Yes, I know this isn't political or "Q" or Mitt Romney being a jerk; I simply figured I'd enter a different topic...one that's probably on the minds of a lot of anons. And FORGET those stupid "buy gold or silver now before it goes up" commercials....they're obviously there to sell metals. They don't care one way or the other if you subsequently make anything off of it, they get their commissions. I don't.
I understand the attraction of cryptocurrencies, but the trick is in picking the right one. Just like certain silver MINERS might be poised to make ppl rich if you invest in the right one, that's the trick to it, isn't it?
So, I decided to repost a link I posted about a week or so ago re/silver. Read the comments there, as most of the details are there, and then go look at the price action to see how on-target I've been thus far.
Since it's already been covered, I'll keep this part short: LOOK OUT for a close ABOVE the 200 DMA for silver. Same with gold. As I don't have current charting software, I can't tell you exactly to the penny where levels are, but it should be easy enough to look and if you're investing in physical gold/silver, you need to know these things anyway, in general.
Silver looks like it'll gain more on a percentage-basis than will gold, so if you're protecting your ass(ets) with gold or silver, I'm saying I think silver is the one to pick. (Go read the old comments as to the whys).
Also, buying the metals (gold or silver) instead of a miner (some of which will go up many multiples of the underlying metal, I'm sure) the TRICK is in picking the RIGHT mining companies to invest in. Gold and silver, the metals themselves, are the safer overall choice, as you don't have company-specific things to keep track of like management, debt, assets, cash flow, revenues, etc. etc. etc...
I got my silver in 2 orders, when it was riskier to buy, late last year when silver was at $14.30 (my Halloween purchase lol) and at $14.66 (Dec 17th). The price of silver has rallied more than a full dollar since y initial investment, and if you DO go look at the comments under my original post, everything I said about near-future price action has come true...the only "miss" I had, if you can call it that, is that silver DID bounce off the 200 DMA at $15.48-ish a couple of times when people took profits, but that "selloff" was shallow, and apparently, very short-lived if current pricing holds and the market closes today with silver ABOVE the 200 DMA.
GOLD, however, is the key. Geologically, the Earth has 17.5 oz of silver for every oz of gold, so gold should be 17.5 times as valuable as silver, right? Simple logic. But it's not. It's more like 60 times the price of silver. FOR THIS REASON, it would appear SILVER has more room to rally than does gold, again, when talking about percentage gains.
Gold, having the much larger market cap, is in the driver's seat. The reason I like silver better in the first place....whether I am bullish or bearish, is that where gold goes, silver soon follows, so you actually sometimes have a LITTLE bit of time in warning about a big drop in prices when those occur. With some luck, you can see gold selling off, and get out of silver with less of a loss than you might've otherwise had.
As for now, look for silver to close above that 200 DMA, go look at opinion pieces from people you respect (I'm just an anon, but with futures/options trading experience in the metals in the past) and so I thought I'd share with fellow PATRIOTS instead of the general public. I don't wanna see libtards making money; I'd rather the PATRIOTS make it all!
Hope this all helps someone somewhere...protect your money, fellow anons!
Beldar ago
Yes, I know this isn't political or "Q" or Mitt Romney being a jerk; I simply figured I'd enter a different topic...one that's probably on the minds of a lot of anons. And FORGET those stupid "buy gold or silver now before it goes up" commercials....they're obviously there to sell metals. They don't care one way or the other if you subsequently make anything off of it, they get their commissions. I don't.
I understand the attraction of cryptocurrencies, but the trick is in picking the right one. Just like certain silver MINERS might be poised to make ppl rich if you invest in the right one, that's the trick to it, isn't it?
So, I decided to repost a link I posted about a week or so ago re/silver. Read the comments there, as most of the details are there, and then go look at the price action to see how on-target I've been thus far.
Since it's already been covered, I'll keep this part short: LOOK OUT for a close ABOVE the 200 DMA for silver. Same with gold. As I don't have current charting software, I can't tell you exactly to the penny where levels are, but it should be easy enough to look and if you're investing in physical gold/silver, you need to know these things anyway, in general.
Silver looks like it'll gain more on a percentage-basis than will gold, so if you're protecting your ass(ets) with gold or silver, I'm saying I think silver is the one to pick. (Go read the old comments as to the whys).
Also, buying the metals (gold or silver) instead of a miner (some of which will go up many multiples of the underlying metal, I'm sure) the TRICK is in picking the RIGHT mining companies to invest in. Gold and silver, the metals themselves, are the safer overall choice, as you don't have company-specific things to keep track of like management, debt, assets, cash flow, revenues, etc. etc. etc...
I got my silver in 2 orders, when it was riskier to buy, late last year when silver was at $14.30 (my Halloween purchase lol) and at $14.66 (Dec 17th). The price of silver has rallied more than a full dollar since y initial investment, and if you DO go look at the comments under my original post, everything I said about near-future price action has come true...the only "miss" I had, if you can call it that, is that silver DID bounce off the 200 DMA at $15.48-ish a couple of times when people took profits, but that "selloff" was shallow, and apparently, very short-lived if current pricing holds and the market closes today with silver ABOVE the 200 DMA.
GOLD, however, is the key. Geologically, the Earth has 17.5 oz of silver for every oz of gold, so gold should be 17.5 times as valuable as silver, right? Simple logic. But it's not. It's more like 60 times the price of silver. FOR THIS REASON, it would appear SILVER has more room to rally than does gold, again, when talking about percentage gains.
Gold, having the much larger market cap, is in the driver's seat. The reason I like silver better in the first place....whether I am bullish or bearish, is that where gold goes, silver soon follows, so you actually sometimes have a LITTLE bit of time in warning about a big drop in prices when those occur. With some luck, you can see gold selling off, and get out of silver with less of a loss than you might've otherwise had.
As for now, look for silver to close above that 200 DMA, go look at opinion pieces from people you respect (I'm just an anon, but with futures/options trading experience in the metals in the past) and so I thought I'd share with fellow PATRIOTS instead of the general public. I don't wanna see libtards making money; I'd rather the PATRIOTS make it all!
Hope this all helps someone somewhere...protect your money, fellow anons!