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 Replies: 35 / Views: 6,528 |
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Pillar of the Community
 United States
586 Posts |
Alright, Silver can't hold $17 and got smacked down today;
Gold DOWN by $11, now $1324.
Technical charts showed that Gold has formed a near-perfect DOME top.
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New Member
Canada
3 Posts |
I personally believe silver will continue trending downwards for 2018
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Pillar of the Community
United States
586 Posts |
Price action for Silver has been super WEAK.
Since GSR (Gold-to-Silver-Ratio) started trending down, Gold is doomed too.
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Pillar of the Community
United States
586 Posts |
Both Gold and Silver are hammered today; with about 2% loss.
Banksters need to create some movement in futures market; since more and more speculators are leaving the rigged paper game. Last week alone, the open interest in gold futures market dropped almost by 4%. If the trend continues, there will be nobody playing with paper gold within six months.
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Pillar of the Community
United States
586 Posts |
Gold was knocked down below $1300; and consolidating around $1290. Gold-to-Silver-Ratio is still very high. After consolidation, there is a high probability that more downside ahead; target $1250/$1275.  |
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Valued Member
Canada
117 Posts |
Gold and silver prices are manipulated and suppressed by the bankers.
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Pillar of the Community
United States
586 Posts |
WARNING SIGN from weekly gold futures report released today.
Open interest kept dropping; and Banksters' NET position swung from long to short, over the past week.
Banksters reduced long by 15,926 contracts; increased short by 20,983 contracts, HUGE MOVE.
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Pillar of the Community
United States
586 Posts |
The physical sales of the past week must be very hot, since the commercial hedgers reduced their short position by 30,662 contracts. (dealers buy short position on futures market to hedge their physical inventory, so that they will lock in the premium regardless which way metal price moves)
Two-third of those short position is then taken over by Banksters (who increased short by 20,983 contracts).
Banksters are raising their bets rapidly, for a much lower gold price ahead.
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Pillar of the Community
United States
586 Posts |
Gold @$1271, Silver @16.28
wow
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Pillar of the Community
United States
586 Posts |
Well, that probably was it for the first half.
Gold $1256 and Silver $16.18
The bounce has begun.
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Pillar of the Community
United States
586 Posts |
Gold $1246, Silver $15.91
Looks like Banksters not ready yet.
But $1250/$16 are major support levels; a bounce is overdued.
Edited by leon1998
06/28/2018 7:05 pm
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Pillar of the Community
United States
586 Posts |
One month after first half of 2018, gold is $1206, silver $15.25
wow.
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Valued Member
Australia
491 Posts |
Gold & silver might be on the down side price wise in US$.
But in many other currencies it is not the case.
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Valued Member
United States
493 Posts |
If you have a link or story please share kg5, thanks. I don't see metals as being cheap at all. 17 years ago silver was $5, 10 years ago it was $10. 10 years ago gold was $800, have things gone up 1/3 in price since 10 years ago, ummm, yeah I would say some things have! But, we are also fooled by decrease in quality in many consumer items as price stays the same. China and Russia are in a bit of a gold race at the moment, you can see this in how they keep adding to their reserves, buying/opening new mines. China also knows it can just buy the mines and leave the gold in the ground for now, gold is gold. Central banks did not have such interest in gold prior to the last run up in price, now they do, and they are not doing anything with it, these central banks are just stacking it away in vaults, and the demand, it is not abating https://asia.nikkei.com/Business/Ch...ing-projects |
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Valued Member
Australia
491 Posts |
Quote:
If you have a link or story please share kg5, thanks. I don't see metals as being cheap at all. 17 years ago silver was $5, 10 years ago it was $10. Thank you for the question everything! In Australia each night at News hour they have the financial report and in this report they have how the AU$ is performing with other currencies always being the UK EURO Japanese NZ & US$. And you get a real feel for how these currencies are going as the update is daily.That is if you are interested.Plus other financial info is of interest as well. The US$ seems to be performing very well with their $ looking stronger against all other counties mentioned accept for the UK currency that is still weaker to the US$ but holding stronger compared to the rest of the currency examples offered. So take silver prices at US$15.50 per oz but the same in the AU$ is 33% more costly.Our living expenses are basically the same. Weather silver is cheap or expensive is only relevant to the eye of any given buyer at any given time. Can remember Gold in 1970 at AU$25 per oz. Am not into rocket science with PM's just observations as an item of interest to me each night. To me Gold & Silver are a waist of money. Have much greater fish to catch in the ocean I navigate than very sad looking PM's purchases v results for many years now. PM's are still looking very over priced but who am I to say. Just an area of interest to understand what I am doing with my funds v their returns v how much work is involved in the maturing process to the end result. |
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Posted 04/29/2018 4:24 pm
