Comex Silver Hits $26

87
Mon, Jul 27, 2020 - 11:03pm

Another significant milestone has been reached.

First, it was Comex gold that filled the gap back to April 2013. Then it was GDX. We knew that GDXJ would come next and then the only hurdle would be Comex silver. As of tonight, it has finally happened....Comex Digital Silver got back above $26.

More tomorrow,

TF

About the Author

Founder
tfmetalsreport [at] gmail [dot] com ()

  87 Comments

  Refresh
Lokihappycamper515
Jul 28, 2020 - 3:39am

Yes I got stopped out of all

Yes I got stopped out of all but one CFD. I had my buys and stops arranged so it was basically a net zero position. I'll see what the week bring before I jump back in. (Don't seem to be able to do calls and puts in the UK)

IndoEagle
Jul 28, 2020 - 3:35am

There goes London

Right on time for the London smash. Will be interesting to see if they can keep it down until the US comes into play.

happycamper515
Jul 28, 2020 - 3:34am

Attack Attack take cover. The

Attack Attack take cover. The criminals are out for blood tonight. 26,25,24,23 silver. Yikes.

ArtsilverTF
Jul 28, 2020 - 2:24am

A little less finality

A little less finality is respectfully suggested.

ZILVERMANhappycamper515
Jul 28, 2020 - 2:11am

what

is that stock happy?

happycamper515
Jul 28, 2020 - 1:53am

A stock like TSLA with a 4

A stock like TSLA with a 4 digit PE went up 8 percent today and nobody thinks twice about it.

SteveWBlackwatersailor
Jul 28, 2020 - 1:42am

Smash

I think you're right that this is the last smash in the immediate future. Both trains are leaving the station and slowing down to pick up those running after them. Preliminary has 142,403 contracts of Aug gold.

Will be interesting to see how much they can accomplish overnight in London.

happycamper515
Jul 28, 2020 - 1:42am

When's the last time we saw a

When's the last time we saw a $2 smash in silver overnight?

Blackwatersailor
Jul 28, 2020 - 1:08am

If I had the money

I'd take the contract for delivery. I wonder how many funds are looking at just that. This action against Perth Mint may come back to bite the other banks in the ass. This slows down the flow of gold and silver to the markets. Especially when markets are tight. All it really does is make for third parties to make money from standing as middle men. Maybe that was the whole point. I suspect that this smash just before delivery may be the last or second last time we see this for some time. Who would like to bet the numbers of contracts standing for delivery on a non delivery month. I'll bet it's higher than normal.

whiteclw57TF
Jul 28, 2020 - 12:18am

Coffee for Turd...

I'm thinking TF will need an extra cup of coffee in the am after working this late...

Subscribe or login to read all comments.

Become member and subscribe to Turd's Vault

Contribute

Donate Shop

Get Your Subscriber Benefits

Private iTunes feed for all TF Metals Report podcasts, and access to Vault member forum discussions!

Key Economic Events Week of 1/18

1/19 10:00 ET Mother for SecTreas hearing
1/20 12:00 ET POTUS Inauguration
1/21 ECB meeting and rate decision
1/21 8:30 ET Housing Starts
1/21 8:30 ET Philly Fed
1/22 9:45 ET Markit flash PMIs (Jan)

Key Economic Events Week of 1/11

1/11 12:00 ET Goon Bostic speech
1/12 10:00 ET JOLTS job openings
1/13 8:30 ET CPI
1/13 1:00 ET Goon Brainard speech
1/13 2:00 ET Beige Book
1/14 8:30 ET Import price index
1/14 12:30 ET Chief Goon Powell
1/15 8:30 ET Retail Sales
1/15 8:30 ET PPI
1/15 9:15 ET Cap Ute and Ind Prod
1/15 10:00 ET Business Inventories

Key Economic Events Week of 1/4

1/4 9:45 ET Markit manu PMI
1/4 10:00 ET Construction Spending
1/5 Georgia U.S. Senate election
1/5 10:00 ET ISM manu PMI
1/6 US election certification
1/6 8:15 ET ADP Employment Report
1/6 9:45 ET Markit service PMI
1/6 10:00 ET Factory Orders
1/6 2:00 ET December FOMC minutes
1/7 8:30 ET Trade Deficit
1/7 10:00 ET ISM service PMI
1/8 8:30 ET BLSBS
1/8 8:30 ET Wholesale Inventories

Key Economic Events Week of 12/21

12/21 8:30 ET Chicago Fed
12/22 8:30 ET Q3 GDP final guess
12/22 10:00 ET Consumer Confidence
12/23 8:30 ET Durable Goods
12/23 8:30 ET Personal Inc and Spending
12/23 8:30 ET Core Inflation

Key Economic Events Week of 12/14

12/15 8:30 ET Import Price Index
12/15 8:30 ET Empire State Index
12/15 9:15 ET Cap Ute and Ind Prod
12/16 8:30 ET Retail Sales
12/16 9:45 ET Markit flash PMIs Dec
12/16 10:00 ET Business Inventories
12/16 2:00 ET FOMC Fedlines
12/16 2:30 ET Chief Goon Powell presser
12/17 8:30 ET Philly Fed
12/18 8:30 ET Current Account Deficit
12/18 10:00 ET LEIII

Key Economic Events Week of 12/7

12/8 8:30 ET Productivity & Unit Labor Costs
12/9 10:00 ET JOLTS jop openings
12/9 10:00 ET Wholesale Inventories
12/10 8:30 ET CPI
12/11 8:30 ET PPI

Key Economic Events Week of 11/30

11/30 9:45 ET Chicago PMI
12/1 9:45 ET Markit Manu PMI Nov
12/1 10:00 ET ISM Manu PMI Nov
12/2 8:15 ET ADP Employment Report
12/3 9:45 ET Markit Services PMI Nov
12/3 10:00 ET ISM Services PMI Nov
12/4 8:30 ET BLSBS
12/4 8:30 ET US Trade Deficit Nov
12/4 10:00 ET Factory Orders

Key Economic Events Week of 11/23

11/23 9:45 ET Markit flash PMIs
11/23 1:00 ET Goon Daly
11/23 3:00 ET Goon Evans
11/24 9:00 ET Case-Shiller home prices
11/24 10:00 ET Consumer Confidence
11/24 11:00 ET Goon Bullard
11/24 12:00 ET Goon Williams
11/24 12:45 ET Goon Chlamydia
11/25 8:30 ET Q3 GDP 2nd guess
11/25 8:30 ET Durable Goods
11/25 10:00 ET Personal Inc and Spend
11/25 10:00 ET Core inflation
11/26 US Market holiday

Key Economic Events Week of 11/16

11/16 2:00 pm ET Goon Chlamydia
11/17 8:30 ET Retail Sales
11/17 8:30 ET Import Price Index
11/17 9:15 ET Cap Ute and Ind Prod
11/17 10:00 ET Business Inventories
11/17 1:00 pm ET Chief Goon Powell
11/18 8:30 ET Housing Starts
11/18 1:20 pm ET Goon Bullard
11/19 8:30 ET Jobless claims
11/19 8:30 ET Philly Fed

Key Economic Events Week of 11/9

11/9 1:30 pm ET Goon Mester
11/10 7:30 am ET Goon Kaplan
11/10 10:00 ET JOLTS job openings
11/10 10:00 ET Goon Rosengren
11/11 Veteran's Day. Bond market closed.
11/12 8:30 ET CPI
11/12 11:45 ET Chief Goon Powell
11/12 2:00 pm ET Federal budget
11/13 7:00 ET Goon Williams
11/13 8:30 ET PPI
11/13 8:30 ET Goon Bullard
11/13 10:00 ET Consumer sentiment

Recent Comments

by DeaconBenjamin, 2 min 44 sec ago
by Marcus, 3 min 8 sec ago
by Mickey, 11 min 28 sec ago
by Turd Ferguson, 18 min 1 sec ago

Forum Discussion

by mrcic, 55 min 54 sec ago
by scoremore, 2 hours 2 min ago
by canadapleasure, 7 hours 42 min ago
by scoremore, Jan 19, 2021 - 10:56pm