Free refill on Gov. kool-aid won’t stop
No surprises here, for few days or weeks the discussion about tapering the QE was going back and forth together with the data, if you follow this blog, I never believed that the FED officials would...
View ArticleMornings updates from the field… Is this April 2.0?
Is going to be a busy day today, we woke up with metals down to support level unseen since 2010. As a matter of fact read this email I just found this morning from Apmex: “Dear XXXXX, You are receiving...
View ArticleSo, who is selling us all the silver?
The answer is: almost nobody, in fact, beside selling paper phantom contracts, almost nobody is selling PM’s. Today, with metals down 60+$ in gold and over 1.50$ silver, at the very least 90% of the...
View ArticleSilver Update Monday 24th
At first opening, the metals were trying to touch 1300$ gold and 20$ silver, but both ended up sliding back with some more losses: -1% gold and -2% silver or so. However, some good demand was present...
View ArticleTo hedge or not to hedge…
…and how a group of banksters manipulators of future contracts and paper prices have changed the way to do business as coin dealers and bullion traders…. Basically in April a lot of coin dealers have...
View ArticleGold below 1270$?
Very Funny: this morning I saw a comment on my past blog “So, who is selling us all the silver?” of few days ago: “Customer Excuse me, what is your special today? Server The special today is silver for...
View ArticleModerate panic
Well, today they served us an appetizer of what the PANIC button pressed ON accidentally can do in the market of PM’s. I am not saying that investors are like a panicking crowd, but today was the first...
View ArticleMetals under more pressure, premiums, delays on the horizon again
Gold went under 1200$ and silver rebounded from the low 18$ level to ~18.50$. Volume in the physical was at full speed for us today. Probably one of the largest amount of AGE in and out within 4 hours,...
View ArticleGold and Silver: bottom or death cat bounce?
Today at mid morning we saw the wind starting to change direction, after the high volume and busy day that I mention yesterday, I was almost expecting few changes: gold to hold 1200$ silver to stay at...
View ArticleSilver bites , 7/1
Is Silver’s Rubicon line of defense at 20$? Probably yes, I think that is the level to watch. The metal need to be above that price, from long chart to psychological level, or price of mining, bare...
View ArticleThe dollar fog and the PM’s sunshine…
As today, Tuesday 2nd progresses, the metals are under more pressure, with gold down 12$ or ~1% and silver down 30 cents or ~ 2%. Translated, the Comex gold(paper/gold & silver ) are down. Some of...
View ArticleSilver bites 7/2
Thursday: Central banks meeting, ECB and BOE, that could be interesting. Friday: US job data report, that is the one to watch for meaningful moves, can’t wait to see what recipe they are...
View Article…And the numbers are served!
Well, from silver bites 7/2, the meaningful move on the plate, triggered by job data for Friday, was also delivered and served for us for breakfast at 8:30AM… Almost 200,000 jobs created and guess...
View ArticleStable market, some demand featured while we all wait for Ben once again
We will see some real action Wednesday for sure, but today we can be happy to close the day with a 1% gain~ in both gold & silver. Some of this is the result of short covering, some bargain hunting...
View ArticleIt takes two to tango, but ZERO to gold contango…
Yes, it takes two to tango, and we still need to see what will happen tomorrow with our friends at the FED, most likely nothing pretty, however, gold is approaching zero-contango AKA backwardation: the...
View ArticleSilver bites 7/9: updates pre-Bernanke
Overnight data from China inflation at 2.7% vs the predicted 2.1% ( OOOPS! some of those Trillion dollars are starting to get around the world faster ) together with Egypt unrest and oil at 103$+ per...
View ArticleWho is afraid of the Boogeyman Bernank and physical world of PM’s updates
Today not much has happened in PM’s. I had a couple of friends on zh asking me yesterday: “Silver, is true PM’s are going to collapse tomorrow?” Nope, I said, unless Ben would come out saying starting...
View ArticleSilver bites 7/10 : Top for the $ and bottom for Gold?
If the boogeyman cannot scare anybody anymore with his bearded : “BOOO! I’LL TAPER YOU! I’LL TAKE THE BUTTER DOLLARS AWAY FROM THE MARKETS!” then the dollar will be the first victim. After all, in the...
View ArticleSilver update Friday 7-12, a good week, maybe more…
Nice week for the metals, I must say, maybe even a confirmation of the bottom in place and a slow turnaround even in a slow season in general for PM’s. After 4 days straight positive it was normal for...
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