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Cryptos and the share market are looking as a better bet if you are looking for an investment that will return you some dividends and make your money grow.
 
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Seasonality is about to become a significant headwind.

Silver is a few weeks away from entering the worst month of the year for seasonality.


Silver futures cycled from a 4-month high to a 6-week low in less than ten trading sessions. After similar price reversals, the commodity tends to exhibit further downside momentum over the next few months. Gold could follow silver lower, albeit the outlook is not as adverse. With seasonality for precious metals turning unfavourable in June, the weight of the evidence does not bode well for silver or gold.

Cryptos and the share market are looking as a better bet if you are looking for an investment that will return you some dividends and make your money grow.

It's about time we had a good buying opportunity
 
Seasonality is about to become a significant headwind.

Silver is a few weeks away from entering the worst month of the year for seasonality.


Silver futures cycled from a 4-month high to a 6-week low in less than ten trading sessions. After similar price reversals, the commodity tends to exhibit further downside momentum over the next few months. Gold could follow silver lower, albeit the outlook is not as adverse. With seasonality for precious metals turning unfavourable in June, the weight of the evidence does not bode well for silver or gold.

Cryptos and the share market are looking as a better bet if you are looking for an investment that will return you some dividends and make your money grow.

I thought it was illegal to talk in the negative about the metal's potential?
 
I thought it was illegal to talk in the negative about the metal's potential?

Well, I was getting sick and tired of you bitches criticising my posts so I thought I would post something different to please you cry babies.

Just a bit of reverse psychology to ruffle your feathers and get a laugh out of it, not a change of belief on my part I am sorry to disappoint you.

Now give Ellliot a wave and go over and see if he is still alive and well.;)
 
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I have about 5k usd now to spend. I just changed my yearly strategy so i guess ill buy something, dunno what yet.

Dammit that cash burning a hole in my pocket.
 
The buy and hold opportunity for the long term was either 2 years ago or is yet to come.

If it's for the short term it was Sept-Nov last year or March of this year and the buyer should have closed their trade by now. The POS is back in the descending channel and falling toward the next S/R zone mid-$21 to mid-$22. We need to see it consolidate above 23.50 for an extended period of time. The further it falls the longer we will have to wait for a break out.



Neither are looking better bets than the USD or gold. The "share market" is too broad to say that it is a good bet. There are going to be stocks to steer clear (eg small caps) of and stocks that will weather an impending recession better (eg defensive) though they mightn't make you guaranteed money. And crypto's fate during a recession is a great unknown. Will it act in the same way as gold has done in past recessions or will it be hammered as the market deleverages?

I’m just a classic stacker of physical and I’m not very price sensitive to physical in the long term sense, just like to buy when it’s on a downswing rather than up..
Your comment is valuable to a etf trading strategy though.
 
Yep, short term trading using an ETF is the easiest. I'll also use an ETF for long term holding as well as it's far more convenient for me in my position.



I'm the opposite, I prefer to see it trending higher.

I pretty much only get the premium bullion which goes on sale better during down than up and has always been long-term rewarding. Way back in 2010 when I was frenzy-buying I'd be scoping up those 5oz tigers for less than $100 and nobody would touch the premium then either..
 
Screenshot 2023-05-19 at 23-11-28 Charts.png

These charts are starting to get a bit depressive!

On a brighter note, a hear that there is a new movie coming out soon called "Weekend at Elliot's"

It's about a bunch of tragics who find that their messiah Elliot Wave has died and rather than accept the inevitable,
they dress up his rotten stinking corpse and drag it around the ghetto pretending that he is still alive and that someone cares.

It is bound to be a graveyard blockbuster I am sure.;)
 
View attachment 79676

These charts are starting to get a bit depressive!

On a brighter note, a hear that there is a new movie coming out soon called "Weekend at Elliot's"

It's about a bunch of tragics who find that their messiah Elliot Wave has died and rather than accept the inevitable,
they dress up his rotten stinking corpse and drag it around the ghetto pretending that he is still alive and that someone cares.

It is bound to be a graveyard blockbuster I am sure.;)

Is this what it feels like to live rent free in someone's head?

Who hurt you baby?
 
This is my alternative to the chart at https://www.silverstackers.com/foru...spot-watchers-spot.7611/page-427#post-1265131

It's basically scenario 2, assuming that the lows toward the end of 2022 were the start of a new longer term bull market and importantly discounting the possibility that the impact of the banking crisis on the POS was a grey swan. IMO if you think that the banking crisis was a grey swan then this chart holds less credibility as the price action could resume its long term downward trend especially as talk of a recession seems to be more common than a soft-landing.

View attachment 79691

Thoughts anyone? Chart 1 or chart 2?

If it makes sense I think chart 1 is the logical chart to follow, but chart 2 (imo) is the more likely outcome if gold continues strong. SO pathway #1: Silver trades here on weak gold. pathway #2 silver gets pulled upwards by gold. There's too much interest in precious metals to let it get too cheap, specifically regarding GSR (imo).
The silver market is strong, it has strong backing now by people who matter and can influence big money. I reckon gold and silver remain strong but this pullback going on right now will be a decent shakeout.
 
This is my alternative to the chart at https://www.silverstackers.com/foru...spot-watchers-spot.7611/page-427#post-1265131

It's basically scenario 2, assuming that the lows toward the end of 2022 were the start of a new longer term bull market and importantly discounting the possibility that the impact of the banking crisis on the POS was a grey swan. IMO if you think that the banking crisis was a grey swan then this chart holds less credibility as the price action could resume its long term downward trend especially as talk of a recession seems to be more common than a soft-landing.


Thoughts anyone? Chart 1 or chart 2?

Yes, chart 1 or chart two for sure :P

Sorry I gave up trying to predict ages ago, I'm just hoping they'll be up when I next need to free up some cash, sooner rather than later would be nice! lol
 
@Oddjob is one of them

Always the contrarian................

Safe-Place-to-Invest-Money-George-Constanza.gif
 
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