$28.00 Silver.

Discussion in 'Silver' started by Shaddam IV, Sep 3, 2019.

  1. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    well looks like what goes up QUICKLY explodes and comes back down very quickly AS PREDICTED
     
  2. Tokyo

    Tokyo Active Member

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    pricing 3 rate cuts this year, should be good for PM .
     
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  3. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    were not getting 3 x rate cuts here
     
  4. Tokyo

    Tokyo Active Member

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    In US
     
  5. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Anybody with a glancing interest in capital flows saw this coming, no real suprise.

    Equities, Gold, Silver, Oil, ect... Down. Bonds up. Its the same old story, whenever SHTF. Our poor little monkey brains can't handle sudden change, so we collect all our bananas up, curl into the fetal position, and wait it out...

    The real question is, where's the money going to flow , once the dust settles?
     
    Last edited: Feb 29, 2020
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  6. Tokyo

    Tokyo Active Member

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    Cot reading and volume on chart shows flow, once we pivot/impulse time for me to calculate next potential target, by using fib/Elliott for both bear&bulls target then follow the trend
     
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  7. Tokyo

    Tokyo Active Member

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    Sorry i should point out all important gold/silver ratio resistance
    1:96-97 is big confirmation level that we peak or if we take out 97 and should trigger fast impulse to next 108 level & maximum 114-116 .
    Interesting to see following Fibonacci & Elliott count nicely.
    For now waiting for price action at 96-97 ... I be back to update
     
  8. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    I can tell you where it wont go and that is into silver so pick literally anything else ( even dog turds) and you will do better
     
  9. Silver260

    Silver260 Well-Known Member Silver Stacker

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    You seem to possess insights that few others do.

    Is this opinion based upon extensive research of historical trends in capital flows, or your own bitterness?
     
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  10. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    research and observation over the last 5 years you could have thrown a dart at a dart board filled with stocks and still most likely had a far better outcome than buying silver
     
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  11. Silver260

    Silver260 Well-Known Member Silver Stacker

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    Absolutely.

    But as my superannuation fund likes to say, while it loses all my money..... Past performance is not a reliable indicator of future performance :)

    Edit : And FWIW, past trends would say that in financial SHTF scenarios, both gold and silver do well. But it's all guesswork at the moment.
     
    Last edited: Mar 3, 2020
  12. bubblebobble2

    bubblebobble2 Administrator Staff Member Silver Stacker

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    we should... so the banks are paying US with interest on our homeloans
     
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  13. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Maybe time to resurrect this thread given price movement.

    upload_2020-7-15_18-27-14.png
     
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  14. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    Perhaps the spot price is meaningless in these times. ???

    We kept getting told that there is no supply issue with regard to raw stock but Perth's refinery is working 7 days a week
    and can't meet demand.
    Perth are buying back coins from overseas dealers and dribbling them into the market.
    Bullion dealers in Australia aren't doing so well; they just can't get the coins and bars the market wants.

    So spot is probably meaningless at the moment, it's now a game of who's got metal.
    Basically, it's a shit-fight trying to buy. Allocations are very low, retail for the recent silver Emu is 20 coins per account.
    Recent Pixiu, down to 20 and sold-out in a blink.
    Koalas were there one moment and gone the next.

    Supply is down, premiums up, spot is up and the market is starting to awaken to the realization that these are
    times nothing like we saw in 2010, 11, 12.
     
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  15. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Good points!
     
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  16. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    If it busts through $19.40USD..... It will be happy times. Fingers crossed ;)
     
  17. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    And, as the AUD hangs like a drone at 0.6999, the batteries could run out at any time.:eek:o_O
    or
    As we ride over the winter hump and gather the virus like a farmer pulling "farmers-friends" out of his
    woolen pants, the US could see a nightmare unfold as they progress towards "fall" and winter.
    Visions of "Beyond The North Side Of The Wall" emerge.:eek: ;)

    Uncertain times for all.
     
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  18. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    Heading towards AUD28.00 as I type. If it don't break through its going to have a head flatter than Herman Munster after banging around the AUD27.00 level for the last period.
     
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  19. bretto

    bretto Active Member

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    looking good.
     
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  20. maverick

    maverick Well-Known Member Silver Stacker

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    Here we go . . . . . .
     
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