Did we hit bottom?

so what's everyone think did we hit bottom the other day?? Or is this just a bounce?

 

Bounce off the bottom.

 

Thats the bottom !

 

I would not be so quickly in calling it the bottom.... it would be nice if it is...but, we know how paper derivatives can be dumped in massive volumes and bring down the house....

The main goal here is accumulate the PHYSICAL.... forget about the price in paper.... the Physical price to the paper(derivatives) price have decoupled since 2013 in my honest opinion....


Keep in mind the Comex, GOFO and US Mint shortages in Gold and Silver..... that's what makes this game of wealth transfer interesting...


cheers

 

I have a feeling next Friday it will drop to the $14's.....

(so since I made this prediction, it prob won't happen)

....So yes this may just be the bottom

 

Bounce would be my guess, and that's all - a guess. Stopped believing in my ability to call gold or silver a year or so ago.
To qualify as more than a bounce it must rally above the ~18.50 triple low prior support. I'm not at all excited or even cheered yet. JIMO

 

No we haven't. Bullets are still flying in Ukraine... America have got Russia by the balls and are still in the process of crushing their economy. The grip is slipping on Gazprom though. I reckon we will see $10/usd silver.

 

I'm just worried thatguy has just placed some more shorts.

 

I'm going to buy Call options. So, no, it's probably not the bottom yet.

 

Maybe Russia is thinking a good ole fashioned war will rescue them.

 

I don't believe we have hit bottom but I wouldn't bet my house on it.

 

Russia had some major second agreement with partner China.

Ukraine will continue, but without much food, it will not be major move there.

Russia is fully aware on the economic war, ie BRICS

We had a 8.50 bottom before, then a 25 bottom, then a 21 bottom, then 17 bottom; now we are at the 15 bottom

but the question is next on 14 bottom or an 18 bottom :lol:

 

My research has led me to believe this is the US strategy, and has been for some time now.

 

Bottom in silver won't be in till we hit $14 USD. Of course, the market will behave as normal until that time (meaning usual volatility). But the trend is still bear (consolidation) bar any very significant unforeseen event(s).




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Russia doesn't care about fiat anymore hence their record buying of gold.

 

The USD index is at a major resistance level that goes back to February 2009

http://www.investing.com/quotes/us-dollar-index

If it closes weekly above 88.15 then gold and silver are heading further south

 

Better make it put options then ... or are you saying you're a contrary indicator?

 

Confucius say... man who hit bottom get slap in face.

 

all week I've been thinking how sad it is I bought and missed bottom, my shiny new stack already worth less, now things are looking up, Aussie down a little, and now I'm disappointed because I wanted some more on the cheap.

there's no satisfying some people.

I was really looking forward to some $1500 100oz PM bars.

 

Yeah, when it hit $15.08, I was telling myself "Nahh, it'll get lower. I'll just wait."
Nope..