Final Capitulation!
Parabolic moves always end in capitulation. Is it possible to go even further into this panic selling which now seems to feed itself, with long-term investors capitulating?
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Parabolic moves always end in capitulation. Is it possible to go even further into this panic selling which now seems to feed itself, with long-term investors capitulating?
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Gold holdings fell 0.54 m/oz for the week whilst silver holdings rose 2.4 m/oz.
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It appears that the PM's put in a cyclical bottom today which if it is the case then we now have a tripple bottom in place for gold - a rare event.
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US Mint bullion gold and silver coin sales surge in September
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Dan Popescu exclusive interview with Gary Christenson about the gold prices in 3 waves, silver is inexpensive, the USA gold & the role of china in the market
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As expected, immediately following its Wednesday speech, the Fed went on with its market regulating policy in order to send positive signals to the markets and to maintain the trust of investors.
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Russia adds another 300,000 oz. (9.3 tonnes) of gold to its reserves in August.
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Gold/Silver Ratio is back to new highs not seen since 2010
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I think we have all seen this series of attacks on gold and silver on the COMEX, but also outside of it, in London and Hong Kong, as has been the case for every gold price control operation since 2013.
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It seems that it is not the death of gold and silver as money that will happen, but rather the death of fiat money. For more than 2,000 years, gold and silver have been used as money under different forms and have outlived any other form of currency.
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