Silver Spike...

Discussion in 'Silver' started by SilverSale, Jun 14, 2019.

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  1. SilverDJ

    SilverDJ Well-Known Member

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    Silver has now lost multi-month support.
    US$16 may not survive.


    upload_2019-11-12_22-30-33.png
     
    SilverDJ, Nov 12, 2019
    #401
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  2. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Took my major short position at around 3100 SPX :) Full moon last night.
     
    SilverSale, Nov 12, 2019
    #402
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  3. openeyes

    openeyes Well-Known Member Silver Stacker

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    Wish you every success. Will be watching.
     
    openeyes, Nov 12, 2019
    #403
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Averaging down is always good. I would welcome 16 or 15 again but....yeah ain't gonna happen any time soon haha. Until the actual crash maybe.
     
    JohnnyBravo300, Nov 13, 2019
    #404
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  5. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Lower prices are good, I was worried when the price was at $19.
     
    sgbuyer, Nov 13, 2019
    #405
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  6. openeyes

    openeyes Well-Known Member Silver Stacker

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    If the price goes up I like it because my stack is worth more and also people start bringing all sorts of items to the market that we haven't seen for a while.

    If the price goes down I like it because the cash pile that has been building can be utilised to enlarge the stack.

    If the price stays the same then I can wait and pick up the nice items I am interested in as they come along.

    I have a long term view and am happy with whatever happens.
     
    openeyes, Nov 13, 2019
    #406
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  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    The cost averaging strategy I'm using has flaws. I started buying over a year ago so when I saw metal prices going up, it was bad as I'll be cost averaging up. I was tempted to make a big buy when silver was $18 and gold at $1520. Luckily I managed to resist it and continued my regular cost averaging monthly buys. It is important not to deviate from the strategy regardless of how the market performs.
     
    sgbuyer, Nov 13, 2019
    #407
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  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    A beautiful spot to go long metals imo.

    silver_long.png
     
    SilverSale, Nov 13, 2019
    #408
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  9. openeyes

    openeyes Well-Known Member Silver Stacker

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    We should get a bump up before the next leg down.

    What do you think silversale? Will we see a new high for silver and gold?
     
    openeyes, Nov 13, 2019
    #409
  10. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I've looked into my crystal ball and I'm seeing an initial quick run up to US$20 for silver :)

    As always, don't trade based on my thoughts. ;)
     
    SilverSale, Nov 13, 2019
    #410
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  11. openeyes

    openeyes Well-Known Member Silver Stacker

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    You got me there. If we got to the 2016 top or there abouts I will be very excited. I don’t see it just yet. I think we will see a bigger dip before going up there. If gold breaks $1520 then I will join you. Otherwise it’s $1350-1360 in gold.
     
    openeyes, Nov 13, 2019
    #411
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  12. Davros10

    Davros10 Well-Known Member Silver Stacker

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    I'd reckon SilverSale is spot on. I've just bought again for a roughly 3 month 5th wave (Elliott Wave) move above US$20.
     
    Davros10, Nov 15, 2019
    #412
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  13. Gonzo

    Gonzo Active Member

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    I just love these quotes!! Don't get me wrong, I'm a perma bull always thinking the next move is upwards, I just love the juxtaposition of these quotes together.
     
    Gonzo, Nov 15, 2019
    #413
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  14. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Get ready for some big moves.. in my humble opinion :)
     
    SilverSale, Nov 20, 2019
    #414
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  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    sgbuyer, Nov 20, 2019
    #415
  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    That'll be a first! ;)
     
    mmm....shiney!, Nov 20, 2019
    #416
  17. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Quality well priced items are just sitting untouched in the for sale threads...

    Time for an explosion I feel.
     
    SilverSale, Nov 25, 2019
    #417
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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Reverse indicator? The sentiment back in Q2 2019 was definitely worst. There was literally panic selling.
     
    sgbuyer, Nov 25, 2019
    #418
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  19. slavaja

    slavaja Well-Known Member Silver Stacker

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    Agreed
     
    slavaja, Nov 25, 2019
    #419
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  20. openeyes

    openeyes Well-Known Member Silver Stacker

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    What’s your currently feeling?
     
    openeyes, Nov 25, 2019
    #420
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