For some reason gold likes to trade channels, trendlines and triangles, which gold has been in for the last 20 months, in a huge symmetrical triangle. Price broke trendline support today which starting in mid January of this year. Until price breaks out of the triangle, gold will chop up bulls and bears. https://www.tradingview.com/x/NJfzKM63/
Tons of "computer errors" aaaaall over the charts today but I'm going to write that off to the "big boys" just staying at the Hamptons on Long Island whilst the underlings went to the office and make sure nobody pressed the wrong buttons. Jamie Dimon and Llloyd Blankfein kind of had parental controls set up going into today is what I'm thinking. :-) Them wuz only firecrackers going off today...and roman candles. Wed should be fun. :O
Ironic actually. The manipulator all of the gold bugs were talking about turned out to be a buyer. And his order to buy drove price lower? Time for a proverbial "I toldja so" from me. >>> "physical just plain sux!" :-)
Silver will be $100 by end of the year!
Gregory, I refuse to be wrong. I never give up on my calls.
I make money on unstable markets.
The market made me 500% return in a week on one stock.
If I get enough upvotes to = 10 STEEM I will reveal it.
I think this whole week could be very hard on metals. Everyone is on vacation in the US. I think this will be hard on metals until the confrontation between congress and Trump on the next budget. Good time for long term investors to buy Silver. Have a good holiday.
I haven't even heard 1 minute of your video & already I'm thinking to myself, "This is GREAT!" See - I stack physical silver - so it's actually a really good thing for me if the FIAT paper derivatives get dumped, go away, cease to exist. Then, finally, the day may come when Silver will return to its' true value. Now, that day is closer.
All this means to me is - time to go and get my hands on more physical silver, at an extremely undervalued price. Buying physical silver bullion - you just CAN NOT GO WRONG. Worst case scenario: I saved my money - for a while - in an asset that can not be destroyed or printed anywhere near as fast as the paper stuff.
@marketwatch WTH were you thinking last week - buying SLV options??? You're smarter than that! Bad hangover? :-)
Thanks for your reassuring words on gold and silver today. I know, you've said them over and over again but on a day like today, it just feels comforting to hear them one more time.
Too true...Isn't it really.. I mean if you take a 30,000 foot view over a longer period of time, you'll see the same patterns repeating themselves over and over again. same ole, same ole.
The manipulation of gold and silver by the major banks is MASSIVE. The paper ETFs are destructive. But those chains will break once the fiat empire falls and while the fundamentals are off the table, we know it's going to happen eventually. Sooner rather than later.
So the long term trend of gold and especially silver is incredible! :)
You are like a bell buoy in the night...you talked about these paper derivatives for gold and silver days ago, saying they were a mistake. I am not a trader and still understood that if I were, I might not want to buy them.
It is a shame that they used paper derivatives to cause the rest of us trouble. If only they could be reprimanded. When we were kids bad kids would be sent to the principals office. Damn it is depressing. We need some checks and balances. On the bright side you do a great job keeping us informed. Your t shirt makes me think you took off the shirt and tie, roll up the sleeves and fight these criminal folks who want to manipulate the markets. Thanks for being out there in the boxing ring of moral markets and fighting for us. WE LOVE YOU MAN!
The market festivities are likely over for today. It was an exciting day today. For you too I'm sure, greg. Looks like you didn't even get a chance to change out of your jammies. :-) Glad you have a sense of humor. I'm still in my underwear but I turnt them inside out after today's GDX open...being that I'm long. Thank goodness for tomorrow's day off. Need to do some laundry over here. :O
To TPTB that slam regularly metals derivatives and read the comments with their AI algos: please understand that we have no intention to sell now and the more the metal prices go down the more we are happy to buy more physical... ;-)
Here in Canada we boast over 2 trillion in household debt with 65% in bubble housing.... And they wanna raise rates! Happy housing crash as they say lol... Maybe gold in CAD $ here will do very well
This has to end at some point. I have been watching the markets closely, but I understand that if you own silver or gold that you are in the game for the long haul.
This post has been ranked within the top 10 most undervalued posts in the second half of Jul 03. We estimate that this post is undervalued by $88.06 as compared to a scenario in which every voter had an equal say.
Unfortunately they are NOT incompetent. They ARE on the dole or following orders from higher-ups who are. Remember the lowly inspector still has kids to feed and a mortgage or rent to pay. It's never been about controlling each of the minions it's about owning or being the boss of the minions. "Just following orders" extends beyond the military...
Seems a pattern here, when there is a holiday of some sort they always slam the price down. The US market may be closed for the holidays but the rest of the world is still open. Slam it down now so when the market opens again after the holidays the price will be where it was before the slam!
George Soros and his web of institutions are forming a means to an end. If there is a crash of any kind, his organizations can make great strides on forming a "one world government". If not, then in will happen later in Trumps term to discredit Trump and create emergency regulations etc. Maybe they are waiting for Great Britain to decide on leadership.
Maybe want to make US dollar look good on 4th July
You'd think someone would put them in prison and the regulators. Cheers mate
Greg, Loving the Dress Down! Destruction is a Nice way to put it!!!:)
Couldn't help but noticed the slammed on gold and silver prices. No fireworks for G/S today.
For some reason gold likes to trade channels, trendlines and triangles, which gold has been in for the last 20 months, in a huge symmetrical triangle. Price broke trendline support today which starting in mid January of this year. Until price breaks out of the triangle, gold will chop up bulls and bears. https://www.tradingview.com/x/NJfzKM63/
Tons of "computer errors" aaaaall over the charts today but I'm going to write that off to the "big boys" just staying at the Hamptons on Long Island whilst the underlings went to the office and make sure nobody pressed the wrong buttons. Jamie Dimon and Llloyd Blankfein kind of had parental controls set up going into today is what I'm thinking. :-) Them wuz only firecrackers going off today...and roman candles. Wed should be fun. :O
computer errors, gold still sold of on good volume. Someone was manning the algos.
We will have these PM movement until a huge delivery failure happen.
The 3 year old Kyle Bass story tells that Clearly!
Nice one. I remember this from then.......
Ironic actually. The manipulator all of the gold bugs were talking about turned out to be a buyer. And his order to buy drove price lower? Time for a proverbial "I toldja so" from me. >>> "physical just plain sux!" :-)
Silver will be $100 by end of the year!
Gregory, I refuse to be wrong. I never give up on my calls.
I make money on unstable markets.
The market made me 500% return in a week on one stock.
If I get enough upvotes to = 10 STEEM I will reveal it.
I will be jonsing til Friday. Happy 4th of July!
I start laughing when you mention regulators. They are a joke. Anyway this is totally fake, so I agree this will balanced at one point.
what they're doing to silver is crazy
Yep, a Maalox and Pepto-Bismo day. Thanks Greg.
I like shiny metal!!! The physical type!!! :-)
Thanx for the report.... keep them coming!!!
I think this whole week could be very hard on metals. Everyone is on vacation in the US. I think this will be hard on metals until the confrontation between congress and Trump on the next budget. Good time for long term investors to buy Silver. Have a good holiday.
I haven't even heard 1 minute of your video & already I'm thinking to myself, "This is GREAT!" See - I stack physical silver - so it's actually a really good thing for me if the FIAT paper derivatives get dumped, go away, cease to exist. Then, finally, the day may come when Silver will return to its' true value. Now, that day is closer.
All this means to me is - time to go and get my hands on more physical silver, at an extremely undervalued price. Buying physical silver bullion - you just CAN NOT GO WRONG. Worst case scenario: I saved my money - for a while - in an asset that can not be destroyed or printed anywhere near as fast as the paper stuff.
@marketwatch WTH were you thinking last week - buying SLV options??? You're smarter than that! Bad hangover? :-)
"Gold And Silver Derivatives Get Crushed, Plus Tech Updates, More!" Silver deals everywhere! I'm loving it. Wish I had more Fiat $.
Not upset, let them slam the silver, keep buying in at the physical.🤑
Can you say.............. "FIRESALE!!!!!!!!!" IT's on SALE people, enjoy!
Thanks for your reassuring words on gold and silver today. I know, you've said them over and over again but on a day like today, it just feels comforting to hear them one more time.
Great video as always. Silver is on SALE today! Buy! Buy! Buy! Thanks Greg!
Another trading day, another day of market manipulation...same ole, same ole. Think it will ever end? Thanks for all the hard work Greg.
Too true...Isn't it really.. I mean if you take a 30,000 foot view over a longer period of time, you'll see the same patterns repeating themselves over and over again. same ole, same ole.
The manipulation of gold and silver by the major banks is MASSIVE. The paper ETFs are destructive. But those chains will break once the fiat empire falls and while the fundamentals are off the table, we know it's going to happen eventually. Sooner rather than later.
So the long term trend of gold and especially silver is incredible! :)
You are like a bell buoy in the night...you talked about these paper derivatives for gold and silver days ago, saying they were a mistake. I am not a trader and still understood that if I were, I might not want to buy them.
It is a shame that they used paper derivatives to cause the rest of us trouble. If only they could be reprimanded. When we were kids bad kids would be sent to the principals office. Damn it is depressing. We need some checks and balances. On the bright side you do a great job keeping us informed. Your t shirt makes me think you took off the shirt and tie, roll up the sleeves and fight these criminal folks who want to manipulate the markets. Thanks for being out there in the boxing ring of moral markets and fighting for us. WE LOVE YOU MAN!
The market festivities are likely over for today. It was an exciting day today. For you too I'm sure, greg. Looks like you didn't even get a chance to change out of your jammies. :-) Glad you have a sense of humor. I'm still in my underwear but I turnt them inside out after today's GDX open...being that I'm long. Thank goodness for tomorrow's day off. Need to do some laundry over here. :O
To TPTB that slam regularly metals derivatives and read the comments with their AI algos: please understand that we have no intention to sell now and the more the metal prices go down the more we are happy to buy more physical... ;-)
I'm not upset today. I'm upset everyday regulators don't do their job.
AWSOME AGAIN GREG
argh, it hurts... crazy sh*t, crazy market. everything's fake.
Thanks for the update Greg!
Gold and Silver got crushed because Bo Polny got a new interview. It looks like the market is listen to his bold call on Gold and silver.
Happy 4th of July Greg, hope you enjoy it. From the looks of it, manipulation is at play. Looking forward how it goes come friday.
i think these paper derivatives dumping goes on for years, no maybe about it in my opinion.
HAHAHA Ben Bernanke!!! See ya Fryyyydaii
Here in Canada we boast over 2 trillion in household debt with 65% in bubble housing.... And they wanna raise rates! Happy housing crash as they say lol... Maybe gold in CAD $ here will do very well
YOOOO!!! GREG...!!! SHOW US METAL STACKERS A PORTION OF YOUR STACK...JUST A LITTLE MOTIVATION FOR US TO KEEP STACKING LOL
BTW HAPPY 4th OF JULY MAN
Helpful
This has to end at some point. I have been watching the markets closely, but I understand that if you own silver or gold that you are in the game for the long haul.
This post has been ranked within the top 10 most undervalued posts in the second half of Jul 03. We estimate that this post is undervalued by $88.06 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Jul 03 - Part II. You can also read about some of our methodology, data analysis and technical details in our initial post.
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Unfortunately they are NOT incompetent. They ARE on the dole or following orders from higher-ups who are. Remember the lowly inspector still has kids to feed and a mortgage or rent to pay. It's never been about controlling each of the minions it's about owning or being the boss of the minions. "Just following orders" extends beyond the military...
Seems a pattern here, when there is a holiday of some sort they always slam the price down. The US market may be closed for the holidays but the rest of the world is still open. Slam it down now so when the market opens again after the holidays the price will be where it was before the slam!
Greg, I heard your dog. Can we see him/her sometime? I looooove Dogs!
Love my gold and silver.
George Soros and his web of institutions are forming a means to an end. If there is a crash of any kind, his organizations can make great strides on forming a "one world government". If not, then in will happen later in Trumps term to discredit Trump and create emergency regulations etc. Maybe they are waiting for Great Britain to decide on leadership.
Thank You Greg have a nice 4th of July,