SILVER GOLD SLAMMED OVERNIGHT & COMEX OPEN
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SUBSCRIBE to Our Channel: https://www.youtube.com/c/sdbullion?s... What did it feel like, being a short term Gold Silver bull today? How about this, Charlie?
With today's phony US Gov't BLS Jobs report (called the Non-Farm Payrolls or NPLs) — It was not hard to know that gold silver shorts would use that fake US government report at 8:30 AM Eastern time this morning to come flooding in with mass trading volume sales, looking to break gold silver long's stop losses.
What was hard to guess was that China's PBOC would overnight halt what was 18 months of straight Chinese Gold Reserve buying. Of course, reporting during seemingly lawless City of London hours to help kick off waterfall price declines of nearly -$100 an ounce price decline in today's spot global gold market trading.
We'll soon make educated guesses about where we might go in the short and medium term.
The spot silver and gold markets were slammed to close this week.
The spot gold price closed just under $2300 oz bid while the spot silver price finished just above $29 oz bid.
The spot gold-silver ratio climbed to close at 78.
We alerted our bullion-buying customers today to the spot price sell-off. Luckily, inventories are pretty flush for the moment, and thus, price premiums over spot for many proper silver and gold bullion products are thin for customers to prudently acquire over this weekend:
——— www.SDBullion.com/deals ———
For those buying the bullion market, take advantage of the spot price weakness this weekend and potentially into next week.
That will be all for our weekly SD Bullion Market Update.
And as always to you out there, take great care of yourselves and those you love.
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