pivot point for silver. They believe it should bust open from here.
No argument from me.
It's like one or the other is in a twilight zone universe.
One group says we're all getting sucked into buying in what they say is a bull trap and PMs will be going down. Goldman Sachs leading the pack, and with due respect to the bugs, Goldman IS a force to contend with. IF they are wrong, or worse,lying, it will make "The Big Short" seem benign.
And, the other side says we are in inning 1 of possibly the greatest bull market in Gold and Silver ever,and some of that group prognosticating silver will be even stronger, due to VERY limited supply AND intense short manipulation which will come to an end at some point in the not too distant future. I expect nothing less from Bugs, so THEY have to work harder to gain my respect.
But,this is measurable.
Time WILL tell us who is right.
Meanwhile, I will continue to STACK, as stacking physical seems safe and a REAL hedge.
And, for the kicker, miners is the leveraged play.
Silver just getting started? Nice relationship move today, after a slow start.
Coin sales getting brisk.
the Yen. Japan is going to try VERY hard to prop up the dollar but they have ZERO chance. What they can do is shoot themselves in the foot by weakening the Yen. They're DONE! Dug too deep.
Watch out and let's hope they don't do anything stoopid!
Welcome to the party. Yes, $6 is a bit of a wall, whether you want top agree or not.
But, regardless of "who you think you are", when you post a roadmap like that, your credibility gets a ?
Since yur obviously on my side of the trade,I wish you luck and will gladly read your posts, as the price of admission is free here.
But, friendly suggestion.....sounds like you need to tone down the ego thing, no matter WHO you are! haha
For years, BUGs talk of an end, just around the corner.
I am long metals and miners, but not a bug.
IMO, there will ALWAYS be parking places. They just might cost a bit more.
That's why we own them.
IMO, it will survive.
I use no analogies.
Next year, 5 years, all will still be in place, just different prices,different values.
Someone wants to buy 20 silver dollars, they will, just might cost $50 each or $100 each or $35 each......but there will be plenty around for sale.
Here's my short version of the result of the relationship;
Our monetary system will NOT fail us. Gold and Silver will rise, possibly significantly.
Silver could/should outpace in that relationship.
Roughly 80/1 is not sustainable.
It will be closer to 35/1
Our monetary system is relying on gold and silver and it will not fail us.
Free markets will prevail.
The fiat dollar will be the last, to win the race to the bottom, and prevail with silver and gold behind it, and much weaker than it is today.
Obviously, I watch SLV, but NEVER EVER buy it except in a momo play for a trade.
I buy and own miners, and PM/miner mutual funds + I stack the physical (coins and bars).
The bloggers are out in force trying to sell their following and newsletters.
They are spouting the now usual conflicting technical analysis. They are trying to sell readers on their expertise by using conflicting and confusing data, thus creating an environment where they want you to believe only they know how to time the backing and filling.
They are despicable.
Look, the Government is trying desperately to get inflation up.
They are even backing forced WAGE inflation by supporting HUGE minimum wage increases.
Forget about trading today and tomorrow. Buy solid gold and silver miners AND physical.
a few years from now, we should be way ahead or at least, keeping up with the inflation about to come and continued currency devaluation.
Iam a believer in gold and silver. I am merely, well not merely, I am saying eventually there is a strong likelihood, the US will enter the negative I rate world, in one way or ANOTHER...and I believe they are currently experimenting with Central Bankers around the world. Eventually, they will reduce debt BUT in the meanwhile, they will debase currency to the point of no return.
Nobody NOBODY anywhere understands what will happen to our currency with all this printing AND the manipulation of interest rates.
I am proposing the concept that they WILL eventually reduce debt BUT along the way, devalue the dollar. No one speaks about it this way.
Imagine if we are the strongest, safest, 3 legged dog in the world. (we are)
We go negative and CHARGE 1.5% or more, for investing in our T bills.
THAT'S how we pay our debt back. And,it's the ONLY way!
You chartists out there have been silent while witnessing the 50 DMA cross over the 200 DMA. Yeah, I know, Golden Crosses aren't everything they are purported to be........unless they are.
I guess only time will tell eh?
IMO, CDE is positioned to increase parabolic like move from here, IF what I think is going to happen to AG prices this year.