Back in 2008 I began trading Silver from the bottom to around $40. I knew it was time to bail because every person I knew was talking about Silver and Gold. I like to call this my "People Index". At the time I had no idea why that was the correct move but I just knew it. After cashing out, I realized it was time to figure out the "Why". Come to find out Silver is one of the most manipulated markets on the planet and for good measure...
Oddly enough around 2011 when Silver decided to do it's thing and was pushed oh so heavily by the news media, a new comer arrived. Bitcoin. I dabbled with it then up until today but one thing that always struck me was that the timing was too perfect and today you can find more than enough evidence that Bitcoin was created by a government agency...
Now ask yourself. Why would a government create Bitcoin? Well, given the printing, which is to pump bitcoin and stocks at once along with the inflation of bitcoin. The ultimate goal is $1M USD per bitcoin. Why ? The market cap will have reached a point to allow it to become stable. The next step is with SDR's but I won't go there.
In short. All of this means Silver will rise, but at a slow rate, worst case a stair step, depending on stimulus and JP Morgan's long position. Silver will move to the upside in the next 3 months to $48 where it will stay for the foreseeable future. How do I know? Well. I can predict the future.
Best of luck, stay clear of option contracts unless you like to get burned on IV, & Theta for the next 15 or so days.
This is not investment advice. I just like Silver.
Oddly enough around 2011 when Silver decided to do it's thing and was pushed oh so heavily by the news media, a new comer arrived. Bitcoin. I dabbled with it then up until today but one thing that always struck me was that the timing was too perfect and today you can find more than enough evidence that Bitcoin was created by a government agency...
Now ask yourself. Why would a government create Bitcoin? Well, given the printing, which is to pump bitcoin and stocks at once along with the inflation of bitcoin. The ultimate goal is $1M USD per bitcoin. Why ? The market cap will have reached a point to allow it to become stable. The next step is with SDR's but I won't go there.
In short. All of this means Silver will rise, but at a slow rate, worst case a stair step, depending on stimulus and JP Morgan's long position. Silver will move to the upside in the next 3 months to $48 where it will stay for the foreseeable future. How do I know? Well. I can predict the future.
Best of luck, stay clear of option contracts unless you like to get burned on IV, & Theta for the next 15 or so days.
This is not investment advice. I just like Silver.
Comment:
I've posted an updated variation of this trade, I am now full bearish on Silver due to the overall market sentiment change. This is probable in 6 months time or more.