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Was not expecting this for sure. Metals' producers have been actively supporting the market, but speculative liquidation the last 2 days just overwhelmed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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Was not expecting this for sure. Metals' producers have been actively supporting the market, but speculative liquidation the last 2 days just overwhelmed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/
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| Was not expecting this for sure. Metals' producers have been actively supporting the market, but speculative liquidation the last 2 days just overwhelmed. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ |
The System Fairy has Silver in a Rear Naked Choke. Silver tapping out!
Stay calm but tapping is sometimes the right thing to do if your arm is going to break….1640 likely trades now, 1820 was rock solid resistance, so it's even money from 1730, but the probability is heavily skewed for a move lower so feel have to be tap and get flat or be short. NEM is confirming move lower still coming. Combo of Basel, Rates, Dollar, Taper, blah blah. The banks are probably leaving the metals pit as well so liquidity is diminished.
if you like physical start getting into platinum. good point to start a position and if drops more keep buying.
Impeccable information! Nice haircut btw!
Mike, thank you for your market wisdom! Your Brazilian Jiu-Jitsu analogy is spot on. The gold and silver 20,000 plus smackdown Sunday night seemed unusual given the dollar didn't move much. Almost as though someone wanted to cover shorts, buy in cheaper by trigger stops. It does take mental toughness by not giving into the emotion of the price drop.
Does the mega 1000oz contract for silver have any significant impact on these markets
Wheat looks like a screaming buy
Since gold/silver/ precious metals is a global commodity what happens in the U.S. markets wouldn't that indicate a global situation? I'm thinking the political unrest overseas has a play in this.
don't worry Mike, looks like the bottom is in. 1675 is a solid floor. Gold could drift a bit lower before going back up.
BJJ purple belt here. I was down 50% on my long bond position back before rates finally began falling again. It was far scarier than any joint lock or chokehold I’ve been in ?
Ok…this is how it goes. If you believe the virus was planned to cover up a looming financial crisis….your short metals. If your an idiot who believes it’s not planned- your long gold and your gonna get what you deserve for being naive and uninformed. Follow the bread crumbs because it’s been pretty obvious to anyone not walking around with there head down
Mike, the market has been telling you it’s a plandemic….it’s telling you now.
Much ado about nothing, regarding the move in gold & silver!
Fresh cut
I don't use sophisticated models to predict the price of silver. However, it is a steal when the price of silver goes below $20 per ounce.
Why don't you call it manipulation? Why would anybody liquidate so much in the most illiquid time?
But I want straight line waxing profits on my asset bets
Silver getting hammered against all odds and fundamental reasoning? Who would have seen that coming? Lol
Great MMT Report Mike! You're the best!
Looks like you just got out, or are on your way to prison Mike. haha