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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 😆

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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.

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