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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.

17107925? ago

Looking at the close yesterday, it looks like silver rallies from here or goes back below $15.00 after all. Even here, I think it's a great buying opportunity for those who didn't get in below $14.50 as I did, and I do see that $14.78-ish level as next downside major resistance, other than the "physiological" $15.00/oz support.

Since I don't have my data subscription active for my expen$ive trading software active as I'm not currently "trading" but buying physically, I don't have access to a Fibonacci tool (at least, not without hunting a site that has one I can use for free), but "eyeballing it," it looks like it's real close to a 50% RT. If it is indeed there, and those candle wicks that seem to be supportive of yesterday's lows (within a penny, I think), that just adds to the "energy" needed to continue lower. It could "bounce" then break down. The market is the market and can do what it wants, of course, but this is what I'm seeing with the limited tools I currently have available.

17127364? ago

Reaching the 1294.81 mark became more and more probable, some even bet on it. In the long run it doesn't make sense to trade a wave 4, that can work out, especially on lower time levels, but it doesn't lead to anything in the long run. From a wave-technical point of view one should better concentrate on the upcoming wave 5. The bottom building process might take some time, because wave 4 shows itself in a bearish running flat correction (a-b-c).

can you open this link? https://img.godmode-trader.de/charts/30/2019/03/goldsdf01032019.GIF

17128727? ago

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.