$1 Gain in a Day Just Like the Good Old Days

1for1

1for1

Well-Known Member
Been forever but looking like we might be getting back to some good times with silver.. could tonight be the first $1 gain in a day for a few years (5%^) ... hoping so.. macro sure is helping it out :)

Good times
 
:) It's fun to watch. Just come back down please and stay there for a few more years so I can buy buy buy and catch up on all the years I haven't been stacking. Then go to the MOON! I'm not ready for it to go up yet.
 
Gold & silver have been in a medium term uptrend for months now but took a dive recently when Yellen (from US Federal Reserve) started talking up interest rate rises in the US and suggesting a rise could occur in June/July. Higher US interest rates are generally considered bad for precious metals as the US dollar gets stronger.

Then the US jobs number came in very low last Friday, the market reacted by lowering it's expectation of a rate rise and Yellen also made more recent comments suggesting a rate rise is less likely to occur in the short term. Thus gold & silver have rebounded to resume the previous course upward this week.

Personally I expect that gold will head up to retest $1300 USD and silver to retest $18 USD in the next week or so. At those price levels they will meet resistance but if bad economic data continues to come forward then there is every chance that US rate rises will be off the table and precious metals could break through that resistance.

DISCLAIMER - This is my 2 cents worth of opinion only. You should Do Your Own Research (DYOR)
 
Thanks for that. So if the job numbers came in on Friday why was there no jump in pm prices until yesterday?
 
BuggedOut said:
Gold & silver have been in a medium term uptrend for months now but took a dive recently when Yellen (from US Federal Reserve) started talking up interest rate rises in the US and suggesting a rise could occur in June/July. Higher US interest rates are generally considered bad for precious metals as the US dollar gets stronger.

Then the US jobs number came in very low last Friday, the market reacted by lowering it's expectation of a rate rise and Yellen also made more recent comments suggesting a rate rise is less likely to occur in the short term. Thus gold & silver have rebounded to resume the previous course upward this week.

Personally I expect that gold will head up to retest $1300 USD and silver to retest $18 USD in the next week or so. At those price levels they will meet resistance but if bad economic data continues to come forward then there is every chance that US rate rises will be off the table and precious metals could break through that resistance.

DISCLAIMER - This is my 2 cents worth of opinion only. You should Do Your Own Research (DYOR)
Click to expand...

Sounds like a legit observation & explanation.
 
raven said:
MikeyS said:
What are the main reasons for the fast rise?
Click to expand...

the almost certainty of prospect war, with clinton ruling the world !
:)
Click to expand...

You think that do you?

Really?

I mean the nominations are just in and the elections are months away but people are buying gold because the warmongering capitalist running pigdogs are going to have an election in several months before they declare war and Putin rides naked on a bear to save the gentlefolk of the shire from Mordor?

Really?

o_rly_british_display.gif

Source:
 
New silver people...... the things that are supposed to make the silvers price rise usually dosent. the things that are ment to make it fall dosent make it fall about 66% of the time. Dont get to excited about these little moves or news stories .cos It will drive u nuts over many years, so trap in or back away now
 
MikeyS said:
Thanks for that. So if the job numbers came in on Friday why was there no jump in pm prices until yesterday?
Click to expand...

Gold jumped $30+ on Friday

Technical resistance being broken is what caused yesterdays move higher. Would like to see a close above $1270 by the end of the week but that may be asking a little too much.
 
1 ounce of Gold mined for every 9 -10 ounces of Silver out of the ground. With a current ratio of 1 / 75 pricing. Gold stored Silver used.

US Debt clock now showing Gold and Silver priced against M2 'money' supply...Gold US7341.00 ounce, Silver US813.17....Interesting addition to the debt clock. http://www.usdebtclock.org/
 
Setting up for a $1 daily move to the upside to smash $25... popcorn has been purchased and i must say i have not bought any popcorn for a few years, might even go get a can of coke to wash it down
 
My last silver purchase is now 1.5 years ago.
My plan was / is to wait for a stock market plunge that reverts the 5+ years uptrend till decade peaks.
Considering that quite some big indexes show double and triple tops, and comparing downtrend durations after the last top, it looks like september / october will be the next crashes timestamp.
juli / august also possible, but those months ppl go on vacation and start worrying after.
 
1for1 said:
Setting up for a $1 daily move to the upside to smash $25... popcorn has been purchased and i must say i have not bought any popcorn for a few years, might even go get a can of coke to wash it down
Click to expand...

How'd you enjoy that Breakout movie? The ending today kinda sucked.
 
You must log in or register to reply here.
Back
Top