Gold & Silver Slammed
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- Опубліковано 6 чер 2024
- Precious Metals were slammed on Friday. Gold lost over 3% while Silver lost nearly 7% and the miners were down ~7%.
We evaluate the recent action and the key support levels and downside targets for Gold, Silver & GDX, GDXJ, and SILJ.
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today is great for gold and silver investors, gold and silver are on sale now compared to earlier this week
If you're all in, sales are no longer good. I could use fewer of these sales. Just a different perspective, I suppose.
Some of my miners went down less than the metals, which is always good to see.
95 % were down over 3% !
‘Some’ is the operative word. Sure some of mine were down less than the metal. But 90% were down double, triple or more. Which makes zero sense. Other than it proves the lack of real interest in miners.
Time to Buy. Thanks Jordan!
China stopped buying which may explain the sell off, June also is usually the worst month for metals
I believe the East buyers are far smarter then people think. They going to keep buying as much physical as possible at low prices and try their best not to run the prices up. Eventually supply and demand will kick in.
IMHO
Exactly, they already pushed the prices way up. From 1850- 2450 in golds case. They'll probably lay off for a bit and start buying again after a correction. Maybe around 2200.
More dips to buy for me
I will continue to be buying silver miners gold miners and covered call etfs and bank roll
Very reassuring to know that you are on the ball when big moves happen. Thanks for this.
Jordan the warden
Thanks Jordan!
For silver $26 is the .50% fib retracement from the October low where this move started, so while harsh its a reasonable correction.
Not so much for those of us that tried to trade thursday's breakout however lol - we got crushed ;)
I could see $26 and maybe even a over sell to $24.50,I would buy a lot then.
@@buyystocks yep, loading up on calls at that point!
Another big brain, Gareth Soloway, also suggested $2,250 support level for gold. Grateful for another great video.
Will PBC continue to buy?
Thanks Jordan
Will PBoC continue to buy?
This is f. This is just cooling off is it? Why weren't we all warned not to increase our exposure . Interesting that precious metals get slammed when bond yields rise, but stocks barely affected. I thought rising bond yields were not good for stocks either. WTF havent they been slammed too. Something very wrong here.
Prices of Gold and Silver have nothing to do with demand and supply, it is paper trading of some banks
Not
Gold and silver are not cooling off, just the manipulation with paper silver and gold are heating up.
Why don't we call it market manipulation, will save a lot Hassel!
The way to beat the metals markets in the short term is trade them. Keep your core for the long term and set aside some for trading.
I’m in some great buying opportunities, go for the dips…
If someone shorts silver then there is a buyer the other side of the trade so why does the price go down ?
There is a buyer but at a lower price.
So much for all time high in gold and silver. precious metals? more like precious junk. Bitcoin is where it is at or Nvidia. Bagholders united if looking into gold, silver, or mining stocks, very definition of a falling knife in the stock market
Complete lack of understanding of what just took place.
Bitcoin is digital banker crap, hand me one so I can inspect it.
SILVER AND XRP WOLL MELT FACES AND STOCK MARKET IS A BUBBLE
Jordan is batting 1000 with his metals predictions.
Nothing can STOP with metals ,
$1850.00 is a gap. VOLATILITY
Noooooo??? 🤔
So they sold Gold and silver in the paper futures market to do what? Get more inflated dollars ? LOL
If they can buy it back for 2200 / 26 yes
No gold was moved, just leased paper contracts back and forth to crush price. It is legalized fraud. The bankers created the framework to rig every market in existence.
If It Was So Obvious Why Did You Not Say To Sell 3 Weeks Ago ?
It's interesting that you put all of your analysis on Tech. Charts and disregaurd other inputs into the price action of Gold and Silver ! Such as : In this groundbreaking announcement, Saudi Arabia declared they will NO LONGER ACCEPT U.S. DOLLARS for oil sales starting JUNE 9, 2024 ! Now wouldn't that cause a problem with U.S.D. and thus impact the Gold /Silver priced in U.S.D. ???
I want to show the bankers my rope collection!
Bankster necktie!!
Sir silver will go down,,fed will cut rate on June 12,,silver $27 it will come down.
le papier ne vaut rien !!
👉👉Despiration👈👈
Yeah, stackers are getting desperate all right. It's been 13 years since silver did anything. It's like being out of breath 50 feet under water with no way to the surface.
Chen Lin is calling for $60.00 silver in June …
It’s June .
I’m getting “ concerned “ that I may have made the wrong bet .
@@jakobausterlitz8102 The truth has been out about the banks metals rigging for a long time, but people won't take in the information. There is nothing to be confused about. ua-cam.com/video/zwxuC3muOeY/v-deo.html
Don't give advice if you can't be more accurate.
Like he said in the video he has been looking at gold $2240 for about a month. The recent price action is not that surprising
I don't give advice. I make observations on this channel and assess probabilities. Nothing here is investment advice. No one can predict the future.
@@TheDailyGold We can predict that the markets will continue to be rigged by the bankers who want price suppressed. We can predict that metals channels will avoid this topic like the plague. We can predict that because of this, there will be no truth available on these metals channels, except for gracious people like myself, who are as easy to find as a needle in a haystack. So there is that.
@@TheDailyGoldI could never work with retail. I don’t know how you do it.
@@danijelsan81 I don't work "with" retail per se but I do provide a retail audience with informational & educational material and explain why I buy/sell certain things. I have no hard feelings towards these types. I just hope I can add some value for them.