What Happens To Gold And Silver Next? Look Out Below?

Silver is a screaming buy right now, especially in US dollars (as compared to Canadian dollars).

While a 10% drop isn't unthinkable.... right now both gold and silver are moving upwards.... you might be waiting awhile....


Course I've also heard this song a few times on other boards...

When silver was at $35 there were folks saying gee once silver hits $30 I'm backing up the truck
When silver was at $30 there were folks saying gee once silver hits $25 I'm backing up the truck
When silver was at $25 there were folks saying gee once silver hits $20 I'm backing up the truck

ad nausium.....

Some people are happy to make all the calls they want from the sidelines... I put my money where my mouth is!! even made a thread about it ... here https://goccf.com/t/254056

has more to do with the GSR .. but still I don't just talk the game.. I PLAY it!

Well, new at this. GSR? Is that Gold/Silver Ratio?

I been really busy here so just a few thoughts-

The big event today- Silver

Remember how we have been talking about, (refer to our last charts) we have been saying for weeks now that silver has been lagging and that until 16 is broken, really silver is lagging.

well, if you have been paying attention, 15.99 was broken. That is a positive. However, silver did not manage to hold the b/o, and closed the session below 16.

Does that mean that is it for silver? No. We could see tomorrow another attempt to run over todays high, which was 16.08 If that doesn't happen, it doesn't mean that silver isn't going higher. I suspect silver in time makes another try at going over 16 so dont get desperate.

Price action is constructive for silver. Another attempt at 16 would not surprise me. Breaking 16 and staying above will imply and increase the probabilities of higher prices.

Gold, what can we say. Its clear that dip buyers are buying the dip. I am not a dip buyer of gold but if you buy the dips in gold, it wont hurt as we are in an uptrend. If you havent bought gold right here in these areas, you are missing out from the early move. You should be buying gold first and then silver. But hey, its your money, not mine, do as you please.

Gold is now starting to make a new range and breaking above from its current range. Our new range is roughly 1264 on the low end with 1288ish on the high end. We break 1288 we are getting NEW freshly highs. Again, you should be buying gold. You should have been buying gold when it first hit yearly highs back in 2/11. If you havent bought the dips, which I am not a dip buyer but it can work in uptrends because the trend is very strong and forgiving, you have missed buying a "bargain" if you a bargain buyer.

Miners- the gold miners remain very strong and the price construction is very positive. They are market leaders. Gold mining stocks are going higher from here. Period. They are and continue to make yearly highs and will continue to do this until the uptrend is done.

My two market tells for gold mining stocks are GOLD and FNV. Silver miners are moving up also.

Final thought- more and more commodities are starting to look very constructive. We have now sugar at yearly highs. Coffee has broken important trend lines. Do you spot a theme or trend? Yes, commodities are moving higher.

I hope to have an update with new charts this weekend, I just been so swamped at the desk here that I dont have much time for much else. Keep watching the price action, leave and check your opinions at the door and you will be fine. We are in an UPTREND in gold so dont ignore it, you should be buying gold right here right now.

dropped money on a mutual fund in precious metals today.

It seems like now is as good as any to jump in. Yup, do u have u own mutual fund yet? I might invest in that too.

Here's my favorite Silver stock, was bought out by First Majestic in fall, 2015, and, this little exploratory was leftover....OTC SVCMF. I'm up $1,200 of a $1.044 investment, since Mid FEB....stunning
Lot Details: SVCMF - SILVERCREST METALS I F
Cost Basis Calculator
Lot Details
Open Date, sort ascending Open Date Quantity, sort descending Quantity Price, sort descending Price Cost/Share, sort descending Cost/Share Market Value, sort descending Market Value Cost Basis, sort descending Cost Basis Gain/Loss, sort descending Gain/Loss
|
Holding Period, sort ascending Holding Period
03/07/2016 2,049 $0.4014 $0.25
$822.47 $510.14
+$312.33

Short Term
02/17/2016 3,571 $0.4014 $0.15
$1,433.40 $533.89
+$899.51

Short Term
Total 5,620 $2,255.87 $1,044.03 +$1,211.84

yup7676--Newby to the PMs, but I do see what's going on with the dollar. Also very confused about wall street and what to be invested in.
"If you do buy a mutual fund with gold, silver miners, make sure they have the market leading names in the fund." Could you message me and let me know the names of these leading names you spoke of in the above quote?
Thank you,
zack

Thank you.