Gold and Silver : coming out with the Ride of the Valkyries….
Background: The Ride of the Valkyries, by R. Wagner What a day for the metals, against initial jobless adverse data, despite falling down at opening, a complete turnaround and close at new recent highs...
View ArticleThe week that we were waiting for…
This exciting week could’t finish better, with gold and silver finishing in green after great gains. The minor rest or profit taking that I was almost expecting after a great Thursday did not stop the...
View ArticleSilver bites 8/20: Ben on the radar again this Wednesday
The Fed minute and the taper tragic-comic talk is on our radar again as possible , major, market mover for Pm’s. After some negative data and the 10 yrs Treasury bonds getting out of control, I doubt...
View ArticleSilver minutes: FED still running low in minerals…
And therefore, still unclear statements coming out of Benny, basically a copy(+/-) of last month’s statement. Pm’s first corrected, then rallied and finally went down moderately afterwards. No major...
View ArticleSilver Bites 8/27 – metals on the move…
Well, this is what a bull market rally reverse should look like… Yes, a lot is triggered by short covering, Syria and oil all contributing to this new leg up, but today I had a very positive...
View ArticleSilver update 8/29
Metals are a bit under pressure since yesterday PM after silver overnight tried to hit the 25$ mark, actually briefly trading at ~ 25 and 1/4 and gold 1425$ . Morning was pretty busy in the physical...
View ArticleSilver Bites :GSR keeps going down
The SGR went down again to about 56-57:1 from the mid-high 60′s as we discussed the past few weeks. Silver tend to outperform gold in both directions, and this should be no surprise as prices are...
View ArticleMetals slowing down on a “holiday week”
Most dealers are in vacation or pre-vacation mode this week, therefore today was very slow as well. Metals are under some pressure together with oil, even if we are possibly days away from another...
View ArticleSilver update after US data Friday 9/6
The move after Friday data arrived punctual: Silver up from 23 to almost 24$, stable gains during the entire trading, same gold, up all day about 20$ or so. The PM’s seemed to be the only market that...
View ArticlePm’s in stand-by
Metals are still in stand-by, but this month we are going to have another busy month. Some gold and silver buying was featured today in the physical market. Also, the next week or two the move up or...
View ArticleAnd also WAR on Syria on stand-by…
Thank God the diplomacy( aka Russia won another game of chess against the US..) has left war on stand-by for a while…but make no mistake, this is not the last time you will ear talking about bombing...
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After buying the other day very little at 23$, I was almost tempted to buy more this morning after the night flash-correction and job data awaited this morning, but then buying at 22.50 or so it is not...
View ArticleSilver Veritas: Prices of bullion for sale
For the first time since the beginning of this blog in may, I decided to make available also for the public the pricing list of many bullion items for sale directly from the wholesale...
View ArticleFED’s eve one more time…
Since our dysfunctional markets are depending on the words and decisions of a small private club of elite bankers with hundreds of years of experience in the Fine Art of Usury, every month or so we...
View ArticleClose to support levels : let’s get some more silver!
I am looking at 21.25$ for silver and that was inviting enough to see if this is the daily bottom? 2 pm is close now… stay tuned
View ArticleSilver up almost 7% , gold 4%…
Glad I wrote last night after a few days of quiet blogging due to a busy schedule also affecting a bit the past week or two. Market was also very calm the past few days , as the entire market was sold...
View ArticleGood busy day following the PM’s jump and the post fanta-taper day
I could not be happier about this move: the infamous Wednesday of the FOMC (and if you read this blog or scroll down past blogs, you know that I never bought into tapering, QE off, and all the P.R...
View ArticleAnd 5 days after…Metals down
What a prophetic luck I had on 9/24 writing about a possible leg down in ” 5 to 7 trading days”. Today, or fifth day of markets open since then, both silver & gold are down big. Premiums are also...
View ArticleSilver update, first day of the month…
October did not start well for Pm’s for many reasons, start with Gov’s shutdown, sell stops triggered for gold at 1300$, China been in golden holiday week, oil down as well, all the speculations of...
View ArticleSilver bites: a better week ahead…
As I was writing last week, Pm’s correction was very short lived, even if we are not out of the woods yet, we witnessed a technical bounce, with some bargain hunting also triggered by less than...
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