News, analysis and commentary for gold traders and investors

"Be Right - Sit Tight"

Jesse Livermore
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
GOLD MARKET WIRE...NEWS AND INFORMATION for GOLD TRADERS AND INVESTORS ....
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US Bans American Banks from Purchasing Russian Sovereign Debt
US Bans American Banks from Purchasing Russian Sovereign Debt
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*** GOLD MARKET WIRE ***
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Gold Market Wire

News, analysis and commentary for gold traders and investors

Silver Market Update

Silver Crushed by US Dollar Rally

September 29, 2021 - (Gold Market Wire) - It was always anomalous that Silver was still clinging to the 'vine' of $22.00 while the Dollar rallied...and now, that has been put right, with a resounding crash in the Metal - down over 4% on the day, and now, with little technical support beneath it. If we bounce - the wild eyed gamblers could  turn their hand to shorting; but we will sit that one out.

...a market in free fall.

Well, we have now soundly established where the speculative money has been left holding the bag - everyone's favorite trading vehicle - Silver! Gold - by contrast is a mere .27% down on the day - and that tell's you quite a lot. The public was riding on Silver as the latest 'get rich quick' scheme - and they got fried, properly.

A little more blood, and soon it will be time to buy.

Needless to say, the Dollar rally we were looking for came across - in spades. We don't think its a short-term phenomena in the least. The Euro and Sterling look ready to run down to lows that few can even imagine right now. The Dollar Bears aka - "The Dollar is Finished! Gold to the Moon!" crowd have been had - yet again.

note: Brent Crude Oil is flat on the day - in the face of a massive dollar rally. That's a tell. Oil is going higher - much higher. Over the next two months to two years.. and quite possibly beyond that horizon line for quite some time - until all that "green" energy and nukes (which take about 15-20 years to bring on-line) come to save the day.

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