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 Replies: 13 / Views: 1,588 |
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Pillar of the Community
United States
586 Posts |
In the precious metal futures market, commercial traders' short/long ratio is inching close to 2.5:1, open interest starts to fade; these two factors combined usually signals interim top. I am afraid this uptrend is running out of steam.  |
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Pillar of the Community
United States
4212 Posts |
Good to hear! I'm hoping to add a couple more 1/4 eagles.
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Pillar of the Community
 United States
586 Posts |
Smackdown!
Gold lost $20/oz; Silver down 50c/oz.
More downside ahead.
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Pillar of the Community
United States
586 Posts |
When markets tanked, gold can't hit new high; this is a very BAD sign.
Imagine what will happen after markets rebound. $1250 will be on the way.
And one more hint: gold always peaked in the first half of year, for several years in a row already.
Deja Vu.
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Pillar of the Community
United States
586 Posts |
For the past few years, gold price got stuck approximately between 1100 and 1400; with 1250 about the center line.
Last December, 1250 was tested successfully; that's why it went up afterwards. However, if 1400 can't be taken out; it will retest center line again.
It is similar for any security; if one direction fails, it will go the other.
This is the very reason why I believe gold will retest 1250 sooner or later.
Edited by leon1998
02/06/2018 1:45 pm
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Pillar of the Community
Canada
3692 Posts |
Numerologists... Buy gold for what it is, not for its value in a manipulated currency.
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Pillar of the Community
United States
586 Posts |
Another RED alert indicator has shown up. APMEX is selling 90% junk silver at only 29c over spot! Whenever large bullion dealer offers such deep discount, price usually goes way down afterwards so that you will end up paying the regular premium. Since 90% junk usually commands about $1.99 over spot, Silver might crash to $15 again. |
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Pillar of the Community
United States
4333 Posts |
Provident selling junk 90% at spot. Free ship over $99.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
@fistfulladirt,
Very BAD sign for silver, indeed.
$15/oz is coming your way!
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Pillar of the Community
United States
4333 Posts |
@Leon -
Still dropping like a rock -
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
586 Posts |
Silver @16.26 now.
Target around $15.5
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Pillar of the Community
Canada
3692 Posts |
So... do Americans buy gold Only based on US dollars or do they perhaps look at gold based on foreign currencies and their commodity-driven markets? It seems like the US dollar is a bubble-world on its own and that other currencies are just PFFFT inferior somehow. Do Americans know a world beyond or are they too settled into their own to consider a real global market?
Seasonality? What chart are you smoking? Nothing is written in stone. If one pretends to know the market then one knows that nothing is predictable. Silver is what it is. Gold is what it is. US dollars are but tools compared to commodities, which are actually valuable and consumable.
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Pillar of the Community
United States
586 Posts |
More and more people realized that seasonality will end soon ... this can be seen in the gold futures weekly report, where both large/small investors were increasing short position to hedge their long. This is the root cause of the price surge (short squeeze) in the last few days, since Banksters are the ones who would like to take short position towards precious metal market.
Similar things had happened before, between Feb and March of past few years. Banksters moved the market to a head fake; forced people out of their short position, then rug pulled. That's why prices fell through July afterwards; almost every year since 2013.
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Pillar of the Community
United States
586 Posts |
@fistfulladirt,
This is great, Gainesvillecoins is selling sterling silver at 50c BELOW spot !
More and more bullion dealers are desperately trying to get rid of their inventory; what's going on?
A silver price collapse might be right ahead of us.
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Replies: 13 / Views: 1,588 |
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Posted 02/02/2018 10:25 am
