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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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.
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! :)