Silver <$100 Gold <$5,000 | Metals Mine
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ffghost
Jan 30, 2026 4:11am
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Quoting Huntpips
King Dollar
Don't worry about the dollar ....Trump can "move it up and down like a yo yo".

....but the administration certainly doesn't mind the benefits of that lower dollar. Trump's first term saw a diminished USD as well. I guess if he can't have rate cuts, he might as well work to tank the $ to save money, right?
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ffghost
Jan 30, 2026 4:03am
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Quoting Trader#C45C
Well done Slytherin, well done Slytherin... but, this was just a retracement before new all time highs. Very decent retracement.
And a LONG overdue one at that. I am still hoping (short) for a continued pullback to something around the 20dayMA, but I will be the first to admit, I did NOT see a huge down day like this transpiring in the overnight (USA time) season. It has me worried about a face ripper once New York opens in a few hours. I mean, it's already risen 4% in 15 minutes off the lows.

I would have preferred a more orderly 7%/day for 4 day slide.....but history shows us that is not how silver falls. Oh, and let's all remember that this commodity is STILL up 36% on the year even after this drawdown. Sheesh!

You would think this is good news for tech companies relying on the metal....but the /nq is also taking it on the chin. As is crypto. As are all metals. As are bonds. Almost a correlation 1 style event....but the dollar is staying bid, so there's that.
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Tony112
Jan 30, 2026 4:32am
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Silver going to 12$.

They remembered their 90īs tarnished rusty silver chains

The metal is crap bro
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arash66110
Jan 30, 2026 12:02pm
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Quoting ffghost
{quote} I don't know. I think this is a more a combination of massive over extension, capitulation (see yesterday's price action on a 5 min chart), a margin increase, and the fact that I have been shorting since the $80 levels and losing the whole way....market thought it was time to give some back......before laughing and ending the day flat, like yesterday
I think they made a deal behind the scene this fall is not normal
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Trader#7D11
Jan 30, 2026 4:05am
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someone put a stoploss of $1billion at $5000 gold price. the bank will be stupid to not to take it. 1 hour to earn $1 billion on paper. good money
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ffghost
Jan 30, 2026 4:14am
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Quoting Trader#7D11
someone put a stoploss of $1billion at $5000 gold price. the bank will be stupid to not to take it. 1 hour to earn $1 billion on paper. good money
$1billion is meaningless. The metal just dropped $4 trillion in market cap from the highs...
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ffghost
Jan 30, 2026 7:58am
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Quoting Trader#7D11
{quote} please donate $1 billion to the orphanage if $1B is meaningless to you.
I donate MUCH more than the ratio of $1B to $4T. That is my point. That represents 0.025% of just the market cap swing. Add another zero to the front to represent impact to full market cap . Let's hope we ALL donate more than that!
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ffghost
Jan 30, 2026 8:00am
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Quoting Tony112
Silver going to 12$. They remembered their 90īs tarnished rusty silver chains The metal is crap bro
.

90s didn't have AI. We aren't going to get THAT low, but a move back to the 50dayMA over the next week or two wouldn't be unhealthy. It would come fast and furious though. Take a look at the 2011 daily. The problem is that we are in uncharted (over extension) territory not seen since the 1980s. ...but we have different catalysts, and protections, these days l.
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ffghost
Jan 30, 2026 8:03am — Edited
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Quoting arash66110
market maybe feels there is no war ? they know something for sure
I don't know. I think this is a more a combination of massive over extension, capitulation (see yesterday's price action on a 5 min chart), a margin increase, and the fact that I have been shorting since the $80 levels and losing the whole way....market thought it was time to give some back......before laughing and ending the day flat, like yesterday
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ffghost
Jan 30, 2026 4:38pm
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Quoting arash66110
{quote} I think they made a deal behind the scene this fall is not normal
It is certainly possible, BUT, there's no logical reason why silver exploded like it did. It was due for a pullback. I never thought we'd see a pullback to the 50 day MA IN....ONE....SESSION......so I left a few hundred thousand on the table during that drawdown.

At this point, I'm totally out of shorts and even got long from the 50 day MA (exited near the close, but suspect we could see some buying come Sunday night/Monday USA time).

I hope everyone survived the run. It has been one for a generation, similar to the oil going negative during covid. I wonder how many world firsts we've traded through over the past decade(s)....
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LightchaserG
Jan 30, 2026 8:45am
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They need to keep $$$ down and go down even further reason = to pay off US Debt at a cheaper price.
that's the only reason and that's what they are doing. imo
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Huntpips
Jan 30, 2026 4:07am
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King Dollar
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Trader#C45C
Jan 30, 2026 4:11am
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Quoting ffghost
{quote} And a LONG overdue one at that. I am still hoping (short) for a continued pullback to something around the 20dayMA, but I will be the first to admit, I did NOT see a huge down day like this transpiring in the overnight (USA time) season. It has me worried about a face ripper once New York opens in a few hours. I mean, it's already risen 4% in 15 minutes off the lows. I would have preferred a more orderly 7%/day for 4 day slide.....but history shows us that is not how silver falls. You would think this is good news for tech companies relying...
Silver was okay to trade when it was around 30$. This is literally insanse what's happening today. Yeah, pullback was expected (also didn't know when it'll happen). The thing with retracements is, that they are very quick, just like this one.
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sirick93
Jan 30, 2026 10:17am
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Quoting Tony112
Silver going to 12$. They remembered their 90īs tarnished rusty silver chains The metal is crap bro
Silver and Gold was heavily used as a hedge with future trading for the tarrifs and the drop of the dollar. Obviously silver has its own uses in the real world due to its conductivity.
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arash66110
Jan 30, 2026 5:00am
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market maybe feels there is no war ? they know something for sure
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Trader#C45C
Jan 30, 2026 3:56am
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Well done Slytherin, well done Slytherin... but, this was just a retracement before new all time highs.

Very decent retracement.
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Trader#C45C
Jan 30, 2026 4:17am
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Situation (except something falling apart) with precious metals will not change. This is just a correction. Violent correction? Well, considering the price action until now on Gold and Silver, this kind of retracement is consistent with price ripping higher every day for the last few years.

Something does appear odd in the markets. JPY stopped depreciating for the time being, stocks are under clear pressure, pullback in precious metals market. USD surging higher while the debt market appears calm.

Hm... we'll see...
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tekwizix
Jan 30, 2026 5:51am
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The overnight felt like a bit of a faceripper...everything can change in a New York minute. Could just be a big ol'sweep.
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Trader#F239
Jan 30, 2026 3:58am
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why?
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Trader#272B
Jan 30, 2026 4:11am
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Fullported Gold under 5k instantly. Bias' still bullish.
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Trader#7D11
Jan 30, 2026 4:25am
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Quoting ffghost
{quote} $1billion is meaningless.
please donate $1 billion to the orphanage if $1B is meaningless to you.
Reply

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