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Old 08-27-2020, 10:59 AM   #3876
karamazonk
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Re: Silver

So....wtf is happening?
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Old 08-27-2020, 11:56 AM   #3877
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Re: Silver

Relax n wait for November
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Old 08-27-2020, 12:07 PM   #3878
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Re: Silver

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Relax n wait for November
I'm still bullish and actually bought GLD 180c for this week when it dipped below 180, I'm just confused af as to why the market has perceived Powell's impact on precious metals the way it has.
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Old 08-27-2020, 12:08 PM   #3879
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Re: Silver

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I'm still bullish and actually bought GLD 180c for this week when it dipped below 180, I'm just confused af as to why the market has perceived Powell's impact on precious metals the way it has.
they trying to manipulate the market as always
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Old 08-27-2020, 12:35 PM   #3880
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Re: Silver

Can't be as easy as Powell speaks and metals go straight up.

The content was hyper dovish, I am convinced metals will continue to rally over the coming weeks.
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Old 08-27-2020, 01:21 PM   #3881
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Re: Silver

Of course it's as simple as that. Silver is a half assed bet on rates.
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Old 08-27-2020, 03:43 PM   #3882
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Re: Silver

There's already a tremendous amount of inflation coming from the fiscal and monetary response to COVID, but keep in mind there's also a very high likelihood of increasing social disorder leading up to, during, and after the election. Any kind of breakdown in law and order, healthcare systems, strikes, riots, destruction, even civil war, these all negatively impact the economy.

So what happens if the U.S. productivity collapses because of widespread social upheaval, but the government keeps printing more and more money?
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Old 08-28-2020, 11:50 AM   #3883
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Re: Silver

We might finally be out of all of those consolidation zones.
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Old 08-28-2020, 04:55 PM   #3884
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Re: Silver

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Yeah. We need this stuff to bubble Hunt brothers style or at least another run like 2011. We need irrational exuberance mrmusicrecorder style. We need mouth breathing stackers crawling out of the woodwork. Nothing is more fun to trade than a bubble. But it isn't bubbling yet. But I hope we have enough stacker bros that haven't switched to bitcoin yet to give us a good tradeable run here. It will end in tears like it always does but it could be some great trade before that happens.
Bingo, and here is what I am speculating is one of the major roadblocks right now: A lot of the johnny come lately retail investors/traders got burned badly by precious metals a few weeks ago after everyone and their mother was talking up gold and silver and they are now likely scared of ever touching them again. You can get a glimpse into that kind of mindset by looking at Portnoy's tweets from the last week about crypto. These people have been spoiled af, have no patience, and they have no tolerance for red.
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Old 08-28-2020, 07:20 PM   #3885
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Re: Silver

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Bingo, and here is what I am speculating is one of the major roadblocks right now: A lot of the johnny come lately retail investors/traders got burned badly by precious metals a few weeks ago after everyone and their mother was talking up gold and silver and they are now likely scared of ever touching them again. You can get a glimpse into that kind of mindset by looking at Portnoy's tweets from the last week about crypto. These people have been spoiled af, have no patience, and they have no tolerance for red.
Yeah but to some silver and gold are a religion, not an investment. They are the ones who will get the bubble ball rolling. My main concern is that they have converted from metalism to cryptoism. Either way they likely end up holding the bag (again!).
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Old 08-29-2020, 11:39 AM   #3886
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Re: Silver

Never met a single person for whom silver was a religion lmfao gtfo.
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Old 08-29-2020, 11:42 AM   #3887
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Re: Silver

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Never met a single person for whom silver was a religion lmfao gtfo.
Me neither. Just see them post in this thread (musicrecorder, sliverman etc.)
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Old 08-30-2020, 07:34 PM   #3888
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Re: Silver

Good start to the week for the spot price of gold, gapped right up and has already crossed the peak of the Powell speech (short-lived) spike. It's currently trying hard to break 1975. Silver price action has been comparable.
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Old 09-02-2020, 10:12 PM   #3889
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Re: Silver

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Originally Posted by Shuffle View Post
There's already a tremendous amount of inflation coming from the fiscal and monetary response to COVID, but keep in mind there's also a very high likelihood of increasing social disorder leading up to, during, and after the election. Any kind of breakdown in law and order, healthcare systems, strikes, riots, destruction, even civil war, these all negatively impact the economy.

So what happens if the U.S. productivity collapses because of widespread social upheaval, but the government keeps printing more and more money?
capital control and price controls get yourself some guns.
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Old 09-04-2020, 01:51 PM   #3890
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Re: Silver

If the market doesn't crash from here and consolidates or goes back into "stonks only go up" mode, maybe it's wishful thinking but I feel like it's going to be a very bullish development for precious metals.
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Old 09-16-2020, 04:43 PM   #3891
karamazonk
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Re: Silver

Above prediction is still live but...another immediate bearish reaction to Powell, not ideal. Not giving up on a bull break happening soon but I really thought there was a good chance it would happen today.
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Old 09-16-2020, 04:49 PM   #3892
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Re: Silver

Silver was $18 pre-corona at the start of the year. It's $27+ right now.

You realize silver is up more than 50% this year right?
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Old 09-17-2020, 01:06 AM   #3893
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Re: Silver

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Originally Posted by karamazonk View Post
Above prediction is still live but...another immediate bearish reaction to Powell, not ideal. Not giving up on a bull break happening soon but I really thought there was a good chance it would happen today.
It's almost never straight forward. Well probably be higher weeks/months from now. Anything above 1800 gold and 26 silver is uber bullish.

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Silver was $18 pre-corona at the start of the year. It's $27+ right now.

You realize silver is up more than 50% this year right?
And this
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Old 09-17-2020, 11:57 AM   #3894
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Re: Silver

Yeah, I agree with you guys that I've been impatient. I bought some GLD and SLV contracts for a month out right before Powell expecting a spike and those premiums have gotten destroyed in under 24 hours so I have been pretty salty. Cut the position. I'm still expecting a bull run at some point but as others have said the timing is very hazy, could be quite awhile. I'm out of all options positions for now.
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Old 09-21-2020, 10:50 AM   #3895
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Re: Silver

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I never said I was fading it. I might, but I'm not right now. Might be this thread or the 2015/16 trading thread where I had 6 months of fights with TS, Brian, and others about why PM's and miners were a good long term buy. I have about 50% of my net worth in miners from that trade. Find the thread it's in there. I'm a long term bull. I've said 100 times in multiple threads gold dow ratio is going to equal 1 at some point.

That said, markets go up and markets go down. They never go straight up or down. If you're trading them right now they are a **** buy imo. It could be that this is a kick off move of a 3 or 4 year bull market, but odds are any gains from here are given back in the next six months to a year.

Bottom line, know your timeframe. If it's a kick off move I'm fine with it because I own tons of mining shares, but if I'm trading it I'm not touching it here.
8/5/20



Decent chance the bloodbath continues into the close....
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Old 09-21-2020, 05:08 PM   #3896
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Re: Silver

Getting richer off of silver!
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Old 09-21-2020, 05:23 PM   #3897
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Re: Silver

Dame metals got cucked today
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Old 09-21-2020, 07:11 PM   #3898
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Re: Silver

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I donít know about you all... but because of Corona this is the first time since college that Iíve felt alive. I have lots of silver and been waiting for something like this to happen for 15 years. The point where things get so bad that 1 silver Roosevelt dime will buy me a blowjob from a formerly well to do housewife and her 18 year old daughter at the same time. Iíve been waiting in the shadows laughing at these cuck husbands who buy their wives range rovers instead of buying silver bullion... knowing that Iíll be face ****ing their wives mouths for the 1.30$ it cost me to buy that silver dime.

Just yesterday at Whole Foods I seamlessly entered into conversation about Corona with a milf that had a ring on her finger in the water aisle... and I said this is all a cover for Trump to bring us back on a gold standard. She started looking at me in amazement like she wanted me to paint her lips in cum. At the end of the conversation Iím like "take my number, l have plenty of protection and freeze dried food if you ever need it" and she took it from me.


This milf ended up ghosting me and now it looks like I don't even get a Silver moon mission to console me.
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Old 09-21-2020, 07:58 PM   #3899
karamazonk
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Re: Silver

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This milf ended up ghosting me and now it looks like I don't even get a Silver moon mission to console me.
Damn, things keep getting worse in this thread!
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Old 09-22-2020, 11:38 AM   #3900
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Re: Silver

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This milf ended up ghosting me and now it looks like I don't even get a Silver moon mission to console me.
Iono milf seems easy aim higher get some 21yo
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