silversky

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

If we look at the underlying USD chart, the candle produced is not too dissimilar to the one in December when the massive spike and dump occurred during illiquid Sunday night trading.
That December spike occurred at the end of an 8 week move upwards, and it heralded a little fall before range trading sideways for three months.  It then broke out from the inverse dollar relationship 6 weeks ago, rising relentlessly before making this big spike in the last 24 hrs.  The question is whether this is it? Or whether it will drop back towards 2300 area and enter another range trade type of pattern?  Is there any likelihood of further strong declines in precious metals? Or is the downside reasonably protected by past inflation?  I can't see it but I didn't see this spike either, or is there is any fuel left from whoever the secret source is that's bidding up gold like this?  This isn't Central Bank buying, unless one has declared war on the others or something outlandish....
There is talk of big hidden OTC trades exceeding the size of China's Central Bank, but that all sounds a little bit crazy to me.  Then again what else explains the rise when actual sales aren't enormous?  It's not exactly transparent.  I suspect a period of reflection a bit like after December is what's coming for a bit.

Hard to see it, but it has exceeded the highs of 2020

Can’t have all the worldwide electronics costing a lot more to make.

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

And where would gold be with that? 

He's on at ten. Live link below free on YouTube. 
 
I hope he talks about Tommy Johns undies. 

link?

link?

That should help it go down a bit more 

Have to wait and see what the commitment of traders report is for this week.  Must have been some big changes as this reversed, did the new shorts get out in the last hour or so with a nice big profit?  I wonder what the open interest is and who's hands all the paper contracts are in.

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

Appears there was a general blood bath in the US markets today!

Just to rub a bit of silver into the wound, Gold up 2.1% on the week, Silver up 3.35%

Exactly.  The majority were of the belief that it would remain in the trading range between 1830-1872 which up until the last 24 hours was not ungenerous in size.  Breaking above that really wasn't expected, so even though its been a huge rollercoaster its still up by any standard measure.

Yes HMGS....  I've not forgotten the poll....  And I'm sure James hasn't either...  Paul and I still have it in the winners camp, sharing half an ounce each which was very kindly donated by James.  Just have to hold it above 1872.00 and out of the previous trading range which is all that matters.  And if chards' new inside track is anything to go by, we'll be back to 1900 by the close.. Phew  

Yes HMGS....  I've not forgotten the poll....  And I'm sure James hasn't either...  Paul and I still have it in the winners camp, sharing half an ounce each which was very kindly donated by James.  Just have to hold it above 1872.00 and out of the previous trading range which is all that matters.  And if chards' new inside track is anything to go by, we'll be back to 1900 by the close.. Phew  

Quiet in here.... Everyone gone to weatherspoons for a cheap pint?  I guess the party girls and superyachts all got cancelled? 

Exactly.  The majority were of the belief that it would remain in the trading range between 1830-1872 which up until the last 24 hours was not ungenerous in size.  Breaking above that really wasn't expected, so even though its been a huge rollercoaster its still up by any standard measure.

Am I in the will?

I'm letting my forum reactions renew themselves 
Another day ran out

Quiet in here.... Everyone gone to weatherspoons for a cheap pint?  I guess the party girls and superyachts all got cancelled?