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

Ok-

In the coming days, if gold and silver are to retain their previous gains, they should, going forward, have minimal losses. THey should just chop around and do nothing, just think of it as "boring" and the less they give up, the better.


Last week silver tried to move higher from 21.17 and ended up reversing on Friday, leading to the gap down today. Gold appears to be in much better shape for now, above 1331.40 and we could see higher prices. Lets see if for now tho it can hold its gains and trade sideways.

As always, the element of time is what will work these things out, either it reaches these price points or it doesn't, its very quite simple. This will require patience to sit tight and observe.

One can go on and on with supposed theories why these prices should or will be reached, but guess what if the market doesn't move in the direction of those numbers, NOTHING is going to get them going.

Everything is decided by the markets and in the end they will price in the next direction of gold and silver.

Well after 2008 and %30 to %40 or so of my investments wiped out I said screw that , if I am to lose I will do it in my own way instead of having some investment guy tell me this or that is the best place to put my money only to find out its because he makes more commission and that is the only reason he is recommending it.

I don't keep much cash anymore and "Zero" investments... well except for my home....and maybe I will regret it someday but atleast I can say...I did it my way.... good or bad.

Plus I get to look at "shinny stuff" "in hand" instead of a piece of paper that comes in the mail saying how much my so called investments have lost value. If things do go to crap I wont survive long on a stack of investment reports...well they would be good to start my wood stove with I guess for the short term. I guess that would be a "short term" fire starter fund....

First, very interesting price action put here in gold and silver. reversing the earlier losses. Big clue that the buyers are still in control.

@northerncoins

Here's the thing: much as you are doing, investments in markets should be done by individuals, not by investment professionals. Why do I say this? Because for starters as you said, financial advisers as an example, or wealth management houses make money first and foremost on commissions. There really is no incentive for them to make you better returns.

So yea, if you are going to lose money, do it yourself.


That said, not all wealth managers and FA is terrible. The way to find out what they are doing is their relationships with the products they want you to park your money in for starters.

Finally, markets worth in both directions, up and down. The thing would be to sell short while the markets are dropping or pull money out.

With the power of the internet, social media, and many many many publications out there, one can take control of their finances and make money or preserve capital.

Finally,,, if one were to just stick money in the indices, whether it be US markets, Canadian markets, or other world markets right now you would be up and beyond 2008. So to say that investing is a bad idea just isn't really fair.

But hey, if you are happy with the shiny stuff and feel better with metals, coins, hey then do what makes you happy. All I can say is I dont want anyone losing money in PMs, that if you gotta buy and like buying, then buy wisely.

How so? The United States Treasury aims for roughly 3% inflation per year. That means if we hit "optimal" inflation, the US Dollar has 3% less spending power every single year. That is why the average salary 60 years ago was $4,700. Our dollar has approx. 1/10th as much spending power as it did in 1954. Gold averaged at $35.04 in 1954, and today is $1327. That means the "spending power" of gold has gone up 37 times its value 60 years ago.

However, I understand your point. The USD is the stabilizing currency in the world, but I don't believe we can hold that title for too long.

Man, I wish I could of invested in gold in 1954

Its not too late, I am sure you can find someone with a time machine set of plans that needs investment money....

Silver still looks to have strong sideways movement.

There does not look to be enough upward movement to say anything has really changed.

I found one of my friends uses price action to trade in shares.

It is very interesting to see his graphs over the last 7 years and how price action shows the way to go or not to go. I am starting to think that I can do this!

Little steps can do big things!

@kg5

yes, price action repeats itself and also confirms when to buy or sell or do nothing at all with an asset. All you need is the time and patience and observation skills and one can become very familiar with price and efficiently trade all sorts of assets.

The markets always show their hands.

what's the current price action saying about the dollar?

I'm thinking it has further to weaken yet?

HH