Both SLV and GLD appear on the verge of a big move.. still waiting for a trigger alert. I would assume that a trigger will occur next week and when one occurs, you will get a TradeAlert! Just a heads up. GM
Greg, I bow to your trading expertise. I look for 3-day to 25 day trends in gold, silver and mining. This is what I have as of Saturday April 4. After the previous week's shocking, massive COT contracts, April has been spooky quite. Silver contracts Friday was below the grass. There have been no correlation between currencies vs. PM prices. The HUI Friday, again was down 0.32% despite gold rising. (HUI - Gold Bugs index). I was all cash until Monday, my selected gold stocks are up about 5% for this week. I was very lightly in on a Silver mine PAAS Monday at close, then exit all Silver Mines Thursday morning. Over 15 years, Thursday as London closes is the highest statistical time for Silver to drop dramatically. As a big fan of Ted COT. It is his opinion that JPM got out from under their approx $7BN gold COMEX short contract position - they are out of gold.
A different chart subscription put me on notice that Gold, Silver may explode to upside. Final calculations will be received this Sunday. Now Greg pus us on notice.
Mining Stocks World-wide: Official Story - shut down due to virus! Courts allowed them out of their COMEX related physical metal delivery. There is no gold, silver at coin shops or mints. The Mines have cut off flow to corrupt banks. Despite US / Canada Military closing the border (virus reason again), 600,000 oz (1 truck load) after truckload, some days 2 truck loads move physical silver from US to Canada's Scotibank!
Weekly Totals for All Known Transparant Gold Holding moved from 65 M oz in 2016 to 117 M oz this week. In silver 860 M oz in 2016 to 1176.2 M oz this week. Question: Does LBMA even have 2% of the gold to fulfill its obligations? COT Silver futures Open Interest fell from 240 to a staggering 140 this week! (Gasp!). In Gold, JPM appears to have engineered something to throw the rest of the banks under the wheels. With mentioned silver mines off-line - the Days of Mining World Production to cover Silver Short Contracts may have jumped from 150 to 400? To give you an idea, Coffee is 40 days, Sugar is 30 days, Crude oil is 5 days...
There is Residential Beach Property in Southern California. But, there isn't enough to go around. Now, we see the same for gold, silver.
I was an engineer during the Cold War - we use to study Soviet sayings. Is this the line where there are No Shoes? No comrade, this is the line where there are no Potatoes.
Now in the US: Is this the line where there is no virus testing? No citizen, this is the line where there is no silver.
Sorry for a long- info dump. I study these charts and information 3 hours a day, 6 days a week. On the 7th day, the wife puts me in charge of the vacuum cleaner.
Tnx Greg. As a Dutch citizen I am impressed to yet see real American heroes at work. They still exist. The founding history and the vision of the Fathers is the best history ever.
Its not Gone! It is in very, very powerful hands of the dark side. They lowered prices and shook it loose from weak hands. Central Banks are not required to report, were silently accumulating massive amounts. Under Basil agreement, gold is a Tier 1 asset, it use to be no asset at all.
SLV, GLD - don't have actual metal for investment. If they are ever squeezed, chances are that courts will allow them to pay cash value, perhaps 120 days later. This was the case in Natural Gas futures over a decade ago. It wiped out small investors.
Personally, I use one of the Sprott Physical Silver or Gold funds. Basically same result but inventory is independently audited. Also, I wouldn't use the German Bank ETF. They are on the edge of falling. We were covering a story about an old, old Amsterdam Bank - it was deemed to be in trouble, a EU bank took it over. Multi-millionaires had sizeable physical gold, silver vaults for storage. On about March 20, 2020 the EU Bank claimed it couldn't manage storage. EU courts allowed the bank to pay Cash Equivalent. Go look at the charts, as if by magic! Yes Magic! NY & London dipped gold, silver down - that's the value the customers got. EU Bank got the gold & silver - gold and silver nobody can find at any price.
When Greg says These Markets are Rigged - they lowered the price and took it all at the rigged price. Lots of millionaires and billionaires that "thought they owned gold" safely in Amsterdam - got a check at 2020 lowest prices. Checks might take 120 days to arrive...
:).. no problem, on the contrary, I read carefully every word of it. Personally I dont care about receiving bullion. I go for dollar profit. My concern is not to loose money by product failure like gld , slv etc or bankruptancy of custodian. I believe ETF's are not in danger as it is the case for ETN's. Hope I am right.
You might want to refresh Bear-Stearns failure on those ETF, or the more recent natural gas default. I personally learned the hard way that FDIC eventually paid about 33 cents on deposited dollar, several years later...
Good luck, but any unbacked ETF was exactly Madoff's court defence.
you mentioned you were expecting another big move down of the markets, more margin calls... is that the move you are expecting? a big gold and silver paper sell off as an opportunity to get in at much cheaper prices?
Greg, luv ya, but have you seen the 200 dma of gold? It has been dropping for months, is still continuing to drop, and will continue to drop further. I would reccomend a sell on precious metals at this time.
Greg, I bow to your trading expertise. I look for 3-day to 25 day trends in gold, silver and mining. This is what I have as of Saturday April 4. After the previous week's shocking, massive COT contracts, April has been spooky quite. Silver contracts Friday was below the grass. There have been no correlation between currencies vs. PM prices. The HUI Friday, again was down 0.32% despite gold rising. (HUI - Gold Bugs index). I was all cash until Monday, my selected gold stocks are up about 5% for this week. I was very lightly in on a Silver mine PAAS Monday at close, then exit all Silver Mines Thursday morning. Over 15 years, Thursday as London closes is the highest statistical time for Silver to drop dramatically. As a big fan of Ted COT. It is his opinion that JPM got out from under their approx $7BN gold COMEX short contract position - they are out of gold.
A different chart subscription put me on notice that Gold, Silver may explode to upside. Final calculations will be received this Sunday. Now Greg pus us on notice.
Mining Stocks World-wide: Official Story - shut down due to virus! Courts allowed them out of their COMEX related physical metal delivery. There is no gold, silver at coin shops or mints. The Mines have cut off flow to corrupt banks. Despite US / Canada Military closing the border (virus reason again), 600,000 oz (1 truck load) after truckload, some days 2 truck loads move physical silver from US to Canada's Scotibank!
Weekly Totals for All Known Transparant Gold Holding moved from 65 M oz in 2016 to 117 M oz this week. In silver 860 M oz in 2016 to 1176.2 M oz this week. Question: Does LBMA even have 2% of the gold to fulfill its obligations? COT Silver futures Open Interest fell from 240 to a staggering 140 this week! (Gasp!). In Gold, JPM appears to have engineered something to throw the rest of the banks under the wheels. With mentioned silver mines off-line - the Days of Mining World Production to cover Silver Short Contracts may have jumped from 150 to 400? To give you an idea, Coffee is 40 days, Sugar is 30 days, Crude oil is 5 days...
There is Residential Beach Property in Southern California. But, there isn't enough to go around. Now, we see the same for gold, silver.
I was an engineer during the Cold War - we use to study Soviet sayings. Is this the line where there are No Shoes? No comrade, this is the line where there are no Potatoes.
Now in the US: Is this the line where there is no virus testing? No citizen, this is the line where there is no silver.
Sorry for a long- info dump. I study these charts and information 3 hours a day, 6 days a week. On the 7th day, the wife puts me in charge of the vacuum cleaner.
ThanQ you Greg! I saw u on ITM video. Way to keep it real! We appreciate you!
Tnx Greg. As a Dutch citizen I am impressed to yet see real American heroes at work. They still exist. The founding history and the vision of the Fathers is the best history ever.
Will there be any stoploss?
No stoploss! Silver (SLV) moves 1-3% a day up/down. My robotic trader adds on 3% drops and takes profits on 2% increases in price.
That is a good robotic trader...free or?
Totally free. https://silvertraderai.com
Thanks!
I just wish we were still able to buy the physical gold and silver. It's all gone!!!!!!!!!
Buying and holding silver misses all the daily moves. Profit is in turning inventory!
Its not Gone! It is in very, very powerful hands of the dark side. They lowered prices and shook it loose from weak hands. Central Banks are not required to report, were silently accumulating massive amounts. Under Basil agreement, gold is a Tier 1 asset, it use to be no asset at all.
Any worries due to the custodian of GLD ? Are we sure that HSBC won't be in future trouble ?
SLV, GLD - don't have actual metal for investment. If they are ever squeezed, chances are that courts will allow them to pay cash value, perhaps 120 days later. This was the case in Natural Gas futures over a decade ago. It wiped out small investors.
Personally, I use one of the Sprott Physical Silver or Gold funds. Basically same result but inventory is independently audited. Also, I wouldn't use the German Bank ETF. They are on the edge of falling. We were covering a story about an old, old Amsterdam Bank - it was deemed to be in trouble, a EU bank took it over. Multi-millionaires had sizeable physical gold, silver vaults for storage. On about March 20, 2020 the EU Bank claimed it couldn't manage storage. EU courts allowed the bank to pay Cash Equivalent. Go look at the charts, as if by magic! Yes Magic! NY & London dipped gold, silver down - that's the value the customers got. EU Bank got the gold & silver - gold and silver nobody can find at any price.
When Greg says These Markets are Rigged - they lowered the price and took it all at the rigged price. Lots of millionaires and billionaires that "thought they owned gold" safely in Amsterdam - got a check at 2020 lowest prices. Checks might take 120 days to arrive...
I appreciate your comment, thank you!
Sorry for long details, trust me... It's my Short version. 🤓
:).. no problem, on the contrary, I read carefully every word of it. Personally I dont care about receiving bullion. I go for dollar profit. My concern is not to loose money by product failure like gld , slv etc or bankruptancy of custodian. I believe ETF's are not in danger as it is the case for ETN's. Hope I am right.
You might want to refresh Bear-Stearns failure on those ETF, or the more recent natural gas default. I personally learned the hard way that FDIC eventually paid about 33 cents on deposited dollar, several years later...
Good luck, but any unbacked ETF was exactly Madoff's court defence.
I am looking at SGOL for gold and PSLV for silver. Which do you suggest. I am sorry you were scammed. Wall street is a scam altogether anyway.
Loved seeing you on ITM...seeing two people I really respect on the same page does my heart good!
you mentioned you were expecting another big move down of the markets, more margin calls... is that the move you are expecting? a big gold and silver paper sell off as an opportunity to get in at much cheaper prices?
No doubt a major move higher is coming. The physical markets are almost completely drained. The paper price has to follow.
https://goldsilverliberty.blogspot.com/2020/04/is-physical-gold-and-silver-supply.html
Keep Stacking!!!
And then buy?
Thank u so much Greg !
Thanks Greg as always!
Feeling it's gonna skyrocket
Thanks!
Greg, luv ya, but have you seen the 200 dma of gold? It has been dropping for months, is still continuing to drop, and will continue to drop further. I would reccomend a sell on precious metals at this time.