Predominantly US Dollar negative news all week, and Gold and Silver are both in the red for the week...so far. The spring on Gold and Silver winds tighter each day. The rat trap is set. Closes over $660 Gold and 13.24 Silver could spring the trap.
If the PPT uses "offshore" banks to buy domestic assets, are those funds counted towards Net Foreign Purchases of domestic assets? Note that December's TIC number was revised down from $15.6B to $14.3B. The January numbers certainly would explain the "new highs" in the Dow in January. Who said "funny money"?
Endeavour to perceivere...a ton of gold bricks are soon to squash these stinking rat bastids.
Silver Resistance: 13.03 / 12.68 / 13.24
Silver Support: 12.84 / 12.68 / 12.55
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Gold Resistance: 647.60 / 650.90 / 658.50
Gold Support: 644.50 / 636.30 / 624.60
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GOOD STUFF GREG...
ReplyDeleteALSO, WHAT IS GOING TO HAPPEN TO THE PM'S WHEN WE START DROPPING THE TAX SPONSORED BOMBS ON IRAN?
I WOULD HAVE THOUGHT PRIOR TO ABOUT 2 WEEKS AGO, THAT THE METALS WOULD RALLY BIG TIME...
BUT WE'LL SEE?
IT WOULD SEEM THAT WITH ALL THE BULLSHIT MARGIN BY THE FUND HOUSES AND EVERYONE ELSE, THEY NEEDED TO SELL THE YELLOW AND WHITE STUFF TO PAY FOR THEIR EQUITIES CRAPPING!
BUT I THINK A DISCONNECT, A DECOUPLING IS COMING AND REGARDLESS THE METALS RALLY AFTER A IRAN DEBACLE...
CALL UP "W" AND ASK HIM WHEN?
UNTIL THEN,
THERE IS KEN