Discussion in 'Silver' started by President Trump, Jun 23, 2020.
Scare those who bought at $40 an ounce, that is for sure, not that they werent warned
its the first time >10% drop...then 5% drop then 2.5% drop then 2.5% drop
in the past usually only 7.5% drop
silver and photography used to be synonymous
stomp is the product of mobile captured pictures, silver did enjoy its absent from holidays
Well it have gone UP back again
6mo ago if you told me silver would be at current price today I’d still have my party hat on.
If I tell you today , Ag is going to $100. Would you believe me?
Everyone will definitely laughing their ass off.
There is little window to jump in and out.
depends if other investments are also getting cheaper relative to the shiny lumps!
the chart meant to say, twice picked the bottoms, its never easy... double lucky . purchased QB coins
I prefer to try buy at the low, rather than forecast the future price, as I might not sell at the future forecasted price, even when realized
it's all depends on individual objective
other investments, Giants supermarket just cut their prices of hundred of items by 20%, time to stock up on the cheap
This is what I see . Dxy = US dollar Looks like can make one more push up if this level holds and bigger drop down to 80’s after trapping US dollar long and PM shorts
All bull markets have dips.
As COVID takes hold in the Northern hemisphere winter, you may be able anticipate what's to come.
As the USA goes into "fall" and "winter" you could expect an increase in unemployment, more disruption to the logistical
chain, more businesses out of business and of course, unrealistic stock prices and poor PE ratios.
High stock prices but poor earnings and, many companies reducing dividends or indeed not paying a dividend could
see things go turtle.
Don't forget Black October in 1987.
Some folk are thinking everything is going to be dandy but, the outlook is not dandy and we are a long way from
being virus free.
When international travel restrictions are dropped and when the international logistical chain is up and running
then we might start to see normality, but before that happens we'll see a massive amount of takeovers, restructuring of companies
and countries realizing that the money they borrowed from other broke countries can not be paid back.
Countries in debt will have to pay or forfeit assets such as, land, ports, mineral rights etc.
So what to do?
Keep to the basics, food, home, family, mental health, ring your mates, keep talking.
So you’re looking at $19 silver? That will be 50% retracement. Seen that call somewhere a month ago when silver was at the highs.
No $19 is 60% check daily swings not weekly.
just here to understand what market doing and wants to do next by using today’s movement with simple mathematic .
don't need to make calls because I follow market
$21 major monthly/weekly level
but it can over shoot (Flash spike) to must hold level at $18.50 and I like to see close back above $22 quickly. eyes on Dxy for additional confirmation
Even before premium spiked, I never bothered with spot price when it comes to actual buying. It's the actual cost per ounce that matters. My average cost is us$17.14 per oz, mostly 10 ounces bars and coins. Now the cheapest 10 oz bar will cost me about $255, almost 50% over my average cost.
Good for you. load up maples and bigger bars 2-3$ dollar cheaper.
I need to understand market for trading stocks, fun stuff
Ag Maples are knowns with Milk spot , they are Free
Ha, the point on spot price wasn’t directed at you.
But I’m keen to know your thoughts on platinum. Want to load up some PPLT but don’t want to be caught in a March like collapse. PPLT looks like a no brainer medium term punt, buy and hold for 6 months, instant profit, hope to repeat what I did with SLV.
One more chance at 740-750 but price action need bullish there. I do have lower target if expansion triggers , 1300 for potential upside
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