and GL on the WTI trade...haven't looked myself but will now.

I'm just in the physical stuff but I bought AGAIN last Thursday at $15.04 I think maybe 15.03 I'll have to look. Didn't get a huge amt, but got Christmas presents...for 2020 LOL!!

If silver is waaay high by Dec 2020 I can always keep the .50 cal (also ordered some silver rounds) and get another good present, just not one worth SO much (assuming it is).

Great buying op with the dollar up today for your "second-chance" on silver before the rally really decides to take off. Gotta figure in the manipulation going away or easing at some point down the road too.

hey...yes, it was the one you posted two days ago, I think. I see lower (below $15) as a buying opportunity if only I can come up with the $1,600 in fiat money it takes to buy a 100-oz bar (lowest premiums on what I can afford and with commissions factored in). I'm still doing well, as I made my purchases (100 oz bars) at $14.30 and at $14.66 last year. I sure wish I could buy ANOTHER 500 oz if prices reach those levels again.

I just don't see prices hitting $12.90/oz, although they certainly could. That would be below the 10-yr low, if memory serves, and that is a LOT of support to break, especially considering we now know of the Central Bank purchases in 2018. I'd think that would have to "put a put" under the market so to speak, but time will tell. I'd be fine waiting things out for a few years, if necessary, as physical trading shouldn't be done on a short time horizon; it's more of a "position" trade, so a couple of dollars above/below my entry point isn't much of a fear.

That said, I WOULD start worrying if silver falls under $12.50 or so, with the Elliott correction in mind.

I posted it, thanks.

At the time, the gold/silver ratio had broken out to the downside, which turned out (now) to be a false breakout as it has since broken out to the UP side.

However, if you look at the trendline on that gold/silver ratio chart, I Can't tell precisely bc my software (free) isn't that precise, but it looks like it hit that trendline and paused. Next week should tell the tale, but in the short term I'm BEARISH on silver.

Either way, I'd still be a buyer at $15/oz or even below, if I had the $$ to re-load the wagon. Silver rallied nicely for a while, and even made a slight profit from physical buying, if only a bit. A futures contract would have made megabucks, but I was simply observing the "breakout" on the ratio. Carter Worth of CNBC made the same call, just a week after I did, so I was right on the call as far as the technicals go. It's the increased manipulation I'm seeing as the DS is getting really overt in their desperation.

and quite the silver sell-off today, down over 3%. But at least for the moment, it's not breaking the support line of around 15.18 -- yet. If you draw the trendline from the recent lows of mid-november, you'll see the trendline extended out this far into the then-future, that trendline just happens to line-up with that $15.18 price right about now. Trendline might be at ~ $15.15 today, but it's really, really close to those lows of Jan 21-22.

Gold just bounced off that $1299 spot which is ITS inflection point around now, so I'm trading, I'd be a buyer here with a fairly tight stop OR sit it out for now. Again, atm I don't have access to much technical stuff I usually look at so no way to tell, but in the longer-term it's a buying opportunity again.

...so $1403 USD is the upside target for gold in this Elliott-wave cycle, eh? From what I see from your image, it looks like gold turns around at $1290 (I guess I'd place a "stop" at $1282 or so, just to give the intraday bar a little room to move), so gold should be going back up from here? Silver will follow of course, but since the GIF is a gold chart, that's where the convo should be for now. You take care and let me know what you think as you say maybe over the weekend. Thanks again, Anon! :)

The other thing I wonder about is this: What if we wake up one day, gold and silver are now (again) "backing" currency and shoot up sky-high? What might be a selling opportunity to make a small fortune could be a signal to STILL hold on as the banking system changes fundamentally. Will there be this "debt jubilee?"

With MY luck, I'd sell all my silver, make tons of money, use most of it to pay off my debts and mortgage, and THEN we have a "debt jubilee" where my debts woulda been wiped clean in the first place, in which case, yes, I'd be better-off, but that's because of debt forgiveness and not me making tons from silver and paying them off. I'd be SO pissed if that happened right AFTER I pay mine off!

Do you have any thoughts on this? Nice to hear from you again, as always.

Thanks. Yeah, Gold is right at that "common number" support/resistance right now...been looking in on a webinar run by a longtime friend who trades for a living. He takes losses just like anyone else, but he's good at technical analysis...but he's a commodities trader plus the indexes in stocks but he doesn't trade individual stocks. He's also not so deep into the metals as we are, but simply does technical trading. Right now, if you twisted my arm, I'd say to buy gold (if short-term trading) with a pretty tight stop below $1300 maybe $1290-ish. It has to pick a direction now. Bias has been up but metals have been falling the last couple of weeks even with a gradually weakening dollar. That tells me the "risk-on" trade is back. I'm not so sure of the fundamentals behind it, but I would have thought with the situ with the EU/UK/BreXit/Yellow Vest stuff that there has to be a "put" under the pricing somewhere in metals. I just don't know where it might be if it's not right about where we are now.

Silver is WAY down...would be a little suprising but not totally shocking if we DO see $15/oz silver again soon, but I think it's less likely rather than more so. If it does, then the chart's broken again and it'll be a buying opportunity over the longer haul, IMO.

At least if people had taken my "advice" here and spoken to a professional trader they trust, they could have gotten in and made money and gotten out (if futures/options trading) but as you know, physical silver carries a commission and premiums so we're not in this for short-term trading but rather a longer-term "hedge" vs the possible collapse of the Petrodollar, which Trump is wanting to do.

I did have an annoying "troll" of sorts...not really a troll, but someone pointing out "gotta be an idiot to take investment advice on VOAT." Well, he was right as far as he said, but he didn't read my post...I DID say to check with a pro. It's just really frustrating sometimes to put my OWN expertise out here, FOR FREE, just trying to help show people some possibilities and get blasted FOR it. I mean, I thought VOAT was a place to share OPINIONS as well as facts, and I showed a TON of facts, shared my OPINION, and well you saw all the attacks. Sure makes me wanna think more than twice before sharing my work for free again, but then again I'll find a fellow anon or two here and there, like you, who can speak thoughtfully and intelligently, as well as INFORMED, who make me thankful to have found people like you who I can talk with rationally on the subject.

I'll check the link...thanks for sharing it. I'm not so "up on" Elliott Waves, although I do know wave 3 is the "Impulse Wave" and usually the most powerful of the five. Mainly, I look for "divergence" in the indicators and go from there.

As for the metals, they need close watching right about now for sure. I'm not so bullish on them in the shorter term and see price drops as buying opportunities, but being "in" on 5 100-oz bars at an average of about $14.50, I shoulld be okay over the long term.

I'm thinking gold goes to $1600 maybe as soon as late summer.

ahhh one other thing, regarding the ETFs. I haven't been paying attention to them bc of a lot of reasons, all bad, (good to stay away I mean), and long story short, aren't they all like wacked-out over-leveraged? I suppose I could go hunt silver's market cap vs. the sum total of money invested in ETFs and do it that way, but since I'm not in the paper markets and will not be for the foreseeable future, I haven't bothered to check in years. But even years AGO, the talk was that they were trash b/c of the massive leverage involved. I think I heard a snippet that the SLV was levered over 100 to one? If THAT comes apart, we'll probably see Volatility from Hell, but I think the bias would be UP as the SLV unravels because of the uncertainty and outright fear it would create...and perhaps that might induce the metals bubble I'm seeing coming in the next 18-24 mos.

The problem with technical analysis is the fundamentals, and the problem with the fundamentals is the technicals.I've found the fundamentals are the more powerful of the two and pick the bias, while the technicals narrow things down and pinpoint prices for the market analysts to play with.

I know a bit about Elliott waves as well. Are you talking about the impulse wave, wave 3? I just don't have updated software as there's no reason for me to pay for a subscription when I'm not trading paper stuff just physical, and as I'm in balls deep in silver at an average of about $14.50.

On the metals, I think there's a "Trump Put" under the prices due to his war on the Fed. Lowest price in the last 10+ years is $13.46-ish.

The problem with Elliott Wave theory here is the fundamentals are soooo different than usual, as we've always had a "stable" Federal Reserve, such as it is anyway, and the Trump Put is there due to that pressure he's bringing on TO the Fed over interest rate hikes and choking the economic upturn. I think he's done a good job of awakening the public as to how they work. For one thing, when's the last time the Fed "predicted an economic downturn?" It's not their jobs. They have a "dual mandate" and neither is economic prognostication but rather the OTHER end...controlling the money supply and inflation, but as the 2008 crash proved, they have almost no "say" in how the economy actually DOES because they can only pass money out. They cannot make you spend it, so they have no control over the velocity of money. With Trump's pressure and the Fed under the microscope, the beauty of it all is Trump doesn't even have to necessarily succeed in displacing the Federal Reserve for the metals to rally...he just has to frighten enough people that buy the metals to cause prices to rise.

I appreciate the Elliott Wave stuff. I REALLY do, and thank you for reminding me of it. We're pretty obviously in a Wave 1 right now and as I see leaps up in pricing, I keep expecting that Fib RT and it really hasn't come yet...at least, nothing deep like a 62. I will have to disagree on your thinking of the lows; the Fed and others are who actually made me START thinking of buying the metals because last year I noticed sooooo many people talking down gold and silver as "passe'" or "yesterday," etc., and if I have learned one damned thing in my life, it's to listen to the powerful in government on the left, hang on every word, and assume the exact OPPOSITE of what they say to actually BE true. This served me incredibly well under the Obama administration and seems to get increasingly pertinent recently.

I know exactly what they were doing...they were trying to "talk down" prices so they could buy it at low prices. If that ain't pre-school economics, I don't know what is, ya know? But talk talk talk talk beat beat beat, and they could NOT break that 9-year low of $13.46-ish I mentioned in silver, and I'm sure you are aware that silver is generally more volatile than is gold, as it has the much smaller market cap and is easier to push around, but you can only do so much because it will not decouple from gold.

The other issue with the lows you talk about is it would push the entire market into bear territory and I just don't see that happening when I look at the fundamentals and having seen the assault on the metals last year.

ALLLL that said, I appreciate your input and you could well be correct. That's the thing about markets I keep saying...they can remain irrational longer than you can stay solvent. I'm likely going to "trade physical silver," BUT, I'm going to have to be really smart about it because of the bid:offer differences and commissions, but I'm already "up" a couple of hundred bucks on my physical purchases if I turned around and sold 'em right back to where I bought 'em from today, but I'd have to see a nice high followed by more weakness than I expect for me to sell them anytime soon. Barring a change in fundamentals, and a pretty severe one, I just can't picture silver falling so far as you suggest it might, but again, anything can happen. We're talking about Human Psychology here, so markets are never all that "rational" to begin with, no?

Lastly, and this is an "axiom" I came up with some 15 years ago to describe markets, and I think it's rather profound if I may say so myself: "The markets are NOT a reflection of reality. They are a reflection of the PERCEPTION OF reality."

I appreciate your thoughts. It's nice to chat with an intelligent person who doesn't find a page and a half "too long to read" before forming a strong opinion. I'd give real money to watch these commenting clowns attacking me try to trade! LOL

What an expert! Can't read because it's "too long;" has a strong opinion.

Who has the mental disorder? Me?

The Projection is strong with you, and it's emblematic of what's wrong with the nation. We have people like you who are simply programmed to go into attack mode without having the facts on hand, and you even admitted to it.

Proverbs 17:28

Never been in a temple in my life, so I'm good, but thanks for the sage advice. Frankly, IDC what you do or don't do with your money. You aren't able to comprehend what I did was simply tell people what I know and tell them to DO THEIR OWN RESEARCH. But apparently, you're not familiar with the Good Samaritan story, either. We'll see who has the last laugh as the gold and silver prices will decide who is the hater and who is trying to help people.

I have to say though....as far as you went, technically, you're right. Didn't mean to be soooo "combative" about it and I do apologize there. Basically, I get really frustrated sometimes anymore when I put my own expertise out there and it gets either ignored or talked down even when I'm right. Hardly anyone took notice of my election prediction, either, so there's precedent too.

https://imgoat.com/v/145998/election-me

It's all good though. People have had 2 months to the day now to go talk about gold and silver to an "investment" advisor or whoever they want. Still plenty of upside to this, uhhhh...."spike" yeah that's it! This "spike."

Gold and silver are NOT "investments," dude. They're MONEY.

You also obviously didn't actually READ what I said, because I DID say to consult someone you trust before doing anything.

Try actually READING before having an opinion the next time, maybe?

Now, instead of "shooting the messenger" as you did, others need to look into the moving parts behind what I said. I don't care about your opinion, it's the facts of the relevant things that drive prices I'm pointing out but trolls would rather read a headline, call people names and racial slurs despite being clueless about everything. What I'm doing is helping THINKING, RATIONAL PEOPLE see what's going on, and once AGAIN, telling them to do their own research. You see, it's stuff like this that VOAT is her FOR; NOT a forum to harass strangers trying to be good people and letting others know, hey "look at these things, it could make you some money if so inclined."

You continually illustrate how timeless Proverbs 17:28 really is! I'm seriously dying laughing because you obviously never learned that when you're in a hole to stop the damned digging!

LMAO! When YOU call people "fucking idiots," it's FINE. When I give it right back to you, I have anger issues?

Yup, that's a dimorat for you...CLASSIC PROJECTION! Thanks for doxxing yourself!

Proverbs 17:28