Observation Regarding Gold & Silver
Some commentators in the gold and silver space have pointed out that since the weekly COT reports cover the week ended the previous Tues. when they are released at the end of weekly trading on Fridays, the manipulation window runs from Wednesday to Tuesday for any given week. While not having said that explicitly myself, I have hinted at the same since I started pointing out here in many of my posts the phenomena of “Tuesday Takedowns” over the last few years. It has morphed and changed a bit in the last 6 months or so but the relationship still has some bearing. Well, here is a thought. Since one day (tomorrow being Tues.) isn’t going to make much difference one way or another, if you were the manipulators and you know a great many followere of the precious metal space are expecting that no bottom would take place before tomorrow at the earliest, would you accomodate them or would you instead have your bottom and reversal a day before anyone would be expecting it? So while the odds based on their track record would suggest at least one more low or at least a test of today’s lows, tomorrow, if I were running the manipulation scheme I would have finished covering my shorts today and get the jump on everyone waiting for the Tuesday bottom. Just a thought. The charts and technicals say the metals are as oversold and washed out as they are likely to get. However, we know that with so much on the line, the manipulators will get away with the price suppression, for as long as they possibly can.
And now, with the MSM proclaiming from the rooftops, that the worst of inflation is behind us, we will see the “wave C” of inflation.
Relentless rise in the price of crude oil, is one major contributor.
Whether it is Costco, or casual dining restaurants, the prices are creeping up, 6-8-10% every quarter.
Now comes the most unexpected steep rise in long term yields.
Respect the seniors. They don’t blabber.
https://finance.yahoo.com/news/bill-gross-says-10-treasuries-182905232.html
GL
Here’s more … just imagine for a moment if this were to happen before 2023 is over!
https://www.zerohedge.com/economics/macleod-beware-great-unwind
GL
Blah blah blah blah blah blah blah.
rinse and repeat.
Same old crap over and over and over and over.
Yeah, so prices are going up. Of course they are. What a news flash.
Gold and silver and the shares continue to languish. Endlessly.
Stoopid, stoopid, stoopid.
You are a complete jerk. I made an observation. You may agree or disagree, fine. I didn’t say to buy anything, I didn’t say anything about the miners. If you don’t like what I write, don’t read it. If you have something worthwhile to say fine. If you are just going to be a jerk, keep it to yourself.
Unfortunately you have to start thinking like you are. We know we are being played…so we have to start thinking like them.