Loading ...WTF?
I was looking at my screen a few minutes ago and gold was around 1864 and silver 24.92 or so. I changed screens for ten seconds and when I looked back gold dropped over ten dollars and silver twenty cents in the blink of an eye. The banksters are getting desperate and pulling out all the stops to try and shake people out and get them frustrated and distracted. I will say the same thing as yesterday after that flash crash. If, and it is a big if, the metals get back up over their highs for today and can keep slowly grinding higher all day (doesn’t have to be fast or furious) it will be confirmation the breakout is imminent.
Yes, Sir CM, may miners getting nuked in minutes!
Not sure if you follow Michael Oliver of Momentum Structural Analysis … he has maintained that a weekly close over 1825 USD is what matters to “seal” the “shift in momentum” in gold to an upward/uptrend direction.
For silver the number is 25.37 USD.
Because the GSR is what the PM miner bulls look at sooooo closely to base their rentry/buying decisions, keeping silver lower, and gold not so low, keeps the GSR higher and therefore not many buyers of PM miners.
So far this month, yours truly took partial profits in 6 names. Need to keep ringing the cash register, even though with chump change profits, and need to do it in many many names, and not let all gains evaporate again and again, for I have a LOT of juniors and mid-tiers. The seniors are still not offering me a chance to sell for long term profits, so that sucks.
I’m still fully invested, with zero cash allocation for PM miners, in my brokerage accounts.
As long as the PM bull is alive, plan to do so.
11/16/2021 15:39:35 Sold 425 ASM @ 1.0601 450.49 0.00 0.05
11/16/2021 14:29:23 Sold 725 ANXGF @ 0.5644 402.15 6.95 0.09
11/10/2021 15:56:40 Sold 45 MYAGF @ 7.0024 308.15 6.95 0.01
11/02/2021 15:46:31 Sold 900 AUMN @ 0.468 421.09 0.00 0.11
11/01/2021 14:21:57 Sold 650 BKRRF @ 0.8489 544.76 6.95 0.08
11/01/2021 14:06:37 Sold 4500 NMTLF @ 0.097 429.01 6.95 0.54
And here’s one we agree to disagree on … Hecla … since I bought it at 4.83 apiece.
10/26/2021 13:48:34 Sold 65 HL @ 6.0945 396.13 0.00 0.01
All the best to you and my entire Tent family! May God Bless us all!
Thankful to the Almighty for my luck to have known you and learnt from you folks!
GL
GL
That should have been “Many miners” in the first line of my reply.
GL
And “re-entry” in the 4th sentence, sorry too many typos!
GL
Don’t get stressed.. it’s just a takedown to get gold lower for options expiration on Tuesday. It just makes a buying opportunity