Silver

[sumdumguy]

Kevin Warsh, new proposed leader to federal reserve apparently caused the fall in precious metal prices in recent month. Kevin believes in free market interest rates and blames printed money on inflation. That would mean a lid would be dropped on inflation using monetary policy. So investors clamouring to buy gold and silver as a hedge against inflation backed off.

So goes the story on Fox News.

[errolanderson]

Technical lines for consideration . . . .

Silver in-recovery after Friday’s crash testing key support at $70 per oz. Bounces tend to recover 50% to 66% of the crash before failing once again. Classic commodities. Heavy resistance may be around $95 per oz.

If silver plunges again breaking $70, then next key support may approach $55 per oz. Volatile to say the least. Silver prices have topped (IMO) as crash of this magnitude for any commodity, rarely recovers. My two-bits . . . .

[agstar77]

Looks like bitcoin is crashing. Is the game over?

[fjlip]

Kevin Warsh, new proposed leader to federal reserve apparently caused the fall in precious metal prices in recent month. Kevin believes in free market interest rates and blames printed money on inflation. That would mean a lid would be dropped on inflation using monetary policy. So investors clamouring to buy gold and silver as a hedge against inflation backed off.

So goes the story on Fox News.

Carnage is the ONLY guy applauding his appointment...hmmm what to make of that?

[errolanderson]

Looks like bitcoin is crashing. Is the game over?

Japan bond market demise is hammering cryptos . . . . Bond yields are at historic highs meaning days of the cheap Yen fueling U.S. liquidity in markets is over. The U.S. has been feeding off the Yen carry trade for years to prop-up their markets. Now the free money is drying up. Cryptos are in-the-crosshairs and desperately need liquidity.

Not sure that any of these internet drum-banging crypto promoters have any clue how Japan's situation is basically financing U.S. debt. This game is over . . . .

[agstar77]

Bitcoin breaking down. Everyone looking for a chair.

[shtferbrains]

Miners looking ragged for a variety or reasons.
But Uranium miners and SMR's are worse than gold miners?

[errolanderson]

Something BIG broke today. Was it a bank or a major hedge fund? We will find out soon.

[agstar77]

Next shoe is the stock index. Probably a 10 to 20% haircut.

[TASFarms]

Probably find out Friday afternoon