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 Replies: 2,648 / Views: 84,843 |
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Pillar of the Community
United States
7276 Posts |
Quote:
Imagine waiting for Silver to go back to $35 before buying? that means they haven't bought anything in over a year and who knows when they ever will.. I don't buy silver to stack, so yes my last purchase was when silver passed $50, I actually cut back alot when silver was $40. But I am not a stacker. When silver hit $75, I dumped 75 ounces, which was nice $$$$ but I still kept some. The last things I purchased that were silver where these. But I purchased them because what they looked like, not for stacking.    I ended up getting the full set of 10 coins. |
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Pillar of the Community
United States
1091 Posts |
Quote:
The last things I purchased that were silver where these. But I purchased them because what they looked like, not for stacking. Nice beauty's you have there    Exactly, collector's was one of the categories of people I mentioned. If you're a collector you're going to buy regardless of price. Buy it because you like it or need it for a set. When silver is higher then buy higher quality coins. |
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Pillar of the Community
United States
1091 Posts |
Quote:Everything is up this afternoon.  Got some Green on my screen today  Must say I do not regret my purchase this morning. Made up for yesterday and then some.  |
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Moderator
 United States
188197 Posts |
Looks like we are chopping in the ~$67 zone now.  |
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Pillar of the Community
United States
1091 Posts |
About a buck or two away from the 200 day moving average, let's see if it can get back over and reclaim it. |
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Moderator
United States
188197 Posts |
Night crew, get to work. |
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Moderator
United States
188197 Posts |
Well, we were up in the ~$68 overnight, but this morning we have slid back into ~$66.  |
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Pillar of the Community
United States
1091 Posts |
Feels like it's gonna do that zig zag, up down left right cheat code pattern thing today after that nice bounce yesterday. |
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Moderator
United States
188197 Posts |
Up Up Down Down Right Left Right Left B A Start.  
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Moderator
United States
188197 Posts |
Back up we go! It kissed that $68 line and playing in the ~$67 zone now. |
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Pillar of the Community
United States
1091 Posts |
Quote:
Back up we go! It kissed that $68 line and playing in the ~$67 zone now. Yeah I saw that, Market popped a little there, felt like it was gonna go for a little sprint. By now everyone should know the reason we got that bounce in the markets yesterday was because it was TACO Thursday. Same as TACO Tuesday except it fell on a Thursday this week.  But anyway it just goes to show how quickly things could change if the right things start to happen.  |
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Moderator
United States
188197 Posts |
Indeed it does. |
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Valued Member
United States
313 Posts |
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About a buck or two away from the 200 day moving average, let's see if it can get back over and reclaim it. This is usually a critical moment. If it just goes up and kisses it and then continues down, this confirms the break and then you get 200 days going down. The theory is this kiss allows the floor traders to get rid of all the buying they had to do to cushion the initial break and then to position their shorts for more downside. If it manages to reclaim 200 day convincingly then the break was just to flush out some longs. Just tea leaf reading but this happens a lot with commodities and stocks. |
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Pillar of the Community
United States
1091 Posts |
Quote:
This is usually a critical moment. That's true. And we're currently watching this "re-test" happening across the broader market. The landscape is littered with "broken" charts right now. Everywhere you look you'll find stocks and indexes that recently had long upward sloping trend lines, but in the past week those supports have been violated and broken to the downside. What happens next week will be critical not just for metals but for the entire stock market. The 2 outcomes I see happening after next week and the factors that will decide it in my opinion are these. 1- Market's go Sideways until the midterms if- The war ends (for real this time) and the markets believe inflation will drop (because Oil goes back down) AND the Feds leave rates unchanged. 2- Market's go Down if - the war continues with no end in sight (higher oil, higher inflation) AND the Feds raise rates. Do I see the market going to all time highs again right now? No. The damage has been done. The only way I see that happening is if the war ends, oil drops, AND the Fed lowers rates next week. Edited by Harry213
Today 8M ago
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Moderator
United States
188197 Posts |
Silver just started chopping in the ~$68 zone.
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Replies: 2,648 / Views: 84,843 |
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Posted Yesterday 3:02 pm
