REVERSE REVERSALS
ALL THE BIG UP MOVES IN ALL MARKETS FROM YESTERDAY AFTERNOON ARE NOW COMPLETELY REVERSED
EVERYTHING IS TRADING IN LOCK STEP
GOLD COMMODITIES GENERAL MARKETS AND BONDS….IT’S ALL JUST ONE BIG MARKET NOW
ALL THE BIG UP MOVES IN ALL MARKETS FROM YESTERDAY AFTERNOON ARE NOW COMPLETELY REVERSED
EVERYTHING IS TRADING IN LOCK STEP
GOLD COMMODITIES GENERAL MARKETS AND BONDS….IT’S ALL JUST ONE BIG MARKET NOW
I read it, and liked its honesty in admitting what is going on in Putin’s mind is simply unknown.
Sorry, this comment should have been on the Putin article.
Have to disagree. While the session is still young and you may be correct in a few hours, gold and silver are nowhere near their lows from yesterday. They have risen significantly in the day and a half and have given back a nice chunk(back test). I don’t think they will be revisiting yesterday’s lows, anytime soon. Buy the dip.
Let me have some of whatever you are smoking, because that stuff is legit.
There is a very high probability we will be gapping down tomorrow in the PM complex. They are going to get sucked right down with the rest of the stock market, as per usual. There is zero reason to get long until J Powell announces the next round of QE. ZERO.
Unweighted commodity complex (GCC) is holding in beautifully given how extended it is above its 200 week MA. GCC has actually rallied with the spike in yields over the last year, making higher high after higher high, unlike gold and silver.
No, its just gold and silver, and mostly silver, that are tanking along with the conventional markets. Silver is has been one awful investment on pretty much every timeframe. Shorting silver or silver miners is actually a great way to hedge a long stock position.
So silver has pretty much not enjoyed any of the benefits of QE over the last 10 years, but the moment there is a liquidity crisis, it plummets faster than the worst tech stock. OK.
The USD is doing what we thought silver would be doing!
The only time to EVER get long silver or silver miners is when the Fed announces the next round of QE. Thereafter, you will get a 6 month spike in price followed by a 2 year sell of and then plunge at the next hint of Fed jawboning or the next liquidity crisis.
On the daily silver vs nasdaq chart, the ratio has actually has formed a wonderful head and shoulders pattern with a slanting neckline. If that neckline breaks, we should be seeing new multiyear lows in silver vs the nasdaq soon.
Such an absolute joke.
The ratio is actually sitting right on the neckline today. A gap down tomorrow in silver tomorrow should seal its fate vs the nasdaq, which should speak volumes.
Copper has been weaker the last month. could it be a strategy that keeping the copper price down is a way of keeping finished material price from rising too fast,,,HMMM
Its one giant freak show. Untradeable.