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Price Action

Smithys Bullion - FINE GOLD AND SILVER
Kooka30

Kooka30

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Silveroo
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😲 Gold/Silver are being hammered ATM.

This maybe the move to cover shorts. Just my opinion.

But word about is that " they " are losing control of the markets ( paper shorting physical ) & need to get out of their shorts. They need the lowest price possible to get out of their short positions, to cut their losses.

This is pure speculation - but what are the real world factors that can hammer prices down ? I have no info that would point to a lower Gold/Silver price. This is manipulation at work.

These people are " all in " for billions of dollars. This is their game & they are playing to win.
 
For Gold, I think we'll probably get a push higher by weeks close. This appears to just be the bottom wick of our new candle. When new weeks start, you tend to get a bit of up and down movement before it follows the trend. It may be the same deal for silver but I think we could see a deeper correction down to $35-$34 USD.

The markets are also subject to geopolitical events, many of which I don't follow. I tend to ignore most of the daily moves and focus on a longer-term outlook. But something seems to be going on. A dump right now wouldn't be favourable because I'm looking to offload some Gold this week 😆

Screenshot_2025-07-07-21-20-26-91_a068875e8d70110f8d1ec48729c67374.jpg

Screenshot_2025-07-07-21-22-48-10_a068875e8d70110f8d1ec48729c67374.jpg
 
32 dollar silver sounds great. I havent bought anything for an eternity. Last metal i saw was gift from smithies, went to a young one. Seemed to really love it. Last year they seemed totally indifferent to silver. Must be growing up.
 
Sandy Gooch said:
I thought Basel 3 would drive it all down.
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I have given some thought to Basel III. Mmm, I just come up with - this is 1 of those unknowable's - as BIS are so secret, no info to know their true motives.
 
Reference: MarketWatch.com $ USD Gold/Silver continuous contract.

Trading Week ending 18th/July/2025

Gold - looking back over the week, it looks a bit choppy, but I think Gold ended the week on a good note. Finishing at $3,355 after hitting low's of $3,320 area, to me is a positive end to the week 😁

Silver - started the week going down from in the low $39 area, but thru the week kept pushing back above $38 to finish at $38.42, after low's around the $37.80 area, to me was a good finish to the week 😁

Just my opinions/views. Any comments will be appreciated & considered.

:cool:
 
Yes i get it. After my target was hit on the high I was expecting a major dump to about 36.50. Double bottom being 37.50 so was a little off in my calculations. Shit happens a wee bit down the road it can see the 36 getting hit then long and strong.

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Silver Soul said:
Have a stab it costs you nothing 1 step forward is a learning curve for a baby
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My Prophecies for the week 😂

Gold will chop around & finish the week around the $3350 USD mark.

Silver will be volatile, but will finish the week above $39 USD.

:unsure:
 
Mmm, it's very early in the start to the trading week, but both Gold/Silver are catching an early bid up :unsure:
 
Kooka30 said:
Mmm, it's very early in the start to the trading week, but both Gold/Silver are catching an early bid up :unsure:
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If you look at a candlestick chart, you'll notice that 99% of candles have a wick and tail (lines above and below the body of the candle). Like for example, where we are right now on the weekly candle, it doesn't really have a tail, so it's very likely this will correct to make one, or the current move up is merely it making a wick for a red candle. Something to keep in mind when looking at the price. We could go up to $38.90 and it still wouldn't be a strong indicator the price is going to climb further if there isn't a tail on the candle.

Screenshot_2025-07-21-16-05-40-95_a068875e8d70110f8d1ec48729c67374.jpg
 
Gold & Silver caught a good bid 💲 overnight ( AUS time ) & the USD took a hit at the same time :cool:

Lot's of swirling movements all over the place. I don't see any general Direction/Leadership ATM :unsure:

Just me, but I think things are swirling, just waiting for the SPARK that set of an explosion into the " Unknown " 🫣
 
A ZeroHedge article with some very interesting charts 😲 the article itself is ok, but leads into the typical spin for their newsletter.

But the interesting part is the charts included. Some nice long term chart to give some perspective on current price moves 💲

Why Silver Will Start To Outshine Gold | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com www.zerohedge.com

:cool:
 
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