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Thread: The usual suspects have seriously beaten down PMs...

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    Militant Wing of the Salvation Army midnight rambler's Avatar
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    The usual suspects have seriously beaten down PMs...

    WTF are they up to?
    "A man is to be held accountable for the thoughts he chooses to entertain." --Richard Alan Miller

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    Great Value Carrots
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    Re: The usual suspects have seriously beaten down PMs...

    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
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    Militant Wing of the Salvation Army midnight rambler's Avatar
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    Re: The usual suspects have seriously beaten down PMs...

    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/
    "A man is to be held accountable for the thoughts he chooses to entertain." --Richard Alan Miller

    "If both the past and the external world exist only in the mind, and if the mind itself is controllable-what then?" --George Orwell

    "It's not a matter of what is true (reality) that counts but a matter of what is perceived to be true (reality)." --Henry Kissinger

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