A counter-trend rally is brewing

leon1998

Member
US mint ran out of ASE -> New Low Ahead -> Market Panic -> Counter-Trend-Rally

The tape had been played many times in the past years. FYI :P
 
leon1998 said:
US mint ran out of ASE -> New Low Ahead -> Market Panic -> Counter-Trend-Rally

The tape had been played many times in the past years. FYI :P

But didn't you just say in a previous thread it's going to $14 @ month's end?? lol
The contradiction is very real. :P

Regardless - stack on my friends!
 
I believe we're close to a bottom; market is in panic, and sentiment is extremely bearish with prediction of even US$800 gold.

Nobody can pinpoint the bottom. However, many critics don't even have a clue of the trend. But anyway, your money your decision :P

-j-p-shmorgan said:
leon1998 said:
US mint ran out of ASE -> New Low Ahead -> Market Panic -> Counter-Trend-Rally

The tape had been played many times in the past years. FYI :P

But didn't you just say in a previous thread it's going to $14 @ month's end?? lol
The contradiction is very real. :P

Regardless - stack on my friends!
 
Make your prediction, and stick to it is all I'm saying. lol
You can't have it both ways. :p

Now I know why your predictions are 100% accurate....
You post threads predicting up, you post threads predicting down.... and then delete the thread that's incorrect. ROFL

I'm onto your tricks. hah
 
I never deleted any of my threads.

My up prediction has always been short-term; down prediction been mid to long term.

-j-p-shmorgan said:
Make your prediction, and stick to it is all I'm saying. lol
You can't have it both ways. :p

Now I know why your predictions are 100% accurate....
You post threads predicting up, you post threads predicting down.... and then delete the thread that's incorrect. ROFL

I'm onto your tricks. hah
 
This forum is seller sponsored. Gold and Silver have been in such a clear long-term downtrend; and they have been promoting physical buying recklessly.

As I said, your money your decision :P
 
leon1998 said:
This forum is seller sponsored. Gold and Silver have been in such a clear long-term downtrend; and they have been promoting physical buying recklessly.

As I said, your money your decision :P

I just find it funny you posted saying up, then posted saying down....literally within 5 minutes of each other today. :P
:lol:
 
leon1998 said:
This forum is seller sponsored. Gold and Silver have been in such a clear long-term downtrend; and they have been promoting physical buying recklessly.

As I said, your money your decision :P


If you really believe that PM's have a medium to long-term downtrend, what is your interest in stacking?
It's a bit like being a satanist on a born-again Christian forum.
 
leon1998 said:
I believe we're close to a bottom; market is in panic, and sentiment is extremely bearish with prediction of even US$800 gold.
Can you rephrase that? Are you saying bearish sentiment will drive prices down to $800, or that we are ready close to a bottom?
 
Why are you on this forum ????

By the looks of it it is not to trade 0 trades

So are you here to have your opinion heard or to just be a fly in the ointment.

As the saying goes Put or Shut up...

No Offence meant just its hard to listen to people who don't seem to be on here to trade as that is why the forum is here, discussions as well but Mainly trade with fellow enthusiasts.

leon1998 said:
This forum is seller sponsored. Gold and Silver have been in such a clear long-term downtrend; and they have been promoting physical buying recklessly.

As I said, your money your decision :P
 
-j-p-shmorgan said:
leon1998 said:
This forum is seller sponsored. Gold and Silver have been in such a clear long-term downtrend; and they have been promoting physical buying recklessly.

As I said, your money your decision :P

I just find it funny you posted saying up, then posted saying down....literally within 5 minutes of each other today. :P
:lol:

Send Bernie around to him, he'll fix it. :P
 
I love sitting at my desk reading all the babble on this site lol.
I have no assumptions on prices, I buy when I think it is cheap and I can only hope that one day down the track I can make a few dollars off my investment :)
 
but overall this counter trend rally is temporary as in another thread you expect this to go down further and fizzle out right? Making its way to sept-november before dumping off further.
 
Yep, it will fizzle.

If you look at the speed of rise in spot price, this is a typical short-covering rally. The long term down-trend stays intact. :P

Silverpv said:
but overall this counter trend rally is temporary as in another thread you expect this to go down further and fizzle out right? Making its way to sept-november before dumping off further.
 
I started buying at 18usd last fall and I'm buying when I can up and down under that amount. It seems though that even if the prices keep dropping the premiums are just going up.
 
Shippeevt said:
I started buying at 18usd last fall and I'm buying when I can up and down under that amount. It seems though that even if the prices keep dropping the premiums are just going up.

Pretty typical. One of my long term complaints. :lol:
 
The premium on bars is pretty low at my LCS always a constant .$80 over spot. I'm saving up some cash to start picking up some. In real terms, I don't think the need for rounds is immenent, just bulk buys. The coins still have their premium which is a pita.
 
Silverpv said:
The premium on bars is pretty low at my LCS always a constant .$80 over spot. I'm saving up some cash to start picking up some. In real terms, I don't think the need for rounds is immenent, just bulk buys. The coins still have their premium which is a pita.

Nice. I love low premium bars.
That will allow you to get more OZ if you try to avoid the coins there. :lol:
 
Recent two weekly COT reports both showed that Banksters were accumulating long position on gold and silver futures contracts. Usually this is a sign that a short-term rally is imminent, although long-term downtrend stays intact.

Whoever trades paper (GLD or SLV) could take advantage of this price swing. :P
 
Back
Top