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