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Short-Term Trend For Gold And Silver

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leon1998's Avatar
United States
586 Posts
 Posted 11/28/2017  10:12 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
16.85 now after a head fake and smackdown.

Again, if you plan to stack, wait until Christmas.
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leon1998's Avatar
United States
586 Posts
 Posted 11/29/2017  3:20 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
Another smackdown day for Silver, $16.61/oz spot now.

Silver market cap is so small that Banksters can have their way easily. On latest futures market report, commercial traders still have a net short position of about $7 billion against Silver.

More downside ahead; will likely break below $16 before Christmas.
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Connor's Avatar
United States
2130 Posts
 Posted 11/29/2017  3:25 pm  Show Profile   Bookmark this reply Add Connor to your friends list Get a Link to this Reply
Alright Leon...I am trusting you and I am going to wait until Christmas before I buy my first 100 ounce bar.
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fistfulladirt's Avatar
United States
4333 Posts
 Posted 11/29/2017  6:51 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
100 oz bar? Make sure you take a core sample on that bad boy.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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leon1998's Avatar
United States
586 Posts
 Posted 11/30/2017  1:51 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
My rough calculation shows that silver spot might visit $15.80/oz next week.

I plan to close my short position on SLV by then.

With the fiat profit I will need your guys expertise, on what kind of physical to buy. I am thinking of just ASE.
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leon1998's Avatar
United States
586 Posts
 Posted 12/04/2017  11:51 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
Silver spot $16.34/oz now.

Keep dropping ... ...
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leon1998's Avatar
United States
586 Posts
 Posted 12/05/2017  11:40 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
16.08 now

Silver spot in FREE FALL
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leon1998's Avatar
United States
586 Posts
 Posted 12/06/2017  10:59 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
15.99

may consolidate at this level; before another LEG down.
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leon1998's Avatar
United States
586 Posts
 Posted 12/07/2017  09:37 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
may retest 15.20 area (annual low)

A little change to the plan: will cover 50% short position at 15.50, then the rest at 15.2 if possible.
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