Silver Spike...

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

  1. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Screenshot_2019-12-10-14-39-49-819_com.android.chrome.jpg
     
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  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    Sideways from 14 to 18. I want some more of that!
     
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  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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  4. openeyes

    openeyes Well-Known Member Silver Stacker

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    Bitcoin over the last year. Look familiar. Shares will look better. CJ I still think you’re lost. This forum is for people that are interested in PM’s. Those boring things your refer to.
     
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  5. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    After breaking out, gold simply came back & re-tested the trend-line support...

    All systems GO!
     
  6. Davros10

    Davros10 Well-Known Member Silver Stacker

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    It's dragged on a little, but I reckon just about done.

    The next dip below US$16.50 is probably the best buying opportunity for the next 4 years or so.

    My main source of analysis is https://www.wavepatterntraders.com/

    This guy provides a free weekly update that also agrees with this reading
     
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  7. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Thanks for that, subbed. Comments suggesting 250 USD gold. Just about wet my pants at the thought of $2500 10oz bars. Will never happen though, charts are good for suggesting trends but reality dictates what actually happens. How many mines would collapse at that price?
     
  8. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I'm tipping.... US$1500 gold tonight :)
     
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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    That would be right, the day before I want to tip some more cash into unallocated :mad:
     
  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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  11. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    With USMCA being / to be passed by US House of Reps now, I'd expect a drop in the gold price and rise in stock market as the USMCA is good for US businesses and the economy.
     
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  12. Silver260

    Silver260 Well-Known Member Silver Stacker

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    I'm expecting this to be one of many more "positive" economic announcements, between now and November next year. All of which will put downward pressure on PM's. Trump wants to get reelected, and will pull out all stops.

    I'll be keeping a close eye on the upcoming election. The exciting part would be if the Democrats got a suprise win, as I think we'd see metals rocket up, even if only temporarily.
     
    Last edited: Dec 11, 2019
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  13. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Also interesting how the Brits vote tomorrow. Should BoJo fail to get clean majority the situation will get quite nasty&sticky. :eek:
    "The polls all agree: in England and Wales, Labour is closing the gap on the Conservatives. YouGov’s MRP model, which correctly predicted a hung parliament in 2017, is the latest to show the same trend, with the Tories’ projected majority falling from over 60 seats to just under 30."

    Screen Shot 2019-12-11 at 7.32.07 pm.png
     
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  14. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Not sure if the UK polls can be believed. This is effectively a one issue election on "Brexit" and many a Labour held seat voted for Brexit in 2016.

    One thing for certain, the UK's "first past the post" voting ensures a quick result on the night. If Boris gets the majority on the night he needs to get Brexit done...deal or no deal" come Jan 2020, will be interesting to see how the markets react.
     
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  15. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Sportsbet still have the Tory's odds on for a majority, but then again they had Shorten / Labor winning earlier this year and offered 7 to 1 on the LNP for 76-80 seats lower house.

    upload_2019-12-11_20-58-23.png
     
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  16. madaw1

    madaw1 Well-Known Member

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    Maybe not tonight-definitely next year-I would agree with:
    Does makes sense....
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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  18. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I bought my first gold coin, a maple, at just a little over USD 250. At that time it was a novelty buy as gold wasn’t even considered an investment, more of a metal whose only purpose is for jewellery and wedding gifts. In my opinion, the sentiment on gold around year 2000 was worst than silver today.
     
  19. 66rounds

    66rounds Well-Known Member Silver Stacker

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    My generation completely missed that opportunity and most are now missing this current bottom too. Yesterday is always a better time to buy than today
     
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  20. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I am interested in silver and how poorly it is performing as an investment
     
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