Silver Spike...
- Thread starter SilverSale
- Start date
I am starting to get antsy about getting my foot in the door. I was looking at silver last year, but I bought a house, so I didn't have much capital work with.
Now, even with AUD down and the current spike, I have a sudden urge to empty my redraw account for silver. Just gotta get the wife on board which is a lot harder than it should be.
Now, even with AUD down and the current spike, I have a sudden urge to empty my redraw account for silver. Just gotta get the wife on board which is a lot harder than it should be.
Its easiest if you teach them about money and how the fiat cheats you. Until then they think it's a risk or a speculation. Once my wife educated herself it was a no brainer for her. Shes all in ever since. Good luck.
What are your thoughts on USLV?
Can't say I've used it, but I believe it is more an intra-day trading tool. If considering it, make sure you look into the fees very closely.
What a beautiful spike we've had.
There is some tough resistance here at US$1,525 gold.. a critical level.
Tonight will give a good indication, but there is a 'CHANCE' this MAY be a short term top for the metals. A wait and see game
Deutsche Bank looks like it wants to create lower lows however so interesting times.
There is some tough resistance here at US$1,525 gold.. a critical level.
Tonight will give a good indication, but there is a 'CHANCE' this MAY be a short term top for the metals. A wait and see game
Deutsche Bank looks like it wants to create lower lows however so interesting times.
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What a beautiful spike we've had.
There is some tough resistance here at US$1,525 gold.. a critical level.
Tonight will give a good indication, but there is a 'CHANCE' this MAY be a short term top for the metals. A wait and see game
Deutsche Bank looks like it wants to create lower lows however so interesting times.
This economic crisis fear-mongering the MSM seems to be pushing is making me worried about the price before I get to buy into silver. Especially since gold keeps moving up.
Still, I am hoping for another decent dip before the AUD tanks again or the shtf globally.
Avi Gilburt just posted that he expects a pullback in gold.
Deutsche Bank created a new low overnight... 
Deutsche Bank created a new low overnight...
Just read a Bloomberg article on Deutsche Bank an others. Refer link. Commerzbank also at record lows sub EUR6.00 a share and other Italian and Spanish banks trading just as poorly. The article makes the statement :
"There’s the unfinished project for a European banking union that would make consolidation easier and cut the doom loop between governments and banks. And there’s another one for a capital markets union that’s also far from being done."
Makes me wonder if the EU / ECB having driven such a situation to enable justification for one mega bank for the EU, thus more control etc???
https://www.bloomberg.com/news/arti...sh-low-underscores-european-banking-s-decline
You can be 100% sure this is the case. I would imagine the same thing is happening in China and America. This upcoming crash will be the justification to implement this. It's the next logical step for them.
Could we be in for another decent drop in pm's? I have some dry powder on the sideline so I'm very much hoping so....
Have been waiting for this decent drop to $1350+ since $1400-$1420 level. Scooped some at $1400 but not exactly backing the truck. Looks like it was mistake. Unless there’s a sudden change in China’s stance on the trade war, I can’t see it falling back to $1400 again?
Oops just realise this is about silver! But may not matter as silver now follows gold.
Today looks like a bit of a dip. Not sure if I'd bank on a decent drop though. Probably hover around 1500 and 17 USD for a bit before the next jump.
With bad news coming out every week now I sure wouldnt wait for a dip. Yield curves going crazy, bond market crumbling, Dow set up to lose 2000 or more in a single day, wouldnt surprise me at all. Today may have been the only dip we will see, never know.
Could be $1600 sooner rather than later. Is the loss of fiat purchasing power worth taking that chance?
Could be $1600 sooner rather than later. Is the loss of fiat purchasing power worth taking that chance?
Logically speaking, but there's still a chance it could correct big time. Perhaps Xi will agree to a "deal" with Trump, only to break it in Aug 2020 just in time for the election. But Trump may not fall for it. If I were him, I will want trade war now than next year. The HK protests may also subside once the summer holidays is over?