After Overnight Rallies, Gold & Silver Sell-Off on COMEX Open

After 48 hours of trading darkness, the COMEX pits are open this morning.  One wouldn’t even need the press release to know, simply a glance at the gold and silver charts would suffice.
After strong gains throughout the overnight Asian and London sessions, gold and silver were hit hard exactly on the COMEX open.
Welcome back Blythe.

*Updated: Silver did indeed hold support at $32, and subsequently pop to $32.50 as predicted

Silver has been capped under $32 throughout light trading over the past 48 hours.  Expect the cartel to attempt to knock silver back under $32 during Wednesday’s session.  If silver holds at $32, it should move quickly to regain the $32.50-$33 level.

*Updated:
Silver’s move up to $32.50 after support held at $32:

 

Gold traded within a few dollars of $1710 on Monday and Tuesday, but broke out through $1720 prior to the COMEX open sell-off.  Look for gold to find support near $1715.

 

Keep in mind that today is Samhain, the elite’s highest holy day of the year, a date in which the elite take particular pleasure in harvesting the average joe’s wealth.  (MFGlobal was taken down and it’s clients were fleeced on Samhain in 2011).  Perhaps Sandy’s devastating destruction on the eve of Samhain will satisfy them for the year?

Comments

  1. Really? Silver is up $.53 cents..

  2. http://www.youtube.com/watch?feature=endscreen&NR=1&v=5JRexADhZw0  Although this is Nancy Grace. To all of us white men who purchase silver and gold or gold and silver. please watch this video. To those who aren’t white no disrespect to you at all. Just the ignorance of a few idiots in the mainstream media.

    • WOW, what an ignorant b***h.  It is interesting to see the the blacks who respond to the video stating that they are buying silver bullion. As usual, the MSW loves to promote division and racism where there is none.

    • LMAO that woman needs a lesson in Stacking, no wait a minute she knows everything. Lol Well this Old White Fart will stay at home and watch the cable channels and buy my Silver online and talk with all the Lonely White folk on the forums but that’s if I get the time from this really busy real estate market. LMAO

    • “As usual, the MSW loves to promote division and racism where there is none.”

      That’s a fact for sure.  If not for idiots like Jesse Jackson, Al Sharpton, Louis Farrakhan, and other leftist race baiters, racism would have died an ignominious death LONG ago.  I know quite a few people, mostly conservatives and libertarians, and none of them gives a flaming damn about race.  It is about as meaningful to them as the color of someone’s hair.  What IS meaningful is what is in a person’s heart, mind, and soul plus what they know and can do with what they know.

    • What makes her think of that way and where did she get those “facts”? The Asians are buying also buying physical silver so that doesn’t mean that silver is only for the white people. The way she said “silver bullion” makes me want to slap her! >:D

  3. Like Blythe said “Me so horny, me love you long time’  I think she’s talking about the suppressed silver prices.  Buy it up, buttercup

  4. Now it is way down than 32$ per ounce! The Doc was right that we should expect silver to go lower than 32$ per ounce because now, the price support is around 30.90$ per ounce. Although, my local dealers are still selling physical silver with the old price.

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