How much steam is left in the PM trade?

Discussion in 'General Precious Metals Discussion' started by mmm....shiney!, Jan 22, 2023.

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  1. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Yes to both...I feel they will change direction sooner now because they broke the wrong thing.
    They altered stance in the space of Sunday alone.
    ie - Sunday Morning Yellen was totally opposed to any form of bailout...this stance changed Sunday afternoon.
    Fallout may be less months of Fed interest rate increases than originally planned for this year...cant reign in one end while printing at the other.
     
    Stoic Phoenix, Mar 14, 2023 at 12:33 AM
    #241
    mmm....shiney! and JohnnyBravo300 like this.
  2. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    In the end i bet saving the system will take precedent over beating inflation.
    They can make the official cpi show anything and call it good enough.
     
    JohnnyBravo300, Mar 14, 2023 at 12:48 AM
    #242
    Real $, 66rounds and sammysilver like this.
  3. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Yes, they can, and they have been cooking the books on the real inflation & jobless numbers since the 1980s, which in real terms are more than double the official government statistics.

    But what they can't hide are the effects that are starting to be experienced by everybody regarding the runaway inflation, particularly on food and accommodation costs.

    This will come to bite them on the bum if they think that they can let inflation rage while they prop up the Banksters.

    There will be riots, and looting, and cities will burn like never before, particularly in the US and Europe as poor people start starving and feel they have nothing left to lose.

    That's when those who created the problem will come up with the solution [CBDC] and social credit scores.

    You will own nothing but you will be happy that you have been saved from their manufactured chaos, and it will happen well before 2030.
     
    hardyakkagold, Mar 14, 2023 at 3:12 AM
    #243
    Ag bullet, Real $, DJE and 2 others like this.
  4. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    We need lots of pain before the sheeple demand real change.
    Im hopeful for a complete market meltdown and hyperinflation. Cities burning and people losing everything would be a bonus.
    Every tent city i see brings a smile to my face and fills me with hope for the future.

    It will get better eventually when enough sheeple get pissed off. Until then ill watch with my popcorn on the sidelines
     
    JohnnyBravo300, Mar 14, 2023 at 4:57 AM
    #244
  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Don't hold your breath. If you're stacking PMs in the hope or fear of hyperinflation, then you'll be sorely disappointed. Actually you may not, but you'll die one day wondering if you may just have been listening to the wrong narratives.
     
    mmm....shiney!, Mar 14, 2023 at 5:12 AM
    #245
  6. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    I stack for my savings but a meltdown is the best hope for future generations to have a chance. They can learn from the mistakes made now and from their parents losses although that might not even last very long.
    And the cycle will probably repeat again haha
     
    JohnnyBravo300, Mar 14, 2023 at 5:24 AM
    #246
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Volumes are looking a little "How's your father?" IMO. That's one indicator that doesn't give instil any faith that the trend has reversed.

    XAGUSD_2023-03-14_15-19-55.png


    XAUUSD_2023-03-14_15-17-54.png
     
    mmm....shiney!, Mar 14, 2023 at 5:35 AM
    #247
  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    Is this shtf for real? Probably not, so they should all (PM’s and BTC) finish their journey to higher lows.
     
    heartastack, Mar 14, 2023 at 12:19 PM
    #248
  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Yep, we're only back where we were a couple of week's ago for most $ hedge assets. Probably a good time to sell if anyone has been considering it over the past month and waiting for a better price.

    BTCUSD_2023-03-14_22-31-37.png

    And if anyone wis curious to see what volume looks like:

    STXUSDT_2023-03-14_22-33-24.png
     
    mmm....shiney!, Mar 14, 2023 at 12:34 PM
    #249
    heartastack likes this.
  10. heartastack

    heartastack Well-Known Member Silver Stacker

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    If I had any meaningful profit from this opportunity I’d be buying depressed miners with it
     
    heartastack, Mar 14, 2023 at 12:39 PM
    #250
    mmm....shiney! likes this.
  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Gold price really testing my thesis on the weekly, the low volumes speak to my doubts this rally can be maintained, but of course global uncertainty is on the side of the price.

    XAUUSD_2023-03-19_08-06-14.png
     
    mmm....shiney!, Mar 18, 2023 at 10:09 PM
    #251
  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Silver on the other hand still following my expected course for lows in around June, though it's giving signs of a recovery a good nudge, volumes are still orders of magnitude less than the bull rally in March last year and looking about the same as the bull rally from Sept 22.

    XAGUSD_2023-03-19_08-07-04.png
     
    mmm....shiney!, Mar 18, 2023 at 10:15 PM
    #252
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