Midnight to 6am - Overnight Spot Watchers Spot...

Shaddam IV said:
Let us know how you go and what you think of the offerings at the shop!
Click to expand...

I made the 3 hr trip today and got a good haul.

40 Silver Eagles (2 tubes) random years between 2005 -2017
1986 silver Eagle proof in a capsule
1989 silver Eagle
1878 US silver Trade Dollar ( i never buy stuff like this but i wanted just one in my life)
6- Peace dollars 1922-1926
4-Morgan dollars 1880,82 and 2-1921's
1876 Liberty Head Double Eagle $20 US gold coin

I was hoping for a big bag of Mercury Dimes but it was no dice so I went with the Eagles since premiums are so low.
The generic rounds were only about a buck cheaper per oz.
 
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Yeah gold needs to cross 27 and 2800 in the channel or get the f out.
It acts like it's hard or something. Give me a break it's peanuts.
 
Nice bump, silver's nearly at AUD $50.00 again and gold's once again over $4200.00. Did the AUD tank?
 
Having a look see at the short plays vs price and volatility....

upload_2024-12-19_18-27-49.png


IMO when the short sellers sell out of their shorts they are saying: (Chances its gonna fall from here aren't worth betting on... or: I think its profit taking time...)
When the shorts are all in they are saying (This seems like it a blow off top... or: OMG I hope it doesn't go any higher...)

But... the shorts seem to be tracking close to the ATR...

You would think... in an uptrend, the ATR would be a leading indicator to short volumes right?
because in an uptrend, volatility to the upside... greater price divergence from mean... more intuitive that it will fall...
but at each point in the ATR = ~1.0 since march...
the price has been pretty much destroying the shorts which haven't sold out even under 150,000...
short trading between 150k and 250k here...

Shorts holding since May would HAVE to be PRAYING on a return to sub 38AUD price level..
and theirs a lot of volume there if the price goes up (along with the volatility) in another wave...

I think our upside down ship has just crashed upon a shore.
 
Hmmm... Where are we going from here?
upload_2024-12-20_10-22-29.png
Purple - Green - Blue - Red - Black?
Orange?

Uptick in silver shorts at bottom of range (with held volume), prior to upset in Fed Interest rates + (rate drop + forward notice of less rate drops expected next year...)
so.. they are saying that they dont expect to be doing more that 2 more cuts next year...?

id expect that if this one was 'bought forward/not entirely expected/not baked in'. then the next one will be sooner rather than later... (expecting to be in the money, but.. not enough to give rate cuts ongoing...)
they have a lot of shorting to cover if they are short and have hands on rate influence.
IMO... if its not black or red... or something orange.. then we will see shorts increase pushing the price down (get that ATR back up to about 1.4 and suppresssing the price) then they will try to cover at a cheaper price... force a downtrend and then try to promote dollar interest rates as an upside for USD and currencies in general.

Aussie dollar tanked...
us rate cut probably bodes well for rate cuts for us in Feb. At the expense of lower AUD over Christmas holiday period. expect US holiday makers taking that long awaited overseas trip..
 
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US banks are pumping $$$$ to USD, thus spots hv tanked…also, spot traders are cashing out to close their yr book and wait for TRUMP takeover to see if he really can make ‘peace’ happen everywhere…’1 day turnaround’ as TRuMP says…which I don’t think this will happen…thus, everyone will be buying metals again in FEB…

so….

BUY……BUY…..BUY!!!
 
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