Be prepared to short SILVER again

leon1998 said:
Here it comes the opportunity, shorted SILVER @US$17.58
Click to expand...

here we go again, Leon with another flip flopping forecast. And once again I'm feeding the post :/

Seems like you would have done better "shorting" silver at $17.90 instead of $17.58. If only you could read markets hey :P
 
I saw $17.62 NY time around 2pm. So Leon is in the ball park. Probably another smack down tonight or Monday - Wednesday. I think this upward movement will be short lived and I expect it to settle back to $21 -$22 Au. The big gains are usually made after a stock Market crash as precious metals become a safe haven. Leon is correct that more has to be shaken out. And remember there are still many trillions in super plans that need to be moved into dodgy stocks while the stock market cruises into hyper drive. Still some time for markets to play out till end game.
 
silversearcher said:
I saw $17.62 NY time around 2pm. So Leon is in the ball park. Probably another smack down tonight or Monday - Wednesday. I think this upward movement will be short lived and I expect it to settle back to $21 -$22 Au. The big gains are usually made after a stock Market crash as precious metals become a safe haven. Leon is correct that more has to be shaken out. And remember there are still many trillions in super plans that need to be moved into dodgy stocks while the stock market cruises into hyper drive. Still some time for markets to play out till end game.
Click to expand...

This upward movement has been sustained since January - so not likely short lived. The past 4 year bear market is collapsing so don't try make predictions based on the past 4 years experience. It may not pan out as you expect. Leon has been as accurate as a buxom weather forecaster. How those commercial short positions - little tense ?

1302_weather.jpg
 
The next major resistance level for silver is at $18.50 so if there is a correction, it should happen around there. Unless PMs sell off tonight on the US session based on the core PCE number, silver is looking at a recent new weekly and monthly high which goes against any weakness
 
Ronnie 666 said:
silversearcher said:
I saw $17.62 NY time around 2pm. So Leon is in the ball park. Probably another smack down tonight or Monday - Wednesday. I think this upward movement will be short lived and I expect it to settle back to $21 -$22 Au. The big gains are usually made after a stock Market crash as precious metals become a safe haven. Leon is correct that more has to be shaken out. And remember there are still many trillions in super plans that need to be moved into dodgy stocks while the stock market cruises into hyper drive. Still some time for markets to play out till end game.
Click to expand...

This upward movement has been sustained since January - so not likely short lived. The past 4 year bear market is collapsing so don't try make predictions based on the past 4 years experience. It may not pan out as you expect. Leon has been as accurate as a buxom weather forecaster. How those commercial short positions - little tense ?

http://forums.silverstackers.com/uploads/1302_weather.jpg
Click to expand...

I don't short the market anyway, but so far this years trend in nothing special compared to the last 3 years. A few highs and lows so far this year is nothing to get excited about. Doesn't bother me anyway if it goes up or down, I'm in it for the long haul. What will matter is what the price is when I sell it . Cheers
 
Just a gut feeling but short? Well there's a pattern in the daily chart I haven't seen all week after the two mini spikes out of the blue comes a fair drop off as opposed to spike, drop back, gradual increase followed by another spike and repeat which is what I've noticed this week.
 
BulkCoins15 said:
I asked this before, but don't think an answer has been provided ...

Leon, given your SS name ( leon1998 ), can you say YES or NO to the following:

Were you born in 1998 ?? ( which makes you just 18 years old ).

If the answer is 'yes', are you a certified 'genius' , to account for your claim to being 'all knowledgable' .... ??
Click to expand...

Have you ever thought he may have been stacking since 1998 ? :/
 
And once again it's a good thing leon does these shorts in his head, otherwise he would be sweating. The important thing is that he thinks he is the grand master and super rich. Being delusional has its benefits.
 
silversearcher said:
I saw $17.62 NY time around 2pm. So Leon is in the ball park. Probably another smack down tonight or Monday - Wednesday. I think this upward movement will be short lived and I expect it to settle back to $21 -$22 Au. The big gains are usually made after a stock Market crash as precious metals become a safe haven. Leon is correct that more has to be shaken out. And remember there are still many trillions in super plans that need to be moved into dodgy stocks while the stock market cruises into hyper drive. Still some time for markets to play out till end game.
Click to expand...

Leon once again is not too far out again with his prediction. :P Still plenty of time for precious metal to be shaken down again. Besides, those who are long term stackers would love silver and gold being butt kicked by THE FIX ( as this can only last so long )....Leon once again stands corrected so far, as more needs to be shaken out and down. :lol: This reminds me of the times of when I had my favourite financial at hand - Big Stack McGee. When he was buying gold French Roosters big time off APMEX, I would wait for PMs to be slammed down and then buy. As dealers always had a knack of off loading crap before a smack down. Now I have Leon, he's almost as reliable as Big stack :P
 
You must log in or register to reply here.
Back
Top