Today started out like all BLS Jobs Report Fridays. As the Nonfarms Payrolls Report was released, gold had an exceptionally rough time: $2,605,900,000 worth of paper gold traded within just four minutes (20,600 contracts). That was not the first hit,…
Since the silver market opened on Sunday night, there seems to have been a bottom carved out on the chart: The action on the daily supports the rounded bottom: However, the fingers are at the ready, and as the…
First this: RECORD HIGH FOR S & P 500! — Donald J. Trump (@realDonaldTrump) September 29, 2017 Pertaining to this: Not that the Exchange Stabilization Fund along with the Fed, smashing gold & silver, buying the…
First the good news. If copper is finding a bottom in the short-term, the silver price can find a floor based on the “industrial use” aspect of the white metal: Silver has two unique properties that, when comparing all other…
Two weeks ago we discussed the Fed radio silence for the entire week before the FOMC meeting. This is what it looked like: Last week we of course we know what happened, which was basically nothing until talk turns into action.…
Silver Doctors Friday Wrap: Sure, they have succeeded in smashing price lower on the week, but gold & silver refuse to drop a handle! WE GET THE VICTORY, and that will bother them even more than today’s closing prices… First this (queue Rocky theme…
Last night did not go that well as we saw constant pressure on the precious metals throughout the night: Constant, steady pressure to the downside. This is in light of “Rocket Man” comments, many Floridians still without power as 3…
Thank’s World Gold Council for the Tip: Follow @JenSaidIt ‘s journey on @yahoofinance as she invested in gold for the first time: https://t.co/AhWWs8M3HZ pic.twitter.com/FYEIB9PI3m — World Gold Council (@GOLDCOUNCIL) September 14, 2017 Here are some of the best parts: I…
Silver had strength to start the overnight session, and then again throughout the night: This is pretty much where we would want silver to be. All things considered, the strong-arming of the markets looks to be waning. There is, after…
First things first – when it doubt, smash: Last time I checked, you can pick up a bunch more ounces at $17.75 than you can at $18.25! One look at the economic calendar one thing should immediately stick out like…
Silver did not decisively break through $17 until last Thursday, just a few trading days ago. On Sunday night, silver futures broke through $18. We are nowhere near the “all clear”. We must be more careful than ever to not…
The fundamental news is all over the place this week. On the one hand, we have Hurricane Harvey coverage 24/7. On the other hand, we have North Korea and everything else. This week everything else does not include the sharp…
As we transition from August to September within the course of this trading week, we very well could have just experienced the Black Swan event over the weekend, and its name is Harvey. Gold & silver are breaking out right…