My call on silver spot to end the year 2026
- Thread starter spannermonkey
- Start date
Comex can make up whatever rules they want at any time, like they did in 1980:
"On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets."
en.wikipedia.org
"On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets."
Silver Thursday - Wikipedia
I bought at $170 an oz .50% fall in 2 monthsI feel sorry for the people buying for the first time above $150.
That why you Don't take financial advice from some random guy on youtube.
And still looking at 3 or 4 1 kg bars .
I buy whenever I have $ burning holes in my pocket .
Price is irrelevant to me , how much over spot is more important to me .
that's just me .
Carry on .
Touched the 200 day EMA today - let's see if that provides some kind of support or if it just keeps falling through it
I was comparing to 2011 and time frames much shorter this time round.
The rebound after the crash in 2011 panned out for 5 months whereas this one only lasted 5 weeks
I was comparing to 2011 and time frames much shorter this time round.
The rebound after the crash in 2011 panned out for 5 months whereas this one only lasted 5 weeks
Interest rates in 2011 were about 0.25% in the US in 2011.
That may explain the contraction of the timeframe and the elongation of the spike as a kind of "opportunity cost" speedup of the fundamentals price action.
On the more eyebrow raising side, you havent accounted for the "Assassination" of a terrorist "Leader" effect.
Some nefarious consortium of insider traders probibly fat-fingered the wrong date in the secret comms and their shady bankster enclave rigging the the markets tanked it a month early.
Surprised that the AI didn't know about it though, unless its intercepting comms on the interwebz already.