Sign Delaware Banking Contract Now

Industry sign banking delaware contract now

hey everyone it's robert kings with goldsilverpros.com it is thursday august 13 2020 and we've had a little bit of a recovery in gold and silver so i wanted to get into that go ahead and share screen and we'll take a look at what's going on in gold i have this is the one month gold chart and you can see starting on the six we had a retraction in the gold price down to about the 1914 1950 range and the last couple days we've come back up to about 1970 so it's a nice little mini recovery in gold nice to see that happen if you recall about two weeks ago maybe going on almost three weeks ago i said that we were due for a correction in gold and silver i didn't think there would be major corrections but there would be corrections nonetheless on our way up in these bull markets that did occur and then tuesday this week i said it's more than likely based upon the data we're seeing on comex that those prices would start to recover somewhat i thought we were still in the middle of the bull market for gold specifically i said you know it's unlikely that gold will pull back to the 1800 1900 level it's possible but i didn't see it coming back all that way and it doesn't look like we're going to get that much of a dip but let's explore gold just a little bit more we're going to blow this out to my 12-year chart here again and i've revamped my charts if you see here i've redrawn my lines to be a little bit clearer than the charts we were using before and you can see that gold had surpassed its all-time high right around nineteen hundred dollars and it come up to uh above 2050 and now it's traced down about 80 90 to the 1970 range that's really not a very big correction to be honest with you looking at this move dating back to about here when gold price started to rise in october of late 16 and that's a little bit of a retracement that's nothing to be alarmed about if we were to do the cup and handle formation that i've been talking about over and over again not saying we'll have one but if we were to do one it would probably come back down into this range maybe around 1655 which is the 200-day moving average or 1700 somewhere in that range i don't see that happening and i don't think this correction is going to last that long due to what we're seeing on the exchanges you know but it's always something that we'll look for but so far patterns are holding steady in gold and silver so i expect it will continue to march up i wanted to review uh the open interest with you on gold to talk about one of the reasons we might have had the correction so uh i'll actually go back to the one month chart on gold so we can see the date we started to have correction right around here on the 6th of august is when we started to have the correction this is a chart i hadn't shown you yet but it has to do with overall gold volume this is basically open interest it's another way to view it the traditional open interest chart i've been giving you is basically almost a spreadsheet format or a tabular format didn't have this nice visual on it because it packed a lot of data in one place this chart's actually probably more friendly for you guys who are just getting into this and wanting to learn but remember that december 20th contract in which i said there's a ton of open interest uh that's really where the price is determined uh if we're looking at how the spot price is determined you you take the nearest month with the largest volume and that would be december and that's what determines the spot price moving forward and as people battle for for that uh contract going long and short that determines the spot price so it's not just the month we're in but it's also the month within the next couple of months or so that has the most volume i know that can be kind of confusing but just remember look out 60 to 90 days and if you see this massive increase in open interest that's probably pulling on the price quite a bit and the reason that is the case because we're dealing with futures markets futures markets our futures bet on what gold will be worth sets the current spot price and as long as that few that future is trading within a couple of months of today that can influence and pull up or pull down the spot price in addition to that what's going on with that futures trade on a day-by-day basis can pull up or push down uh the price of any commodity including gold and silver so again we'll go back to the 6th of august we saw this start to come down all the way through the 11th and has recovered the last two days was you can see on the six the volume started to increase through the 11th and this volume is the battle that's going on in gold and silver i'm going to blow this back out to the 12 year chart real quick and remember the video i showed you on the battle and the volume this volume you see here is the same volume over a longer time frame that you see here this is more of like a month view this is more of like a multi-year view so this volume here is the same as this volume here but this volume will tell you more on a day-to-day basis what's going on with gold and you can see that as the volume increases uh during that time frame and again sorry having to go back to that one month chart as the volume increased over the time frame the price came down that meant there were more shorts than longs okay remember when more shorts come in it pushes the price down when more longs come in it pushes the price up in the open interest in the open interest i'll explain this again for those of you who are new to my channel open interest is just the total amount of interest in the futures contract both long and short and that can be just basically the paper interest if you will the comex is a market that's traded mostly on paper and it's settled mostly in cash or uh uh participants will roll their contracts so they may have a certain amount long contracts they'll just roll them to the next month roll them to the next month or if they want to settle out of their position they'll set up for cash and either they'll pay cash or receive cash depending on if they won or lost that bet on the futures market the overall amount of trades is called open interest and the second factor we look at are the delivery reports so let's go look at the delivery report for gold uh for those of you viewing this for the first time this is month to date delivery notice is from the comex and we're looking at basically yesterday's data even though it's closed a market this data won't be updated for the 13th which is today until tomorrow so we're always looking a day back on these metal delivery reports these metal delivery reports you share here for gold this cumulative number of 48 000 and four contracts uh through so far through the 12th of the month these are where the longs are wanting to take physical delivery of the gold so a moment ago i just mentioned that the open interest is the total amount of longs and shorts on the market that's long and short bets total that could be the paper bits okay the speculative bets a certain portion of those longs will want delivery of the metal and the shorts will have to deliver and that's the delivery report as you get a higher percentage every month of more delivery notices that means more longs are pushing for the actual metal that pushes the price up it's like a an amplifier to to the long's position they're not just settling for cash and gambling they actually want the metal that pushes the gold price up so we saw the first intent day of the month which is when you can first notice that you want to get delivery for your long position there were an astounding 32 732 contracts and then that sort of fell down and the gold price came with it so if we look at the pullback from the 6th through the 11th we saw that there was a little bit less volume the 6th through the 11th in terms of these contracts on a daily basis now on the 10th and 11th it spiked up a little bit and that kind of gave a little bit of increase in the gold price so it's not a one for one there's a little bit of lag time between them when the delivery notices put in that gold price comes up but there is a correlation and really what you want to do is look at it over time that's why i always look at the monthly report we're still sitting at 48 000. that's a large number and so the the gold price i would say would continue to be bullish now in a future video i'm going to talk a little bit more about how this all works on the comex i've kind of hinted that at this in past videos when we're looking at actual gold transfers between accounts at comex how that affects the gold price but there's a little bit more detail to that i'll get in a future video i'll probably do that for sunday so stay tuned for that we'll get more into into those details but for now just know that when you have somebody actually wanting physical delivery and the percentage of the longs in the market want physical delivery it's very bullish on the price so as long as we see these numbers adding up throughout the month and being strong and continuing to be strong month to month we should expect a strong gold and a strong silver price so now i wanted to get into silver we had to pull back in silver as well about the same time frame all that started a day or so later it was a sharper pullback from a percentage perspective which is normal in silver silver is more volatile meaning there will be higher ups and downs than there will be in gold and that's normal for silver it's basically always been the case since the futures market has been in effect uh silver is a much smaller market it has multiple components of demand it has industrial demand for use in our industry as well as monetary demand so it tends to move more violently when it moves than gold does and so gold is kind of like the turtle and silver's kind of like the hair hair the silver moves faster or more violently uh gold moves more slowly uh but it but eventually gets to where it wants to go so as we can see in silver you saw us kind of come up against this 26.5 resistance line it stayed up there for a while came back down and retested it which is bullish by the way if you come down below a line and you come back up a second time so here's the first time we crossed 26.50 and here's the second time that's bullish over the long run it means that there's enough interest for traders to psychologically break through that barrier so what is this resistance line that i'm talking about if you're new to the channel you may want to understand what this means uh what we do is we plot these resistance and support lines on the graph i just draw these straight lines across a price chart and we do that because these charts are very psychological traders are psychological they'll trade around certain numbers like even numbers 5 10 15 25 30 stuff like that but they'll also trade around previous trading patterns so where we've had a previous top or previous trough on on the market especially if we're in a massive bull or in a massive deflationary uh move like we had in the 2009-2011 time frame and then after through about 2014 when it came back down these are very important psychological points and they will set in traders minds the next stops or resistance point for the next bull market and so that's why i applauded all these lines you see that we didn't pass the thirty dollar psychological line in silver again thirty dollars a multiple of five so a lot of chairs gonna look at say i'm not sure if we wanna you know pass 30. we didn't do it on the first try so that means we're probably not ready to break through 30 just yet there needs to be a little bit more momentum built in silver and in silver uh there is a ton of open interest coming in the upcoming month in september and we'll get to that in just a moment where that could be decision time where it pushes silver firmly above 30 and into the 32 to 34 range but for now silver came down and almost tested this 2450 which is a very important point that we broke through about two weeks ago when i did a video and and it it didn't quite get to 30 and it came back down to 26. you can see it's sitting in between 30 and 24. that's a range trade and it wouldn't surprise me a silver range trades a little bit there for a while until addition you know until we see what's going to happen in september with physical delivery so let's go look at the one month chart on a silver real quick and uh as i was saying as about two weeks ago july 23rd 24th we tested this 2450 resistance line we didn't quite break through we tested again this time we launched not only through that resistance line but the next one when you see it bump twice and it goes through uh that tells you it's it's a strong bull market but after it passes one of these resistance these resistance lines these become support lines and it's almost invariably going to come back down and test support this is a normal bull market it'll test support and if it comes back up through support a second time here once here twice that means it's probably going to continue through these are just basic chart patterns they're basic psychological patterns as people get comfortable about uh a commodity trading above or below resistance line and having staying power they'll come back in it's just normal it's just the way that we look at the markets so i expect silver to continue to move forward we're going to go over here and take a look at silver's data again this is open interest we'll look at deliveries here in a moment physical deliveries september i said in the last video was decision month because there's so much open interest look at this compared to all the other months tons of open interest these numbers are very big so that's where the longs and shorts are going to be battling and that's where the price is being determined right now it's not in the august contract because it's extremely low volume it's september it's the futures bidding in september that's determining the price now now i wanted to make a a point here about silver silver's as i said before if you remember silver's more volatile that means when people come into the futures market and they put a big bid either way silver moves more as a percentage than gold does because it's a smaller market and it has multiple demand factors not only monetary but also industrial so it's got a lot of stuff going on well look at the pullback in silver which occurred on about the 10th of august and lasted for a couple of days and then before it started to come back up look at this date here and then look at the increase in open interest which started the 7th the 10th the 11th so basically as the open interest increased the price decreased okay as the open interest increased sorry as it increased the price decreased that means there were more shorts than there were longs remember open interest is a measure of both shorts and longs now they don't break it down in this chart but you can essentially tell from the price movement and more shorts are coming in more longs are coming in so what happened was silver's trading at this let's go back out to the 12 12 year chart we'll update that here real quick so silver's had this massive bull run since about april i mean it traded about 11 march april when we first had the economic situation and then as we kind of figured out what was going to happen in the economy there a lot of monetary demand came in for silver that's what costs over to move very quickly monetary demand will cause it to move very quickly it's additional demand that we don't typically see when silver is just trading only as a commodity during normal non-recessionary times get recessionary times people come in to bid up silver as a monetary asset or a safe haven asset much like gold so we saw that rather sharp rather quick move straight up well one from a technical perspective it has to pull back a little bit but two there are a lot of shorts that came in and just pounded the silver market so that it came back down okay that's people taking bets that silver's price is going to come down and by issuing that many short contracts it's going to cause silver to come back down so what will happen to all of those shorts well it depends on actual deliveries deliveries is where you're goin to see the pain so we're going to go down here to again this is the month of day delivery notice we're going to go down to the silver section and as we see here there's a fair amount of interest building on silver contracts now this is for 5 000 silver features i'm gold it's 100 ounces on silver you know being the cheaper asset it's 5 000 ounces so you're going to see smaller numbers here but it's multiplied by 5 000. there is fair amount of people standing for delivery for silver on the comex and again not nearly as much as last month so last month in july we saw a lot that's why i did the i started this series in july on the 14th on my channel with silver because we saw so much demand it was something like 14 000 contracts standing for delivery and i think it even went above that by the end of the month but that was by the middle of the month 14 000 that that was just a huge amount now in this month it's kind of cooled off a little bit we only have about 1267 cumulative uh so that's only about not even a tenth of what we had last month of course we still have a couple of weeks left but it looks like the the physical demand for silver has died down since last month that's another reason in which you see the silver rally start to fade a little bit less physical demand on the comex and the short uh shorts coming in and placing a bunch of paper contracts uh almost daring the longs to take delivery with those contracts and make them pay for it and again that's going to happen in september in september we're going to find out really quickly we're going to find out really quickly whether uh this overwhelming amount of open interest longs and shorts who's gonna win that battle in september if the longs win the battle what i expect to see come that time is for uh september for us to see a massive amount of people standing for delivery that will be our key and so a lot of people have asked on the channel rob how do we know when that's going to occur is there a specific date in which we know for the september september open interest whether it's going to be a bull or a bearer so we're going to pull back sharply the short's going to win or the long's going to come in and demand that medal and really make them pay well if you remember a couple of videos back i think last week i started talking about uh uh delivering intent notices intent notices are the notice uh if you're alone that you want to take delivery of the silver the gold the wheat the whatever commodity it is it's the same for all commodities that intent date is two days before the first trading day of a month so two days before the first trading day of september is when we're going to see the first notice so within the first few days of that september trading month actually the very end of august we're going to get a clue as to how how many deliveries you know how many longs are standing for delivery if we start the month off really weak in the delivery space that may not be too good for silver it may mean that silver may be coming down or it may range trade here on the chart it may mean that demand is weakening and we really aren't going to know we can make all sorts of prognostications based upon this data or that data but we really have to watch the markets to understand what's going to happen but as we get closer to the end of august i'm going to come in and do some videos for you guys and we're going to watch this delivery data okay we're going to watch two data we're going to watch the open interest data and see if this open interest spikes again if it spikes again that means somebody's coming in the market where they're long or short is it long or short well that you tell uh how committed the longs are by how much they're standing for actual delivery and that will tell you how committed the longs are versus how committed the shorts are if we see relatively anemic numbers like only 12 or 1300 contracts i don't know it may not be a continuation of the silver bull market we may come back down a little bit and correct for a while but i have a feeling longs are going to come in big time because silver really is undervalued most people think compared to its past history compared to its value compared to its use given all the fundamental issues we have in the economy so and so forth many people think the monetary demand for silver is only going to increase and so all this open interest will end up being mostly long but if these uh big bullying banks come in with their with their clients uh wanting to bid short and silver we could see the opposite we don't know but uh september is the battleground for silver based upon the volume we're gonna find this out the next month would be december but september is by far magnitudes of order almost 10 times more open interest than there is for december now for gold uh that is if we go back that battleground month remember is december so we're going to cover silver a little bit more closely uh for the next few weeks and then we'll get into gold and we'll kind of see where gold is going to go but that means and this is normal in in between these two precious metals silver is going to move more violently gold may follow that or it may not but it's going to move a little bit more slowly it's going to take a little bit more time to build up to that so guys we will definitely cover that for you guys as we move forward and uh real quickly i wanted to look at the depository statistics so we're going to start off with gold and this is just the the commodity exchange metal depository statistics report this one's for gold so we'll highlight that in a goldish color for you guys and then i've got one for silver two on another spreadsheet this is produced daily so this report date is from yesterday again they haven't published the 13 for today yet a little bit too early we'll get that probably uh early in the morning but it shows the overall amount of a gold sitting on depositories there's something i wanted to clear up and so it's not confusing for you guys when we look at which depository this is this is a depository for the comex so comex doesn't have one bolt it has basically sub-custodians that are recognized names in the field and have been approved to store on behalf of comex which is more of the the market itself uh the comex is the this you know quote-unquote market but there are participants these guys in bold here delaware depository hsbc brinks that are the people that store the metal so these uh these depositories obviously have a bunch of different customers so when i say brinks has so much registered and eligible gold or silver i'm not saying that brinks is the company actually trading that for their own book they have some in their own book or a lot of it could be their customer demand the way that the information is produced it doesn't break all that down for you we don't get to see on a transactional level every transaction that goes on so we're never going to know who's actually making uh who's actually wanting to store gold at these depositories and who's wanting to accumulate gold we can only look at this at a bulk level that's one of the issues of using comex data is we can't get to the transactional level but comex is actually more transparent than the other metals markets so we look more at the comics that the last sentence that i just stated will be the subject of a future video i'm doing research on the lbma in the shanghai when i'm done with that i'm going to bring that to you guys not quite ready to do that yet so right now we're just going to talk about the net activity for august 12 2020 which was yesterday for gold on the metal uh depository within these different depository participants so brinks tends to get a lot of action as we've been following this the last month so they have added 129 536 gold ounces to their registered category they lost 32 106 from eligible leaving them a net of 97431 just to go back and reiterate registered is that gold or silver or wheat or whatever that's available for delivery against futures contracts so that's the number we pay the most attention to that's where it could get delivery for the long standing for delivery the other number the eligible really is just storage that eligible doesn't necessarily it will it can't in that category be used for delivery and it doesn't necessarily have to roll up to register there's no one-for-one relationship there this eligible could just be storage that customers want in there and as you can see there were 32 000 ounces taken out of bricks today so somebody was taking that gold out does that mean that it was somebody that had uh received that gold as a pledge uh for a contract that delivered in the previous month from brinks and they took it out of eligible we don't know because there's not that level of transparency we're looking at the aggregate level all we know is net net today brinks lost 32 106 out of their eligible category for what specific transactions we don't know and they gain 129 for a net increase of 97. uh we saw a little bit hsbc only 16 000 came out eligible no change in their registered up here uh a big one overall it basically was springs so a total um if we look at combined total combined comex added the various vaults of custodians added 81 270 ounces uh 48 000 came out of eligible and 129 000 came into register what this tells me is today people increased 130 000 ounces for registering meaning they may deliver them against future contracts maybe that's in preparation for december we don't know that's the big month in gold but that's basically what's going on here so now i'm going to look at the silver edition so this is silver so we'll give that a little bit of a silver background color for you guys and this is again as a report for august 12th we saw a lot of activity here you can see a lot of highlighting going on cnt depository its total client base of which we don't know who they all are we don't have that transactional data at least in detail uh lost 242 offer registered maybe they you know that was delivery against a long futures contract they lost 1.5 million silver ounces against eligible which means somebody pulled it out of regular storage but not necessarily having to do with the futures contract we saw about 16 000 come out of eligible for delaware we saw 83 000 come out for hsbc we saw 1.194 million come in to jpmorgan chase to eligible so again not against a futures contract but overall boost their overall amount of silver that stored four jpm clients at their uh approved comex depository about 200 000 from mauka and overall there was about 239 000 ounces pulled off for silver pulled off of the the net comex depositories okay so we've had a lot of interest in past months people standing for delivery of silver now we're starting to see some numbers come off so that means that people are pulling it off most of it however was eligible so that doesn't have to necessarily mean it was for futures contracts could been for other things it could have been transferring to another exchange it could have been you know overseas more than likely it's just people taking their silver out for safe keeping maybe they're using it maybe it's a manufacturer storing it there and they're using it in their their manufacturing process again we don't know but for we're starting to see now a little bit come off and that's a positive sign that some drain is going on um there's one more thing i wanted to say about these depository statistics uh to clear up something or to add a little color or something i've talked about in previous videos this is going to take just a moment to explain this um i've said before that when people are standing for delivery and they're taking gold or silver out of registered uh which we we see in these depository statistics let's go back to these depository statistics and we'll go up to gold since the bigger number for now when we see people standing for delivery to the effect of 48 000 and 4 contracts of 100 ounce gold which would basically be about 4.8 million ounces um it doesn't mean that it actually comes out of comex uh it just means it's transferring hands so let's say you you you're jp morgan and you have a client base some of that client base is going along some is going short net net uh you're going to give up so many thousand ounces of gold in a month well that gold could actually stay on the comex it could just simply change hands from one comex participant to another and it may go from a registered account to an eligible account meaning that person is going to take it they're not going to put it for registered or maybe they need it for registered on their overall contracts maybe hsbc needs it because they're you know delivering gold against a long contract so they're going to put in registered these are all aggregate numbers and it's hard to trace exactly what's going on we just have to look at the nets but at the end of the day just because there are a long stain for delivery whether gold or silver doesn't mean it actually comes out of comics it could go to some other participant comics and they could choose to leave it on the comex okay so when going back to the discussion of force measure that we've had before and going back to the discussion of standing for delivery and taking out a comex so far i mean we're still sitting at 36 million ounces and that's the same as it was a month ago basically without a whole lot of change in terms of gold so a lot hasn't come off of comex that means it's basically changing hands on the comex now it still does drive the price up you know it still does drive the price of of gold and silver bug up as we look at the charts let me back back out to a i'm sorry a 12-year chart we're going to update this you know all the standing for delivery is bullish why is it bullish because this market is longs and shorts future bets and when more people stand for delivery than not as a percentage of the total amount of bets or what we call open interest it does drive the price up that doesn't mean the goal comes off the comics it's the participants of the comments battling each other okay so we're not at the point of force measure yet because we still have ample supplies of both gold and silver in registered category and maybe some could also come from eligible it's not pledged for other uses and we got you know right now 128 million ounces of silver that's pretty healthy a little bit came off 242 not a whole lot and some came out eligible but not a whole lot it's not you know we're talking very small percentages so until we see the comex actually get drained and people take it out of the comics and say i don't even want it on the comex you know that's when they could declare potentially forced measure um so we're not anywhere near there yet it's really the big voice battling each other this is not a retail market this is not us buying gold or silver from various retail markets these are the big futures contracts from the big boys the bullion banks the sovereign players like the nation states uh the manufacturers uh the miners and those guys basically they use these markets so it's not the individuals i just wanted to clear that up because there are some questions about that so we're nowhere near force measure right now we would have to continue to see a lot of standing for delivery for that to occur and i don't think we're there yet but in any case just last minute going back to gold and silver so we can wrap up this video it's been quite long you know i don't see gold doing the cup and handle right now back to 1655 based upon the the positive amount of standing for delivery the longs have they've captured that market in this gold volume i think december will tell us whether gold's going to pull back and make a sharp move into a cup and handle position or go forward until then i think it'll range trade somewhere around here now it got fraud about it above its all-time high and now it's starting to retas you can see if gold pulls back 1900 100 again it's just retesting that previous high in 2011. that's okay it's normal and if it goes through a little bit but then bounces back up we know we're still in that bull market and that may take a while because again the open interest is strongest in the december c ntract so it'll take a couple of months silver's different silver is rocketed up so quick and we have this big decision month coming up next month in september that i feel is that we're going to know much more quickly in silver whether we continue the bull market or come back down to this range trading level around you know 14 to 20 bucks that we've been in basically for about four and a half years or so well actually almost six years back dating back to uh late 2013. so we'll see we'll see what happens in silver we're gonna see what happens in silver first and then we'll see what happens in gold will silver's move predict what happens in gold it's very likely if it's that monetary demand it's that monetary demand that's driving up silver right here if we see silver crash through previous resistance levels okay look that means we're going to continue to have monetary demand for both metals gold's going to go up if we see silver crash back down and stay down for a couple of months until december where we're going to decide what's happening to gold maybe that monetary demand has cooled off and we'll know that by the open interest reports on a daily basis and on a monthly contractual basis so we're going to continue to track that for you in these videos and we'll continue to provide you more information again stay tuned for sunday when i add a little bit more detail to the volume charts and we get a little bit more into these spreadsheets on what this means on comex i'll provide a little bit more depth there and maybe we can kind of see longer term trends there that'll give us a clue as to what we may think will happen in september or december so please stay tuned for that i'll continue to build on this series as we go along a little bit of housekeeping again people are asking me in the comments do i understand the fundamentals in other words why are people getting into gold and silver in the first place while we're looking at all this transactional data on a month by month basis these are the decisions that traders are making in the futures markets they don't make those in a vacuum they make that based upon economic decisions and industrial decisions gold and silver are both industrial metals silver much more than gold but gold is used in electronics and for other things jewelry for example much more higher percentage of silver is used in industry so it has a higher industrial component those factors and how the economy is doing is going to affect the industrial components of each metal which will be different because it silver's more industrial now than gold is as a percentage of overall percentage mine that's used in those purposes but there is also an investment demand that's coming into the market which is causing these metals to rise and that's typical when investment demand comes in as a safe haven asset fleeing other assets you know due to low interest rates or uncertainty in the economy with the stocks and stuff like that it'll flow into the metals and and that's the other component and that's what we're looking for here and when we're talking about monetary demand we need to look at economic fundamentals so i'm going to start an economic fundamental series as well which is going to look at those fundamentals and that will give us a longer term view on these metals than just these trading charts do and maybe give us a better idea of where these are going over the next several months to six months to a year okay instead of just looking at sort of the day-to-day month-to-month type of stuff so i'll continue looking day-to-day month-to-month because we're in this big bull market but we're going to expand it out with some additional fundamental talk to give us a bigger view of what's going on in gold and silver and that's really going to give us the long-term picture of where we are and that'll get to to my roots as a cycle trader i look at cycles and the reason i'm in gold and silver is because of this this multi-year cycle and that comes from fundamentals so we'll get more into that as we go forward all right i'm gonna stop sharing now that's the report uh for this thursday hope you guys enjoy it i will come back probably with sunday again with some additional information and some market knowledge and prepare you for the week of what we think we're gonna see next week as we continue to march on in this gold and silverable market thank you guys very much for participating uh love to see your comments below please leave those for me if you guys are getting into this for the first time go back to my july 14 video where i predicted silver would pop it did four days later where i began teaching about how these markets work do that before sunday get caught up on the series and then by the time we get to sunday you'll be caught up and you understand about how this works and you'll be able to absorb that additional information i'm going to give you on sunday that's critical if you're new to this series of videos and if you're new ask questions below because i like to come in and answer questions and it also gives me an idea of what my audience is like and what information they need so i value that feedback please give it to me okay until next time guys this is rob gaines with goldsilverpros.com