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Gold & Silver Pumping, Crude & Copper Dumping
It appears a combination of "there's not enough growth" and "well maybe they'll ease" has driven growthy commodities down hard post-Yellen and sent investors reaching for the safety of bullion...
Silver is up over 5% this week (biggest week in 4 months) now and Gold back at 3 week highs...
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Monetary metals are diverging from other commodities. What could be coming our way?
Price discovery...
in what market? and in what currency?
Tyler can we get an update on the Comex reserves. Nows not a time to be lazy. I need you to work better for me you indentured servant
I only know of one person that actually got gold off the Comex....and that was 15 years ago.
I remember they had to move hell and earth to to it....and some pretty big names were involved. No word if they've ever tried it since.
It was one bar......you heard me right......1.
How anyone can say that the correct allocation to precious metals is zero is beyond me, and there are plenty of them. Its nice to see them diverging from stocks and commodities.
@vinceFostersGhost
I thought Kyle Bass recently took delievery of some physical.
Yeah. I keep looking on the web for that photo of him with a bar on his desk. It seems to have disappeared.
I stole it. Todays lesson: Don't have your picture taken with your stash.
https://www.youtube.com/watch?v=lgNVNTvlpFY
This is exactly the conversation I was thinking of when I read this comment. Great post.
http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WARE...
http://www.24hgold.com/english/interactive_chart.aspx?title=COMEX%20WARE...
gold, and silver haven't moved much in CAD terms
By the pricking of my thumbs,
Something wicked this way comes...
This happens....over and over as it has for the past 8 years I have been glued to it. As you all know...you get excited...is this it? Is this It? Are we all finally going to be redeemed for dumping all of that fiat into metals and getting crushed? This will play out over and over and over until it doesn't. It is like the governments take on terrorism. "They only have to get it right once" That is the way it is with metal stackers..."You only have to be right...ONE TIME". And that time is coming. Is this it? I would say no. Can you imagine selling your metals now...and being done with it? Not me. I will go to my grave not selling at these prices. When will the "One Time" happen...I think we are close. THe entire financial markets are a complete joke. Stack away. These price moves are NOTHING. Up or down...who cares. When Gold goes over $3K or $4K that is when I start trading a few morsels for property...you don't go back into cash.
War
per my education(while reading ZH),This was the next step/progress in the coming collapse.
...but but but but ancient relic pet rock
You forgot "barbarous"
The greatest pleasure is to vanquish your enemies and chase them before you, to rob them of their pet rocks.
fyi
http://news.goldseek.com/GoldSeek/1442494483.php
You ain't seen nothing yet!
Silver is at or just breaking out of a multiyear descending triangle. If it confrims it could be explosive. It will likely take a rest somewhere above $20 to consolidate. $22-23 looks about right. While it consolidates put your finger in the air to check the weather conditions then to see if you want to bet on more rise.
Yes, but what will premiums be when things go full retard?
The trade de jour is a strangle on SLV. Options are (at least were yesterday) very cheap for a significant rise. Be sure to put on that downside component in case this sketchy ETF goes belly up. By using options your counter-party is some random bank, not a fund that could go insolvent at any moment. Not that a bank is in great shape but if you read its prospectus at least it doesn't translate to "No guarantees".
Another smackdown?
*flinch
So would this by chance be true price discovery on the LBMA and COMEX? You will know that PMs are properly priced when they close these exchanges.
gold at 1000€... is there a floor by someone, somewhere ?
http://finviz.com/futures_charts.ashx?t=DX&p=d1
if us$ index breaks down below 93.0, what will happen to pog? your guess.
Are we close to experiencing what is referred to as going off the rails
Nice!
https://m.youtube.com/?gl=DE&hl=de#/watch?v=zYt0WbDjJ4E
The rally in silver/gold will correct today. Future contracts will be dumped en masse into a period of low liquidity to keep the price surpressed. The game will continue through to thanksgiving/christmas and then there will better than expected economic news;consumer sentiment indexes better, same store sales yoy increased, less unemployment due to strong retail sales - whatever since none of it is true. There will be rumours of increased inflation which will be used to justify a tiny rate hike and the metals will get pounded down again december/january. The rich are going to transfer as much wealth as possible out of dollars into PM. Then when the game cannot be played anymore the prices will go parabolic. Who knows what the final catalyst will be?
Still stackin'
hairball :)
Gold and silver reasserting their role as monetary metals?
trying to be optimistic guys...
Having a good day?
When is opex for silver?
eagles have broken the $20 barrier...
I'm sitting on ~1% of our net in phys ag right now but w/nirp being acknowledged may have to up that. in any event I know I'm a broken record & say this on almost every ag thread but ag isn't an "investment", it's bail-in insurance...
It's financial firewood for when the gas is shut off
The chart is obviously wrong. Silver is just an industrial commodity. Silly market.
Only 55% of silver is used industrially. The rest is used for jewelry, coins and bullion.
Think of it this way.
If gold can gain $40 in a couple days, simply on the word of NO CHANGE, whats going to happen to the price when there's a REAL and substantial increase in the bank rate?
I won't buy gold or silver until there's a 3% bank rate. I expect you will see under $800 gold and $10 silver.