Some Thoughts On The Recent Gold, Silver & Precious Metal Miner Correction After The Big Rally

Discussion in 'YouTube Digest' started by ozcopper, Sep 8, 2019.

  1. ozcopper

    ozcopper Administrator Staff Member

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  2. 66rounds

    66rounds Well-Known Member Silver Stacker

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    So in summary: Get ready to buy on the coming dip, because we are going to the moon.

    I honestly didnt expect a dip, but I welcome it with open arms!

    Anyone buying SSL based on his suggestion?
     
  3. ozcopper

    ozcopper Administrator Staff Member

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    The dip was overdue.
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I thought we might close 2350 first, my last major buy was around 2200 with a couple grams at 2300. Will wait for 2100 and pick up another ounce or two.
     
  5. ozcopper

    ozcopper Administrator Staff Member

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    I have learnt not to wait for big "round" numbers in the precious metals, that way you will avoid a lot of pain. Be careful waiting for $2100, we may get there but we may not.
     
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  6. 66rounds

    66rounds Well-Known Member Silver Stacker

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    You are absolutely right, should stagger buys weekly. Im mostly waiting because funds are lacking. Hope to have more spare cash by time we bottom out.
     
  7. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Great video. Learned something new, falling copper price is a leading indicator of rising silver price.

    Am I reading it correctly? $2100 is usd1440?
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Yes, could potentially fall to USD 1450, some say as low as 1375 but I think 1475 is a more sensible expectation of the bottom.
     
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  9. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Wow, $1475 is only $40 from present price or 2.6% lower.

    After watching the video, I feel that the buy at $14-$15 was basically a no brainer, especially with falling copper prices. The combination of falling supply (due to falling base metals) and rising demand makes those talk about $5-$7 per oz pretty impossible scenarios.
     
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  10. 66rounds

    66rounds Well-Known Member Silver Stacker

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    I will be very happy to be wrong about that bottom of 1475.
     
  11. Silver Soul

    Silver Soul Well-Known Member Silver Stacker

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    After the pullback we are getting, look for the swing trade on silver ... It will fly... flies, & mesmerize, you.
     
  12. alor

    alor Well-Known Member Silver Stacker

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    >73 currencies gold hit new high
    good luck with the wait for any pull back to buy with available gold to collect
    Russia continue with buying gold with their borrowed USD against their US treasuries

    when there are plenty of unwanted gold got melted...there would be out of stock sign .. wait till the new form of gold come back to the market with higher prices
     
  13. alor

    alor Well-Known Member Silver Stacker

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    User can have 5000 favorites, many subscribed channel got removed too
     

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