It doesn't matter what short term paper contracts do, or taking profits - the East is importing gold and silver at a beguiling rate that won't allow for much shenanigans for the metals market. I was however surprised to see the price bounce exactly off the top of the box. I see silver going down to $24 area, shake out some hands, and rocket up past $30 after...
A 70% chance that silver provides a retracement next week, as the attacks on Israel by Iran are not coming out - and the West is getting desperate (I smell a false flag if Iran doesn't bite). Asia (ChIndia - China & India) are hodling silver and gold and will provide the impetus for the forward price of precious metals. TTM squeezes normally see price bounce off...
Don't think #GOLD is done by any means. HOWEVER....... Sold some positions around the date of bearish engulfing. As of today the precious metal is still @ that price level. We missed a lil more upside but it wasn't much oi the whole scheme of things. #SILVER shows same exact signs except the Bearish Engulfing. AMEX:GLD AMEX:SLV
Miners didn't accelerate to the upside like metals because they do better in lower interest rate environments, whereas metals do better for volatility events. You could buy ITM puts here on JNUG, NUGT, GDX or GDXJ and see a good return, or just wait for this to bottom in a couple of weeks and ride the lightning. THIS opportunity is one of the 2 that I see this...
This has broken out of two downward trends and Powell is about to be dovish with the dollar and let inflation rip again for Biden to get reelected. I see a VERY ATTRACTIVE options play right now - Endeavor's May Call contract at $2.50 is .20 right now and the O/I is off the charts. $5 is .05 or $5 a call. If silver blasts off like I think then these guys could...
This is a great leveraged silver miner play. I can see this easily doing more than 700% when silver breaks its ATH, which this miner wasn't even around for, so I can say that it can do 1400%. Obviously do your own research, this is NOT financial advice. I also own this miner myself so I put my money where my mouth is...
AMEX:SLV It's that time again! #silversqueeze is trending on social media. This meme resurfaces every 2-3 years CONSISTENTLY when whomever thinks the time is right to take retail traders' money. With Gold AMEX:GLD making new highs they are trying it once again. Watch my video from 2021 and do the research on Google News yourself! Wait for the price action...
🚨 🚨 🚨 #Gold is forming a Bearish Engulfing on the daily charts. Volume is almost there for a confirmation of the pattern. Money Flow is low. Overbought. Weekly we see Gold forming a doji = battle bulls & bears. #Silver is at a major resistance. This should be an interesting week... AMEX:GLD AMEX:GDX AMEX:GDXJ AMEX:SLV
I sold today. I believe this is about to get a beat down. I did not and won't be selling my physical. Down to $12 and up to $48??? NOT FINANCIAL ADVICE!!!
As central banks around the world are losing their grip on baskets full of fiat currencies, real, tangible commodities like Gold, Silver, Platinum and Palladium are going to make an incredible run. There are three metals related to monetary systems throughout history: gold, silver and copper. So far we've seen gold pull ahead in the running, but soon silver will...
AMEX:SLV Silver Inverse Head & Shoulders Weekly Chart, The Inverse Head & Shoulders pattern is a bullish reversal pattern commonly observed in technical analysis. It typically consists of three troughs, with the middle trough (the head) being lower than the two surrounding troughs (the shoulders). This pattern suggests a reversal of a downward trend, with the...
The current thrust in Silver, with AMEX:SIVR as the proxy, has completed a massive inverted H&S on the weekly chart. It is important for Silver to consolidate these gains without providing the false breakouts this market is famous for.
Pour yourself a glass of Goldschläger and let's review the 12 steps before diving into this. 1. We admitted that we were powerless over the Fed -- that our balance sheet had become unmanageable. 2. Came to believe that a Power greater than our central bank could restore us to solvency. 3. Made a decision to turn our fiat over to the care of sound money, as we...
Silver is looking like it finally wants to break out! AMEX:SLV looks even better on the weekly chart! Monthly, looks okay. not great but that can change over time. This could be the beginning of a HUGE Squeeze!!! 2x would be nice and is possible this year. Have physical, AMEX:CEF , 2025 #silver call options.
The markets are really all about finding patterns and taking advantage of such forcefully. With Silver, the commercial producers and bullion banks tend to exert the most amount of market influence upon its price. The reason is that Silver is primarily an industrial metal sensitive to economic demands and also due to the fact that unlike gold, it is primarily mined...
Gold has broken out of a multi-year resistance to new all-time highs. Silver has been lagging Gold. It has started to move and should accelerate in its catch up once Silver future push through 26. I am long SLV as a proxy. Silver miners may also be a great play but I don't like the rise in energy prices, which could continue to be a headwind for them.
We know they have been playing games. I personally would buy physical and stand back from PAPER Silver. Can the silver gorillas return with strength?? NOT FINANCIAL ADVICE!!!
A no brainer buy low, sell high. Is Silver ever going to zero? No GLD has had a BIG breakout and SLV has not followed through (yet) the 100/200 sma on monthly support this trade and if your time horizon is long enough, I believe this position goes back up to the supply zone.