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Tuesday, June 3, 2025

Covering the Latest Pump 'n' Dump Target on Gold, Silver, Copper, Metals, Miners

Wow, this market really sucks, unless you're in with the boiler room crew who continues to rotate from one worthless sector to another; from metals and miners, to Crypto, to Natural Gas, and back to Crypto again. What a life...! lol 

 Miners actually outpaced metals... with the silver miners closing 2% higher than the Silver market.

 I think Silver could go as high as $45 in 2025, and IF the short squeeze in silver miners continues I see a possible 15.75 target on the $SILV, in the near term.  

$SILV Amplify Silver Miners ETF - shorts being squeezed at the right shoulder target.  

  


 To be clear; I'm not suggesting anyone should chase yesterdays Monday morning surprise in metals, and miners. Quite the contrary!  

Who's behind the pump?  

The usual suspects at FXStreet and elsewhere 

I suspect this is also a CNBC Pro trade, as the only way they could possibly hold onto their new members is organizing short squeezes, and this is something Jim Cramer has a lot of experience with, from when he used to work at the Goldman Sachs hedge fund.

I watched a little Fast Money (not mad money) last night, just to see if anyone would mention Gold or gold miners, and I didn't have to wait for very long...

There are the same people who will tell you that stocks have traded into a "V bottom", and encourage the retail investor to keep buying mag7 tech stocks, because they are leading... lol  

 These are the same folks who have been pumping miners since they led the Santa Rally - 6 months ago - and if you have any trading experience I think you can imagine what comes next.  

 These are the same clowns who used to use me as a contrarian indicator. Today I return the favor by exposing their pump 'n' dump schemes. 

The Pump and dump wikipedia

Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump). Once the operators of the scheme "dump" (sell) their overvalued shares, the price falls and investors lose their money. This is most common with small-cap cryptocurrencies[1] and very small corporations/companies, i.e. "microcaps".[2]


 The rotation 

3 weeks ago it was Crypto, and Bitcoin (priced in $USD) which actually traded to new all time highs, before being dumped - immediately after the spring "Crypto conference". Totally Orchestrated   

Crude Oil  

We also saw bargain hunting - if you can call it that - in crude oil markets, while the Bloomberg commodities index was jacked above the 50 day moving average.  

Did Bloomberg even report this historic 1 day move in commodities once? You can bet they didn't!  

$DJP -  iPath "Bloomberg" Commodity Index 

 See where the bid raised above the 50 day moving average on a Monday surprise - after 4 straight days of selling. That's the perfect example of an engineered short squeeze, and you can find the same thing in $UNG Natural Gas yesterday  

 You don't have to look too far in order to find the perpetrators, who flood the news feed with bullish stories... but I'll be surprised if you heard this "2.5% rally" even reported by the major networks. 

Should you short Metals and, or miners?  

If you have to ask... then probably not.  

You are really better off trading the commodities sector than highly manipulated sub sectors like Silver, and you should already know what to do when support breaks.

Another less dangerous way to go about this would be to short the materials sector, which traded to a new recent high, on yesterday's Monday morning surprise. 

$IYM iShares US Basic Materials  - this is way less volatile than trading individual commodities 


 

You will have to chart your own downside targets, because I don't work for free.  

GL, AA 

 

    

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