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Midterm Prospect: Silver Going To Test Usd18.50/Oz

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Author Previous TopicReplies: 6 / Views: 1,466Next Topic  
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leon1998's Avatar
United States
586 Posts
 Posted 05/16/2016  6:12 pm Show Profile   Bookmark this topic Add leon1998 to your friends list Get a Link to this Message Number of Subscribers
Plan to long paper silver sometime later this week, preferably below USD17.

I see a run towards USD 18.50 /oz real soon.
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Boliver's Avatar
United States
61 Posts
 Posted 05/18/2016  12:17 am  Show Profile   Bookmark this reply Add Boliver to your friends list Get a Link to this Reply
Are you using up some of your profits from the short selling to ease the pain if things don't pan out?
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leon1998's Avatar
United States
586 Posts
 Posted 05/18/2016  08:22 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
I already use my short-selling profits to order some ASEs.

Done that every single time.
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UltraRant's Avatar
Norway
1358 Posts
 Posted 05/18/2016  08:24 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
Can you please enlighten me on why you see this prospect? I don't have any indications for such a price leap any time soon (although silver has been relatively cheap in comparison with the other precious metals for a while now). Thank you! :)
Edited by UltraRant
05/18/2016 08:24 am
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leon1998's Avatar
United States
586 Posts
 Posted 05/18/2016  08:33 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
Gold/Silver price movements so far this year, convinced me that central bankers/cartel are losing control of price rigging.

Or at least I should say, they have more important stuff to worry about; such as bond/stock markets; especially for the election year in US. I believe Federal Reserve is try to safeguard the stock market by devaluing the US dollar. Yellen is a democrat, you know
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leon1998's Avatar
United States
586 Posts
 Posted 05/18/2016  08:34 am  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
Time is up, I am in.

Long silver @16.98
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leon1998's Avatar
United States
586 Posts
 Posted 05/18/2016  2:56 pm  Show Profile   Bookmark this reply Add leon1998 to your friends list Get a Link to this Reply
exit my position @17

well, didn't happen, didn't lose money either.
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