gold pricing.

[Lowdown3]

Pop the cork boys, looks like that 1993 prediction by the precious metals industry will finally come true, even if 33 years late!

• Gold
  
  $4,638.70$34.60 0.75%
• Silver
  
  $92.66$5.01 5.66%

[rockriver]

concern...
last night 2:00 - 2:30 a.m. i couldn't sleep. came to computer. youtubes, games. websites.
checked silver. sd bullion showed silver at 88. something... shock....
then shortly climbing up 89.++
right now showing 90.37 down 3.29..... i'm not sure when they restarted the clock... xx- and/or xx+ ??


i saw the same thing happen a month or so ago... i thought i had posted it on this site.. couldn't find the post?

having seen this happen in the middle of the night twice...
my suspicion.
big silver buyers/sellers (banks, gillionaires, brokerages?)
were holding futures contracts where they were losing big $$ (i don't understand futures contracts. if someone wants to explain in detail i'd appreciate it!)
then in the middle of the night when most traders are asleep and off work, they .coordinate buying or coordinate selling at high prices or low prices.
this coordinated effort when decent folks have gone home, is enough to shove the price of silver. then... once they've moved the price down,
they can jump in and buy enough contracts at the lower pricing to help offset their losers and save them gillions of dollars.

i think it worked, but this a.m as the business world wakes up in london and new york, the underlying forces that are forcing silver up resume the upward push.

my conspiracy tendencies at work !!

edited to add.... after typing the above i checked again... silver 88.68 !!

[Lowdown3]

Ironic given the source... but here's an old article about "manipulation" in silver prices-

https://www.jpost.com/business-and-innovation/precious-metals/article-841644

$100. spot is likely a psychological spot for a lot of folks. If there is manipulation it's likely to keep it under that for a while so big banks can sell before it hits (some) of the common folks that is a crazy run and MAY not continue.

I'm reminded of the many dunskies I know that bought chipboard McMansions in Florida that told me how "prices always go up on houses" not long before Housing Bubble 1.0.
I wonder how many semi-normal types have jumped on the precious metals bandwagon? Kinda like the "oh da noes there is a hurricane coming buy a generator" and then months later sell said generator at a loss..