1. Metals try to capitalize in market weakness with dollar weakness ie choppy
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  2. Good Thur Morning! Gold is down 1.3 to 1248. Silver is flat at 1757. Crude +16 to 4820. The USD is up 17 to 9964.
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  3. Week of 3/18/2017 Closing prices & Chg Over Last Wk---- Gold $1230.20-- UP 28.8 Silver $17.41-- UP 49 Oil $49.31-- UP 82 TICS USD $100.11 -- DOWN 100 tics Based on near term futures contract--- At JMB Current price AGE 2017 $1299.09 (1), SAE $20.54 (20)

Who here thinks this run up is warranted?

Discussion in 'PM Trading/Stocks/Technical Analysis' started by Fjpod, Nov 2, 2016.



  1. Fjpod

    Fjpod Silver Member Silver Miner

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    I must be missing something, but I don't see it.

    Industrial metals (other than silver) are flat or down. Stock market is down. Economy is chugging along somewhat positively. Interest rates are about to go up.

    Is it election uncertainty? Or is there some other fundamental?
     
  2. southfork

    southfork Mother Lode Found Mother Lode

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    Games seem to be over, if Trump wins heads roll, Oatsama will let the markets crash to try to fk him, if killary wins its gridlock with massive nation wide protests , trials ect, the end seems to be near. jmho
     
  3. louky

    louky Silver Member Silver Miner

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    FED has to take down the s&p 10-20, maybe 30% to get people buying again. Everything is over priced. Outflows for a year or more now. Big money stacking cash waiting for it. Hedging with gold/silver at the moment.

    In terms of metals, they are ready to squeeze shorts. Just look at the CoT report.
     
  4. louky

    louky Silver Member Silver Miner

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    Metals don't move because of events. That's the cover up. What they want you to think. All that matters is where the institutions want to buy and sell for profit.
     

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