Whether you are an individual, a B&M dealer or refiner Friday was a bad day.
Even if your losses are just a mental paper write down on value of your collection/holdings it still was a bad day.
Like it or not I doubt any of us will forget Friday's price action.........I know I won't.
One prediction.........
Watch for a "Dead Cat Bounce" early in the week likely followed by further decline toward a stronger support level...........For Silver that will be around $50/oz
@MsMorrisine said:
or the fund liquidated to pay out etf holders' liquidations
Unlikely that happened. The mid point price was $101.56 on 1-27 and $105.63 on 1-29. If the ETFs holders were selling, the price action would have been the reverse.
Some brutal profit taking, or is it more than that?
I stated a good while back that when the Ukraine war ends, gold would likely plummet. Perhaps this time, the peace talks are more than just talk, and the real possibility of a treaty is leaking out.
Getting mighty cold in Moscow without electricity.
…worked all day in a coin shop .
Friday I was selling silver for $120. And Saturday I was selling for $86. I was also buying ( a little ) around $115 on Friday. No one offered to sell even one gram of silver or gold on Saturday That was a first, in many months. Not one call to sell. A miracle.
Maybe the crash was due to some alchemist out there, finally discovering a formula to create gold. He will soon be offering alchemy kits on Ebay. Simple instructions on how to make all the gold ya want, free shipping.
Probably the best explanation I've seen as to what happened. From James Rickard -
The reasons for the gold and silver price plunge had to do with hedge fund traders taking profits, automated momentum trading, stop loss algorithms, trend following, and some panic. Let’s look at those causes closely.
Taking Profits. Hedge fund traders don’t really care about gold as money. For them, it’s just another commodity like coffee, soybeans or lumber. They trade it on a leveraged basis using futures or over-the-counter derivatives. Hedge fund traders get bonuses based on their gains, but only the gains that are booked. They generally do not get paid for mark-to-market profits unless the trades are closed out and the money is in the bank.
Imagine a hedge fund trader who bought gold on December 31, 2025, at $4,340 per ounce using five-to-one leverage. With gold at $5,355 on January 29, the unleveraged profit was 23%, but the leveraged profit was 117%! Time to cash out and take your money off the table. Of course, the trader can go back into the gold market whenever he wants, but profits of over 100% in one month are too good not to cash out.
Next comes the automation. Once some traders start to cash out and the price starts to go down, computers tell others to do the same. They follow suit and the price goes down more. At that point, the stop-loss algos kick in. Traders pre-set a maximum loss, and when that threshold is hit, the computers automatically close out their position. That drives prices even lower.
At this point, longs are getting margin calls on the futures exchange (or from OTC dealers like Goldman Sachs) and they sell their positions for cash to settle up with the dealers. Selling begets selling. Trend-following traders jump on board. Panic selling from all sides is not far behind.
@2manycoins2fewfunds said:
Whether you are an individual, a B&M dealer or refiner Friday was a bad day.
Even if your losses are just a mental paper write down on value of your collection/holdings it still was a bad day.
Like it or not I doubt any of us will forget Friday's price action.........I know I won't.
One prediction.........
Watch for a "Dead Cat Bounce" early in the week likely followed by further decline toward a stronger support level...........For Silver that will be around $50/oz
I believe Tues-Wed was "Dead Cat Bounce" and we are now likely to decline toward major support level around $50/oz
@2manycoins2fewfunds said:
Look at a 6 month silver chart and it looks like a classic dead cat bounce.
Rebound highs lower than preceding highs..............
I'll bet we see $60/oz before we ever see $90/oz again.
I’d take that bet , though it violates the terms of service. Got silver for $77.94 ? I’ll bet it goes fast on the BST forum, if there were one for bullion.
@2manycoins2fewfunds said:
I believe Tues-Wed was "Dead Cat Bounce" and we are now likely to decline toward major support level around $50/oz
$20
agree on the dead cat bounce
Sorry but folks are using this market term incorrectly. It was used to describe a price bump after a 'long' price decline. As someone said, its like throwing a dead cat off a 50 story highrise. Keeps going down, down until it hits the ground and then it bounces. Usually the market bounce is due to all the short sellers finally covering their shorts and turning their unrealized gains into actual realized gains. They ride it down to as low as it gets & when no more trading, they close out the short & raise the bid to get holders to finally take what they can. Short sellers don't want to get involved with a bankruptcy proceeding that can take years to clear and time is more important then getting every last dollar out of trade.
Been a brokerage professional for over 40 years and just trying to bring some clarity around the market like I would expect folks to do with numismatic items.
heck event team sourpuss is saying the new floor for silver is $50-$60 dollars
they are silver bulls now given spot was $30ish mere 6 months ago. Hello overton window!
There are many holding and then others forced to sell due to their economic circumstances:
"Gold/silver selloff - structural explanation
The most important analytical piece in today’s feed: gold has become pro-cyclical, not counter-cyclical. Since 2022’s Russian reserve freeze, surplus countries (GCC, China, Korea, Japan) replaced Treasuries with gold. When the war collapses Gulf oil revenues, those same countries need to liquidate gold to cover fiscal obligations. GCC countries - major gold buyers - now have collapsing export revenues. China growth slows with the oil shock, compressing Chinese surpluses. The entire reserve accumulation chain that drove gold higher is being disrupted by the very event that in the old model should have been unambiguously bullish. Full structural argument
Gold down ~4% on the day - worst day since war started, wiping gains back to Feb 6 levels
Silver down ~20% in 7 trading days, now around $72-76
Paradox: higher PPI (3.4% vs 2.9% expected), war chaos, and metals selling off simultaneously
Multiple accounts flagging this as a liquidity squeeze, not fundamentals
"COMEX silver drain continues
2.8M oz drained from COMEX silver in a single day. No new deposits into Registered stocks. SLV also pulling its monthly ~3M oz mid-month drain (5 consecutive months). Shanghai silver price running $12-14 above COMEX. Physical market and paper market have fully disconnected - nobody is selling physical to COMEX at these prices. BullionaireBob on COMEX drain | pmbug on SLV mid-month swap." https://no1sdailydigest.substack.com/p/daily-digest-2026-03-19
Very strange in my opinion why gold is tumbling. I would have figured with all the "uncertainty" out there right now, that gold would be rising to all time highs.
My edumucated guess is that folks are dumping gold to place it in the stock market. Which if things do finally get settled, could skyrocket. Thus the investors want to try to catch a possible big hit on Wall Street?
@stevek said:
Very strange in my opinion why gold is tumbling. I would have figured with all the "uncertainty" out there right now, that gold would be rising to all time highs.
My edumucated guess is that folks are dumping gold to place it in the stock market. Which if things do finally get settled, could skyrocket. Thus the investors want to try to catch a possible big hit on Wall Street?
That has been the logic I’ve assumed historically:
War= Metals go up
Inflation= Metals go up
Oil Up = Metals go up
High debt/Spending = Metals go up
We are seeing the opposite at surface level. Countless sources were screaming for crazy spikes in gold
And silver when the first missiles were flying. And here we are….
Collector of Original Early Gold with beginnings in Proof Morgan collecting.
@stevek said:
Very strange in my opinion why gold is tumbling. I would have figured with all the "uncertainty" out there right now, that gold would be rising to all time highs.
My edumucated guess is that folks are dumping gold to place it in the stock market. Which if things do finally get settled, could skyrocket. Thus the investors want to try to catch a possible big hit on Wall Street?
That has been the logic I’ve assumed historically:
War= Metals go up
Inflation= Metals go up
Oil Up = Metals go up
High debt/Spending = Metals go up
We are seeing the opposite at surface level. Countless sources were screaming for crazy spikes in gold
And silver when the first missiles were flying. And here we are….
Jan 17, 1991--US attacks Iraq. Gold drops from $402 to $350 over next 2 months.
Oct 7, 2001--US attacks Afghanistan following 9/11 WTC attack. Gold drops from $294 to $272 over next 2 months.
March 2008--Oil rallies from $100 to $147--Gold drops from $1020 to $865.
April 2021--Inflation jumps to 4.2% and holds over 4% for 26 consecutive months reaching a peak of 9.1% in June 2022. Gold is $1720 beginning of April 2021, after a brief rally it bottoms at $1615 in Nov 2022. So after 17 months of 4+% inflation, gold is lower.
The PM bull narrative is what you have stated, yet fact often shows differently.
Are any of the central banks selling gold? Poland was making noises about that, but I don't think they've actually done it. Other than that somewhat slim possibility, no fundamentals have changed.
Q: Are You Printing Money? Bernanke: Not Literally
Gold and silver have topped out for 2026 and both metals are in downtrends now. Gold could easily fall to $3000. It has had declines like that previously.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@RedneckHB said:
TACO!!!
Like clockwork. Speak loudly and carry a small stick.
I don't get this "TACO" stuff....Trump has attacked Iran twice within a year after years/decades of talk from every other president. He's taken out lots of their infrastructure and capabilities.
Because he pivots and looks to make a deal...because his negotiating style is to bounce from extreme to extreme....some people say "TACO" ??
I'm not sure what he is chickening out of....and certainly his critics aren't saying THEY'D keep a position longer than him. If it was up to them, they'd continue the 47 year policy of doing nothing.
@RedneckHB said:
TACO!!!
Like clockwork. Speak loudly and carry a small stick.
I don't get this "TACO" stuff....Trump has attacked Iran twice within a year after years/decades of talk from every other president. He's taken out lots of their infrastructure and capabilities.
Because he pivots and looks to make a deal...because his negotiating style is to bounce from extreme to extreme....some people say "TACO" ??
I'm not sure what he is chickening out of....and certainly his critics aren't saying THEY'D keep a position longer than him. If it was up to them, they'd continue the 47 year policy of doing nothing.
Last April 30yr rates got close to 5%. He said markets were "yippy" and backed off on tariffs.
This morning the 30yr was pushing 5% and he backed off his 48hr electric grid bombing threat.
Everyday be coming up TACO™ Tuesday up in this clown show. Some continue to drink the Kool-aide. Ole Jimmy would be proud. Jonestown 2.0. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Comments
or the fund liquidated to pay out etf holders' liquidations
The Saudis?
I knew it would happen.
Whether you are an individual, a B&M dealer or refiner Friday was a bad day.
Even if your losses are just a mental paper write down on value of your collection/holdings it still was a bad day.
Like it or not I doubt any of us will forget Friday's price action.........I know I won't.
One prediction.........
Watch for a "Dead Cat Bounce" early in the week likely followed by further decline toward a stronger support level...........For Silver that will be around $50/oz
Unlikely that happened. The mid point price was $101.56 on 1-27 and $105.63 on 1-29. If the ETFs holders were selling, the price action would have been the reverse.
Nothing fundamental has changed. The tourists got shaken out. Wash, Rinse, Repeat.
I knew it would happen.
Some brutal profit taking, or is it more than that?
I stated a good while back that when the Ukraine war ends, gold would likely plummet. Perhaps this time, the peace talks are more than just talk, and the real possibility of a treaty is leaking out.
Getting mighty cold in Moscow without electricity.
I see that tulips, oh excuse me, Bitcoin is plummeting as well.
…worked all day in a coin shop .
That was a first, in many months. Not one call to sell. A miracle.
Friday I was selling silver for $120. And Saturday I was selling for $86. I was also buying ( a little ) around $115 on Friday. No one offered to sell even one gram of silver or gold on Saturday
``https://ebay.us/m/KxolR5
Whether you are an individual, a B&M dealer or a refiner Friday was a bad day.
Even if your losses are just a mental paper write down on value of your collection/inventory holdings it still was a bad day.
Like it or not I doubt any of us will forget Friday's price action.........I know I won't.
Watch for a "Dead Cat Bounce" early in the week likely followed by further declin
Maybe the crash was due to some alchemist out there, finally discovering a formula to create gold. He will soon be offering alchemy kits on Ebay. Simple instructions on how to make all the gold ya want, free shipping.
I’m in a small minority with diamond 💎 hands. Never a bad day, as I’ll never sell. But my kids might care eventually!
COPPER is gutter !
Missed out on the run up. But at least I lived to tell about it. There are worse things in life.
Probably the best explanation I've seen as to what happened. From James Rickard -
The reasons for the gold and silver price plunge had to do with hedge fund traders taking profits, automated momentum trading, stop loss algorithms, trend following, and some panic. Let’s look at those causes closely.
Taking Profits. Hedge fund traders don’t really care about gold as money. For them, it’s just another commodity like coffee, soybeans or lumber. They trade it on a leveraged basis using futures or over-the-counter derivatives. Hedge fund traders get bonuses based on their gains, but only the gains that are booked. They generally do not get paid for mark-to-market profits unless the trades are closed out and the money is in the bank.
Imagine a hedge fund trader who bought gold on December 31, 2025, at $4,340 per ounce using five-to-one leverage. With gold at $5,355 on January 29, the unleveraged profit was 23%, but the leveraged profit was 117%! Time to cash out and take your money off the table. Of course, the trader can go back into the gold market whenever he wants, but profits of over 100% in one month are too good not to cash out.
Next comes the automation. Once some traders start to cash out and the price starts to go down, computers tell others to do the same. They follow suit and the price goes down more. At that point, the stop-loss algos kick in. Traders pre-set a maximum loss, and when that threshold is hit, the computers automatically close out their position. That drives prices even lower.
At this point, longs are getting margin calls on the futures exchange (or from OTC dealers like Goldman Sachs) and they sell their positions for cash to settle up with the dealers. Selling begets selling. Trend-following traders jump on board. Panic selling from all sides is not far behind.
Yikes. > @stevek said:
Yikes!
Those who forget the past are condemned to repeat it.
lot of money now sitting on the sidelines in most all asset classes.
Wonder where that money will spent? I'm think gold and silver.
When gold and silver move together, it signals the coming end of fiat money.
Grocery store and electric bill.
Knowledge is the enemy of fear
I believe Tues-Wed was "Dead Cat Bounce" and we are now likely to decline toward major support level around $50/oz
$20
agree on the dead cat bounce
Look at a 6 month silver chart and it looks like a classic dead cat bounce.
Rebound highs lower than preceding highs..............
I'll bet we see $60/oz before we ever see $90/oz again.
I’d take that bet , though it violates the terms of service. Got silver for $77.94 ? I’ll bet it goes fast on the BST forum, if there were one for bullion.
``https://ebay.us/m/KxolR5
I will also take the other side of that bet, and believe silver will make a new all time high before the Fourth of July.
I hope you both are right. ..........I'd love to see a rise above $90-$100............ I just doubt it will happen.
Sorry but folks are using this market term incorrectly. It was used to describe a price bump after a 'long' price decline. As someone said, its like throwing a dead cat off a 50 story highrise. Keeps going down, down until it hits the ground and then it bounces. Usually the market bounce is due to all the short sellers finally covering their shorts and turning their unrealized gains into actual realized gains. They ride it down to as low as it gets & when no more trading, they close out the short & raise the bid to get holders to finally take what they can. Short sellers don't want to get involved with a bankruptcy proceeding that can take years to clear and time is more important then getting every last dollar out of trade.
Been a brokerage professional for over 40 years and just trying to bring some clarity around the market like I would expect folks to do with numismatic items.
Silver is not, and will never be dead.
heck event team sourpuss is saying the new floor for silver is $50-$60 dollars
they are silver bulls now given spot was $30ish mere 6 months ago. Hello overton window!
Loves me some shiny!
“Often wrong, but never in doubt.”
Dead cat bounce....Defination
https://www.investopedia.com/terms/d/deadcatbounce.asp
It is an example of a sucker's rally. lol
IMO tomorrows silver closing price will be important.
If it convincingly closes above $80 then IMO there may be room to run higher......How far who knows.......
BUT if it closes Monday PM convincingly below $77 then IMO watch out below............
I am increasingly concerned we will see $50s before we ever see $80s again> @2manycoins2fewfunds said:
Another good morning to just stay in bed...................
Might see 50s this week. Crazy couple of days
All comments reflect the opinion of the author, even when irrefutably accurate.
Not long ago you guys would have killed for $50’s
There are many holding and then others forced to sell due to their economic circumstances:
"Gold/silver selloff - structural explanation
The most important analytical piece in today’s feed: gold has become pro-cyclical, not counter-cyclical. Since 2022’s Russian reserve freeze, surplus countries (GCC, China, Korea, Japan) replaced Treasuries with gold. When the war collapses Gulf oil revenues, those same countries need to liquidate gold to cover fiscal obligations. GCC countries - major gold buyers - now have collapsing export revenues. China growth slows with the oil shock, compressing Chinese surpluses. The entire reserve accumulation chain that drove gold higher is being disrupted by the very event that in the old model should have been unambiguously bullish. Full structural argument
Gold down ~4% on the day - worst day since war started, wiping gains back to Feb 6 levels
Silver down ~20% in 7 trading days, now around $72-76
Paradox: higher PPI (3.4% vs 2.9% expected), war chaos, and metals selling off simultaneously
Multiple accounts flagging this as a liquidity squeeze, not fundamentals
"COMEX silver drain continues
2.8M oz drained from COMEX silver in a single day. No new deposits into Registered stocks. SLV also pulling its monthly ~3M oz mid-month drain (5 consecutive months). Shanghai silver price running $12-14 above COMEX. Physical market and paper market have fully disconnected - nobody is selling physical to COMEX at these prices. BullionaireBob on COMEX drain | pmbug on SLV mid-month swap."
https://no1sdailydigest.substack.com/p/daily-digest-2026-03-19
Nice summary
Very strange in my opinion why gold is tumbling. I would have figured with all the "uncertainty" out there right now, that gold would be rising to all time highs.
My edumucated guess is that folks are dumping gold to place it in the stock market. Which if things do finally get settled, could skyrocket. Thus the investors want to try to catch a possible big hit on Wall Street?
That has been the logic I’ve assumed historically:
War= Metals go up
Inflation= Metals go up
Oil Up = Metals go up
High debt/Spending = Metals go up
We are seeing the opposite at surface level. Countless sources were screaming for crazy spikes in gold
And silver when the first missiles were flying. And here we are….
Jan 17, 1991--US attacks Iraq. Gold drops from $402 to $350 over next 2 months.
Oct 7, 2001--US attacks Afghanistan following 9/11 WTC attack. Gold drops from $294 to $272 over next 2 months.
March 2008--Oil rallies from $100 to $147--Gold drops from $1020 to $865.
April 2021--Inflation jumps to 4.2% and holds over 4% for 26 consecutive months reaching a peak of 9.1% in June 2022. Gold is $1720 beginning of April 2021, after a brief rally it bottoms at $1615 in Nov 2022. So after 17 months of 4+% inflation, gold is lower.
The PM bull narrative is what you have stated, yet fact often shows differently.
This may be viewed as useless info by some.
Knowledge is the enemy of fear
Are any of the central banks selling gold? Poland was making noises about that, but I don't think they've actually done it. Other than that somewhat slim possibility, no fundamentals have changed.
I knew it would happen.
Gold and silver have topped out for 2026 and both metals are in downtrends now. Gold could easily fall to $3000. It has had declines like that previously.
Good grief - sure is getting pretty ugly out there.
Keep your head down
Looks like a buying opportunity to me.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Buy on the dip...
TACO!!!
Knowledge is the enemy of fear
Like clockwork. Speak loudly and carry a small stick.
Knowledge is the enemy of fear
One internet post and it bounces right back.
Sure wish I had that sort of power, I'd be rich. 😂
I don't get this "TACO" stuff....Trump has attacked Iran twice within a year after years/decades of talk from every other president. He's taken out lots of their infrastructure and capabilities.
Because he pivots and looks to make a deal...because his negotiating style is to bounce from extreme to extreme....some people say "TACO" ??
I'm not sure what he is chickening out of....and certainly his critics aren't saying THEY'D keep a position longer than him. If it was up to them, they'd continue the 47 year policy of doing nothing.
As for gold and silver's big drop overnight.....thinly traded markets I wouldn't put much stock in a 8% plunge in either metal.
Go by the NY open when you have big swings overnight.
More useless waste of bandwidth from blitz’s puppy hahaha
I hope y’all bought that dip!
COPPER is gutter !
These swings are brutal. One day I think I may soon be hanging out with Elon Musk. The next day I'm pricing homeless shelter tents for my new home.
Last April 30yr rates got close to 5%. He said markets were "yippy" and backed off on tariffs.
This morning the 30yr was pushing 5% and he backed off his 48hr electric grid bombing threat.
The market has his number.
Knowledge is the enemy of fear
Everyday be coming up TACO™ Tuesday up in this clown show. Some continue to drink the Kool-aide. Ole Jimmy would be proud. Jonestown 2.0. THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?