Member Info for DrJamain

No, of course not!! The algos will not 'fail', that would indeed signal the end of things as we know them. They will, as I said, do the reverse of what they are doing now and go against the dollar and fiat in general.
Algos exaggerate trends. Currently the trend is clearly against PMs but that is not going to be forever. When they reverse they will exaggerate the uptrend for PMs and miners.
As for 'comedic' I accept your apology.

As for 'algos' we all know that. It's hardly news Slater. What matters is when the reversal happens. There will be a day when the algos track and exaggerate dollar/fiat reversal - that day is not today but there will be a day and that is our day. Surely you see that?

Exactly, so it's market based on paper. Fiat is currency based on paper. Confetti everywhere.
As for 'numpty' please don't be unpleasant, whatever credibility you seek to gain is lost when you are rude.

And what of the paper derivative determining the price of the physical asset Slater?

It is true that the dollar is the belle at the fiat ball and some very rich and powerful people/institutions are very happy with that situation.
However this debt based fiat system is fundamentally dysfunctional. Civilisations require sound money to thrive, as we have incrementally moved away from sound, asset backed currency financial instability has increased. This current system has limped on since Nixon removed gold backing for the dollar but it is now becoming untenable.
Central banks have 2 basic levers, they can create more fiat currency or raise interest rates. One of these devalues the currency and causes the inflation, the other increases the cost of fiat based debt. In a debt based system this is disastrous. For how long will the confidence trick continue? Who knows, but it will fail.

The Fed dollar support strategy is for now, but it cannot last. At some point the impact of these policies on the real economy will become key. The world is floating on an ocean of fiat denominated debt, how is it going to stay afloat these rate hikes? It feels like the last throw of the dice to support a failing system.

Haha, you make Eeyore look like an optimist.

This rates/inflation squeeze on households is politically problematic for Biden coming into the mid-terms. I'm not sure how long they will be able to keep it going.

As I see it currently the Fed is using interest rates to prop up the dollar in an environment of stagflation/recession. The real economy is in a mess. This approach will be successful for a time but every time they hike rates the economy gets worse. At some point this approach becomes untenable and the Fed will have to loosen support of the dollar. That, I believe, will be the moment for PMs.

Slater, do you believe that PMs in general and FRES in particular will do well at some time in the future?

True, buy into fear...

Well if silver doesn't find support here it looks clear down to $18.30ish.

Tree shake across the market.
Interestingly there is low volume, this is not widespread panic selling - currently 1.3m so the money involved is around £650k.

I see people saying a huge premium for physical over paper suggests a bullish correction. But, to be honest, I've given up trying to predict this market. Lots of bullish gurus but it ain't happened yet.
Currently it doesn't look like I timed my foray into PMs very well!

True, it's not been a pretty week. The upward trend broke and now it is testing support. If silver breaks down then the chart is open to $18.50.
FRES holding up fairly well.

You've got to laugh - out come the spivs across the pond and down she goes

It'll be interesting to see if the US spivs try to take it down again.

Early days but it looks like the bulls won and the silver channel is intact. Good news.

It's a battle royal around $23, testing support at the bottom of the channel

FRES is coiled like a spring - it should make 790 next week!!!