Interesting opinion, I'm certain many will disagree with you. Do you have anything to support your opinion that it has peaked? Do you feel the same about gold? Would love to hear your thoughts.
Silver Spike...
- Thread starter SilverSale
- Start date
Elliott Wave theory. Yes for both Gold and Silver
From 2011 down to Dec 2015 was wave A . We've either just finished wave B or will with one more spike up in the next week or so. Wave C follows and targets about $7 an ounce in about 4 years time.
But then again, ask a handful of Ellioticians and you'll get a handful of different readings. All I can say is I'm happy with my timing in exiting the market. Money where mouth is, so to speak.
From 2011 down to Dec 2015 was wave A . We've either just finished wave B or will with one more spike up in the next week or so. Wave C follows and targets about $7 an ounce in about 4 years time.
But then again, ask a handful of Ellioticians and you'll get a handful of different readings. All I can say is I'm happy with my timing in exiting the market. Money where mouth is, so to speak.
I so look forward to that day
Baron Rothschild, an 18th century British nobleman and member of the Rothschild banking family, is credited with saying that "the time to buy is when there's blood in the streets." He should know. Rothschild made a fortune buying in the panic that followed the Battle of Waterloo against Napoleon.
By first creating the panic, and covering their ass by backing both sides.
Thanks for your input. I pray we hit $7 for gold as I'll be heading for the Federal Reserve with checkbook in hand.
In other gold news:
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Maybe $700 on gold. The pattern is the same, the price not so much.
Its not far fetched, especially with a global economic reset. Regardless of the price movements, I'll be holding my stack and adding to it whatever is within my capabilities.
Anything is possible. That's why we do cost averaging.
But $7 silver, even warren buffett will be secretly buying 1 billion ounces for "fun". Don't think the billionaires are not watching, they are watching even if they don't talk about because they need to protect their hundre3d billion stock investments.
A global economic reset is definitely possible, but not sure if gold can fall even when that happens considering how much liquidity there is in the world. If there were a SHTF scenario, interest rates will all go to minus territority, banks will not be safe, so where will you store your cash?
Just listed Japanese companies alone have S$6.64 trillion in cash sitting in banks.
https://www.straitstimes.com/busine...-japan-sitting-on-record-664-trillion-in-cash
Most of us that are living on pay check to pay check won't realise how much cash the elites have accumulated.
When things are settled, if the human race makes it through the turmoil, we may very well see days of old with $300 a week incomes. This makes $700 an ounce gold fairly reasonable doesn't it? That would be a dream scenario, I doubt we will ever arrive there. Most of us stackers will be dead and gone in the coming troubles before we even realise the benefit of our hoarding of precious metals.
JOHNLGALT
Well-Known Member
On the heels of a trip to King World News (KWN) pumpers extraordinaire we have: $1,000 Silver?
https://kingworldnews.com/1000-silv...-what-just-hit-the-highest-level-in-40-years/
https://kingworldnews.com/1000-silv...-what-just-hit-the-highest-level-in-40-years/
^crackpots, not surprised you frequent that site or post such links
$7 dollar silver with $300 weekly incomes?
Sounds like an alternate universe!
Sounds like an alternate universe!