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 Replies: 114 / Views: 16,277 |
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Pillar of the Community
 United States
586 Posts |
Today's silver weekly futures report showed that commercials/Banksters kept increasing short position and reducing long position. The short/long ratio has hit 2.5:1
Smackdown scheduled next week
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Pillar of the Community
United States
586 Posts |
Silver spot was knocked down from 16.3 area to about 15.5; another head fake.
Time to pull the rug? I am expecting to see 14.5 in the following weeks.
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Pillar of the Community
Canada
2019 Posts |
Good guess but ...Nah its going up, thats my guess.
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Pillar of the Community
United States
7390 Posts |
My feel is its gonna drop and stabilize the next few weeks. Then come December it's gonna start jumping up as the fed gave a 90% indication on raising the rate
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Pillar of the Community
United States
1247 Posts |
i buy silver and gold for the long haul.. 20+ years... I am not worried about current trends.
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Pillar of the Community
United States
7390 Posts |
Of coarse not. It's only if you're BUYING right now. You want to buy at the lowest possible price for the best future gain even if holding long.... or if you need to sell. Or if you're a paper pusher. Otherwise all this is all meaningless  |
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Pillar of the Community
United States
586 Posts |
Silver spot is crashing down toward $13.5 area in the next few weeks. Banksters' silver short position is still massive.
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Pillar of the Community
United States
6478 Posts |
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Pillar of the Community
United States
1119 Posts |
Silver poised to rocket up to $20 by Decempirl.
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Bedrock of the Community
Australia
21788 Posts |
I dunno why there is a need to worry about silver prices; they are just part of the scene of commodity prices generally, and there has been a general trend down on overall commodoty prices for some time.
Why not worry?
I have had a passing interest in commodity prices for more than 50 years, when I bought my first gold coin. I have seen the market prices go up, and I have seen them go down, sometimes skyrocket and sometimes crash.
Been there done that.
And I still have gold coins,
and I still have silver coins, both numismatic and bullion.
And I am not the least bit concerned.
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Pillar of the Community
Canada
3049 Posts |
This is my opinion on both gold and silver....
They're hunks of metal.. and based on their characteristics have been attributed as having some sort of value even though neither is USED as a commodity.. (silver is to a lesser degree I suppose)
So one part of me says that if they're just a commodity, treat them as such. You don't have to get in at the bottom price... nor do you have to sell at the top. But usually when there's an upswing in the market a trained monkey can manage to take some off the table. Right now that opportunity is not there in this asset class for said trained monkey (me). No point trying to catch a falling knife!
I'm actually hoping that gold will start to rise a bit in price and I hope that silver remains in the same choppy price point. Today the GSR was mid-high 70's.. and I'm just looking for the day that it hits 80. Until then... I'll occasionally buy silver at points when I need to scratch the itch, but I'm also not going to back up the truck.
So price can go up down or sideways for all I care.. it's the SWAP that I'm looking forward to! If you manage in your life time to make one swap and swap back when the numbers revert in the opposite favour you'll be very happy.
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Pillar of the Community
United States
586 Posts |
Don't worry about Silver spot price; it will hit $10 per oz in the next two years.  |
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Pillar of the Community
United States
586 Posts |
By the way, $13 Silver spot will be here soon.  |
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Pillar of the Community
United States
1132 Posts |
Just saw on the 5 o'clock news...Gold reached a 5 year low today. Time to buy?
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Pillar of the Community
United States
586 Posts |
@CopperCastle,
Today's gold futures weekly report showed that Banksters are NET LONG on gold; which is a good indicator that the last wave of smackdown might have reached an end. Whether this would be THE BOTTOM, I highly doubt; but certainly it looks like an interim bottom (next wave's bottom could be lower).
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Replies: 114 / Views: 16,277 |
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Posted 10/23/2015 7:45 pm
