O/T Central Banks & Huge Metals have Stolen Show

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morganman
Posts: 859
Joined: Fri Jun 29, 2018 4:02 am

O/T Central Banks & Huge Metals have Stolen Show

Post by morganman » Fri Sep 23, 2022 10:57 pm

Recently here in Sept Gold/Silver/metals seemed to get a reprieve from falling pricing,
with silver hitting a tad over $20 oz. Then central banks etc crush the mkts by selling more
short paper in futures, along with dollar & interest rate hikes, the poor metals mkts didnt
stand a chance. With cheap silver seemingly hiding under our beds the big crooks are
entering orders to buy physical silver, which is un available in large/huge amounts, leaving
common sense to see something is terribly wrong with this picture, as Lack of supply and
huge demand has always led to higher prices. Not this time as the conspiracy continues
with little to no intervention by the feds.

Dollar at 20 yr highs lends to sell offs in metals as well.
Gov figures showing economy not to bad off isnt helping the situation either.
Little mention of the trillions of dollar debt and just the interest acrueing
Central Banks worldwide are like thieves in night, quietly stealing from the same
entities that helped create them in first place. If individuals operated this way, jail
sentences would be a gazzilion yrs.

For now, silver is being held down into high teens and super vulnerable to downward
pressures, of which seem to come quite often on any upwards moves in mkt
Gold testing $1650 is a real threat to a downside breakout

Fortunately, I can personally handle the downturn as i made profits on my options
hedges (commodity PUT options) selling out with nice profits, but it still leaves me with
physical silver losing money at present. This does not help the ego or pocketbook LOL
I hope holding this stuff will pay eventually, as i admit its hard to watch the mkt drift
downward
:|

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Kurt28
Posts: 355
Joined: Sat Jun 02, 2018 4:00 pm

Re: O/T Central Banks & Huge Metals have Stolen Show

Post by Kurt28 » Sat Sep 24, 2022 5:19 am

As just a small fry, I see the current prices of silver a buying opportunity.
And as your friend, I would caution you to refrain from criticizing Central Banks.
Speaking from personal experience.

morganman
Posts: 859
Joined: Fri Jun 29, 2018 4:02 am

Re: O/T Central Banks & Huge Metals have Stolen Show

Post by morganman » Wed Sep 28, 2022 6:18 am

9-27 Night trade- Metals continue to get slammed, with no breaks, Gold $1625 -Silver $18.30
David Morgan predicted this further slide before we see any relief
He envisions much better pricing into year end with a real large move
by 2023 yr end, so 1 yr plus

Really sucks to see your investment losing value & stuck in stinky mud/crap
For months now i just curse and try to move on LOL
To take my mind off this mess, i have my small crew gold mining on my
rural creek property, of which is really producing well.
I just made a run to my refineries faculity, of which he refines and makes rounds
and bars for me. He just finished some Kilo gold 32.15 oz bars that are real cool
Authen Certificte/serial number/custom Oregon Coll pedigree

Not selling, but rather socking away for the upcoming gold run
:|

iceman
Posts: 344
Joined: Sun Jan 20, 2019 12:27 pm

Re: O/T Central Banks & Huge Metals have Stolen Show

Post by iceman » Wed Sep 28, 2022 11:07 am

Morganman
WOW !!! Im really impressed with all the things that you are into and Do and the SAGE words of information and advice . WOW Minining on your property !!!
Just WOW !!! Way COOL !!! I really enjoy your stories and Info on stuff , all are very informative and make me think !!! So Thanks for sharing !!!
John

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Longstrider
Posts: 881
Joined: Tue Jul 03, 2018 9:12 pm
Location: Mojave High Desert

Re: O/T Central Banks & Huge Metals have Stolen Show

Post by Longstrider » Thu Sep 29, 2022 1:59 pm

WOW! Just WOW! Way to go!🐍

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