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Yes, looks like the Iranians managed to hit their own ship. If anyone, Winnie the Pooh will be displeased. Winning.
Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
Yes, looks like the Iranians managed to hit their own ship. If anyone, Winnie the Pooh will be displeased. Winning.
Markets open. Liftoff!
Silver taking the backseat here as gold jumps and holds above $5,300.
Unlike prior start of week "gap ups" that have occured. This morning in silver we saw an almost immediate retracement and test of trading within the gap. Topping and bottoming out within the existing trading range.
Trading range activiy like this triggers a lot of automated trading patterns... reach a top... automatic sell... reach a bottom, automatic buy.
Reinforcing adherance to patterns; a lot of accumulation being done at prices below fridays close, and not in the spike up in initial trade.
(when not a lot of people buy it up, with small stop losses. not a lot of shorting it takes to knock them back down. when momentum is downward and the bottom of channel longer shorts are hit, the bigger players buy it up. NOT often done in previous weeks GAP UPs that have been week/month long patterns to be taken out)
Im betting, a lot of longs with "stop losses" that were just too tastey not to knockout/pickup before potentially moving higher.
The very early retracement back to almost the bottom, also a sign of very small stop losses on initial trades, possibly also trades with trailing stop losses based on ADX or STD dev.
Its like predicting investor sentiment for free... if you see speculative demand (going long with very tight stop losses.) and the price moves up..
You dont need to front run. You just short them all out.. .and they are forced to sell, before you place the orders at the bottom.
Much of dumb day trading is losing money on stops to "protect yourself" and very little is long term investment commitment.
Its this accumulation below the breakout tho.. thats a bullish indicator mid term and a very bad omen if its longs that are leveraged to dump out when risk turns off.
That very short H&S is also now completed. (blue neckline)
Silver might lag for a bit before following gold is what im thinking at this stage.
Unlike prior start of week "gap ups" that have occured. This morning in silver we saw an almost immediate retracement and test of trading within the gap. Topping and bottoming out within the existing trading range.
Trading range activiy like this triggers a lot of automated trading patterns... reach a top... automatic sell... reach a bottom, automatic buy.
Reinforcing adherance to patterns; a lot of accumulation being done at prices below fridays close, and not in the spike up in initial trade.
(when not a lot of people buy it up, with small stop losses. not a lot of shorting it takes to knock them back down. when momentum is downward and the bottom of channel longer shorts are hit, the bigger players buy it up. NOT often done in previous weeks GAP UPs that have been week/month long patterns to be taken out)
Im betting, a lot of longs with "stop losses" that were just too tastey not to knockout/pickup before potentially moving higher.
The very early retracement back to almost the bottom, also a sign of very small stop losses on initial trades, possibly also trades with trailing stop losses based on ADX or STD dev.
Its like predicting investor sentiment for free... if you see speculative demand (going long with very tight stop losses.) and the price moves up..
You dont need to front run. You just short them all out.. .and they are forced to sell, before you place the orders at the bottom.
Much of dumb day trading is losing money on stops to "protect yourself" and very little is long term investment commitment.
Its this accumulation below the breakout tho.. thats a bullish indicator mid term and a very bad omen if its longs that are leveraged to dump out when risk turns off.
That very short H&S is also now completed. (blue neckline)
Silver might lag for a bit before following gold is what im thinking at this stage.
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Good heavens, it's Monday night and there is no silver to be purchased from Perth Mint. Every silver product says "Bullion buying closed". The Perth Mint has no silver to sell? Do they have information that makes them think that the spot price is about to move?
Perth mint haven't been taking new silver bullion orders for a couple of weeks now.
Latest notices | The Perth Mint
The Perth Mint may change opening times and delivery time estimates at short notice. Check latest notices
They're still selling gold but bullion buying is closed today presumably due to labour day holiday in WA today.
Otherwise their online bullion trading hours are 7:30am to midnight mon-fri.
Bullion trading hours | The Perth Mint
When can I trade bullion at The Perth Mint? Find out The Perth Mint's trading hours now.
it will be exciting to see the 2026 mintage numbers for sizes such as the 2oz and 5oz
I’ve always been a fan of 2oz and 5oz, they are a real sweet spot size.
Why does this always happen though? and it does ...
You speak as if it's cyclical? and it is ...
Asking for a embarrassed Anglo Saxon friend of mine ...
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Real estate property around here has been dropping consistently so Im thinking I should buy some more land this summer. At least I could make some offers and see what happens.
I like the undeveloped raw land and the patented mining claims.
Two acres for $5500 or one little gold coin?
Maybe a good time to switch strategies and diversify a little?
I like the undeveloped raw land and the patented mining claims.
Two acres for $5500 or one little gold coin?
Maybe a good time to switch strategies and diversify a little?
Depends where your land is - if you're in area 51 or somewhere you dont need to mine uranium because its glowing out of your skin then go for the land its only upside from there!
Not Area 51 haha.
Hoping for Saguache County Colorado and a patented gold claim minimum of 10 acres.
Ive also seen a few interesting ones near Cripple Creek.
Still a little high priced for my liking tho.
Hoping for Saguache County Colorado and a patented gold claim minimum of 10 acres.
Ive also seen a few interesting ones near Cripple Creek.
Still a little high priced for my liking tho.