Friday PM Posts
PM Posts |
Housekeeping: This is the PM GoldFix post combining AM emails with additional intraday posts.
Market Recap
Gold: $2743.00 up 7.00 (new ATH on the week)
Silver: 33.60 up 0.068 (new 2024 high this week)
The last 3 days in metals can be described concisely as:
Silver’s run up made someone nervous. Seeing new 12 year highs, as well as the way those highs were attained force the Comex hand1 to slow the volatility down.They announced a raise in margins on Thursday ( the day after the plummet of $35.00.. see yellow rectangle) effective Friday. That is what instigated the Silver selloff and the under-performance in the bounce afterwards.
Meanwhile Gold shook it off and continued to attract buying as the election is now the focus for everyone. Today’s buying was almost entirely US based, and did not stop for the whole day in slow orderly fashion
Morning Rundown:
Metals/Commodities:
Macro-Economics:
Geopolitics/Elections:
Founders:
Ever thought that silver was going to be globalists kriptonite 😉😉😉😍😍😍