Yea everything seems to be sold out. Only numis left but they seem to be way more expensive than what they were a couple of years ago.
Looks like we’re going back down to $37 unless it picks up again tonight, the Americans always seem to push it down though.
I'm expecting silver to bottom sometime tonight. Might be soonish. Expecting it might drop another 30-50 cents (USD) and then the current down trend might (hopefully) be over. There is brutal volatility out there right now as new longs jump onto the back of the silver bull only to be thrown off again by the waiting shorts. One dollar swings are happening regularly. It pays to look at the hourly chart for the overall trend. Sadly though, if silver happens to break strongly below USD $26.00 tonight -- then we may have a fair way further to fall Nevertheless I'm hoping for a turn tonight. There are 2 or 3 positive chart and sentiment factors. Interim new upside target would be up around USD $28 or so, followed by another move back up to around USD $30. Once it finally turns we will be bidding farewell to the current price range forever. Quite a good time to buy. SPOT: USD $26.38
I got a few more ounces Wednesday on my way home from aspen but there wasnt much. I got a 3/4 oz Colorado Historic Mining coin with some gold plate, two ben franklin half dollars and weird sets of coins in a flip thing like jewelry comes in and packed in a slide out box. Not something I'd normally buy but it holds one 90 percent newer Ellis island silver dollar and a clad half dollar worth 50 cents and it was for spot at $22 for each set so I took them both. Just nothing at all to choose from. I didnt really need anything but I got it anyway.
*yawn* c’mon silver, do something! What’s everyone’s thoughts on the next move? Do We ride up to $39 Aud again or go lower?
People have short memories lol. Not so long ago $37 AUD silver was but a dream. Silver has been forming a strong base recently. That's a good sign, no?
I think it is a good sign that it is forming a strong base as it will give us massive support for the next leg up. Although I would like to see it drop lower to give me an opportunity to buy more(cheaper) although I think I will still be buying when it goes higher. My TA is beginner stuff so I was just interested in other people’s views on the future silver market.
Don't forget to keep an eye on the bank of your "dry powder". Things may change relative to 2008, where nearly no depositor lost money due to the bank failures. Since 2011 I get an annual reminder of deposit guarantee limit. Customers/depositors won't be able to claim they didn't know. During recent years and especially recent months I took measures to reduce my dependency on third parties including banks to a minimum. Because to me, it's clear that the central planning has planned a next major crisis (this time with that corona virus as excuse). Cash payment limits, cash withdrawal limits, throttling, be sure that if you wait you'll end up with alot simultaneous with empty hands. World won't come to an end though. A second wave of lockdowns, however, is well possible to disrupt the supply chains in such a severe manner that even basics stall due to their "higher" dependencies. If you have trucks and not gasoline, you can import it. If you don't have gasoline and spare parts, you can import both. But if you don't have a truck left to import them, everything will wait for everything, and the economical "tissue" will effectively have ceased to exist. It won't take that long further on, to reduce an economy alike EU to Ethiopian levels. Big question is, how far will the central planning nazi's drive it this time? In some historical similar cases, they gave up. But in some other cases, they didn't, and the results are worldwide remembered upto present day. Buying dips in a stalled trading environment, may end up less easy than an email to a dealer.
I sold all my shares and my btc earlier in the week but new buying opportunities are coming fast. Wait for it!
