My call on silver spot to end the year 2026
- Thread starter spannermonkey
- Start date
Comex can make up whatever rules they want at any time, like they did in 1980:
"On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets."
en.wikipedia.org
"On January 7, 1980, in response to the Hunts' accumulation, the exchange rules regarding leverage were changed; COMEX adopted "Silver Rule 7", which placed heavy restrictions on the purchase of commodities on margin. The Hunt brothers had borrowed heavily to finance their purchases, and, as the price began to fall again, dropping over 50% in just four days, they were unable to meet their obligations, causing panic in the markets."
Silver Thursday - Wikipedia
I bought at $170 an oz .50% fall in 2 monthsI feel sorry for the people buying for the first time above $150.
That why you Don't take financial advice from some random guy on youtube.
And still looking at 3 or 4 1 kg bars .
I buy whenever I have $ burning holes in my pocket .
Price is irrelevant to me , how much over spot is more important to me .
that's just me .
Carry on .
Touched the 200 day EMA today - let's see if that provides some kind of support or if it just keeps falling through it
I was comparing to 2011 and time frames much shorter this time round.
The rebound after the crash in 2011 panned out for 5 months whereas this one only lasted 5 weeks
I was comparing to 2011 and time frames much shorter this time round.
The rebound after the crash in 2011 panned out for 5 months whereas this one only lasted 5 weeks
Interest rates in 2011 were about 0.25% in the US in 2011.
That may explain the contraction of the timeframe and the elongation of the spike as a kind of "opportunity cost" speedup of the fundamentals price action.
On the more eyebrow raising side, you havent accounted for the "Assassination" of a terrorist "Leader" effect.
Some nefarious consortium of insider traders probibly fat-fingered the wrong date in the secret comms and their shady bankster enclave rigging the the markets tanked it a month early.
Surprised that the AI didn't know about it though, unless its intercepting comms on the interwebz already.
Looks like maybe the beginning of a gigantic bull flag?
Whats the flag pole then?
Attachments
Im not sure either. Where are the chart bros?
Silver looking good too. Compressing like a mo fo.
I heard copper/nickel fakes are being found in sealed mint boxes from Commonwealth Mints.
Maples, Krugs, Roos and the like. Anyone heard about this?
Maples, Krugs, Roos and the like. Anyone heard about this?
Only fear mongering , rumors yes . Evidence no .
If sourced from China maybe .
Its the latest run of red candels that has me concerned and it comes at the point i would have considered the moment of highest confidence that the market would a good buy back in afte the crash.
Why?
charting would call this flag bearish. theirs several potential flags in this on the logarithmic chart and normal chart we could reference but its indicative on sentament change favouring bearish future projection.
But WHY?
History of stastical behaviour?
no, not 100%
The news events and the reaction make the difference.
They were "sell the news" stories, regardless of hte news because news can change things, and the participants dont have a friggn clue: wqhat the news means.... exactly.
So they exist the positions they have taken risk in.
That showed up in the speculative investment into the PM market.
First news. profit taking.
Second news, change of speculative investment choice (shorter term horison advantage in oil)
Those speculative people are unlikely to return to silver due to now understanding the downside movement devistation potential.
But... it will get bought by manufacturing, military, government and as strategic hedge.
IMO... not holding my breath for general increase in either availability, or price appreciation, until the news of the continuation of the inventory draw down story is confirmed with another year/year deficit to confirm.
id look at price action prior to the release of the formal report on that to be indicative of what the insiders thought about what the price would do.
Follow the action x-days prior to the news because "for sure", people are in the market before its fair trading.