Smack Down or Smack Up?

Discussion in 'General Precious Metals Discussion' started by SilverDJ, Oct 4, 2019.

  1. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Holidays over but still no smack up of gold. Not a good sign. So it would appear that the rumours the Chinese are short of dollars (money) are true after all?
     
  2. alor

    alor Well-Known Member Silver Stacker

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    why there is dollar shortage being covered
     
  3. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    My suspicion is right. Trump has no intention to strike a trade deal with China, at least this year. But whether this will impact gold or silver prices is another matter.
     
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  4. alor

    alor Well-Known Member Silver Stacker

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    now from trade war to Visa war。just like what Russian experiance prior. nothing new again. online ban like NBA got turned into oblivion
     
  5. SilverDJ

    SilverDJ Well-Known Member

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    It's looking like a smack down for this weekend.

    upload_2019-10-18_18-55-41.png
     
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  6. SilverDJ

    SilverDJ Well-Known Member

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    Smack up this week by the looks of it:

    upload_2019-10-25_20-33-58.png
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Well, now we know that Chinese demand is a myth. It is Wall Street that moves gold.
     
  8. SilverDJ

    SilverDJ Well-Known Member

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    Smack down it is!
    Down over 4% in 3 days, which breaks a 4 month support line.

    upload_2019-12-7_12-56-26.png
     
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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    What's your prediction for short term trend? My money is on sideways until we get another run up in the new year but hearing some whispers about a further correction down.
     
  10. mongrelmaple

    mongrelmaple Well-Known Member Silver Stacker

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    Not surprising, given the non farm payroll numbers that were released overnight.
     
  11. alor

    alor Well-Known Member Silver Stacker

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    another week another bargain
     
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  12. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Those part time service jobs are really making america great again!
    And you can have 2 or 3 at a time!
    Strongest economy ever!
     
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  13. alor

    alor Well-Known Member Silver Stacker

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    its already there during second Bush, an old lady hold 3 jobs
     
  14. JohnnyBravo300

    JohnnyBravo300 Well-Known Member

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    Workaholic
     
  15. SilverDJ

    SilverDJ Well-Known Member

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    It's literally a coin toss I think.
    "The Vibe" to me says silver will continue down before it goes up again though.
     
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  16. openeyes

    openeyes Well-Known Member Silver Stacker

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    Agreed
     
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Buy while it's low, won't last too long. Inflation's coming.
     
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