Silver Slammed As 'Someone' Dumps $1.4bn In
'Paper' Gold Futures...AGAIN!! - Following "good" Housing data,
"bad" CPI data, and "ugly" wage growth data,
- someone decided to dump.... $1.4 billion notional... in
gold futures markets
(sending the price to 2010 levels), ....sending silver
plunging also, will hang around to see if the S1 provides a
bounce...
PMs work best with rates down & dollar down. If the Fed
makes the mistake of raising rates into a global growth slowdown,
you get rates up dollar up - plus high odds of a recession.
Perfunctory works both ways.
The best hope for PMs here is QE4. That's the biggest joke about
the whole bull market in Gold & Silver - it was as Fed-induced
as the equity markets. And silver was a huge central planning
bubble. If they burn the dollar more than the ECB burns the Euro,
gold will rise again.
Where the corrective A-B-C zig-zag wave ends at C and is higher
than A
Which is hugely bullish as “The forces in the direction of the
larger trend are
so powerfulthat the pattern becomes skewed in that
direction.” E. W. P. ...
SLV - Cont'd...
Posted by saturn6 on 17th of Jul 2015 at 11:03 am
Silver Slammed As 'Someone' Dumps $1.4bn In 'Paper' Gold Futures...AGAIN!! - Following "good" Housing data, "bad" CPI data, and "ugly" wage growth data,
- someone decided to dump.... $1.4 billion notional... in gold futures markets
(sending the price to 2010 levels), ....sending silver plunging also, will hang around to see if the S1 provides a bounce...
Link
Gold & Silver don't like
Posted by a_l_ on 17th of Jul 2015 at 11:11 am
Gold & Silver don't like deflation and slowing growth. No mystery. People sell when they see it.
Disinflation I think is where we are...
Posted by saturn6 on 17th of Jul 2015 at 11:22 am
...not to be confused with deflation.
The monetary metals are generally a safe haven when governments act in a perfunctory or tyrannical manner. Such as now.
Except for now only the East seems to be aware of it, and he who holds the gold makes the rules.
PMs work best with rates
Posted by a_l_ on 17th of Jul 2015 at 11:29 am
PMs work best with rates down & dollar down. If the Fed makes the mistake of raising rates into a global growth slowdown, you get rates up dollar up - plus high odds of a recession. Perfunctory works both ways.
You would think...
Posted by saturn6 on 17th of Jul 2015 at 11:32 am
...but not always so. Look at 2005-2006 for an example.
Of course, markets can anticipate
Posted by a_l_ on 17th of Jul 2015 at 11:53 am
Of course, markets can anticipate (2000-02), consolidate after 50% moves (2004-05), answer margin calls (2008), etc., but the big trends hold.
Gold - 20Y Yields - USD
The best hope for PMs
Posted by a_l_ on 17th of Jul 2015 at 11:17 am
The best hope for PMs here is QE4. That's the biggest joke about the whole bull market in Gold & Silver - it was as Fed-induced as the equity markets. And silver was a huge central planning bubble. If they burn the dollar more than the ECB burns the Euro, gold will rise again.
Running Flat Correction for the metals/?...
Posted by saturn6 on 17th of Jul 2015 at 11:27 am
Where the corrective A-B-C zig-zag wave ends at C and is higher than A
Which is hugely bullish as “The forces in the direction of the larger trend are so powerfulthat the pattern becomes skewed in that direction.” E. W. P. ...
Link