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Gold & Silver Jump, Rebound From Overnight Asian Dump

Submitted by Tyler Durden on 10/13/2015 08:33 -0400

As Asia opened last night, gold and silver came under pressure (ahead of China's biggest Yuan strengthening since November 2014). As US re-awakens from Columbus Day vacation, it appears demand is back (and in heavy volume) for precious metals...

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Tue, 10/13/2015 - 08:34 | 6662199 Maplehood

Silver Bullion Coins on Allocation at Major National Mints

https://www.silverinstitute.org/site/2015/10/12/silver-bullion-coins-on-...

Tue, 10/13/2015 - 10:08 | 6662546 LowerSlowerDela...

Not to worry: The monkey hammer will be out of the shop this evening, ready to go to work bright and early tomorrow morning. <sigh...>

Tue, 10/13/2015 - 08:56 | 6662278 _RRR_

i wonder what amount of gold & silver is running through the shanghai corporation. if I was chinese I'd be collecting some coins

Tue, 10/13/2015 - 09:01 | 6662297 Mr. Recalcitran...

It would appear that the btc futures price followed the same movement as that chart above

Tue, 10/13/2015 - 13:23 | 6663352 herkomilchen

Interesting. That would support the notion this uptick is a flight to sound money. I suspected as much. Hope it remains small, contained, and brief so gold can be forced down again to give us all one last amazing buying opportunity.

Tue, 10/13/2015 - 09:05 | 6662309 Seasmoke

Don't know what's worse for the price of Gold. The $1160 price ceiling or Tyler posting a Gold take off article on ZeroHedge.

Tue, 10/13/2015 - 09:54 | 6662482 FrankDieter

Fucking chinx

Tue, 10/13/2015 - 10:12 | 6662568 vq1

hope it keeps up.

Tue, 10/13/2015 - 10:17 | 6662598 FlacoGee

SELL ALL RALLIES

Tue, 10/13/2015 - 10:30 | 6662634 Dr_Snooz

Oh yes, buy these technicals! Slop and chop is always a good time to buy. And gold will surely do well in a global, deflationary crash.

Tue, 10/13/2015 - 10:41 | 6662667 Conax

Still under tight control, range bound.

I hope I'm alive if it ever gets off the chain. I wanna see the diving bankers and hold up scorecards for them. Nobody will score more than an 8, 9 is almost perfection and those pukes don't have it in them.

For a 9, you must yell 'Geronimo' all the way down.

Tue, 10/13/2015 - 10:54 | 6662724 greatbeard

The bankers will know the score and make just as much on the way up, if it ever happens. It's a big club and you (and me) ain't in it.

Tue, 10/13/2015 - 18:24 | 6664488 FrankDieter

Gold down slightly (50 cents) in the after-hours session after $5 up move from that minus $10 move last night.

This is fucking pathetic if you ask me. Fucking chinx ruining my life.

Tue, 10/13/2015 - 18:26 | 6664491 FrankDieter

Let it go you squinty eyed motherfuckers !

Gold & Silver Jump, Rebound From Overnight Asian Dump

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