The coming week for PM’s 7/14
This week is price-wise very important: we are awaiting confirmation of the new trend in PM’s “after bottom” or if this was just a death cat bounce, as many anti-metals folks are saying… If gold holds...
View ArticleMonday slow Monday
Very calm market today, metals are barely moving. The most changes are in the numismatic $20 gold recovering another 25-30$ also in lower grades like MS62 and 63, Liberty Head in the first place....
View ArticleAnother pre-Ben day with metals holding ground
Another day with metals holding the ground: Gold closing at 1290$ and silver just at 20$ mark. With an US$ index lower and oil slightly positive, the metals did not move much but ended positive again....
View ArticleBen did it again, but metals did not took off…
As I said yesterday, look for the reversal, look for more Ben P.R action and changing cards and words on the table from Ben… and we got it all! No preset mode, status quo is what matter, if the economy...
View ArticleSilver Veritas down for almost 24H
I apologize for the technical problem, my web master resolved this issue after SV was down for almost 24 h…. Gold and silver updates coming later this evening, thanks@!
View ArticleSilver bites 7/18
Silver and gold pretty much unchanged today, active day for physical volume between dealers, we got orders for few thousand ASE and actually got down to couple of monsterboxes already sold, awaiting...
View ArticleThe past week was promising but at the end not cigar…
Quick update after a week that was very promising, got me very enthusiastic, but failed to propel the metals over 1,300$, 21$ and 750$ for gold, silver, palladium… Maybe Detroit bankrupcy , once...
View ArticleHabemus bottom
If there was any doubt coming from chartist-technical analyst folks in the past few days arguing for another leg down to complete the correction for a more orthodox and traditional A-B-C-D-E...
View ArticleSilver bites 7/24
Today market forces in bad posture and technical profit on the chart, plus the dollar getting a little push from new homes sales, are all together taking down a bit the rally in PM’s after good gains...
View ArticleUpdates 7/30: all in stand-by
All seem to be in stand-by in Pm’s, and despite the fact that I was gone for few days to a conference, when I came back I checked the charts and basically nothing has changed. Yes, silver has given up...
View ArticleSilver bites 7/31: moderate nonsense and physical updates
Fed official are on the spotlight again after a revised cooked number of GDP that made us 300B+ richer just minutes after 8:30 A.M than we were before (maybe nobody really felt it anyway) but Ben on...
View ArticleLet’s thank weak job data, U.S dollar, and metals are still out of the woods...
Overnight selling triggered by stronger US economy left gold below the 1300$ line in the sand for few hours. Then, after our usual coffee rendez-vous with the 8;30 A.M data, we had a reversal that is...
View ArticleSilver Bites August 3-8
I read recently that so far this year sales of PM’s are up 22% in China and ~50% in India. Metals are moving east I said a couple pf times, and somewhat this manipulation (among other natural market...
View Articleweakness
As mentioned lately, PM’s are running out of gas and failing to pass resistance key point. Technical pressure is also responsible for gold under 1300$ and silver in the mid 19$ without the necessary...
View ArticleSilver bites 8/7
We have a downtrend just resuming after a pause where we wanted to see the PM’s world react positively to recent FED comments and instead failed to go over resistance points of 1350$ and 21$. After...
View ArticleThursday rebound confirmed also on Friday quieter trading
After the great move back above 1300$ and 20$ , our present Rubicon line in Pm’s so to speak, the metals are still delivering a nice resilient performance today, especially silver which is aiming at...
View ArticleNice move for PM’s even with US$ index up
We have a very nice surprise at yesterday opening of Asian markets, with Pm’s solidly higher. First trigger was the economic data out of Japan missing the forecast for a full 1%. China is also posed to...
View ArticleSilver bites : today is a good day to buy some PM’s
I think we had a meaningful move yesterday, and, with the help of a stronger US$ index, prices are showing a consolidation which could very well be a good entry point in this rally… don’t say you...
View ArticleHope you did buy some PM’s yesterday…
…cause today we are resuming a little move up, not so little for silver, which is actually acting better than gold in percentage. Gold is encountering more problems to get the resistance level of...
View ArticleI love the black smoke & the fragrance of napalm…
…coming out of the COMEX and JPM vaults in the morning! Now, according to...
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