Weekly Wrap - 14th Feb - No love lost in the markets this week (despite a new closing weekly high for Gold)
Mr Slammy was out in force this Valentines Day in the Gold and Silver markets. Copper and Platinum also affected!
People trading long Gold and Silver were likely left incredibly frustrated today. Overnight Asian trading saw Silver up 2.5% (approx.) before the somewhat now traditional US morning slam.
We always say that if you are long physical Gold and Silver then you are likely not looking at charts too often and have a long-term plan.
If you are only trading (or trading as well as holding physical), then the charts just scream of manipulation by the banking cartel. This suppression will get broken at some point in time and there will be no love lost for those caught on the wrong side of the trade.
Summary of the markets this week
Dow up and down with a head and shoulders pattern forming
S & P makes new ATH closing at 6113.38
New ATH weekly close for Gold
Mr Slammy was out in force on Friday 14th February 2025 for Silver, Platinum and Copper
Brent Crude down (probably on talks between USA + Russia)
Nat Gas up (Price Caps genius from EU plus cold weather)
New ATH close for DAX and FTSE 100 this week
Gold
Gold had a new ATH close on Thursday 13th February 2025 ($2,928) and actually had an all-time high weekly close this week ($2,882). A bit of lipstick on the pig today shouldn’t be putting people off as we are in a bull market and a LOT of other factors are very bullish for Gold.
Silver
The 1-minute chart says it all for Silver today.
The shooting star candle to close out the week might also cause some concern. Like Gold, this is a bull market and such clear manipulation from the banking cartel will eventually get punished!
Silver did close the week 45 cents up.
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Despite frustrations today in Gold and Silver (and the metals markets in general), it has been a good week for Nat Gas but not so much for oil….
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