Afternoon everyone.....
What a way to start off the week..... I was busy running around all morning picking up some lumber before the rain started. My phone was non stop sending me alerts.
I just got back to the shop and BAM...one look at the charts and you instantly smile.
Now I usually start with gold, but I’m gonna start today with silver. Silver is up $1.01, yes that’s right. Opening bell silver was resting at $25.92. Then the thoroughbreds started out of the gate. It’s very nice to see these kind of gains, I hope they continue. Silver is currently sitting at $26.92, knocking on the door hard to break that $27 mark. We still have half of a trading day left almost, let’s see if it can break it.
Here is the 24 hour silver chart from the bullion vault. Look at that spike....
Gold by no means is running second fiddle at all. It is also pedal to the medal up nearly $25 for the day already. Sitting at $1794, it is also knocking hard on the door of the ever so close $1800 level. It is nice to see a Monday rally in both metals. Let’s see if we can continue to smash through the resistance lines and hold. Then break through the second resistance line and hold.
Here is the massive spike in the gold 24 hour chart from the bullion vault....
I really hope this is the start of a nice bull run. We have been teased and teased and teased. Maybe this time it will actually run.
Here is the current screenshot from Kitco....
Posted Using LeoFinance Beta
Maybe that 40 USD ...... no let's forget that for a while.
🤣🤣🤣
Do you think the #silversqueeze had anything to do with it?
I was just listening into the latest Maltby Marauders video and had claimed that the recent raid took off the market the equivalent of 9 Comex bars.
Posted Using LeoFinance Beta
Not even close. They were so prepared for this that wasn’t why. Yields went up by 4.7%, that’s why gold and silver moved. If it was just the squeeze silver would’ve been the only price move.
Huh!
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