do better to hedge then the PM shorts. The Bitcoin miners I hold down 34 percent so far but the hedges are up 40 percent.
Totally agree Captain
These corrupt manipulators will do and say anything so that the “game” continues…
Wooooahaaahh….look at Gold come back…..maybe the seller was just asked for an EFP quote …to swap it all to Phys….
and the SM falling apart……PM shares have to notice …..
Captain Hook
Desperate people will do desperate things…… Some are fighting for their freedom…others even for their lives…they will stop at nothing.
ipso facto @ 9:16
Thing is – what are their all in costs?
The head honcho over at Silvercrest was out this week saying his costs are above $25.
And they are one of the lowest cost producers.
The bankers are attempting to keep silver just enough above costs so they can keep paying interest to them – no mas.
It’s going to get away from them going into year end with Silvercrest, First Majestic, and Fortuna, all larger primary miners, banking silver now – along with all the new demand sources coming on line.
Like I said a long time ago – They’re nuts and on a suicide mission.
Now it’s becoming painfully evident (to both us and themselves).
But they are too stubborn and stupid to stop.
They need cheap silver to keep killing people so we will listen.
Unreal
Buygold @ 9:00
Exactly – they want it all.
They are a bunch of idiots. Greedy stupid idiots.
And now, we have open interest in Comex silver back below 130K contracts again.
Metals Daily Exchange Volume & Open Interest – CME Group
So good luck with that a**holes.
Cheers all
I’m not normally this grumpy first thing in the morning – really.
Chuckle
They finally got us
brought the dollar all the way back to flat.
I’m not sure they’ll be able to hold us though.
If not today, then next week. Our time is surely coming
First Majestic just paid $10 an oz for Gatos
Silver is trading around $30 per ounce
However, ounces in the ground (junior miners) are valued at only 1% of spot prices, around 30 cents per ounce
‘Normal’ valuation is at least 5%
Shows the remarkable upside …
Numbers missed
From what I can see they were 142K vs. estimates of 160K
Dollar was hit hard initially, pm’s jumped. Now things are calming down a bit in pm’s, no doubt the scum is at work, especially on silver. They seem to need silver below $29 on the week, so we have some back and forth as the dollar starts to come back. Rates plunged, but now back to down 2 bips. Bitcoin up 1%
I’m not sure what’s more important to the scum, keeping pm’s contained or bringing the SM back. Looks like they’re trying to do both at the moment. Thing is, pm’s don’t seem to mind if the SM goes up or down now and are doing better as the SM futures recover.
Scum very active and dollar recovering.
Gotta think that at some point the dam is going to break in these pm’s though.
You guys please do me a favor
Next time one of my juniors decides to build a mine remind me that I should be running away until my feet catch fire!
TY
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Morning maddog -strange isn’t it
SM futures taking a hit and pm’s, but even pm shares are stable or up a little right now. Go figure.
We’ll see what happens after the most important jobs numbers ever. 🙂
Everything is pretty tame, dollar flat, rates down a couple bips, Bitcoin down 1/2%, Oil up a little.
We’ll see what the numbers do to things.
Crap!
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SM’s not looking clever anywhere….India buckled today
Warren looking smarter by the day.