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 Replies: 35 / Views: 6,526 |
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Pillar of the Community
 United States
586 Posts |
Oh my god; Gainesvillecoins is selling American Silver Eagle for only 99c over spot!
As Silver Eagle usually demands a premium of at least $2.50, does that mean silver spot price will drop $1.51 in the near future?
Isn't that $15/oz then?
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Pillar of the Community
United States
586 Posts |
Several observations:
1. Seasonality becomes bearish now; we're entering the hotter months of the year. And price usually goes down in the summer.
2. Historical high Gold-to-Silver-Ratio of 81:1, this is bearish for gold.
3. Bullion dealers are desperately trying to sell: gold eagle +15 over spot, gold maple +12 over spot; those promotions are many and everywhere, which had NOT been seen in past 6 years.
You can't blame dealers; who wouldn't at this price level?
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Valued Member
United States
493 Posts |
Trend has been down for silver, we have great support at 16.50, but I would like to see gold closer to 1200 at some point. Maybe higher interest rates will assist.
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Pillar of the Community
United States
586 Posts |
Another round of short-squeeze just ended with a dump.
You can't teach old Banksters new tricks.
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Pillar of the Community
United States
586 Posts |
Another warning sign showed up today: Silver is challenging previous high now.
Since Silver has been a lagging indicator, the uptrend for Gold usually ends when Silver finally catches up. And Gold price has been stalled around $1350 level for days, unable to break out above.
Gold-to-Silver-Ratio is also dropping . . . nothing bodes well for Gold price in the midterm.
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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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Replies: 35 / Views: 6,526 |
First Page
Posted 03/29/2018 08:04 am
