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 Replies: 2,848 / Views: 93,222 |
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Moderator
 United States
190564 Posts |
Quote:
Here is the 1 month 1 day chart. POC is at around $92... This is the goal, the dream for us bulls, or best case scenario..  |
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Pillar of the Community
United States
1136 Posts |
 This is the much longer term 1 year 1 day chart. POC is siting at $59  This is the nightmare, the absolute worst case scenario for us Bulls. A new low would be made thus confirming a downtrend. Chart will really look like a descending stair case. This is the throw in the towel moment. The moment all the Bears will suddenly re-emerge to dance victory. And laugh with joy. |
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Pillar of the Community
United States
2874 Posts |
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Moderator
United States
190564 Posts |
Quote:
This is the much longer term 1 year 1 day chart. POC is siting at $59 Quote:
This is the throw in the towel moment. The moment all the Bears will suddenly re-emerge to dance victory. And laugh with joy.  Sill better than ~$30   |
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Moderator
United States
190564 Posts |
Quote:
.... Silver retreats as US jobs data temper rate-cut expectations  |
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Pillar of the Community
United States
2874 Posts |
Contradicts what David Einhorn (Greenlight Capital hedge fund manager) stated yesterday.... David Einhorn says the Fed will cut 'substantially more' than two times.https://www.cnbc.com/2026/02/11/dav...on-gold.html Who's right? I'm going w/ Einhorn & that the Fed will cut more than anticipated in '26. |
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Pillar of the Community
United States
1136 Posts |
 Zooming in at the 30 minute, and at what needs to happen at this very moment in time. Silver has to hold at $76 right now, and start to climb back towards the $83 POC it was just at, and it needs to do it in short time. The jobs data and economy and stuff like that really can't be completely trusted, as the pontiffs have admitted that this data is biased towards what ever narrative they're speaking to.. However, the Markets, the machines, the algos, will still react to it quickly. And will dump hard at anything it "scary" that it sees in the news. |
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Pillar of the Community
 United States
5192 Posts |
Watch the jobs report from ADP. The one from the BLS cannot be trusted.
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Pillar of the Community
United States
1136 Posts |
Moments like this, historically speaking, the markets hit the sell button and literally dump everything in an act of self preservation. Nobody wants to be the last man out.
Think covid, look at that massive dip in the markets.
They quite literally throw the baby out with the bath water, basin, and bassinet. Only to buy everything back lower after the dust settles.
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Pillar of the Community
United States
1136 Posts |
The VIX Volatility index is spiking up.
Hopefully it retreats, if not, Strap in for a rough ride.
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Pillar of the Community
United States
1136 Posts |
Blood on the Street (Wall St) all major indexes got dumped. Nasdaq, Dow, S&P, Russel, Gold, Silver almost everything red. Walmart, CVS, Costco, Ely Lilly, Procter & Gamble and similar names are still Green. The classic "Fear Play" is in effect, consumer staples are the ultimate market safe havens. |
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Pillar of the Community
United States
2874 Posts |
The majority of stock trades are algorithmic, so in this scenario (jobs data).... was perceived as negative, hence triggering a selloff.
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Pillar of the Community
United States
2874 Posts |
So, what happens now? Negativity lasts a day, two or three, awaiting a $60-handle & then buy $80 Calls.... rinse & repeat til a breakdown or breakout.  |
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Moderator
United States
190564 Posts |
It will be interesting to see where the day ends. |
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Pillar of the Community
United States
1136 Posts |
I saw at least 1 person in my stock chat group comment that he bought the dip in SLV. But that is also the same group I heard this morning complaining at how calm the market was. Quite literally begging for some action to occur.  Sell-offs usually last about 3 days but that's more for stocks in situations for example when they sell off due to disappointing earnings numbers. This might be different. Personally, I'm currently all in, until I close some other positions, but if I could buy more right now I would. Just a little though. |
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Replies: 2,848 / Views: 93,222 |
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Posted 02/12/2026 12:24 pm
