rock paper scissors
market vibes
December 23…)
"Never allow yourself to get caught without a loose million handy" Nathan Mayer Rothschild
How many times in 2025 have we seen a chart like this? Nine consecutive days of higher highs and higher lows (or lower lows and lower highs last April). Rising open interest and rising volume? Many times! Silver, gold… stock indexes are littered with these auctions in 2025.
How many times have you been to an auction in a back yard or an estate sale or at Christie’s or Sotheby’s and heard the auctioneer ask the room, “I have $1000, do I have eleven hundred?” And so forth up and up until the item sells at whatever increments higher. In this case (chart below) platinum is still in a heated auction starting at $1750 and currently offered at around $2250. Do I have $2250??
When we say “the auction” in market vibes, this chart above is an example of it. As you can see the entire room is engaged and active. Open interest and volume are rising indicating everyone has their paddles up. Prices are stuck to their highs every hour of every day…indicating unfilled buyers. So, lets take a closer look at auctions this morning. How they work and what they can tell us.
