Anyone Know Why ?
At 3:30 AM (NA Eastern Time) Silver and Gold went Straight up on Large Volume ?
Nuclear War ?
Terrorists?
Manipulation ?
🙂
At 3:30 AM (NA Eastern Time) Silver and Gold went Straight up on Large Volume ?
Nuclear War ?
Terrorists?
Manipulation ?
🙂
First day of trading on the Shanghai gold exchange? Maybe the game had changed?
Nice article here on the background to China/ gold/ SGE:
“…the global consensus is that Chinese gold demand is approximately 1,000 tonnes a year though in reality it’s twice this volume”
“A rough estimate suggests the PBOC holds nearly 4,000 tonnes in gold reserves, more than twice the amount they officially disclose. In a quest for any clues we must visit the heart of the gold wholesale market. Data by the London Bullion Market Association points out there have been approximately 1,700 tonnes of monetary gold exported from London between 2011 and 2015. China’s central bank is the foremost suspect for these purchases, given its size and motives, and the tonnage exported from London is consistent with other sources that state the PBOC has bought roughly 500 tonnes a years since 2009. All clues together point to the PBOC holding roughly 4,000 tonnes currently. Although this remains speculation.”
http://www.zerohedge.com/news/2016-04-16/china-embraces-gold-advance-post-dollar-era
Bingo
Ha…looks like the Bugs were right on this one
Prepare for Vomitility
Will the Empire Strike back ?
Terrorists were planning mass manipulation of the precious metals complex through nefarious means when someone ordered them to “SIT!” or there would be nuclear war. Their sitting enabled the price of G & S to start their return to known values.
🙂
For silver, letting go of the neckline maybe 🙂
https://goldtadise.com/?p=366668
BULL MARKET. The weekly silver chart w/ 30 EMA & 3 yr old pos div was a no brainer. Clive & his 30K coffins. How about just one straight jacket?
http://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=3&mn=3&dy=0&id=p28111584756&a=453689647
All those people short prob not too happy. Radomski was 150% short. No, seriously.
‘Summing up, silver’s strong performance in the recent days is not a bullish sign”
http://www.321gold.com/editorials/radomski/radomski041816.html
He ran a sub special for $9 and has been short 150% thru the whole think. Another lunatic.
What happens now is anyones guess but they were sooooo wrong on silver. Jeez.
150% Short ?
Yikes…unbeleivable
No chit:
“Dear Gary,
Briefly: In our opinion, speculative short positions (150% of the full position) in gold, silver and mining stocks are justified from the risk/reward point of view.”
Ha. I posted a note about good old Clive last week, who was calling for “down” on gold. And come to think of it, I read that darn Radomski thingy as well. There was a raft of bearish calls last week…all of which served to boost my confidence. Hahahahaaaaa. Silver finally breaking out. Love it. Just love it.
When I took the $9 sub, Radomski sent me an email that stated he was opening a PM fund to manage other folks money – wanted to know if I was interested.
Uh, no. I’m perfectly capable of losing my own money, thank you very much.
OMG
The minimum investment is $200k.
And Its Gone
lol
https://www.youtube.com/watch?v=-DT7bX-B1Mg
Dont get me wrong I used Radomski last year along w/ Rambus to short the crap out of miners but the time to short has clearly long past for now.
SKI Gold and Rambus are the only 2 worth listening to in this game. Both had you on the right side of the trade.
Amen to that. But for $9 (and even $1 sometimes), there is something to be gleaned from those on the wrong side.