In a slight alteration to the recent algo pattern of hammering the metals on the daily COMEX open, gold and silver were sold down hard on Friday’s London open, and have subsequently made strong vertical moves to the upside on the COMEX open.
Silver was hammered to a $27 handle overnight, with gold trading nearly back to $1560, but silver has shot nearly $1 higher to $29.89 on the COMEX open, and gold nearly $30 higher to $1588.
Can’t allow the price to remain at deep discounts for stackers over the weekend, now can we?
2013 Gold Maples As Low As $57.99 Over Spot At SDBullion.com!
Capitulation bottom in silver near $27.90? Moving strongly off the level in early COMEX trading:
Silver needs to place a weekly close above $28.50 to prevent a further continuation of the current decline early next week.
Gold did not quite reach last week’s lows near $1550, as massive buying emerged near $1565:
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_silv.gif)
![[Most Recent Quotes from www.kitco.com]](http://www.kitconet.com/images/live/s_gold.gif)
Must remember, these smashes are made to order, and mainly only to benefit the wealthy few, and without the help of the insiders, the wealthy few would have to take risks like the rest of us plebs.
Go past $35 an ounce and beyond. Then we can talk and buying 1/2 ounce.
Where’s that picture of the deer of the giraffe eating the popcorn?
Gonna be quite the show this whole month.
This is great to see. Volatility should pick up before a major move to the upside. When we start seeing $1.00 + ups and downs in the daily chart for multiple days in a row, I’ll take that as the sign the big move is finally coming.
As long as there are not a lot of one dollar a day down days, I’ll stay on board
I guess…
…To shake a tree you need to swing it both ways.
Closed at $28.58 so pretty up and down. Fight is brewing and all we can do is hang on.