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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.

17340952? ago

hi. am wti short now. target 52 usd.

17345931? ago

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.

17346643? ago

silver is better skyrocketing now. if not, could fall to about 14,50. But I think there are good chances for a upmove starting soon, maybe tomorrow. As a christmas present 2020 I suppose it is a really good investment. WTI is not looking very bearish at the moment. Need some luck, but I'm short because of my elliottwaves big picture. Maybe upmove finished completely, so we will see less than 10 usd in the future or WTI hits about 52, than rise to about 64 USD and than will crash. That's the plan.

17347838? ago

Remember, the fundamentals change about this time of the year. Do you have access to historical pricing? Here in the US, we have these "summer blends" BS that the refineries have to "change over to" for some places, so that puts upward pressure on prices in general. So there's that.

As for Christmas, yeah I'm not sure if I told you but I got my stepdad a 1-oz .45 cal pistol round silver bullet. Already got in-hand the 2-oz .308 for this Christmas, and just ordered the 10-oz .50-cal for 2020. We'll see how finances are before I give him a 10-oz silver bullet, though! It could be worth $1500 by then! LOL

"Gold will end the Fed" - Q

17364090? ago

Thank you, never heard about this summer and winter blends before. Good to know.

I'm following Greg M. from traderschoice.net |||| twitter.com/GregMannarino ||| youtube.com/watch?v=pLXMiFzMBIM ||| He is following the bonds. Knew before if shorttime bonds went higher than longtime bonds something is in the air. We can see it now. A lot of things are going on behind the curtain. Rumours saying centralbanks buying each others debt. They are in trouble.

I expect the euro to strengthen against the dollar soon, ultimately doubling. This does not mean that the euro will really become stronger, it will only lose value more slowly than the USD. Currencies are like parachutists. It never goes up, it can only go down. With the two parachutists Euro and USD this means that the Euro will fall, but the USD will fall faster. It then looks as if the euro will rise, although in reality it will also fall. It is like an optical illusion.

Meanwhile, I expect oil to fall significantly, oil to crash for the foreseeable future. I don't know what news is needed yet, but I think OPEC will disintegrate and individual members will produce more. Maybe it will finally come out that all the nonsense about peak oil is just another lie. The formation/origination of oil from dead plants under pressure is also a lie. The Russians proved this decades ago. It is much more probable that the earth inside contains almost infinite amounts of oil and gas and that tectonic plate shifts, for example, shake the whole thing up. That's why even oil fields that were supposedly empty are suddenly full again. Because new oil is flushing upwards. I can imagine such kind of “news” to crash the oil price. Then the price of the USD would no longer be so relevant for Oil price. Energy would be much cheaper, consumers would have more money available, the economy (the real economy, not the bubble Fed economy) would benefit. And then we would have the economic basis to destroy the FED without extreme trouble for normal people.

At the same time, the whole global warming (due to CO2) would be definitively refuted, so that oil and coal would be accepted again. At least in Germany they want to abolish coal completely and oil is demonized. Just take a look at this New Green Deal in the USA. In Germany it's the same if it's not much worse. They want to destroy entire industries and above all the middle class. Everything for corporations and corrupt politicians is the motto. If I'm unlucky WTI rises towards USD 62. Hopefully not.** PS: Beautiful story with the Christmas present ;-).**

>>> Silver think impulse-wave 1 ready (4hour-candles), just hit the middle bollinger band/4hours, now bit down, not under 15.09, than up and away.

17376668? ago

Yeah I probably made the summer blends thing out to b bigger than it really is...some of the larger, northern & western cities that are run by leftists and their "regulations." It's basically just some cities like Milwaukee and others that have to go to it in summer due to more pollution from more driving being done.It sorta IS a big deal but more politically than anything else, and yes, it can cause upward pressure on RBOB for sure as a result but not so sure about any affected on WTI. It would be worth it on your end to research, perhaps, but I suspect you'll find SOME affect but not a huge amount.

Thanks for the info on eht Elliott Waves. I learned about 'em like 20 years ago but I learned that wave 3 was the "Impulse Wave" and usually the strongest but it's been so long...got any educational links on Elliott Wave theory?

Thanks...always enjoy exchanging thoughts with you

17462722? ago

learning elliott. update WTI, am still short, the count. if count is correct (think so) would mean, something BIG will happen soon so that wave 3 down can start.

17464673? ago

Down to $27?? WOW! IF TRUE, without any other input to consider, it would appear an economic collapse is LOOMING for demand for crude to be driven down to prices THAT low. Man...if you're right you'll be rich....

17466306? ago

about 27 would be the end of wave 3. than wave 4 up. than wave 5 down. target of this count is wave 5 down ends @ about 10usd. could take time. but target is target.

17613519? ago

A "Texas Oilman friend" of mine sent me this recently: https://oilprice.com/Energy/Oil-Prices/Morgan-Stanley-Oil-To-Rise-To-75-This-Summer.html?fbclid=IwAR0a2Orw0-kYLEYZY_wd4yAexLdEHVJWWrTIB1lM_JtQj7WohckDPVcgPro

now...it has to do with FUNDAMENTALS causing prices to go up. That's the sucky thing about technical analysis is no fundamentals figured in and that can (and does) move markets. I've always said use fundamentals to pick direction and technicals to pick your spots.

That said, if we do have an economic meltdown worldwide, I could see crude at $22/bl IF the malaise is bad enough...it would have to be pretty doggone bad for $22/bl oil!

17755438? ago

Thank you. I'm following oilprice.com and I know Tsvetana Paraskova, she is really an expert with own ideas and understanding.

Check again the count (.gif) I posted above. We have seen a wave 1 down. So next big move will be a wave 3 down. Before this wave 3 down we actually see a wave 2 up. This wave 2 up has to be a wave with the inner structure wave A up, wave B down and wave C up. The rules say it is allowed that this wave 2 up reaches nearly the top of the starting point of the wave 1 down (76,79 usd), an up-correction of 99,99 % is allowed. The fibonacci retracements (RT) are RT 38,2% = 55,70usd // RT 50 % = 59,73usd // RT 61,8 % = 63,75usd.

Now we are at 60,70 usd. Depending on Elliott-Waves what will happen next? We are still in the wave 2 up. The time for wave 1 down was from October 3rd. 2018 (@76,79 usd) to December 26th 2018. Nearly 3 months. The same time period of 3 months for the wave 2 up was over on March 20th 2019. Because of this timeline I expect that the wave 2 up is nearly finish.

Remember: The inner structure of this wave 2 up has to be A-B-C. So I think we do NOT see the wave A of this wave 2 up. Because than a wave B down an wave C up would follow. Would take again 3 months or more, maybe 6 months. If you ask me. too much time.

Normally the wave 2 up should end somewhere betwean the Fibonacci-Retracements 50 % and 61,8 %. We are in this range now. So WTI maybe will reach 62 USD, than will go down. For this expected coming downmove there are two scenarios.

Scenario 1: Downmove as a wave B down as a part of wave two up. Or Downmove as a wave 3 down, in the case the wave 2 up would be complete finish.

My favourite scenario is scenario 2. The OPEC is think is not able anymore to speek with one voice. I think it will end sooner or later. Especially the OPEC +, which includes Russia. So I think the brake for producing levels will fale. Some will produce more. Some will try to pay Oil with Gold instead of USD.

Take a look at this (geopolitical) article: https://oilprice.com/Geopolitics/Middle-East/New-Middle-East-Alliance-Shakes-World-Powers.html /// So I#M still speculative short on oilprice. We will see what will happen ...

17773084? ago

Yeah I was just thinking of the problems in Venezuela especially and some in Mexico messing with production lately, keeping prices up. Trump's been telling OPEC to lower prices. Funny, I recall when OPEC had all the cards (70's and 80's) but not anymore.

I see silver back under $15/oz and was thinking since the middle of last week after the price bounced off $15 we might have a "Trump Put" there, but now we're back to testing that support at ~ $14.95-$14.97 area. Other than the "Trump Put" idea, my "feeling" right now is that silver could well slide and close under $15 this week sometime and might even go down to the $14.18 area eventually, but I consider it "second chance pricing." I have been buying a little here and there when the prices dip to around that $15.00/oz level and wouldn't mind having lower prices for a few months for me to be able to stock up even more before it takes off for good.

I sorta/kinda wanna get all the "silver bullet" rounds...1oz, 2oz, 10oz, and 25oz. The 5 oz ones are shotgun shells and every bit as ugly as the real ones so I was gonna skip that one lol...just not sure I can afford the "luxury" of the extra premium and the odd form of silver bullets. I wouldn't sell 'em I'd probably keep 'em, but they'd tarnish too, so I dunno.

It just seems the metals want to weaken to me. LOTS of economic headwinds, but the gold:silver ratio is historically high at 86-something, which is screaming to buy silver over gold. We'll see. Metals still may not really rally hard until next year, but if that means I can buy another couple hundred ounces or whatever, so much the better. I guess it all depends on how much of this "Deep State" stuff gets uncovered and Trump's success pushing the Fed around....already has gotten them not to raise rates at least until 2020, and Larry Kudlow is hollering about a 50 bpa CUT IMMEDIATELY. So, there's downward pressure on metals it looks like in the short term, now that Trump's been exonerated....thus, my Trump Put idea. We'll see. It bounced back off $14.97 just now and rallied a dime, but as you know, support can break at any given time. The market is how the market is.