This tweet on my X-feed caught my attention, so I thought it would reassure Substack subscribers who are naturally worried about their gold and silver positions.
It's 6:32 a.m. Eastern Daylight Time. According to the Wall Street Journal, gold is priced at $4,265. Yes, that's quite a drop from the mid five thousands of just a few weeks ago, but it's still much, much higher than a year ago.
The war in the Middle East has accelerated the dollar's demise. Trump is trying to spin the war narrative now, saying that the US's goals have almost been completed. Tell me, Donald, what are those goals, other than setting the world on fire?
Hold onto your gold and silver, if you have some. Buy more, if you can. Very bad times are a'comin'.
Exactly the same thing happened back in 08/start of 09 before the last run up. People sold out as it was the only thing in their portfolios showing a profit.
We have essentially just ‘lost’ the last three months of gains. If I was to look at my portfolio from November I would be quite happy now, instead because of the spike I am virtually down massively so feeling a bit sad 😭😂
When the historic Cypriot bank moves happen elsewhere and paper money is recognised as a worthless share certificate real assets will provide some comfort
AI or not, it just screams that the fundamentals are still there and that weak hands are being defeated. Much lower prices also present a very good buying opportunity.
They could still go lower from here but the rebound off of the 200 Day Moving Average is a cause for optimism!
Alasdair with oil and gas price so high it can’t all be down to manipulation. People sell what they can to pay for it and that includes gold. If oil price continues to rise do you not think gold price will continue to fall until things get bad enough for central banks to stop sounding Hawkish and revert to QE?
Can anyone explain if Comex open interest is the lowest it has been for over 20 years, how can the Silver market be manipulated lower for this expiry? It doesn't make sense to me, but I'm not an expert.
Is this video/tweet genuine - or AI ?
Here Dieter's view on current situation (in original language): https://www.youtube.com/watch?v=ZxOpx1M5PcU
It's 6:32 a.m. Eastern Daylight Time. According to the Wall Street Journal, gold is priced at $4,265. Yes, that's quite a drop from the mid five thousands of just a few weeks ago, but it's still much, much higher than a year ago.
The war in the Middle East has accelerated the dollar's demise. Trump is trying to spin the war narrative now, saying that the US's goals have almost been completed. Tell me, Donald, what are those goals, other than setting the world on fire?
Hold onto your gold and silver, if you have some. Buy more, if you can. Very bad times are a'comin'.
Donald’s goals are to dislodge Great Britain and it’s 120 year chokehold on all of us. This is something that he can’t say outloud.
Thus is the Promethean narrative. I think a Zion.. t narrative more appropriate?
No disrespect to you, Scott, that's not my intent, but I just don't buy this narrative. This seems like Q-anon v2 stuff, IMO.
Exactly the same thing happened back in 08/start of 09 before the last run up. People sold out as it was the only thing in their portfolios showing a profit.
We have essentially just ‘lost’ the last three months of gains. If I was to look at my portfolio from November I would be quite happy now, instead because of the spike I am virtually down massively so feeling a bit sad 😭😂
Me too. But I think the bounce, already happening this morning, could be very big!
IMHO it seems that this is an AI generated fake speech.
https://x.com/Mark4XX/status/2035854284806324651
Invest Dont speculate..
When the historic Cypriot bank moves happen elsewhere and paper money is recognised as a worthless share certificate real assets will provide some comfort
Yannick - I agree. It doesn't ring right to me. Maybe the translation is wrong even if the interview itself is or was genuine
AI or not, it just screams that the fundamentals are still there and that weak hands are being defeated. Much lower prices also present a very good buying opportunity.
They could still go lower from here but the rebound off of the 200 Day Moving Average is a cause for optimism!
Alasdair with oil and gas price so high it can’t all be down to manipulation. People sell what they can to pay for it and that includes gold. If oil price continues to rise do you not think gold price will continue to fall until things get bad enough for central banks to stop sounding Hawkish and revert to QE?
It seems that this video is a AI translation of part the original YT video in German language (1h 4mn). https://www.youtube.com/watch?v=ZxOpx1M5PcU
I do not understand all but seems this is genuine.
This is hugely helpful. Thanks so much.
Can anyone explain if Comex open interest is the lowest it has been for over 20 years, how can the Silver market be manipulated lower for this expiry? It doesn't make sense to me, but I'm not an expert.
There could be shorting GLD and SLV. Those arent traded there. Or maybe spoofing. I dont know.