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Pillar of the Community
United States
1281 Posts |
Quote:Leaders? We ain't got no leaders. We don't need no leaders. I don't have to listen to any stinking leaders!  I was using the term loosely, very loosely  |
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Moderator
 United States
194164 Posts |
Indeed you were!  |
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Pillar of the Community
United States
1281 Posts |
Sigh.. Silver ended the RTH session back at the bottom sadly. My market Sell order didn't get filled because I refused to lower my Ask price any more.  So I'm holding 10 October 16, 2026 contracts until whenever. Whatever Silver does overnight I guess I'm just going along for the ride. YOLO!!   |
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Moderator
United States
194164 Posts |
The night crew might surprise you! |
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Pillar of the Community
United States
1281 Posts |
Quote:
"A hotter-than-expected 3.3% flash reading on Eurozone inflation added to the global tightening consensus with the European Central Bank now widely expected to follow." I just found this buried at the bottom of one of the financial articles coming over the wire around 12:30 this afternoon, about when the U S. markets started deteriorating. It was TLDR so I unfortunately missed it, now I wish I hadn't. But this explains the fear we saw today. There's a sense of foreboding as European inflation came in higher than expected, raising the possibility that they will need to raise interest rates. That's the very last thing the U.S. market wants to hear as we await the August inflation numbers. |
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Pillar of the Community
United States
1281 Posts |
The metals and the markets were attacked in a 3 pronged assault yesterday  Relentlessly rising Treasury yields Relentlessly rising Oil Bad news about European inflation Dare I say the worst is over?   I heard there might have been some news about the US/Canada fiasco and that might be what's helping to stopp the bleeding this morning. ADP employment numbers coming out today as well, maybe we'll see some recovery.  |
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Pillar of the Community
 United States
5970 Posts |
Quote:
Dare I say the worst is over? Well, silver has risen from the ~$63 zone to the ~$64 zone in pre-market trading this morning, so fingers crossed! |
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Pillar of the Community
United States
1281 Posts |
Quote:
"ADP's monthly measure of private payrolls showed a 38,000 increase in August, well below expectations" Bad News is Good News  |
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Moderator
United States
194164 Posts |
Quote:
I just found this buried at the bottom of one of the financial articles ... I unfortunately missed it, now I wish I hadn't.  Quote:
Dare I say the worst is over? It is a new day.  |
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Pillar of the Community
United States
5970 Posts |
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Moderator
United States
194164 Posts |
I see green on my charts. |
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Pillar of the Community
United States
1281 Posts |
Quote:
The night crew might surprise you! Yes they did I'm good now  |
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Moderator
United States
194164 Posts |
So say we all. |
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Pillar of the Community
United States
1281 Posts |
A bit better afternoon session today than yesterday eh? What I would like to see next is for the metal's to detach themselves from equities again, go their separate ways, stop following the stock market. Like what we saw a couple of weeks ago when stocks and the Dollar were selling off and while Gold and Silver were going higher. |
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Moderator
United States
194164 Posts |
Quote:
A bit better afternoon session today than yesterday eh?  Quote:
What I would like to see next is for the metal's to detach themselves from equities again, go their separate ways, stop following the stock market. Quote:
Like what we saw a couple of weeks ago when stocks and the Dollar were selling off and while Gold and Silver were going higher.  |
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Replies: 3,201 / Views: 106,496 |
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Posted 09/01/2026 4:29 pm
