Setting up a minor I II, i ii EW count, should gap and run to 20.91 tomorrow, Seems to want to drag this out until Thursday afternoon, if so the Fed meeting must be a non event to the market. Silver futures has the triangle build, ie coiling, ready to move after SLW closes for the day . . .the hourly RSI has been drifting back and forth across the 50 line.
OK, we know one place you believe not to invest, care to share your profit making thoughts?
somebody needed to come along and end the delusions of the gold and silver nutjob small investors. lol
you can cheerlead a raging bear market all you want, but cheerleading does not lift all these dead golds and silvers. only a radical change in mass psychology, but the dead golds and silvers are hated so intensely today that it would take at least another five years, minimum, to change the mass psychology, and by then, most of the dead golds and silvers, including slw, will have been buried, the same as happened during the gold and silver bear of the late 90s lol
every dead silver and gold you see trading around 1.00 or lower is nothing more than a preview of the slw price, coming far sooner than small investors can imagine, even as the experts figured it out ages ago. small investors need to get it asap, or they can make smallsville their permanent home lol
It should read,
This is to immediate force interest rates "UP" and to interrupt runaway inflation.
The danger is that much of the $2T that were pumped in through QE1-QE3 did not make out of banks' vault but had only helped the banks' reserves. Credits are still difficult to attain for general public while getting a mortgage is just as hard even to be qualified.
The Fed's fear is that the now $2T of liquidity may suddenly find its way out of the bank's vault which would increase the speed of money flows between transactions (velocity of money). It is not the "if" but rather it is the "when" that happens the Fed will have to immediately halt any QE and will be required to dump bonds back into an open market to remove any excess liquidity by way of banking system. This is to abruptly force interest rates down and to interrupt any runaway inflation.
My SLW investment and physical stack is to me some insurance against my dimenishing buying power on a fixed income of $60 thousand a year thats eroding at a 10% per year clip thanks to the FEDs money printing and policies etc... over the years. Hopeing to maintain a decent standard of living is about it now. Think is about time to label JP Morgan as an ongoing criminal operation seeing they are being investigated now as being tied to Madoff.
He's been a really busy guy. We should be thankful for him apportioning us some of his valuable time to save us from ourselves. I'll bet he wears a cape and has a big "S" on the front of his union suit.... and can leap tall suitcases in a single bound.
Of course. bullion, AU, AG, SLW and junk silver are all related. As previously stated, unless you have the resources of a John Paulson you are outclassed when it comes to analyzing PM markets. What you might do is watch technical charts to see if there is confirmation of a double bottom by, for example, current news that John Paulson dove into them again. Paulson has lost a lot of money in this sector recently, but continues to believe it will recover and trend upwards. That makes sense unless untold millions remain brain-dead and continue to think paper based fiat money and wealth has any lasting value.
Just don’t get over enthused and expend precious resources before time. The more those who do that the more the likelihood that the fiat money crowd will back themselves into a corner they cannot exit from. That will be more entertaining watching them squirm than the actual positive returns to those who have somewhat accurately picked a price point they won’t have to watch continued price erosion from.
They are taking silver down again- now at 19.88- it happens every session- hope it comes back up in the morning- no mojo in the metals- 1 step forward 2 steps back for months on end. GLTAL
So, just find what seems to be the bottom and jump in, huh? Bullion, AG or AU, junk silver or issues like SLW?
Okay boys let's all put our miner's hats on and find that bottom. Smoke 'em if you got 'em.
Every time there is an advance in PM prices as they arrive in the UK and USA markets they are whacked down. This is not the characteristic of a free market. It is the coordinated attack by western central banks, including those in Asia, to suppress them in favor of fiat currencies, except in the case of Asian markets, they are in acquisition mode, while western markets objective is the protection of the fiat money producing cartel.
So the recommendation here is to discount those with reasonable but optimistic views to what the real price should be, and also to make statements concerning their arrival in the near term. Rather follow the lead of John Paulson’s investments in PM mining companies and ETFs. When they, with their team of analysts, see an opening they are willing to take risks on to make significant investments in what they perceive to be the likelihood of advancing PM prices that will be the straw that breaks the back of the fiat bankster manipulators. You will then have a reasonable chance of success as a longer term investor. Those who visit this message board and continually day trade are never going to see the “forest for the trees” and are more likely to lose money, despite what they might claim to the contrary.
The object here is to find a true low point where manipulation is no longer viable, which can to some extent be correlated with good chart interpretation of true double bottoms. An increasing pool of successful investors opposed to central bank fiat money makes more likely that a turn-a-round will arrive sooner rather than later. That’s why all should look with more than suspicion at those who try to promote the idea that next week or next month will see the re-arrival of the bull market in PMs.
Did you leave your car keys at the bar again?
Silver will go up for one day about a buck and then come back down. The stock will then flucuate because it will be the same old fed taper nonsense for the next two months. Until the taper is over I fear unless the dollar folds this stock wont do much.
That's how I see it, although I'm expecting a bit of a push here at the end of today and thinking we might spike up tomorrow in the morning for the top of Wave 5.
Thanks, Just a possibility that fits pretty well, as always it has to play out. If it does, it should call the bottom, doubt we go sub 17.75 Post chart is set up so 5 = 1 in length, should be within 10 / 20 cents anyway. Grin, think the JPM has any chartist on their staff? probably they knew where price could go and how they would get it there in silver since 25.00