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Inquiring minds want to know?
What Just Happened?
7 posts
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What Just Happened?
by amalekidad » Tue Apr 11, 2023 8:53 pm
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Inquiring minds want to know?
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Inquiring minds want to know?
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amalekidad - Penny Collector Member
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Re: What Just Happened?
by 68Camaro » Wed Apr 12, 2023 6:47 am
Not sure, but it was a) not that much - 1% for silver, b) local to pacific markets, c) affected gold as well and all PMs to some extent, and d) the peak wasn't sustained but it did raise the baseline a little bit.
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
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68Camaro - Too Busy Posting to Hoard Anything Else
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Re: What Just Happened?
by pmbug » Wed Apr 12, 2023 9:48 am
Markets are just trying to front run the Fed.
The journey of a thousand miles begins with a single step. -Lao Tzu
You can find me ranting at clouds on pmbug.com.
You can find me ranting at clouds on pmbug.com.
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pmbug - Penny Collector Member
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Re: What Just Happened?
by Lemon Thrower » Wed Apr 12, 2023 10:04 am
"There are no markets anymore, only interventions."
Ed Steer.
Ed Steer.
Lets Go Brandon!
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Lemon Thrower - Super Post Hoarder
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Re: What Just Happened?
by 68Camaro » Wed Apr 12, 2023 10:53 am
pmbug wrote:Markets are just trying to front run the Fed.
That's the right idea. Or to front run an anticipated USD change because of the Fed. Or to front run the latest monthly inflation report, which did drop the USD at 830am but that USD change didn't change PMs much (probably because the change was front run last night then moderated).
In the game of Woke, the goal posts can be moved at any moment, the penalties will apply retroactively and claims of fairness will always lose out to the perpetual right to claim offense.... Bret Stephens
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
The further a society drifts from the truth, the more it will hate those that speak it. George Orwell.
We can ignore reality, but we cannot ignore the consequences of ignoring reality. Ayn Rand.
-
68Camaro - Too Busy Posting to Hoard Anything Else
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- Location: Disney World
Re: What Just Happened?
by Cu Penny Hoarder » Wed Apr 12, 2023 12:33 pm
Go back to late 2010 and early 2011 and pull up some daily charts... you'll see some really large upward moves.
Then do the same after April 2011... some huge ugly drops all the way into mid-2013.
Then do the same after April 2011... some huge ugly drops all the way into mid-2013.
Time is precious, stop wasting it.
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Re: What Just Happened?
by Lemon Thrower » Wed Apr 12, 2023 1:38 pm
There was a guy who figured out that there was a time pattern to the manipulations.
If I recall correctly, the price would rise overnight in Asia and then get hammered as soon as the NY futures market opened.
If I recall correctly, the price would rise overnight in Asia and then get hammered as soon as the NY futures market opened.
Lets Go Brandon!
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Lemon Thrower - Super Post Hoarder
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