Silver Is On A Tear Today

Ouch! 10 year bond jumps to over 4.50 %
That kills the upside to silver
We need some World Peace, somewhere

 

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I don't think that was the cause in yield rises.

Japanese bond yields are closing in on 3% for the 10-year. That leads to massive pressure on leveraged "Japanese Carry Trades" and global yields. We are talking about the highest yields in 35-40 years.

https://x.com/BullTheoryio/status/2074426688906133559?ref_src=twsrc^google|twcamp^serp|twgr^tweet

 

It managed to stay above $60 all day and none in the last few minutes it dropped under $60. Now that’s after six we’ll just have to wait a little bit and see what happens in the overseas market. Somehow I think it’ll be up down up down, but I think it’ll close above 60 tonight.

 

Really need Peace

 

not going to happen now

 

news lately is that Liechtenstein is going to land invade Tuvalu .. or something like that; maybe it was the other way around, or not at all. lol

We just need lower prices for US Mint sales.

 

I would love to buy but don't want to Hold!

 

what do you guys make of this ??
https://finance.yahoo.com/markets/c...ng-kong-launches-gold-clearing-191615383.html

 

Sounds like Hong Kong Phooey to me. I don't understand much of it at all. Please explain. I should have studied in Economics class instead of checking out the girls.

 

It's trying to put Hong Kong on par with London or New York.

But China (which controls Hong Kong) employs capital controls and this means that the gold flow is likely to be SELLS moving capital/gold abroad. You need gold moving IN/BUYS to have a 2-way market.

This is why reports of the death of the dollar as the global reserve currency are nonsense.

 

China is trying to use gold to gain overall control of the gold market. They want the dollar to die and that is why they keep letting the US borrow money.

 

It held above $60 until the very close last night and today it’s down to under $58.

 

Over $60.25 and climbing. Started at 7:30am just as the 10 year bond peaked at 4.596. Dropped to 4.565
Direct inverse response

 

Sure hope it holds. Climbs would be better.

 

Just like Jacob's ladder?

 

Good charts with key technical support levels in the BTIG report I posted in another thread.

 

Silver seems to have made its home around the $60 mark. I don't see that changing anytime soon.

 

Up and down and down and up. At least it’s holding around sixty but it should be higher. Silver is being manipulated at this time, both by governments and banks all over the world.

 

Why do you say it is being manipulated ? Was it being manipulated when it almost quadrupled in a year ?

Banks are heavily regulated.....what CEO is going to risk his job gambling on a precious metal when they run a bank ? The earnings addition is miniscule compared to the banks normal earnings.

Governments and Central Banks can INFLUENCE the trend but they can't maniupulate the price they get as they would crush the market if they sold or bought all at once.

 

Think globally. They bought at prices lower and are selling to get money. Sell at $60 and buy back more at a lower price later.