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Replies: 2,711 / Views: 87,022 |
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Pillar of the Community
United States
1104 Posts |
That was market wide, everything blinked, but Gold also dropped $50 to $4685 and then popped back up to $4739 in the span of 20 minutes and 2 back to back, cough, cough, press releases.. 
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Moderator
 United States
188938 Posts |
Yeah, the shenani once, then they shenani-again.  So silver made it into the upper $78 zone overnight, but settling down towards the $77 pocket this morning. 
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Pillar of the Community
United States
1104 Posts |
Silver hit a high of $83.24 on Friday and a low of $75.38 yesterday afternoon. The low yesterday should actually have only been $76.09 but there was some monkey business that occurred end of day, so $75.38 it is. There's a thing called mean reversion, so today I'll be watching to see if it reverts to mean that's around $78-$79 and chops sideways to up. Why? Because Silver still has not broken the uptrend from the $60's low, not yet, the chart is still bullish, for now, despite the setback. Not until it breaks below yesterday's low, so I'll be watching if it breaks below $75 today or in next few day's. That would be bearish. Also watch Gold. 
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Pillar of the Community
United States
1104 Posts |
Quote:Yeah, the shenani once, then they shenani-again.  Ahh yes reminds me of the famous and classic George dubya quote from the 90's "shenani me once shame on you, shenani me twice, and I, I won't get Shenani'd again" 
Edited by Harry213 04/22/2026 09:42 am
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Pillar of the Community
United States
1104 Posts |
Quote: There's a thing called mean reversion, so today I'll be watching to see if it reverts to mean that's around $78-$79 and chops sideways to up. Currently at $78.25 so right on course, hold her steady.. 
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Moderator
 United States
188938 Posts |
Quote: Ahh yes reminds me of the famous and classic George dubya quote from the 90's 
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Moderator
 United States
188938 Posts |
Riding in that $77 zone all today. Maybe it will be a steady night. 
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Pillar of the Community
United States
1104 Posts |
Something weird just happened again across all markets including gold and silver. At around 8pm EST Silver and Gold (and everything ese) took a hard plunge and then bounced even more dramatically past the starting point within 15 minutes...  Silver plunged from $77 down to $76 and back up to $78. Gold plunged from $4745 down to $4715 and back up to $4765 Very Similar to the monkey business that happened at 3:30 pm EST yesterday.. Witnessed with my own two eyes  So how come I don't know what triggered this today? Well, basically, there's a Global market "News Bot" that scours all of the interwebs for press releases and breaking headlines that would affect the financial markets, including the Metals. It also reports on every economic news release like changes in inflation, employment, manufacturing, credit, consumer sentiment, just everything, and it does it for all markets globally. Large Institutional trading computers are programmed to read and react (buy/Sell) on key words, and believe me when I say the markets react immediately to this stuff. So it's a good way to move the markets in your favor if you have the ability to 'create" headlines. Lately it's even been reacting to Social posts, very unusual, not normal  But anyway it's also a good way for small traders and investors like me to stay up to date on what is moving the markets and decide how to position ourselves... Oddly enough that Newswire stopped working this morning.  That source of information has been down for us, on the Schwab platform at least, since 11 am  Never seen that before, but then again None of What we're seeing has ever been seen before neither so... 
Edited by Harry213 04/22/2026 9:15 pm
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Bedrock of the Community
 United States
10566 Posts |
Quote: Silver plunged from $77 down to $76 Plunged? 
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Pillar of the Community
United States
1104 Posts |
Quote:Plunged?  plunged "Plunged" refers to falling, diving, or pushing something downward or forward with great speed, force, or intensity. pretty simple 
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Pillar of the Community
United States
1104 Posts |
plunge Other forms: plunged; plunging; plunges Plunge is a noun and a verb related to diving, falling, and sinking. A "polar bear plunge" is when people plunge into freezing cold water for charity or, inexplicably, for fun. Synonyms; descend · dip · dive · drop · fall · plummet · sink · tumble. verb- immerse briefly into a liquid so as to wet, coat, or saturate synonyms: dip, douse, dunk, souse Top synonyms for plunged include plummeted, dived, dropped, submerged, and tumbled. STRONGEST ,descent, dive, fall STRONG duck, dunk immersion, submergence, submersion, swoop WEAK, belly flop, high dive, nosedive  Just went down a Google rabbit hole, thanks for the laugh.
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Bedrock of the Community
 United States
10566 Posts |
Just couldn't let it go could you Harry, it was eating at you so bad you had to come back and reply again - you are so predictable!
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Pillar of the Community
United States
1104 Posts |
Quote: Just couldn't let it go could you Harry, it was eating at you so bad you had to come back and reply again - you are so predictable! Same...  Yeah, sorry, couldn't help myself...  Microsoft Copilot AI said there were 327 words in that comment, not including emojis. you picked out ONE word to Respond to: Plunged?   a 327 word statement...  I can't help but to laugh so Sorry if you can't see the humor in that. 
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Pillar of the Community
United States
1104 Posts |
Hey Marv I'll do you one better. Here's a more polished and professional response, and one without all the silly laughing emojis. Because of how people choose to interpret the things I write on here. Whether it's the ones that come back with one sentence that they took literally instead of figuratively. Or whether it's playing semantics. Like when I say that COMEX sets the price on metals and they twist themselves into pretzels trying to disprove that. Only to come back with a different version of the same thing I said.  Either way I see it for what it is and will respond accordingly. And don't get me started on the whole "people that use graphs" thing. Formal Statement Addressing Selective InterpretationIt appears that your response is focused on a single word rather than the full context of what I expressed. My original statement was meant to be understood as a complete thought, and isolating one term removes the meaning, intent, and nuance behind it. When only one word is taken from an entire message, the interpretation becomes shaped more by the reader's assumptions than by what was actually communicated. This creates a version of my statement that does not reflect what I said or intended. I want to be clear that my point was made in the broader context of the full message, not in the isolated way it has been reframed. For the sake of clarity and productive communication, I ask that my words be considered in their entirety rather than reduced to a single fragment. Responding to the whole message — not just one selected term — ensures that the discussion reflects what was actually said, not a narrative built around one isolated piece of it.  Have a Good Night
Edited by Harry213 04/22/2026 11:54 pm
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Pillar of the Community
United States
1104 Posts |
Uh oh, looks like Silver plunged again from $78 to $75 between 9pm and midnight  Wonder if it's related to the jerky move across markets that I posted about earlier.  Let's see what the "early morning" crew brings.. 
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Replies: 2,711 / Views: 87,022 |