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The precious metals correction that has given up $130 in gold in 4 days

Cory댊
June 17, 2021

Jesse Felder, Founder of the Felder Report joins us for a special Editorial focused on the pullback in commodities, especially the precious metals. We discuss the comments by the Fed and how the US markets have been able to hold up better than the commodity complex.

Click here to visit Jesse’s site – The Felder Report.

Discussion
17 Comments
    Jun 17, 2021 17:37 PM

    There’s no doubt EXCHANGE STABILIZATION FUND – ESF FULLY INTERVENING AGAINST Ag – Au the last 2 days

      Jun 17, 2021 17:50 PM

      Agreed. Coordinated narrative control intervention. Won’t work for long.

    Jun 17, 2021 17:39 PM

    This shows the significance of today’s low for gold and why we should want it to hold on a weekly closing basis for immediate upside/bullishness:
    https://stockcharts.com/h-sc/ui?s=%24GOLD&p=W&yr=5&mn=0&dy=0&id=p77594429059&a=974275774

    Jun 17, 2021 17:14 PM

    SILJ closed at Schiff fork support in the middle of the highest volume price zone since at least August. Volume-based support is also very good from the 15.40s to about 14.90. Today’s low happened precisely at the 144 day MA.
    https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=0&mn=11&dy=0&id=p81231907058&a=960886383

    BDC
    Jun 17, 2021 17:38 PM

    Interest Rate Pong : https://postimg.cc/HrCpGt37
    Why? ….

    Jun 17, 2021 17:10 PM

    Many producers are now within 10% of their 52 week lows, buy and hold investors not being very happy with that. I’m now wishing I’d sold the whole shitaree about a month ago when gold hit $1900.
    However I’ve been more active, easing into the miners by selling puts, then selling calls, back and forth, making a comfortable retirement life with this option income. Buy and hold seems boring and poring over pages of numbers and drill results would drive me crazy. But I understand some people like doing that.

      Jun 17, 2021 17:51 PM

      How about “be right and sit tight”?

        Jun 17, 2021 17:21 PM

        There’s a lot that goes into ‘be right’, some of it beyond your control. ‘Sit tight’ can often be years so you need a certain temperament to do that.