Silver Spike...

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

  1. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Metal underwear must be a little uncomfortable in the nether regions?
    John, based on the font colours you use on a regular basis, it wouldn't surprise me if you wore bright pink underwear.
     
  2. JOHNLGALT

    JOHNLGALT Well-Known Member

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    My knickers are made of metal @SilverSale not paper, or digits. LOLOL. I hope you have some spare ones in your purse.
    Sorry you have trouble with my font colours, please go to the back of the protest bus, lol.
     
  3. alor

    alor Well-Known Member Silver Stacker

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    TreasureHunter and 66rounds like this.
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    If this is a double top, and tomorrow's fed meeting is bad news, it's definitely time to buckle up. If the sp500 hits 2600 it won't be coming back up for a long time
     
    Last edited: Oct 9, 2019
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  5. JOHNLGALT

    JOHNLGALT Well-Known Member

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    @66rounds I'll put this here because you seem to want to learn what is happening in the big, wide world out there. A history lesson from Peter Schiff, as well as a glimpse of our future.
    Peter Schiff - The Dollar is Going to Get Killed.

     
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  6. TreasureHunter

    TreasureHunter Well-Known Member

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    Yer Disneyland fonts :p
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Silver is going down, down, down... it'll sink down to 16-17 $, but a lower level would be around 15 $. I think.
     
  8. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    Is this theory gained from your own technical analysis of the charts? If so, I’m genuinely curious to know what patterns you’re seeing since I’m learning more about how to read charts
     
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  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Yes, I can read charts and I can usually guess when a correction is due. About 80% of the time. But I'm not chart guru.

    I recommend you to watch Alessio Rastani's channel on YouTube. He's doing periodical chart analysis and he's right on a plethora of things regarding the trends on the markets.

    But what I think now is also due is seasonal downturn. October-November frequently brings lower prices.

    Don't waste your time reading charts and learning about formations and indicators: WATCH THE NEWS, THE TRENDS. That's what moves the prices. Charts alone are stale theoretic phenomena...
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    Gosh, I love this photo you posted :D

    What, they started making "fiat PM's"?
     
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  11. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    The local coin & bullion dealers are dead... hardly anyone buying. This should tell you something ;)
     
  12. alor

    alor Well-Known Member Silver Stacker

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    ^ wait another year, we may have half the numbers
     
  13. JOHNLGALT

    JOHNLGALT Well-Known Member

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    It tells me you are still on here to try to distract people away from buying REAL PHYSICAL MONEY.
    Yes, you are right. What it tells me is that there is not enough Silver out there that people can buy without bidding the price of 'REAL PHYSICAL MONEY' up, using a fiat measuring stick.
     
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  14. Slimey

    Slimey Well-Known Member

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    Very clever........"..not enough Silver out there that people can buy without bidding the price of 'real physical money' up...."
    I see the same thing happen with Mangoes and Grapes during the winter...that fiat measuring stick really comes undone then.
     
  15. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    Appreciate the response! Will definitely have a look at his channel. I’ve always been a bit of a news nerd, but I figure that having some degree of knowledge in analyzing charts is just another bow in the quiver.
     
  16. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    @ mongrelmaple. study this one! ... "Ichimoku cloud". It takes a little time to get your head around it but once you do it gives enormous insight on what is happening short, mid, & longterm on anything you follow in the markets ... well worth the study
     
  17. SilverDJ

    SilverDJ Well-Known Member

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    Name one that's gone out of business recently, apart from Perth Bullion that was an ATO debt issue.
     
  18. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    o_O Everything is a Conspiracy to you, John... :rolleyes: Try another 'C' word instead - contrarian.

    Also this 'C' word - clueless - the general public is generally clueless as to what is about to happen in the markets, and more often than not invest at the wrong time.

    This might surprise you but I actually swap between bullish & bearish depending on what the market is doing. Note who started this thread, at the beginning of this run north, which is titled 'Silver Spike' lol

    Never said bullion shops were going out of business - however they have been extremely quiet in recent weeks.

    Gold and silver are both on the verge of a breakout... which should occur tonight! Enjoy..
     
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  19. alor

    alor Well-Known Member Silver Stacker

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    when there are crowded, there is money to be made by selling to the crowds
    you make that money when you bought it, when prices are low, like being given out away almost for free...when its is almost like being abandon, like being shun and hated
    rising prices would attract the general public, this is where they jump in to join the crowds like in 2011
    no body ask about gold when it was $250 /oz, gold smiths were with empty stores, no people...dot gone bubble in 2000-1

    [​IMG]
     
    Last edited: Oct 15, 2019
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  20. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Why tonight? What will be the trigger? I was suspecting another week of sideways movement.
     

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