Best time to sell Q1 2021

Discussion in 'General Precious Metals Discussion' started by sammysilver, Jan 5, 2021.

  1. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    The best time to sell over the next few weeks is:

    Gold at US2,125 or AUD2,850.

    Silver at US30 or AUD40.50.

    AUD at $0.70

    Sell whichever comes first. Wait awhile, then buy back in on the dip.

    Rinse and repeat Q2.

    changed .8 to .7
     
    Last edited: Jan 5, 2021
  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Which little birdie whispered this in your ear?
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    This assumes that GSR won’t change? Gold is much more difficult to trade than as compared to silver or bitcoin.
     
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  4. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Give us a break, I have three ears. One’s American, one’s Australian, and the other’s on her knees.

    My left ear, my right ear, and my wild frontier!
     
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  5. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I'd much rather trade the GSR than trade for fiat profit
     
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  6. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    US, AUD, and the dollar are all rotating around each other. The moment one of the indicated levels is reached, I intend to offload and buy back later.
     
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  7. Jason1

    Jason1 Well-Known Member

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    Is it true that one eared woman give good blowies?
    asking for a friend lol
     
  8. Oddjob

    Oddjob Well-Known Member Silver Stacker

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    If you told me the AUD would be 0.70 or below, then I may think about taking some cash off the table and wait a while for a dip, but the AUD at 0.80 for me still means "buy and hold" time for the present....cos as always with the AUD, what goes up, comes down and it's usually is a hurry plumbing the same levels in the 0.60's post a big run up....we should call the AUD the " Icarus".
     
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  9. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    I stand corrected, I meant 70 cents as per some previous thread. A senior moment.
     
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  10. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Your pivot to ag is smart move. I'm tempted to do so but the logistics and premium will be problematic, and I don't want to buy SLV or use allocated.
     
  11. 66rounds

    66rounds Well-Known Member Silver Stacker

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    What would have been smart is if I bought when it was 1:100 and silver was $20 AUD :D
     
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  12. Silverling

    Silverling Well-Known Member Silver Stacker

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    In March 2020 the AUD hit .57c USD. Since then it has climbed up to .77c USD. This is a massive 35% increase against the the USD, all in the space of 10 Months. One of my sources is telling me that a move to .78 - .80 is possible. Higher AUD = Cheaper metal prices, I would hate to be buying metals at the .57c mark. Good luck out there.

    Screen Shot 01-06-21 at 06.25 AM.PNG
     
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  13. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    We would have to be either very lucky or very skillful to catch the bottom. If it's luck, it won't last forever, one can't be lucky all the time, same reason why almost all gamblers in a casino lose it all eventually, be it money, health or family - it doesn't need to be monetary... One could actually make lots of money but lose the relationship. Making too much, too quickly and too easily is also dangerous. Make the money through hard work, even if it's a pittance, your partner and your kids will appreciate it more.
     
    Last edited: Jan 6, 2021
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I think 2021 will be the year I stop buying in small increments and start saving cash for pullbacks
     
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  15. Jamie watson

    Jamie watson Active Member

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    Shoulders and knees people,a better range to trade in.hasnt failed me yet.you dont chase a shooting star,or try to catch a falling knife.less risk broader base.
     
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  16. Silverling

    Silverling Well-Known Member Silver Stacker

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    Cracked it already, sitting at .781c USD now.
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    A just used ms paint to create a side by side comparison of bitcoin (bottom chart) and gold chart (top chart). The correlation ended in mid-2019 when gold rallied hard while bitcoin languished.

    upload_2021-1-6_20-12-32.png

    In comparison, the trend for silver (top) and bitcoin (bottom) looks strikingly similar! Any thoughts?

    The charts are in USD. A similar comparison in AUD might be interesting.

    upload_2021-1-6_20-17-30.png
     
    Last edited: Jan 6, 2021
  18. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    "Any thoughts?"
    I notice that the up arrows are followed by down arrows so does that mean both will go down next?
     
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  19. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Those charts only show the past paper price and nothing else.
    It doesnt reflect physical price or average premiums. Only paper.
    Theres no real info there.
     
  20. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

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    All the real info's happening at the Capitol right now.
     
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