Not a seasoned stacker? I've been on here for 6 more years than yourself. I don't know where you get the idea I'm putting silver down .I bought silver at $15 and sold at $22 (before your time) I'm reading the charts and seeing a fantastic buying opportunity in the next year or 2. I've never put the silver stackers organization down, and if you mean individual stackers, I don't think so either. Is it only appropriate to comment and funny if you believe silver is mooning immediately?
The good ship Silver seems to be becalmed in the PM Sargasso Sea these days. Not much to report tonight.
A little bit of no news is good news. It strikes me that we have bottomed and as such it will shoot up to a new plateau of between AUD $36-$38 before the next bottom. Silver is a discretionary investment and with Spring in the US I believe the prices will rise to this peak by month’s end. Buy the dip now!!!
Why SLV? Don't we all work on the spot price for silver eg XAGUSD? What's your time frame for $15? @Davros10 called $10, I can't remember if there was a time frame for that. I'll go out on a limb - around $18 by mid-April 2023 then the next bull market to test $25 in August (if it gets through the $22 zone again) of this year but I'm not confident enough to lay any bets on that time frame. If we get to $15 or $10 I think it will be after the next correction, not the current one.
No reason for slv in particular i was just looking at that one. Looks like maybe June time for $15 if it hits the bottom of that channel. Time is just a guess of course. Its not something im looking at buying so just saying.
Thanks, the timeframes help me to understand better what you're thinking. I've got a support zone in the $17 - $18 area so you're suggesting that it will break lower than that and I'm suggesting it'll bounce off there hence my April $18 call. Either way, there's a bit of excitement ahead. Edit to add: I want to get back in to the market hence my excitement.
Yeah me too! Prices looking good and after the rising wedge plays out in the s and p will be even better. All the indices are in rising channels. It seems to be pulling some of the metals etfs upwards too. Its hard to know where the bottom will be in the silver channel, wherever it lands is just a guess.
I'd prefer a total pullback with support and confirmation of the next (and hopefully breakout) leg up. But if it's early wouldn't complain!
no, just gold had an erection plus US is f*#@%cked up economy….thx to Ukraine zillion dollars support which is taking longer than anticipated…inky Joe thinks that it’d be over by 6mths tops…and still going…and Zelenskyy keeps asking more handouts…which is inevitable.
Yep, Silicon Valley Bank. Nearly half of all US venture capital-backed startups were involved with Silicon Valley Bank, per Bloomberg. https://www.bloomberg.com/news/arti...ank-the-investor-lender-networker-of-startups
Also Silvergate (crypto bank) and Signature is close i think. Its just the beginning. I remember last time the banks were failing over a few year period as metals were hitting the ath. Fond memories. I also recall them saying this would never happen again and everything ia fixed.
There is no risk of a systemic banking failure. If anyone is looking to justify their precious metals holdings with the possibility of a system wide failure eg another Lehmann then I would suggest they choose another narrative. Edit to add: if you're referring to a recession caused by The Fed hiking rates then I would not disagree with you. JPow and others will likely be considering the news around SVB closely. Have they gone too far already?
