https://xitter.gq/t.co/G8of0o8qEd is the leading precious metals market analysis source featuring free content and written by industry expert and speaker Bill Downey
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Gold Trends retweeted
Interesting rationalisation
And some of the comments further explain the how and the why.
Like I said on Sunday night, the 15 minute up candle and quick reversal is a signature bank move. Meaning, they put a firm lid on the rally.
#GOLD #XAUUSD
Interesting development on GLD ETF. Massive increase in short volume came in on Friday December 1, 2023. (more than 4x normal volume). Gold's all time high was hit Sunday night with a massive reversal that ensued.
Is it normal to build a massive short position on an asset that closed on the high Friday and was ready to break out to all time highs after attacking resistance for 3 years?
Gold Trends retweeted
**Silver Alert**
Something strange just happened with the SLV ETF.
The shares available to borrow just collapsed.
This started to occur as SLV shares outstanding went to the lowest level of 2023, last week.
In July there were as much as 8 million shares to borrow each day. In August, there were about 4 million shares to borrow each day. However starting last Friday 8-25-23, the shares available to borrow collapsed to 500,000 shares on 8-28-23. Similar levels where we saw the SLV price lows in September last year. Would expect the "borrow fee rate" to start spiking. If it does, we could be witnessing a possible short squeeze or price volatility developing.
Gold Trends retweeted
Price reached upper Mnthly Sup 1902-1912 (July 30 post) today
Short term bulls MUST NOW CLOSE BACK Above 1922-1932 to TAKE BACK ST control from bears (since 1972)
FRI
Bulls Try & get 1922-1932 back
Bears want probe of 1900 area & test lower wedge line
1912-1922 = twilight zone
Gold Trends retweeted
In 1965, the minimum wage was $1.25, 5 silver quarters.
Today just the melt value of 5 silver quarters is $20.70.
It's the same silver, just a different currency.
I post this once in a while just to tick off the Fed fanbois.
coinflation.com/silver_coin_…
Gold Trends retweeted
Wow. This clip is amazing.
Powell is asked “why is 2% the inflation target?”
His answer sounds like it was written by Kamala Harris.
Gold Trends retweeted
You'll Want to Pay Attention
Saudi Arabia has entered the global mining arena with a $2.6 billion deal, taking a 10% stake in Vale SA’s base metals division.
It’s a joint venture (JV) between Saudi Arabia’s sovereign wealth fund and state mining company, Ma’aden, and will close in early 2024
This was a very smart move for the Saudi sovereign wealth fund.
The agreement allows the kingdom to reach important mining locations...
Where they extract essential metals that are crucial for the energy transition.
It’s a priority set out by the Kingdom.
Crown Prince Mohammed bin Salman’s Vision 2030 places great emphasis on the energy transition.
The mining industry is a cornerstone for the strategic metals required for the future energy transition.
Gold Trends retweeted
If you missed this yesterday you can download the charts we discussed and/or watch the interview here:
placeyourtrades.com/money-ma….
In 10 minutes at 11am ET I'll be talking with @GoldTrendsNet about the short term and long term outlook for #gold. Please join us!
placeyourtrades.com/money-ma…
Gold Trends retweeted
#Gold and #Silver did well this week! (who woulda thunk??😎) Monday at 11am ET @GoldTrendsNet will present a near term and longer term outlook for the precious metals. It's going to be sparkly and amazing. Happy weekend! You can set an alert here 👇✨
placeyourtrades.com/money-ma…
Gold Trends retweeted
Sharing this nuclear war video is the most important thing you can do to prevent nuclear war. Thank you 😘
Gold Trends retweeted
This study led by University of Central Florida found that Attention Deficit Hyperactivity Disorder symptoms manifest watching videos requiring executive brain function
[read more: buff.ly/3Dq8bgm]
[full paper: buff.ly/3NdWpvU]
Gold Trends retweeted
According to the chart, Fed balance sheet has now been reduced by $288,617,000,000 since peak in mid April of almost $9 trill (officially). Don't get distracted by the rate jawbone game and forget to pay attention to the below.
