Daily Gold Chat

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Tuesday, December 12, 2017

Silver rise imminent...12-7-2017
(Au Gratin)
12/07/2017 - 12:49
12/12/2017 - 12:49

12-7-2017

Every time in the last year silver had been pushed below $16, it has snapped back violently.
This is a very brief buying opportunity with a guaranteed win. It's too cheap. Everyone knows it including the banks who put it down this low. They want to cover shorts here. Just do what they do to win.
Why do they always win? Because they keep increasing the bet until no one else can stay in the game.
It's just a matter of buying their own reality.

Wave goodbye to $17 silver.......12-5-2017
(Au Gratin)
12/05/2017 - 11:09
12/12/2017 - 11:09

There goes about 3 months worth of base-building for silver and all before noon EST (12-5-2017)
Check back next year. Too many failed attempts at $17
Now it's back in the dumps where it's going to stay for a long long time.
I think a nice $15 close in the works for today. We'll see.....

Today or tomorrow....gold smash
(Au Gratin)
11/28/2017 - 09:23
12/12/2017 - 09:23

$15+ gold smash as it's made too many failed attempts at 1300.
Just my gut feeling from many years of frustration. Today or tomorrow.

$16.98 Silver! Is that the best you could do?
(Au Gratin)
11/15/2017 - 15:22
12/12/2017 - 03:22

Silver is mocking you guys at 17.00 and all you could manage was 16.98?
They sure don't make market riggers like they used to!
Come on, SMASH it like you used to! You guys are WEAK!

Pssssst! Silver is over $17.00
(Au Gratin)
11/01/2017 - 14:20
12/12/2017 - 02:20

That won't last long. I give it 24 hours or less.

Sell orders
(KS)
10/19/2017 - 15:23
12/12/2017 - 03:23

I can put in all the orders I want to buy the Dec gold at $1000 and it will not move the market unless there is a willing seller at that price. You conspiracy people need to understand how the market works. Please take the time to do so. Respectfully.

Oct 19, 1987...30 years ago today will live in financial infamy
(Vronsky)
10/19/2017 - 11:01
12/12/2017 - 11:01

It is called Black Monday for good reason, as the DOW Index crashed 23% in only one day. In finance, Black Monday refers to Monday, October 19, 1987, when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong and spread west to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%).[1] In Australia and New Zealand, the 1987 crash is also referred to as "Black Tuesday" because of the time zone difference.

The terms Black Monday and Black Tuesday are also respectively applied to October 28 and October 29, 1929, which occurred after Black Thursday on October 24, which started the Stock Market Crash of 1929.

On October 19, 2017, stock market investors worldwide decided to pay tribute to Black Monday by selling all of their stocks and making the values tank. On this day, leading stocks such as eBay, Amazon, and Square Cash dropped in value by over 1 (one) percent each, and over $1 per share.

For more details go to: https://en.wikipedia.org/wiki/Black_Monday_(1987)

Then why do price gaps occur?
(Au Gratin)
10/16/2017 - 15:31
12/12/2017 - 03:31

@KS

Orders do not have to be filled to move prices. A Million sell orders can be placed in the middle of the night when trading is thin.
Then a violent move down triggers stops which initiates a waterfall decline. We have witnessed this in the metals more than any other market. It is my belief that these orders are intended to move price.
A Million sell orders can be placed then cancelled in seconds to do the same thing.
These are not market forces at work. There is no balance here.

(Au Gratin)
(KS)
10/16/2017 - 07:51
12/12/2017 - 07:51

For every futures short position there is a long position. The futures "open interest" details the willing number of buyers and sellers at odds on a trade. Just saying.

Banning cash is not enough
(Au Gratin)
10/09/2017 - 16:14
12/12/2017 - 04:14

Jim Rickards said that it would make no sense to ban cash and leave gold and silver ownership legal.
I couldn't agree more! Without knowing all the reasons for our money going digital, one must assume there's a few reasons we aren't being told. How many dollars are in circulation outside of the USA?
If those dollars began to come home, how would that change the value of the dollar here? Perhaps that is already happening. Like a good poker player, I don't think the government is showing their hand. I also think they've got some cards up their sleeve. I think the effort to suppress gold and silver prices isn't just about some big short positions held by banks. I think it's about perception management. If cash is going to be banned, gold and silver ownership provides a way out. If the goal is to capture everyone inside the system with no way out, gold and silver are a problem. I could be wrong, but someone really, REALLY doesn't want gold and silver going up.

Tuesday, December 12, 2017

24 karat gold is pure elemental gold.