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

I am sorry but those of you who insist that when I say there's no volume buying,, and state its because its gone to physical silver and gold,, are WRONG.

Let me repeat myself. The futures market is the bench mark. Not your local coin dealer, not what the US Mint sells, not what the Perth Mint sells.

This is how it has always been and how it will always be. You need serious institutional buying, fund buying in the futures market, and when they either buy or sell, THATS your volume. Thus far, they are selling out, they are NOT buying physical silver and gold.

I know it may be hard to understand but that's how it works. Sales of gold and silver in coin form are not saying that prices are going higher.

This is how it has always been and how it will always be. >>>
are you serious?

How old is futures market?
compare it to "always" time period

Ok just one final note before we kick off the week.

Remember, with gold we want to see how it handles this gap. the first time it got smacked down. last week. Lets see if they will challenge this gap again, perhaps with more authority or it continues lower after failing.

Silver, we are still waiting for it to get into the gap. Is it playing catch up? Or is it much too weak to even fill the gap? Seems odd that its not tried to cram into the gap.. but lets just watch and see what happens.

As always, be patient and let time allow things to play out.

"Sure I have an economics background and I used to work in investment banking...but do people realize how "unnormal" it is when you look at North American and Europe interest rates. Like good lord...in a REAL NORMAL economic times we should be seeing unreal growth with interest rates that low for so long."






Neither does anyone else, they just have wares to peddle.
NRIR are the kiss of death. It amounts a tax on productive enterprise in favor of non-productive enterprise. There is plenty of capital. I have enough capital to start my own businesses, but the risk/return is just totally unattractive. The real cost of QE is on the cost side of just about everything you do. As you say under normal circumstances, the higher costs would lead to higher turnover, but its not happening.

We need to dump our big banks. Our poilcies have led to a marginalization of non-financial productive enterprise and this where the country finds the bulk of its employment. If you are not employed with or in connection with the subsidized banks and healthcare you really have no business being here.

Could be an interesting week indeed. I've set myself a personal limit, if the price of gold or silver falls below that limit I may consider buying, otherwise I'll hold off.
*edit* that is to say, the price of gold and silver as sold by stores which includes their premiums

WEll nothing much to say for today, pretty much a lot of chopping around. As you can see, with both GLD and SLV, as our proxies, neither made a higher higher but neither made a lower low from Fridays close.... and GLD didn't attempt a fill of the gap either.

this is the point where time and patience is key. What I and all other traders will find interesting is the reaction of the PMs to the Fed news this week,, that will be key. Again I repeat myself, because that's the only way people get and retain key points, is what matters the most is NOT what the Fed says but the REACTION to the news.

Only the foolish spend time trying to dissect what the market wants to do or how the market takes it, instead pay attention to price and volume.

Finally, as I always say, don't trust or believe anyone who says you cant predict where prices are going based on price and volume. That just shows how lacking in education they are, dont waste your time listening to them.

Remember, I will ALWAYS be right (and you can too) IF you pay attention to the market and what it does.

Edited by Forum Mom to remove name-calling and denigration.

Yes Barry- sorry, been a long hectic day and its not done yet so had a couple of run on thoughts there as I was posting.

If I am asked to predict exactly the price point of where silver and gold are going, as in to the penny, I wont do it, no one can do it.

As far as calling tops and bottoms, that too is a fools game.

However, what we can predict, by price and volume, is turning points, where the trend changes. I have been illustrating for months now how the price has been faltering in the past 6 months, although it has, with volume, ran out of steam back in 2011, as was pointed before me by another member, who clearly was ignored. In fact, many of you could have sold perhaps some of your silver and banked some nice profits at that point had you listened to that gentleman.


We will get definite signs from the market in price and volume that the buyers are showing up, with authority.

At this stage we are no where near that. Let me wrap up again in case I am not making sense or I rushed in my response-

1- We want to follow the path of least resistance, as price always does that, no exceptions. Clearly we are in a very strong downtrend at this minute.

2- A lot of people will say, "oh theres no way to tell where its going, that's not possible. I would gladly laugh in the face of everyone that says... because guess what, you can determine a change in trend or reversals.

3- Price and volume will give our answers to what happens to silver and gold. No one can challenge this, because the MARKET sets this, and none of us do.

Sorry again for the confusion, long long long day and not done yet.

Um, you all *do* realize that silver is $2 less per ounce today than it was one year ago? This is a normal valley period, silver will be at $33-$35 by the end of September, guaranteed.