The current price move is a nightmare for weekly traders and three-day traders but a boon for intraday traders. We just need to focus on key short-term support for gold, silver, and copper. The lowest price in March is the lower price base for the continuation of the bullish trend. Price is trading much much over lowest price of March. (2026).
Trafigura Turns to Tether as Stablecoins Take on Commodities
The pilot would focus on facilitating payments in petrol stations operated by Trafigura’s fuel distribution arm, Puma Energy, in El Salvador, according to people familiar with the matter, who said the discussions are at an early stage and subject to regulatory approvals. Tether declined to comment. A spokesperson for Puma Energy said the firm “regularly explores new payment options to improve customer convenience and meet evolving payment preferences.” Discussions about the El Salvador project “remain at an exploratory technical stage,” the spokesperson added. The pilot in El Salvador, a hub for the crypto industry, is the first known collaboration involving stablecoin usage between Tether, issuer of USDT, and a major commodity trader. It comes as the crypto giant ramps up its push into the natural resources sector.
Previously, Tether has said it financed a crude oil deal between an oil major and a commodity trader without naming either and without specifying whether the transaction was done using USDT or in dollars.
MY VIEW ON THE ABOVE: Stablecoins will replace the US dollar. Stablecoin will be controlled by the cabal that controls politicians in the USA. The world will still be controlled by the same group. Physical gold and physical silver are the best hedge to prevent us from getting controlled. Trafigura is getting maximum benefit under Trump 2. I will not be surprised if Trafigura blackmails Asian countries, as they control the supply of precious metals, ferrous and non-ferrous metals, energies, and soft commodities. Nations are aware of Trafigura and Glencore's control of commodities. I hope they are taking steps to prevent future blackmail by them. (Other than in Russia and in China, most of the global commodity trade is controlled by four to five corporations, all held by Jews.)
Nationalization of commodity companies, mining companies, is the only way forward for India, Asia, and the rest of the world. (if they want to prevent indirect control of their countries). The Trump family has secured major mining rights in Kazakhstan. Their next target is Baluchistan in Pakistan, among others.
Irrespective of the price volatility, spot gold has yet to see a sustained fall below $4400. Spot silver has yet to see a sustained fall below $72.00. There will be rallies as long as these prices hold, AND/OR the next wave of sell-off will occur only if spot gold trades below $4400 on any day during the USA session. Spot silver will crash only if it trades below $72.00 in the USA session.
I am against leaving any intraday open positions for the next trading day. The CME gold futures will expire after ten days. Gold will be more volatile than the rest.
Spot Silver – Current Market Price $75.47
- 100 day simple MA: $80.50
- 50 DAY SIMPLE MA: $75.99
- TODAY VIEW: Spot silver to trade over $75.30 to be in a intraday bullish zone and rise to $77.68, $80.57 and more.
- Watch $75.30. Spot silver can move $3-$4 either side from $75.30.
- Views are intraday unless otherwise specified.
- Low risk traders and low risk takers trading in silver (spot, future and ETF) should preferably be an intraday trader till end June. I expect a big gap open in Asia (Singapore open) every day till end June in spot silver.
- A systematic investment plan (SIP) or monthly SIP (physical or ETF, your choice) is the best way to invest in silver for the low-risk takers.
- Derivative trading in silver is not for the low-risk takers.
- Please asses your own risk profile if you intend to do derivative trade in silver or trade in silver future in any commodity exchange of the world.
DISCLAIMER: The investment ideas provided is purely independent view point and are solely for collective learning and for academic interests. There is no commercial benefit accruing or have deemed to accrue to me out of providing such investment ideas.
The investment ideas shared here cannot be construed as investment advice or so. If any reader is acting on these advices, they are requested to apply their prudence and consult their financial advisor before acting on any of the recommendations made here. I am not responsible to anybody in the event of profits and losses (if any) upon acting on such advice.
I hope that our reader is aware about this well aware of the risk involved in trading in commodity derivative trading.
Disclosure: I trade in India's MCX commodity exchange. I have open positions in India's MCX commodity future. I do not trade in CME future or OTC spot gold and spot silver.
NOTES TO THE ABOVE REPORT
- ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED
- Follow us on Twitter @chintankarnani
- PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
- PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
- THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
- ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.
- ALL NEWS IS TAKEN FROM REUTERS NEWSWIRES.
- TECHNICAL ANALYSIS IS DONE FROM TRADINGVIEW SOFTWARE
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