22159 replies to this topic

[K Wave]

So mission on the 8 hour is get back through the 200, and then roll both the 72 and the 200 over the coming bars....

 

Out the top could still be very problematic

 

[K Wave]

IF they cannot bust 68 next week, then another test of the weekly 900 could still be on the menu....

 

[K Wave]

GDX/GLD...is it possible....900 week backtest and Go??

 

[Smithy]

Physical demand increases as price falls: 

• Gold ETFs are on a 5-day buying streak, adding 143,200 oz in the latest session (profitsplusid)

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• Silver ETP holdings in London vaults rose through September while the spot price fell (pmbug)

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• COMEX registered silver dropped 280K oz to ~101.1M oz (silvertrade)

[Smithy]

Mohamed El-Erian:

Rates rising because

(1) govts issuing too much debt and tech companies also, to fund AI data centers, chips, power structure

(2) countries less willing to buy bonds

(3) oil uncertainty; consequences of rising prices are huge

(4) surging inflation

(5) hedge funds pile on in the bond mkt

Credit getting more expensive hurts the consumer and housing

AI getting so big its affecting the financial system

The result is much more volatile rates and asset markets: owning stocks is harder to justify

[K Wave]

Possible HUGE decision on ETH on the reopen tonight...usually does not move a whole lot when markets are shutdown

 

[dougie]

miners could fall a lot between now and December imo. 20-40%

[K Wave]

Final test...now we see??

 

[K Wave]

Can silver get back through...or...wheels about to fall off????

 

[K Wave]

at least a shot at it..........