Gold spot below $4000!

[MaxGravy]

new all time high ATH for gold. Silver at $34 handle highest since 2011.

Then of course we get the obligatory 8-11am smash down. You could make a fortune shorting PMs at that time.

Welcome to the club.

[68Camaro]

The pounding of gold and silver continues, gold drops below $4100, and at one point almost left the 4 handle entirely. It has gotten back over $4100, but is currently below that line.

[Cu Penny Hoarder]

The pounding of gold and silver continues, gold drops below $4100, and at one point almost left the 4 handle entirely. It has gotten back over $4100, but is currently below that line.

Remember the 1987 stock market crash? Look at it on a monthly chart and it looks like a tiny blip now. This is what this PM dip will look like a few years from now.

[68Camaro]

The pounding of gold and silver continues, gold drops below $4100, and at one point almost left the 4 handle entirely. It has gotten back over $4100, but is currently below that line.

Remember the 1987 stock market crash? Look at it on a monthly chart and it looks like a tiny blip now. This is what this PM dip will look like a few years from now.

True that, but I'll note that it was possible to exit the market before the crash and re-enter after the crash, and do very well. Not that I'm promoting doing that with physical, and if you do it with etfs you can get pounded, but if you are able to buy low, sell high, and repeat, it is possible to make a lot of money fast. I did that in 2011, for awhile, until they pulled the chair out from under me as I got greedy and doubled down twice during drops - trouble was it took 14 years for the next rise!

[thecrazyone]

I don't get how this was rising DAILY, but now ppl are like "oh the world looks ok now, nevermind" lol

[Cu Penny Hoarder]

I don't get how this was rising DAILY, but now ppl are like "oh the world looks ok now, nevermind" lol

PM prices have been manipulated/suppressed for the last couple of decades via the paper market. This is what happened the other day... a deliberate take down of the prices by selling 1000's of contracts (in a very short period of time) into the market to knock the prices down. Even though silver fell almost $7 over three days, these contract dumps are not working as well as they used to (i.e. 2011).

[MaxGravy]

This was posted a few days ago on BS. I didn't watch it but I asked Grok for a summary.

tldr: Banksters!



Grok:

According to the video "BREAKING! Someone BIG is CRASHING GOLD & SILVER Prices (here's who)" featuring an interview with precious metals expert Don Durrett, the sharp sell-off in gold and silver prices on October 21, 2025 (with gold dropping ~5.7% to $4,170 and silver ~8.3% to $48 on the spot market) is being artificially driven by **"banksters"**—a term Durrett uses to refer to large Western financial institutions and manipulators in the New York financial system.

He attributes the crash to their deployment of massive liquidity and "hot money" (around $12 trillion in foreign-influenced funds tied to the stock market, where New York controls ~60% of the flows) to push prices down overnight and during New York trading hours, creating a "fake out" or temporary correction disconnected from underlying bull market fundamentals like Eastern central bank buying (e.g., in Shanghai).

Durrett contrasts this with non-US central banks as major accumulators, calling the US Fed and New York players "hilarious" for selling against real demand, and frames it as part of broader Western efforts to suppress precious metals amid geopolitical shifts.

[68Camaro]

Back above the line

[68Camaro]

And fortunately I stalled on a subject edit long enough that it is still above the line, barely.

[68Camaro]

I had started a post yesterday, had it mostly done when I got pulled away and lost it, so here's another attempt.

I found a Seeking Alpha post on Friday that is worth reading. It's a technical analysis of the status of PMs. Now, I'm not so much a supporter of TA that I'll use it for the basis of day trading, as some appear to do, but when you pull back a bit and look at a larger aperture over a longer time, I think there is something to it that captures some difficult to express elements of human behavior.

This writer said he had predicted by TA the recent PM pull back, and says that TA says that the pull-back is almost done, and that TA says the bull market is just starting. His charts make sense. Not that there can't be additional pull-backs and reset in a bull-market, but he believes (until TA predictors say otherwise) that there are many years left of the PM bull market, and he see's gold doubling again, and perhaps again, to well over 10,000, perhaps 15,000. He had similar beliefs about the TA for silver, platinum and palladium, says they are all four trending in the same direction, though some are closer to the bottom than others.

I'm not sure if they will still let you read a one-off for free, but you can get a free 30-day subscription if you want to read it

https://seekingalpha.com/article/483193 ... l-analysis

[Recyclersteve]

I don't get how this was rising DAILY, but now ppl are like "oh the world looks ok now, nevermind" lol

As it was rising daily it was rapidly becoming overbought and a pretty obvious target for aggressive short sellers. On Thursday the 16th I posted on this site about SLV being a whopping 26% above the 50 day moving average, something that almost never happens. Thankfully I cashed out during market hours that day. It was a fantastic trade and I’ve just been nibbling for a quick few hundred dollars here and there since then.

It is definitely NOT a screaming buy now like it was around Labor Day.

I won’t hesitate to speak up should I see opportunities again.

[Cu Penny Hoarder]

I don't get how this was rising DAILY, but now ppl are like "oh the world looks ok now, nevermind" lol

As it was rising daily it was rapidly becoming overbought and a pretty obvious target for aggressive short sellers. On Thursday the 16th I posted on this site about SLV being a whopping 26% above the 50 day moving average, something that almost never happens. Thankfully I cashed out during market hours that day. It was a fantastic trade and I’ve just been nibbling for a quick few hundred dollars here and there since then.

What about these AI and chip stocks?

[Lemon Thrower]

Heard an interesting theory by Tom Lee of Fundstrat. He notes that stable coin issuers 1. really got going in july, 2. are over-collateralized, 3. gold really began to take off in July, and 4. therefore stablecoin issuers may be buying gold. If true, its a new, large, permanent bid for gold.

[68Camaro]

Now bouncing above and below the $4000 line. Roughly a 10% correction from the peak so far.

[Lemon Thrower]

below 3900

[68Camaro]

Yeah, new recent lows for both gold (which more or less bounced off of 3900) and silver (which bounced off 45.5). That makes for roughly 14% correction for gold, and 16% for silver. Bottom, or more to go?