silversky

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? 

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

That's because they've got the script now that they're part of the LMBA group.  That's where it'll end up after this evenings action....  rising again now, briefly touched 1880.....

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

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

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

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

That's because they've got the script now that they're part of the LMBA group.  That's where it'll end up after this evenings action....  rising again now, briefly touched 1880.....

That's because they've got the script now that they're part of the LMBA group.  That's where it'll end up after this evenings action....  rising again now, briefly touched 1880.....

Don't be a Roy...
HOLD!

Let's go with them for the weekend 

This is what we witnessed today as crime that will never be prosecuted!

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.

Airmailed to warn of a visit next year some time?

Just messing.  Could still be next week for all we know

The weekly chart isn't bearish at all.  And any sort of rise back to say 1920 or so would make the daily and hourly look terribly bullish again.  This is the long awaited spike and drop, we just have to see where it reverts before deciding whether it's a buy sell or neutral outlook..  As I said to Roy about 50 pages ago now (in reality just 16 hours ago ),  Wait.  See where the vibrations settle and then make a call.
The shorts got their bottoms spanked and washed out to sea.  That's always what happens in a crazy explosion like this.  Even the longs will have got all sorts of positions triggered in and out by mistake.  Gonna be a few days to settle and choose a direction, and the rest of the market is still sloshing around too.  I might sell a little this weekend and take some off the table.  Who knows.

I'm sure there was no market manipulation in play just as silver was about to hit $30... no never 

This was the kiss of death, my bad, apologies to all 🤷‍♂️