The constant highs of the GSR just reminding me that silver is bad.
Gold Excitement
- Thread starter SilverSale
- Start date
mmissinglink
Active Member
Silver is either 1) a terrific buy right now or 2) it could be in the early stages of its death throw.
I'm betting on "1"
.
I'm betting on "1"
.
Gold was soaring this morning on global fears and worse than expected US economic news, after showing some earlier strength in the London trade. Stocks were slumping badly.
However the tide was turned and the trading algorithms reversed gears and paper was driven higher, with gold coming well off of its breakout attempt having run up to a little over 1250. It finished out the day with only a modest gain to around 1230.
As befits a day driven by the fear of risk, gold was outpacing silver.
Nothing has changed, the fundamentals remain as poor as they have been. We have merely been treated to a 'wash and rinse' day, which is the hallmark of a market that has diverged badly from its proper place as a source of fruitful investment, and productive resource allocation
http://jessescrossroadscafe.blogspot.com.au/
However the tide was turned and the trading algorithms reversed gears and paper was driven higher, with gold coming well off of its breakout attempt having run up to a little over 1250. It finished out the day with only a modest gain to around 1230.
As befits a day driven by the fear of risk, gold was outpacing silver.
Nothing has changed, the fundamentals remain as poor as they have been. We have merely been treated to a 'wash and rinse' day, which is the hallmark of a market that has diverged badly from its proper place as a source of fruitful investment, and productive resource allocation
http://jessescrossroadscafe.blogspot.com.au/
systematic
Well-Known Member
And the gold and silver price chart patterns look very much the same ...
mmissinglink
Active Member
In other words.....
2016 - Return of the Precious Metals Bull Market !
2016 - Return of the Precious Metals Bull Market !
Silverthorn
Well-Known Member
SilverSale said:
I was watching NCM and SAR pretty closely today. There was a wave of selling late in the day that brought out a heap of buyers. People placing big bets today I think.
data out tonight.
Silverthorn
Well-Known Member
Got whacked but coming back a bit. Wouldn't be surprised if it retraces quite a bit as the news sinks in.
Nice little re-test of bullish breakout.
Still looks good for time being...
Still looks good for time being...
http://www.cnbc.com/2016/02/26/deutsche-bank-its-time-to-buy-gold.html
"There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China's capital outflows," Deutsche Bank added." Buying some gold as 'insurance' is warranted,"
"There are rising stresses in the global financial system; in particular the rising risk of a U.S. corporate default cycle and the risk of a sharp one-off renminbi devaluation due to the sharp increase in China's capital outflows," Deutsche Bank added." Buying some gold as 'insurance' is warranted,"
Are we feeling a tad excited?
Some may even refer to this as extreme exuberance
Some may even refer to this as extreme exuberance
wrcmad said:
LOL so true...