The usual suspects have seriously beaten down PMs...

[midnight rambler]

WTF are they up to?

[keehah]

1 Euro = 1.04 US Dollar

Been 20 years since the Euro was this close to par with or lower than the US dollar.

As for silver, perhaps the market is expecting Jerome Powell to raise rates another 0.25 or 0.5% after the consumer price index rose another 1% or so. lol

[midnight rambler]

There was a hard beatdown of PMs at 9:10 this morning, moving in tandem simultaneously to such an extent is very interesting. My best guess is that this manipulation was in advance of an anticipated breakout tied to geopolitics/world trade/economics -

https://www.jmbullion.com/charts/gold-price/

[midnight rambler]

Wow. I cannot believe what the usual suspects have been able to do to PMs. Incredible beat down. I can't help but think they're preparing for PMs to break out, ultimately. You can see they often beat down both Au and Ag at the very same time.

[osoab]

Wow. I cannot believe what the usual suspects have been able to do to PMs. Incredible beat down. I can't help but think they're preparing for PMs to break out, ultimately. You can see they often beat down both Au and Ag at the very same time.

It's been a fire sale among many of the commodities. Look at corn and beans. Metals are always sold off first for margin calls.