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

Since Russia,China and to some extent India do think something IS going to happen
and are all in with PMs, they don't care what place the market will or will not be

You must be working for the Goldman Sachs gang

Id be shocked if many Indian people actually said them if you asked them why. They dont really have another way to store their wealth and many probably dont trust the banks as its a scamers paradise. Ironically their hoarding is actually hurting their economy. So anyone doing it to prevent inflation is actually actively causing it at the same time hence their recent efforts to curb the imports.

Theyre an outlier though in the sense that no matter what they will buy gold and lots of it. They just have to much of a cultural tie to it that even if they had the greatest economy in the history of the world theyd still buy it. Id bet money more of their gold has been turned into jewelry and pieces of art than sitting in bar form to preserve wealth

The biggest sellers of paper gold and silver are the mines themselves.>>>
right ... but the biggest speculators rule the game

haha some of these responses make me chuckle lol

but I will give everyone a pass because I understand none of you are knee deep in the markets, in tune with whats happening and where the money is going.

Instead of wasting time and energy on gold and silver bugs who cant be unbiased, I will stick to the mission of this thread- help home gamers follow the direction of gold and silver, because the futures market dictates the price of the coins you buy after all.

GOLD,, GLD is your proxy- notice it has gone into the gap, and STOPPED right at the lower end of the gap,, exactly to the penny, stopped at 143.43 and did not yet,, push through that. Keep an eye on 143.43, that's very key right now to determine the direction of the push. If if cannot push past this, chances are high the price reverts.

Silver, SLV as our proxy- again its in the gap, but do you see its lagging gold here? its no where to filling the lower end of the gap of 25.17. Keep an eye on this,,, perhaps it needs more time or it will get rejected.

Folks, if you aren't trading futures, SLV and GLD are legitimate and a great way to track the price/direction of gold and silver, and they trump whatever you may hear regarding the spot price. Don't be fooled by uneducated individuals who claim the futures market is not real and therefore you can only go by spot physical prices, that is not true.


I;ll continue to post updates. and remember, I am and a few here are unbiased. I dont believe in the fear mongering as Baseball says, about buying gold and silver nor am I saying that gold and silver are worthless.


What I am doing is helping those who do want to know the direction of gold and silver, and I want people to be careful in using their money going forward.

My friends, ,,,,

an update, did you notice what just happned in the gold market? Please refer to GLD as your proxy-

do you see the rejection in PRICE? again, 143.43, to the PENNY was the HOD... and look what the market did. Boom, smacked it right down. That's no fluke either, that is the same date where the initial heavy selling started...

SO, we can say that this area has become major resistance, this price level for gold. Now we need to see IF there are multiple attempts to push above it, or the buyers give in and the price retraces and attempts for new fresh yearly lows.

Again, one thing that concerns me on the buy side, has been lack of volume.

As a trader, I can catch the moves within the trend as well. BUT volume is key to me to see if it is sustainable if going by price,,, that volume confirms that the price sticks.


If thinks change Illl do my best to post a quick update tho I have several other trades ongoing outside of the commod complex.

please, my friends, even if you dislike me, dont be a rush to buy or add to your coins. be careful out there

I've put more into cash in the last month than any other allocation. Sell in May and go away. I'm looking to buy some real estate.

Physical bullion buying is impressive, but is more perception than reality. Bullion buying is still less than 10 percent of the total silver market. The rest of the market ( I.e. the commercial part) hasn't budged. If you go to a store and you have ONE shelve bare, and the other shelves in the whole rest of the store, are untouched; have you really made THAT much of a difference?