Silver, BTC on a Roll ~ What's Happening With Gold?steemCreated with Sketch.

in steemsilvergold •  8 years ago 

Both silver and BTC are spiking up this morning, but gold is curiously lagging. 

Silver:

Cryptos:

Gold:

Gold is still testing its downward trendline - perhaps a breakout will follow?

Ideas?

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no clue...seems like things have quited down for the moment

It almost began to look like the expected "beatdown" right after I posted that. Wonder when JP Morgan will run outta money covering their naked shorts?

I have not checked spot for silver the last few weeks. I just had a check and nothing special there. What jump?

I picked up a 10-Oz bar last week @ spot, and the spot price keeps inching up since then. So far I'm ahead on THAT buy. But whatever the manipulated action, I buy goin' UP or DOWN and average it all out in the end. If it keeps it up and breaks the $17.40 resistance, and then the downtrend, I'll be a happy camper to see if it breaches $18.60. It's gonna happen SOME day!

You have no idea how crap it is when i hear about you getting silver @spot. Maybe i would stack more bars i were from the states. I too buy all the time so its avg's out nicely for me. The price will shoot someday for sure,its just when. Can they drag this ponzi forever? are the rest of our lifetimes maybe?

I deduced you were from the UK with your handle. That sucks there's such a price difference with the exchange. But between the LIBOR & COMEX price-fixings, I suppose th' "Playas" on both sides of the pond are screwin' each of us. I figure the ponzi will end when the crypros make their shenanigans irrelevant with their end-around the establishment. Remains to be seen how many of THOSE crypto small-timers survive suicides-by-gunshot-to-th'-back-of-th'head. Here's hopin' JPMorgan will go bust naked shorting first.

I upvoted that post. I like your charts & your "Midas Touch Gold Model". Great information!