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

I do not get offended easily, but you are close here. I have had ancestors fight the British to give freedom to this land. I am not angry at the US. For the most part everyone who lives here wants peace, safety, and wealth on our shore. I am sorry if you think I am an egotistical maniac that wants death and destruction just so I can say 'I told you so.'

My intentions are much more pure. All I am saying (and have said) is that the dollar will collapse. It must collapse. I like having conversations on the economy and spread ideas of real money.

I do hope that we could unwind from this dollar system that has enslaved the nation slowly and less dramitcally. Unfortunately, I think we are passed this point. I hope that I am wrong on this point.

I hope that we can keep these debates civil and not use slanderous language again. I come from a family that has fought in nearly every war for these United States. I do not question your integrity, please do not question mine again.

I am not betting against the USA. Actually, it is quite the opposite. When we get away from the fiat dollar system, I hope we return to sound monetary policies that do not enslave future generations.

The USA and the dollar are two different things. I can believe one of them to be corrupt and dangerous to humanity as a whole. I can believe the other to stand for freedom and liberty. The two can be mutually exclusive.

But, none of these are my opinions, but are facts. Every fiat currency in the history of the world has went to zero! It has nothing with what I want or what I believe. It just is.

Again, I will not question your motives, desires, or integrity. I would appreciate if you respected my wishes to to be treated the same. You know,'do unto others as you would have them do unto you.'

Sorry Yup, I do not see how it is political to talk about the dollar. But anyway, I will respect your wishes and not discuss it with you moving forward. I wish you well in everything you do!

So it looks like silver ended the week at $16.57, range bound and choppy (did I get that right? ).

Would be interested in fresh charts to see the HOD/LOD info.


@woodywood - Regarding Apple, I think it's an interesting question and encourage you to make a thread about it. I don't imagine that Yup will have an opinion on this topic nor do I think it's particularly relevant to this thread.

From Yup's original post:




This thread is about charting a direction based on price and price alone. The theoretical why's and how's are not relevant to this type of analysis.

couple of replies here-

Hi Woodywood, I highly doubt it. Why? I dont see any evidence in the price action to say aapl, even if they were buying, brought the price up. IF that was true, that sort of massive buying would have "left foot prints" verified by:

1- heavy volume

2- sustained buying day after day that would have broken the downtrend quickly and immediately.

None of that is evident. On top of it..... aapl would have to be smart about how these did these purchases and it would mean buying quietly but at those supposed amounts, on the open market, it would be very difficult to hide and the price would drive up higher causing the market to pay close attention via price. We did not see that at all.

Finally, aapl, if this was true, would not be leaking or releasing info about how much gold they need and risk seeing prices run higher on them. Instead, they would make preparations months if not a year or more ahead, as companies plan for products years and many months in advance.

In case you missed it, see this great thread with more thoughts https://goccf.com/t/200751

@Silverworld11 - I am sorry but I cant understand what you are saying... man you sure do remind me of Cosmos,, or was it spelled Kosmos... I will look back on the threads...

@devilsbite- Yes you are right, pretty much so for this week just choppy range bound trade, both silver and gold were up for the week but marginally. Kinda of a ho-hum week.

You are also absolutely right that this thread is more a discussion about price action. Sure, I could go on and wax poetically about why it happened, or why it could or might do, but it just doesn't pay and is almost always wrong.

The "how" and "why" always manifest themselves AFTER the move has been completed.

As an example, AAPL broke out to new fresh 52 highs several weeks ago. There really was no news at all. However in the coming weeks after its march higher in price, all sorts of news came out in regards to new products and also there was a note I believe of reblancing of shares being added. All of this came AFTER aapl made a 12 point move high. As usual, the stock started moving FIRST, before the news.

So what would you rather have? Pay attention to price and benefit that way, ahead of everyone OR watch a 12 pt move happen in front of you with no material benefit?

Therefore, the answer to what happens with gold and silver is in the price action. Anyone who says they ignore it clearly will be clueless as to what is really happening.

Ill have charts up this weekend and discussion of price action.