Gold & Silver Cooling Off Before Summer
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- Опубліковано 30 тра 2024
- Gold and Silver closed May making new monthly all-time highs but appear to be cooling off before the summer. The path of least resistance for Gold, Silver and the miners over the next week to two weeks looks to be lower.
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Solid analysis. I'll get back in at the bottom of the correction. We keep monitoring.
I am holding all my positions now. These metals markets are going much higher over the longer term. Anyone trying to be too cute here and "trade" will likely miss out on the bigger moves. END THE FED. Gold IS money.
Gold is GOD’s money. HE just loans it to you to use. 😊
You don't know shit. Stop pretending you do.
this last week was typical comex end of the month rigging the price of silver down to limit the amount of damage due to shorts. The whole world knows this now and I expect silver will react the same way as it did at the start of this month and blow through 35 dollars up to 40. The Comex is done.
Exactly right and each time they do that, grab another kilo add it to your stack
The summer will finish hot.
Thanks Jordan
Looking forward to your update with Vince The Dark Prince of Metals next week
Will be posted Sunday evening.
Solid, sober methodical analysis ...
I like your work, great video! Miners: Stay long! 💥
Thank you Sir!
Thank you, Jordan. Always enjoy you concise market analysis videos. Consider your work the best in the business for PMs. Really appreciate how you've upped your game on these putting yourself out there. It always helps believability to see faces, virtual or otherwise.
Thank you for the kind words Eric!
we need to start TAKING THE SHANGHAI GOLD EXCHANGE ARBITRAGE as being more realistic to the sunset crimex price
EXACTLY !
Yes I've noticed the Shanghai value is approximately equal to the physical purchase price in the USA
It’s $3.00 to $4.00 per ounce higher on physical silver
at last someone who tells it as it is and does not over inflate the price and future of gold. Gold is for the longer term, those wanting to take quick easy profits may, but these people are not true gold believers for the longer term.
I cant believe that we even get to still afford silver. I'm buying buying❤
I'm buying up to $38 and let it ride.
@@jes1375 you can't focus on the nominal figure. GSR I'd what you watch. Sub 45 and I start to convert into gold
@shadowbanned4days Mike Tyson says everybody has a plan until they get punched in the face. We'll be saying,
I had a plan until my country collapsed. It may or may not, but ugly is ahead.
The FACTS are the FACTS . This metal in its FOURTH YEAR physical deficit .
In a manipulated market - these charts are facts - but to try and predict the future ; I’m going by what’s happening today …
Thanks for the update, very helpful.
IMHO....Supply and world demand will dominate
EXACTLY !
Thank you Jordan for being unbiased.
Of course!
Thank you I appreciate your videos they are very helpful.
Thank you Sir!
thanks for the update
You bet
China will buy up silver if there is a correction in silver.
Causing additional supply pressure.
Pull backs will be shallow and likely short term.
Technically you are correct ,but at this point in time ,fundamentals should also be considered.
Thank you .
Great breakdown, thanks.
Very welcome
Thanks Jordan.
Thanks as always Jordan 👍🏻
My pleasure!
As far as corrections go, this one is pretty tame.
Not tame anymore
@@TheCJUN the bull is bucking hard.
Hi silver rich monthly target
Good news for us stackers 🎉🎉
King world news reported that European investors can't buy Sprott physical physical gold and silver closed end funds. Only selling permitted. GLD and SLV can be bought. They say new EU regulations. They reported that one of their readers in Norway tried to buy Sprott funds and was told due to EU regulations only sell orders will be accepted on these funds.
EU does not include all of Europe, so incorrect to suggest European investors covered by EU regulations.
@brianwest7344 Norway follows EU rules although not part of the community.will be Interesing to see if other people have experienced this. The EU is an important block, so if it is true what has been reported, what's behind it?
@@holaclive I live in Norway and experienced the same, not allowed to buy only sell sprott funds.
@@brianwest7344 I live in Norway and experienced the same, not allowed to buy only sell sprott funds.
@@rogerhagen9461 They must be desperate to do this.
I pay a lot of attention to indicator relative strength. Notice the silver daily chart stochastics are refusing to drop in the crash the past few days. This indicates to me silver will hold 30. If you look back the stochastics almost always drop on similiar price breaks. Gold and Gdx stochastics are oversold and silver are still overbought.
Crash hadn't started yet which will happen over the next 2 weeks.
you make it sound so easy to buy 'expected' dips... we'll see!
Its always tough!
Precious metals bull markets are like a ratchet relax don't put any torque on it while they're going down start over again and apply some more torque
Many fund managers rebalance the portfolio in January-february and so would have missed out on the April May moves. Now that the PM price has consolidated I think that many will hold firm until H1 results are out in early July. Then they will repivot away from technology like Drunken Miller (hic) towards the PM miners before the herd stampeed in September.
Have my limit orders in for an additional tranche of miners alongside my Sprott Pslv ETF physical stash.
Today - Michael Burry just bought into millions in gold !!!
should i sell ETF on Monday and buy back when the correction is over?
I would not. That is very difficult to do successfully.
@@TheDailyGold got it，thanks.
Jordan, what happened to Silver going right to $50.03 days ago? Honestly honestly, what good are your videos if you vacillate and change your mind every four days
The context was Silver could run to $50 without a major correction, based on the history I showed. It has a tendency to run hot. Silver correcting from $33 to $28-$29 does not change that analysis in any way. The $50 target is not a target for next week, next month or next quarter and I never implied as much.
Can GDXU be held for 6 months, let’s say?
Maybe if it is a tiny position. It is basically a call option.
@@TheDailyGold So, it is not shrinking constantly like BOIL or UVXY, right?
@@TheDailyGold I was just watching your video, btw.
Responding to the title…
No. It is not.
comex manipule !! le gold devrait etre a 75000 $ l once mais l economie papier serai morte ... 😂
Jordan is always flipping 🥱
Are we going to test 2000 again over the summer doldrums? Makes no difference in the medium or long-term and would be good buying opportunity.
Not even - the “ big guns “ like Michael Burry this morning and Mr . Drunkenmiller last month are selling their tech overbought stocks and loading up on physical gold .
Silver to do well Video a few days ago, now Silver cooling Off, what nonsense
Its doing very well, you must be a newbie 😂
It can still do very well while cooling off for a few weeks.
Weeks ? My sources say 3-7 year commodity bull market is JUST starting in 2024 . This is a SUPERCYCLE according to economic experts not in the selling of gold/silver …
Gold bugs suffer from paranoia and overconfidence at the same time… A tragic combination for many
good joke jordan says 50 in june in one video, now bearish does he have a clue??? just courious
I never said 50 in June. That may have been someone else.
Someone had an interview on Kitco about $50 in June. Not Jordan though.
Chen Lin .
$50.00 strong possibility .
He is an insider to mainland China and his sources tell him
( he runs a private family fund ) that this new and latest generation solar panel manufacturing in China are far more efficient BUT REQUIRE more physical silver . The great proof is the recent MASSIVE purchase in India , and its government solar farms that they JUST GOT STARTED to vamp up for future green photovoltaic demand …
@@danielraycre Thank you Daniel for providing that info!