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US Dollar Flash Crash Sparks Precious Metals Surge
After yesterday's slamming efforts, precious metals are well bid this morning following the USD flash crash this morning. Silver has regained yesterday's losses and gold is hitting one month highs...
Silver is testing its 50DMA - recovering from yesterday's dump...
And gold is testing 1-month highs...
It is worth noting that this is happening as The US Dollar is rallying...
Close up right as CPI hit...
And @NanexLLC provides a super detailed perspective
Charts: Bloomberg
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there is still resistance at 1130
Too soon. It's not september yet.
Spoke to an actual chinese person from china yesterday. Said chinese people like jade more than gold. Now I don't know what to believe. Yeah, go ahead and down-vote.
Downvoted and u need ur butt kicked too
"US Dollar Flash Crash Sparks Precious Metals Surge"
CORRECTION: US Dollar Flash BURN Sparks Precious Metals Surgefixed
US Dollar Flash BURNS and Gracie Allen.
Except that's what he said. But hey, what does a chinese person know about chinese people? Nothing, right? Also said that noone except old people are buying stocks.
lordylord2 wrote:
"Spoke to an actual chinese person from china yesterday. Said chinese people like jade more than gold. Now I don't know what to believe. Yeah, go ahead and down-vote."
Agreed! Gold is not something the common man purchases in China. The Aunties started buying it in 2013 as a gamble (hence the pictures of mobs in every gold shop in China), but they lost on that gamble big time...never to return. They have moved over to the stock markets lately!
Gold in China is only bought by corrupt politicians who are looking for a way to hide their indescretions. With the crackdown on corruption by the current administraton over there, look for the Chinese insatiable appetite for gold to start to wane.
Icarus
As opposed to a Chinese person from Japan. Obviously something was lost in translation. Yes, jade is revered in the orient because it is believed to bring good fortune. Gold is revered because it helps preserve that fortune. So saying they like one better than the other is meaningless without context. Try having a meaningful conversation with that person next time, instead of a 30 second 'sound bite'.
The paper markets are rigged. Get physical whipebits being manipulated down. Their game has to end and will likely end after/during the collapse.
One way to get started is candles with silver coin prizes: https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu
Half of every sale goes to support the Rand Paul moneybomb on September 7th. This is not ascam...I am losing money on this, but want to support the only candidate serious about ending the Fed.
then you are an idiot, ron paul screwed over his supporters last timin his last predential run DO YOU HAVE A MEMORY SPAN LIKE GOLDFISH
Ron did not screw us over. The GOP did in multiple states. Then the corruption and cheating was front in center at the RNC. Please do some research on what went down at the convention. It was pretty blatant. There is a reason they try to ignore the Paul's. They know the game is over when critical mass is reached and having a Paul getting media attention will certainly make that happen.
I'm trying to not let the media blackout the only voice of liberty in the race.
Whack-a-mole algos launched
There is no such thing as resistance uin a collapse son!
Paper games, nothing more. Only when the CONeX defaults and shuts down will the real fun start.
Only when the CONeX defaults and shuts down will the real fun start.
And you know how close that day is coming when John Kerry a.k.a. Mr. Ed is talking about how significant it is for the U.S. Congress to acknowledge the latest nuclear proliferation deal with Iran and then in a schizoid moment of panic blurts out that if Congress tries to scuttle that commitment the U.S. "World Reserve Currency" status will be threatened!....
THAT day? How many days? I am all ears, please, enlighten me!
THAT day? How many days? I am all ears, please, enlighten me!
Talk to the "talking horse" of course.. of course...
One of these days Alice, pow, bang, boom.
You wanna go to the moon....do you wanna go to the moon?
How convenient for the ( no manipulation going on here gang ) to knock off nearly .50 cents off silver yesterday only to have it rise back to where it opened. IE no actual gain but held in check. If a moron like me can see this the regulators must be fuck'en retarded not to see it.
“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” - Upton Sinclair
If the regulators aren't truly retarded, they certainly pretend well!
Not retarded, just well paid to see nothing.
It's crashing upwards, they probably hit the wrong button by incident
Gartman was right for once.
New lows in gold and silver are just one attack away when at 3 am on a Sunday night someone dumps 6 months worth of production in a nanosecond.
Gold and silver always fall an order of magnitude faster than they rise - must be the free and fair markets in the West
the laws, or for that matter logic, doesn't apply in the west. even buildings are known to sympathize with the markets by collapsing faster than free fall speed.
Probably why miners share price are going meh this morning. Silver Wheaton up a whole couple of cents, even though the metal is up 40 cents. Guess they know what's coming; middle of night bitch slap.
Seems legit.
It's tough waiting to buy and... I... can't... so...
I keep stacking.
Will we ever see $900/oz.? I keep buying when I have some/any bread because I fear supply running out and not being to stack anymore, no matter what the price may be.
Hmmm..did "someone" just unload a huge stack of fiat (and maybe bought real money)? Paging Bejing!
THAT FLASH CRASH IN THE USD IS A "SIGNAL" MOVE. THE ALOGOS WILL TAKE THE USD DOWN TO THE FLASH CRASH LEVEL.
That flash "crash" was like a 1/2 % move down.
Is that really a crash?
Sounds like flashcrash in USD might be just dry run for US FED to see if they could survive a real currency attack from China and big sale in middle of the night of US Treasuries. Hmmm...what goes around, comes around?
Worldwide panic has to be bullish for the dollar just because.
:)
American regulators are as corrupt or moreso then the US government...dont expect any fair market or even a market from Comex...Its manipulated corruption which is why pricing is being taken away......
just more fraud... crash the PM... buy... crash the fiat... profit..
Im using the manipulators tactics to build my own stack ..
www.teamramgold.com
What did you expect, yesterday 90% silver were all out of stock, right after the flash crash. And today they increased premiums from 30% to 40%.
i haven't seen this much silver stuff sold out on this site ever, along with the higher premiums. been following them a while
https://www.golddealer.com/product-category/products-2/bullion/silver-bu...
what's with the 10% off spot discount for 40% junk?
https://www.golddealer.com/product/40-silver-bag/
not sure...maybe too bulky and not moving?
Bitcons are 40% bullshit and 60% Bullshit
Really? Where?
http://www.apmex.com/category/25830/90-silver-rolls-bags-generic
No premium on Bitcon and it's 100%...........................................BULLSHIT
Last month, 100 oz. silver bars were being offered by APMEX with a premium of $0.79 per ounce. Today, the premium is now $1.09 per ounce -- that's a 38% increase. This isn't 90% "junk" silver coins either, it's 100 oz. bars!
spot + .80 cents here
https://www.golddealer.com/product/jm-100-oz-silver-bar/
Dollar just took another 60 point nose dive. This is getting interesting. Let's see if the magicians can levitate it back.