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16553758? ago

Read you comment in december. And agreed silently. Every patriot should own some ounces of gold and especially silver. Physically. Papergold and Papersilver is not the same. Maybe we will see about 12 or 13 usd per one ounce of silver. Maybe. At the end it will rocket. All papermoney comes back to its true worth = 0. We can see the end of the financial system coming when gold and silver cannot be manipulated down anymore. So buy some coins.

17087536? ago

Heck at this rate, we could well see $15.00 silver again lol...kinda doubt it but might. If so, hey, it's a nice buying opportunity.

Silver's so volatile though. I think TPTB are still holding a helium balloon under water...we could wake up one day to see silver up a couple of dollars and still have room to romp.

I'm reallly wondering about 2 things...one, what will happen when gold/silver "back" our currency again, and 2) what if gold/silver scream up like I think they could? What then? If we have a "debt jubilee," it would be foolish to sell and pay off my debts if those are gonna go away in the first place. It'll be an odd quandary to have for sure.

Peace, fellow Anon.

17088008? ago

nice to read you. I agree. I show you an EW-Picture, it is counted in the 3-hour-timeframe, 1 candle = 3 hours. think this is a correct count. Would mean a big wave 5 (green) will start soon. The 1403 would not be the end of this wave. Grey lines means is possible but not necessary. Blue lines means it's the favored count. https://img.godmode-trader.de/charts/30/2019/02/goldsdf22022019.GIF /// the 2 things you are wondering about are really good questions. Have some thoughts about this topics. Will try tell you what I'm thinking about within the next days.

17090385? ago

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.

17089220? ago

...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! :)

17089163? ago

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.

17089111? ago

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.

17091332? ago

most people don't understand, neither on voat, that the markets, that money, that the central banks are the key. We, you and me, will be able to predict really great things happening in "real world", because we are watching the markets, better than the others. For me EW-Waves are the keyhole to look into the future. Sure, not easy thing, but possible. And - by the way - easyer than interpreting Q.

17092337? ago

Hey, I was just doing some Fibonacci calculations and a 62% RT would take the price down to $14.89 under one look....I usually start at the last top/bottom that didn't make a "50" which is to say didn't RT 50% or more. It is slightly below a 50% RT - silver is - right now.

Still, it has been hovering around $15.23 for quite a while, but usually the bears will wanna drag this thing down in the waning moments of trading. As I said, going into the weekend, that would make it that much more worrying to retailers/specs, but if I had another $5k+ (for lower commissions, premiums, etc.) I'd be a buyer at anything below that $15.00/oz level or even a bit lower, if I decided to be greedy for a good price. You already know I'm in for a good price, save for the old junk silver I bought a decade ago at $16-$21 I think. Still, at least I have a few hundred ounces there, adding to the modest stockpile that I have accumulated. I'd be FINE being wrong about silver not seeing $15.00/oz again -- markets can do anything so there's always a chance but only a small one at the time in my mind -- but it would mean I've called attention to its breakout and that for the newly-awakened, they'd now have a chance to buy not as an "investment" but in capital preservation, and it's unfortunate but for the dolts that might be reading, check your investment advisor if interested and don't just take my word or your word for it. However, an honest technical analyst and I would likely come to similar conclusions, given the same data.

I figure the worst thing that can happen is silver doesn't sustain a rally nor rally in the longer term and I lose maybe a grand if I have to sell, but I think the Trump/Central Bank (or "CB") shenanigans will support prices in the long term, barring some actual RALLY in the dollar. The beauty of it all from a STRICTLY financial standpoint is the fact that Trump doesn't even necessarily have to be successful in replacing the Petrodollar, bringing down the CBs, or any of it. All he has to do is create enough uncertainty with enough people to cause metals prices to rally.

Then, there's the Fundamentals, like the title of the post. With a "strong-enough" dollar for the time being, this whole thing stinks of INCREASED manipulation, which only means a bigger explosion when the manipulation ends. If "You can't fight the Fed," and the Fed has been buying gold at record rates along with CBs around the world, what would be a logical conclusion to protect YOUR OWN wealth?

17091238? ago

im am in a hurry. how can i share pictures from my pc on voat? i have a horizontal line in silver chart @ 14.78. have it since months. first it was the level where it misscarried often befor breakout, now this is the support. the chart I send you is from my favourite EW-analyst, he's really a genious. Unfortunately he's worst at precious metals. because he follows the rules and the probabilities but don't understand that the whole market is manipulated and that it is most easy and also most important to manipulate Gold and Silver so the probabilities are worth not so much. Told hiim often but he is as stubborn as I am :-). Shortterm I see Gold and Silver down, but I consider this a correction. Gold "stop" at $1282 think is good. Will answer your posts as soon as possible.

17091732? ago

Gold's worse-looking, but hovering just above the spot I was thinking, that support line it's barely above.

17091948? ago

take a look at the top @ 1350, first and second candle down is a wave a. it is not a 1-2-3-4-5, its only a 1-2-3 down . So its only a correction. If you ask me. Will paint a picture and show you. On Weekend. Think will rise a bit now, then one more downmove, than up and away.

17092725? ago

What's your downside target, the $14.78 spot? Jeez I mean I'd frickin' borrow money I could scarce afford to pay back to buy at that price lol

17092991? ago

Tesla. Hahaha. They had to pay 920 millions. for bonds. Next Tesla-date 11th March (SEC).

17098613? ago

I'm hearing not so good things on Space-X recently too...

17093548? ago

I swore off individual stocks and THEIR risks when I bought Apple stock and the very next day, Steve Jobs gets diagnosed with a terminal illness. Not makin' it up....

17092897? ago

think will not reach 14,78. about 15 usd. maybe downmove already has finished.

17093539? ago

The bears have been trying to drive the price below support/trend all day but so far haven't had any success. There will be a "push" in the final 10-15 mins to do it if prices stay low enough.

17092790? ago

And I look forward to seeing your charts. I learned Elliott Waves probably 25 years ago now but haven't referred to them much as I haven't been trading in those time frames in...25 years. Been more shorter-term and smaller trades, but got out of that about 15 years ago I think.

Gold, Silver, and SOYBEANS of all combos! lol

17091596? ago

I'd upload to imgoat.com and then copy the link from there, that's what I normally do.

I see the $14.78 level, but it's gotta break down below $15.00 and also the lows of today are right at support.

I'm just finding it VERY convenient that this is happening on a Friday, knowing the bottom of the channel that I'm sharing below, as the prices are current/only a few mins old by the time it posts and I'll draw the $14.78 line too. Silver could still go below $15.00 again but if it does, if I have some money I am gonna be buying it up for sure:

https://imgoat.com/uploads/2c0be24560/202423.png