*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!
I sold all my stocks that before it dropped and waiting to buy again when the time is right. However I'm going to my lcs on saturday with 2k. I cant wait!
I'm sure going to buy on saturday when I'm close to my lcs and I have a good chance of getting by there. We are working close to there and we should be done by early afternoon. I have 1 or 2k of savings I want to store safely for now. I dont care what spot is, up a buck or down a buck. The ratio will still be 70+ and some of the most expensive I've ever bought haha. I did get 6 ounces at $19, 10 ounces at $29 and 6 ounces at $23 earlier. I've been buying a little here and there while traveling but only small purchases, waiting to get back to my lcs where I can get alot more for my $$. I'd prefer silver but maybe a little gold too, depends on what he has. I'll buy either one but mostly silver for me at these ratios still. If he had a pre33 $5 incuse indian or something cool like that I wont be able to resist. I'm a sucker for the old stuff. Hopefully has has tons of peace and morgans! I will dream of my trip tonight and see if I can manifest a productive day! I will pray for the wisdom and guidance of my ancestors to help me to help myself and be a better leader among my people. A rabbit that only runs in circles will soon be caught. I'll be watching the markets like always but I'm buying on Saturday no matter what. Maybe slv on friday? After hours bloodbath?
