As we all know the heavy news speaking loudly about silver. Although of course they are half right and I will let them buy it on Monday all tbe way to 28.8 $ make them happy , and then just when they think its going to fly to 1000$, then the sellers will show up to take the money away. we will be looking for shorts on Tuesday onwards. with long term hold of up to a week, aiming for lower prices first target would be around 24$ where we may take some positions off , followed by our main target of 20$ .
lets see how it plays out.
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price target reached 19$ : ) congrats if you held your sells , whats next well it may drop a little lower but i am going to start looking for buys around 17$-19$ area good luck !
@gold2green, thank you for your comment, i make money just like everyone else buying and selling. : ) if you wanna follow the news like and be gullible then its not my problem.
What evidence is your position is based on, other than just being contrarian? You are on of the few folks that is not tooting the silver bullhorn, so would love more specifics thanks !
garrystevens71
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@Nomad_XIV, bank levels, wave analysis, as you can see on the chart, we need a wave down . its not fundamentals cos i just see that as a big distraction to what is really going to happen.
tristan0nguyen
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very spot on. that's what i'm intend to do. I'm currently Profit 5k from $25.5 to where it's now. Just waiting to pop the top then short it down hahaha
marclx
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I've closed all my positions with TP after market opening. It will not be so easy to go to 30-35. I believe also on a correction before Tuesday. We need not to forget the permanent high volatility of this instrument.
I recommend regular TP's and re-enter long positions
garrystevens71
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@marclx, great job , yes i think tuesday is the day we will see what the banks will do , and follow accordingly.
Sternbild
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Glad I sold at just under 28 dollars. One of my LCS claimed he's having a hard time sourcing silver still...I have a very hard time believing him he was selling at a premium of 6 dollars before it was cool to buy silver...just a guy trying to get by but that's why I chose to dump my coins on him. One of my LCS was offering to buy the ASE I had at under spot (when 15 dollar premium was common), completely ridiciulous. One was fair. I learned the hard way how important to do your homework before buying.