2016年8月5日 星期五

Silver Smashed Under $20 On Bogus Jobs Report

金銀價下跌 !

www.silverdoctors.com

The algos have just INSTANTLY repriced a Fed rate hike into the market, today’s BLS(BS) numbers came in at a literally unbelievable +255k for July smashing expectations, sending silver prices down the proverbial mine-shaft nearly .50, and under the psychologically significant $20:

The precious metals have been treated to the proverbial waterfall this morning, plunging below critical support levels on the sudden (bogus) belief that a Fed Rate Hike is imminent.


Just exactly how many times can the Fed Call Wolf and trigger this type of ridiculous knee-jerk reaction by the algos?
 

We suspect it cannot be too much longer (6-12 months perhaps) until The Fed loses entirely the ability to jawbone the market with Fedspeak threats… 

Buyers have emerged on every previous gold and silver dip over the past several months. 

 The rest of today’s session will be quite telling – will big money that has been on the sidelines waiting for a pullback join the gold and silver bull market breakout today, pushing gold and silver back above $1350 and $20 by the close, or will the algos dominate sentiment for the next few trading sessions?

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