Goldtent TA Paradise

Silver Ain’t No Safehaven

1. Alex33 says:

   February 25, 2020 - 4:11 pm at 4:11 pm

   Only cash is safe, even physical gold down today!

2. Alex33 says:

   February 25, 2020 - 4:15 pm at 4:15 pm

   Gold rallied 14/15 weeks from Nov low. That nearly matches the duration of the previous May – Aug. ’19 rally (14 – 15 weeks). Instead of being euphoric, we should have bought some put options yesterday.

   • Fullgoldcrown says:

     February 25, 2020 - 4:16 pm at 4:16 pm

     Ah the voice of reason

3. Aurum Maximus says:

   February 25, 2020 - 5:04 pm at 5:04 pm

   Option expiration, V shape recovery into Friday. Nothing to see here except another drive by bankering. That is all.

   • Karl says:

     February 25, 2020 - 5:22 pm at 5:22 pm

     I’m a firm believer in the Comex option expiration effect. Nevertheless I have to admire your confidence here. There is quite a bit going on.

     • Patrick says:

       February 25, 2020 - 7:44 pm at 7:44 pm

       Yep. My friend who deal a lot in options… looks alot at that max pain… not quite sure I still understand it all.. but that he can often ball park price action based it… probably amognst other metrics. As for safe haven… I’m not quite sure that exists. Silver reacts to inflation (cpi) and inflation (money supply) … soo judging by a one day event.. indeed I would think like Aurum… because the day before.. it moved with gold while the rest was red. LOTS and LOTS of noise on daily, but it does sell newspapers! So.. just wait for it.. hopefully the fed will suprise in march meeting with a cut.. if not.. silver and gold will pop because the carried over expectations of the march cuts will move to april’s meeting. The monthly chart are trending upwards for silver and gold. Patience. We keep doing higher lows… wall of worries every where!

       • Fullgoldcrown says:

         February 25, 2020 - 8:20 pm at 8:20 pm

         Karl gave us the heads up…shoulda known

         What I don’t get is that if this happens EVERY option expiry date….why does anybody hold options until expiry

         Wouldn’t you think they would learn to sell a few days before ?

         sheesh

         • Karl says:

           February 26, 2020 - 2:47 am at 2:47 am

           I don’t understand either. I have hypotheses that I don’t want to bother people with. I will note that it is not 100% reliable and perhaps can go the opposite direction occasionally. Also, “Jesse”, a firm believer in the effect, whose reminders I rely on, has noted that it sometimes happens the day after the expiration.

           As for this time, Jesse wryly commented,

           “Speaking of which, the safe havens gold and silver were shamelessly hammered lower, particularly in the last hour, in honor of the Comex option expiration today for the precious metals. Isn’t strafing the lifeboats considered bad form among a civilized people?”

           https://jessescrossroadscafe.blogspot.com/2020/02/stocks-and-precious-metals-charts_25.html

   • red label says:

     February 26, 2020 - 2:42 am at 2:42 am

     Options expiration manipulation may become a thing of the past. Au being a Tier 1 asset the CB’s IMO should be on the anti manipulation program unless;

     1 they want to accumulate; or

     2 they have to sell AU to pay FIAT denominated obligations

     3 there is a run on certain FIAT’s

     Au has been used in the past to fight deflation by depreciation of FIAT vs Au. So many unknown financial variations exist uncharted debt = uncharted risks in all assets IMO. Massive risk of hyper inflation & deflation. I’m in the camp that Pb is gonna be sound money. You can’t eat Pb but you can encourage someone to make you a sandwich.

     Ag is neither of the above yet!