I made this statement on Dec 26th here:
https://voat.co/v/QRV/2935537/
I was amazed it drew such little interest, given the political and financial instability in recent years.
CNBC's Carter Worth said the same, but a week LATER if you look at the date on the video IN THE VIDEO ITSELF; he called it on Dec 31st:
https://www.cnbc.com/video/2019/02/01/technician-who-called-the-gold-rally-now-sees-this-for-the-metal.html
Then just the other day, it was reported that central banks around the world have bought gold in 2018 at a higher rate than they have in the last half-century:
https://www.cnbc.com/2019/01/31/world-gold-council-central-banks-buy-most-gold-since-1967-.html
I guess I didn't make myself clear enough when I said "Buy silver NOW at $15.00/oz." I meant BUY IT NOW. I got a comment or two about "not wanting to buy a 'spike' in anything." They're missing the entire point.
You see, when a rally gets going, it has to begin somewhere. I'll be pretty shocked if we see silver at $15.00/oz again. EVER.
But that's all fine. I made my own purchases at $14.24 and again at $14.66/oz on Halloween of all days, (14.24) and again a few weeks later (14.66).
"Why not just buy gold, then, instead of silver? Why Silver??"
https://seekingalpha.com/article/4205481-gold-silver-ratio-spikes-highest-level-27-years
the gold:silver ratio is historically HIGH, meaning a "reversion to the mean" trade would be buying silver, not gold, in order to see a higher ROI. On Dec 26th I saw something in the chart pattern that told me it was heading back down...meaning silver is gaining at a faster rate than gold is, which is fairly typical in a rally. It has since sunk a bit more, now at 82.93.
"The ratio of silver to gold in the earth's crust is 17.5:1" but the gold/silver ratio is saying "82.93" and in a "bearish" pattern recently.
If still not sold on silver over gold, simply watch the prices over however long you want to wait for higher prices. On an "up day," probably 8 or 9 out of 10 times, silver will be up a higher percentage than gold. This is not a "hard and fast rule," because the gold:silver ratio behaves just like any OTHER chart, with Fibonacci retracements, etc. But the trend is down, and from a VERY VERY HIGH LEVEL historically.
...just imagine if the gold:silver ratio reflected reality...that gold is "only" 17.5 times more rare than silver instead of the 82.93 times currently reflected in pricing, AND silver has MORE industrial uses than gold, but some of that is likely due to the fact that gold IS so expensive relative to silver. Both have intrinsic value, unlike the cryptocurrencies, and a long history that the cryptos lack.
Precious metals have historically BEEN ACTUAL MONEY, no? Both are very good conductors, for one thing. Cryptos, while likely going to make a "bull run" before next election day, there's the additional risk of buying the RIGHT cryptocurrency. "Math" has no intrinsic value although knowing how to USE math has some ethereal "value" I guess. But remember...cryptocurrencies need power, computers, and a functioning internet. The precious metals need none of that, taking THAT "risk" off the table as well.
I'm certainly NOT dissing the cryptos for those of you heavily into them. I do think their time will come, but I think with gold and silver having such a long history, and given the political climate and fears about a possible "6 months of a down power grid" or Q saying "10 days of darkness" (I think it was 10 days - someone can check me on that particular quote)
The upshot of it all is IMO, I think 2019 will be the year of the precious metals. It's even quite possible they'll be in "bubble" territory again, much like back in 2011-2012 when the chart pattern formed a "double top" with a difference of ONLY 90 CENTS. That's pretty much a thing SCREAMING that the top is in when it's that close and over almost exactly a year in-between the two (Sept 15, 2011, and Sept 27, 2012).
...but they will do so at MUCH higher prices. I'm hearing "rumors" that gold could go to $8,000-$10,000 an ounce due to a multitude of factors that all add on to the reason pricing will be so much higher...mainly a dying Petrodollar and Trump's wanting to end the Federal Reserve...which isn't helping/won't help be supportive of the dollar pricing but the precise opposite.
NOW...do your own research of course, but realize a weakening dollar itself is bullish to the markets because it takes more OF the dollars to buy the same thing as before when the dollar's value declines. We've historically seen/heard (at least, I've noticed) politicians always give lip-service to "supporting a strong dollar" while their actions behind the scenes say otherwise. Trump is at least honest in that he wants to END the Fed and go back to a gold standard where the value of a dollar is pegged to some specific weight of gold or silver.
As for me, I used to make a living trading gold and silver (the ETFs) on the markets...futures and options stuff, so I'm well-versed in the technical analysis OF charts, and I'm pleading with fellow Patriots to consider investing in the precious metals pretty much on Monday.
While buying physical silver and gold is safer than trading it, especially in today's manipulated markets (even more so than just the 8-18 years ago I was trading...also traded soybeans, but that's not relevant here), if you're knowledgeable about technical analysis of charts, then you might consider buying a futures contract (at the right technical entry-point, of course) OR SELLING A PUT OPTION, but doing that limits your return while exposing you to unlimited risk, but a very strong, bullish chart like gold & silver recently have shown could be a consideration if you pick a low enough strike price. I still feel we won't see $15/oz silver ever again, but the old saying "markets can remain irrational longer than you can remain solvent" ALWAYS HOLDS.
Now y'all can't say you haven't been warned or educated or exposed to what's going on. I feel this "precious metals bubble" that (likely) is coming at some point might well transition to the cryptocurrencies once the metals bubble begins to break down. But for the "here and now," it would be a good idea to at least research this and/or getting someone you know who DOES know about technical analysis to take a look at it. With the worlds' central banks buying gold at such a rapid rate in 2018, they're telegraphing what's coming.
Remember...actions speak louder than words.
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16551412? ago
Only a fucking idiot would take investing advice from voat.
Don't be an idiot.
17024689? ago
Who's the "fucking idiot" now, buddy?
17029509? ago
Anyone that took investment advice from Voat. That's pretty simple. We've been over it.
17069729? ago
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
17035313? ago
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."
17035087? ago
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?
16551779? ago
Well said. OP is a moron.
16552725? ago
then do the research yourself and tell me where my mistakes are. All I did was tell people there are a lot of signals for higher prices in precious metals and I have gotten nothing BUT attacks, racist comments at me, and ignorant trolling.
But I guess you're right in a way...I AM a moron for thinking the trolls here care to actually earn money in a legal way.
16551480? ago
obviously, you're a headline reader since you posted your Brilliant Observation 3 minutes after the OP went up. But I'm sure you checked the links and saw the videos I put up too before replying....right?
16551437? ago
...which would be why I said to do your own research, you fucking idiot.
16551858? ago
You've got anger problems.
16552095? ago
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!
16552307? ago
TLDR
16552378? ago
...so you form your opinion because I gave too MUCH info for you to read? Too much info to illustrate the reasons behind why I said what I did? Then, you admit to being willfully ignorant about it, but expect to be taken seriously siding with the person who is STILL calling me "kike," "Rabbi," whatever?
Life must be hard for you having such strong opinions when you admit to being ignorant? WOW, that really IS what Proverbs 17:28 is talking about! People like you! LMAO!!!!
16552020? ago
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
16552084? ago
You are vulgar, belligerent and paranoid. Try to calm down a bit.
16552135? ago
You're a classic case of being able to dish it out, unable to take it, and projecting, dude/dudette...nothing hostile in my OP; I simply handed back the crap you handed me but you blame me for...your original trolling. Keep it up!
Proverbs 17:28
16552191? ago
I didn't dish anything out. You're mistaking me for someone else.
16552313? ago
Then you jumped in on their side, obviously, so the replies are still relevant.
Please tell me what's in the OP that's so "offensive" then, causing you to side with the person attacking me for posting what I did, sir/ma'am?
16552425? ago
It's ma'am. You were the first to use profanity. You have very low self-awareness.
16552507? ago
other recent posters are right...VOAT has become a place for trolls to hang out. I am sharing months worth of research FOR FREE and the entire comment thread so far is filled with slurs on me like "kike" and "rabbi" and calling me a mental patient, etc. I guess I'm supposed to sit here and be abused, then labelled as the abuser? Sorry, but your tactics have LONG since been doxxed as the Democrat Playbook 101.
16552565? ago
It's you who's been doxxed. We're wise to you.
16552634? ago
I'm seriously laughing because everything out of your virtual mouth here is projection.
Excuse me, I have a life to live instead of hating on strangers that are trying to help strangers by posting about a possible way to actually make some money if they research it. You ADMITTED you couldn't read it. Then you label YOURSELF as "wise?" Ohhhh that's so rich....that is really, really funny that you aren't even capable of seeing the fallacies of your own statements.
Proverbs 17:28
16552665? ago
Take your micropenis with you, you JIDF cuck.
16552753? ago
...and the projection continues...
16552470? ago
can't you read? The board is "anon" and the first reply was to call me a kike, and you're on their side not even having read the post. And I have low self-awareness?
OMG you are a walking, talking, projecting (likely demorat) woman who admits her ignorance and the haters here are the best examples of Proverbs 17:28 that I've encountered in a long time.
16552610? ago
No. You used the word "fucking".
16552655? ago
yes....in reply to the comment about "fucking idiot" -- or was that "too long to read" for you TOO? It apparently was or you would know that.