As I am the only 'everyone' on here, Hello to you too Bro. Nice of you to visit me here on the graveyard shift, I dont get many visitors during the night, so I have to talk to myself mostly. Not much to report on the metals front. Silver US $23.67 AUST $35.57 GOLD US $1980 AUST $2976 Hoo Roo.
^^^ GOLD+SILVER are CRASHING!,!,! SELL! SELL! SELL! get RID of YOUR STACK NOOOOWWWW! I BUY! bUY! BuY!
Sorry, I am a bit late with the memes today, Legends. But I have a good excuse... PS: What no likes for these babes, are you all gays here or what?
I'd be surprised if Silver wasn't north of $300 by then, the target I have had in mind for a while now. I will sell when it over-shoots that value (this is obviously subject to the dollar value by then, I'm talking today's dollar value)
Seasonality is about to become a significant headwind. Silver is a few weeks away from entering the worst month of the year for seasonality. Silver futures cycled from a 4-month high to a 6-week low in less than ten trading sessions. After similar price reversals, the commodity tends to exhibit further downside momentum over the next few months. Gold could follow silver lower, albeit the outlook is not as adverse. With seasonality for precious metals turning unfavourable in June, the weight of the evidence does not bode well for silver or gold. Cryptos and the share market are looking as a better bet if you are looking for an investment that will return you some dividends and make your money grow.
Well, I was getting sick and tired of you bitches criticising my pro metals posts so I thought I would post something different to please you cry babies. Just a bit of reverse psychology to ruffle your feathers and get a laugh out of it, not a change of belief on my part I am sorry to disappoint you. Now give Ellliot a wave and go over and see if he is still alive and well.
The buy and hold opportunity for the long term was either 2 years ago or is yet to come. If it's for the short term it was Sept-Nov last year or March of this year and the buyer should have closed their trade by now. The POS is back in the descending channel and falling toward the next S/R zone mid-$21 to mid-$22. We need to see it consolidate above 23.50 for an extended period of time. The further it falls the longer we will have to wait for a break out. Neither are looking better bets than the USD or gold. The "share market" is too broad to say that it is a good bet. There are going to be stocks to steer clear (eg small caps) of and stocks that will weather an impending recession better (eg defensive) though they mightn't make you guaranteed money. And crypto's fate during a recession is a great unknown. Will it act in the same way as gold has done in past recessions or will it be hammered as the market deleverages?
I have about 5k usd now to spend. I just changed my yearly strategy so i guess ill buy something, dunno what yet. Dammit that cash burning a hole in my pocket.
20230519_131814 by SilverNGold posted May 19, 2023 at 1:19 PM Get this and keep the $4,980. You are welcome.
I’m just a classic stacker of physical and I’m not very price sensitive to physical in the long term sense, just like to buy when it’s on a downswing rather than up.. Your comment is valuable to a etf trading strategy though.
Yep, short term trading using an ETF is the easiest. I'll also use an ETF for long term holding as well as it's far more convenient for me in my position. I'm the opposite, I prefer to see it trending higher.
I pretty much only get the premium bullion which goes on sale better during down than up and has always been long-term rewarding. Way back in 2010 when I was frenzy-buying I'd be scoping up those 5oz tigers for less than $100 and nobody would touch the premium then either..
These charts are starting to get a bit depressive! On a brighter note, a hear that there is a new movie coming out soon called "Weekend at Elliot's" It's about a bunch of tragics who find that their messiah Elliot Wave has died and rather than accept the inevitable, they dress up his rotten stinking corpse and drag it around the ghetto pretending that he is still alive and that someone cares. It is bound to be a graveyard blockbuster I am sure.
