Crypto Traders Watch Gold, Silver and Oil · Pre-Market Brief
The hammer fell at 2 a.m.: ten Fed votes held steady, while two dissented in favor of a hike. The Chair said the Fed could act at any time—December’s hammer is coming; why rush? You’ll get your turn. This morning: silver is bullish, gold is sitting out, and oil is catching its breath. Buy silver on a pullback to 53.3; exit if it loses 52.7. Upside targets: T1 54.7, T2 56.0. Buy gold at 4050; exit below 4040. Buy WTI on a pullback to 101.3; exit if it loses 100.5. Accumulate 161226 Silver LOF on dips.
Dissent Louder Than the Hammer
The dollar plunged to 101.9, then slipped back to 102; Treasury yields rose to 5.03%, and the odds of a December rate hike hit 86%. No move—yet it sounds even more hawkish than a hike. U.S. stocks were all up: Dow +0.19%, Nasdaq +0.27%, S&P 500 +0.28%.
Silver: Steady Abroad, Bowed at Home
New York silver was flat at 53.69 this morning, but Shanghai silver plunged to 12881 in overnight trading, down 1.67%. Silver remains below the MA5 at 54.04. The double bottom at 53.0 and the false-breakdown level at 52.7 are the floorboards; only a move back above 54.2 puts a rebound back on the table.
Chart: COMEX Silver Daily Candlestick Technical Analysis (Oct. 5–morning of Oct. 29 · America/Los_Angeles time; red = up, green = down; the final candle is the ongoing electronic session this morning, snapshot at 53.69; bars show intraday range, as COMEX electronic trading has no centralized trading volume)
Gold Sits Out, Oil Catches Its Breath
Gold opened flat at 4050 this morning, surged to 4081 in electronic trading, then plunged $31. After the Houthis struck the refinery, WTI settled at 102.78 yesterday, up 2.9%, and was catching its breath at 101.95 this morning. SC overnight trading closed at 737.5, up 2.09%. Don’t chase if the day session opens higher.
Digital Gold Takes Over the Shift
$BTC 81,076 and $ETH 2,354 each rose 0.4%—real gold is sweating bullets, while digital gold steps in and acts cool.
9 A.M. Opening Bell Checklist
Shanghai gold 867.9: buy at 866; exit if it loses 864. Shanghai silver 12881: buy at 12860; exit below 12800; target 13050. SC: buy at 730; exit if it loses 725. Scale into 161226 on pullbacks.
The hammer fell at 2 a.m.: ten Fed votes held steady, while two dissented in favor of a hike. The Chair said the Fed could act at any time—December’s hammer is coming; why rush? You’ll get your turn. This morning: silver is bullish, gold is sitting out, and oil is catching its breath. Buy silver on a pullback to 53.3; exit if it loses 52.7. Upside targets: T1 54.7, T2 56.0. Buy gold at 4050; exit below 4040. Buy WTI on a pullback to 101.3; exit if it loses 100.5. Accumulate 161226 Silver LOF on dips.
Dissent Louder Than the Hammer
The dollar plunged to 101.9, then slipped back to 102; Treasury yields rose to 5.03%, and the odds of a December rate hike hit 86%. No move—yet it sounds even more hawkish than a hike. U.S. stocks were all up: Dow +0.19%, Nasdaq +0.27%, S&P 500 +0.28%.
Silver: Steady Abroad, Bowed at Home
New York silver was flat at 53.69 this morning, but Shanghai silver plunged to 12881 in overnight trading, down 1.67%. Silver remains below the MA5 at 54.04. The double bottom at 53.0 and the false-breakdown level at 52.7 are the floorboards; only a move back above 54.2 puts a rebound back on the table.
Chart: COMEX Silver Daily Candlestick Technical Analysis (Oct. 5–morning of Oct. 29 · America/Los_Angeles time; red = up, green = down; the final candle is the ongoing electronic session this morning, snapshot at 53.69; bars show intraday range, as COMEX electronic trading has no centralized trading volume)
Gold Sits Out, Oil Catches Its Breath
Gold opened flat at 4050 this morning, surged to 4081 in electronic trading, then plunged $31. After the Houthis struck the refinery, WTI settled at 102.78 yesterday, up 2.9%, and was catching its breath at 101.95 this morning. SC overnight trading closed at 737.5, up 2.09%. Don’t chase if the day session opens higher.
Digital Gold Takes Over the Shift
$BTC 81,076 and $ETH 2,354 each rose 0.4%—real gold is sweating bullets, while digital gold steps in and acts cool.
9 A.M. Opening Bell Checklist
Shanghai gold 867.9: buy at 866; exit if it loses 864. Shanghai silver 12881: buy at 12860; exit below 12800; target 13050. SC: buy at 730; exit if it loses 725. Scale into 161226 on pullbacks.
