1. Stocks continue to roll off recent highs, while metals catch a bid
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Silver flying high while gold losing streak continues

Discussion in 'PM Trading/Stocks/Technical Analysis' started by andial, Jun 30, 2016.



  1. Ebie

    Ebie Midas Member Midas Member

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    I have never seen an increase like we have had since the Brexit vote.
    Still, I think that they can stop it before it goes vertical.
     
  2. FunnyMoney

    FunnyMoney Silver Member Silver Miner

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    When the Crimex was in charge I would have agreed with you, but in new Shanghai Exchange you can now get the physical metal delivered to you in a very timely fashion. Price discovery works differently when you can actually get what you have bought.
     
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  3. bemac

    bemac Midas Member Midas Member

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    I kinda look at it like this, folks like Schiff, Rickards, and Rogers look correct in their market outlook. They've been saying the Fed will not continue to raise rates and in fact the Fed may restart easing instead. It's a credibility game, and the Fed is caught with its pants down. They can blame Brexit and China, but that's their stinkin' job, to see shit coming, and if they can't do that, they don't have credibility. The ups and volatility may not be so temporary. I'm drunk and stoned at the moment so take my words with a grain of silver.
     
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  4. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    I suspect $20 will be a line in the sand for a while.....when the boyz get back from shooting fireworks tuesday we will see how this shakes out
     
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  5. Zed

    Zed Size doesn't count! Midas Member

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    USD is going way up before way down IMO. You guys are the financial safe space for the time being, lord help us. I have been thinking at least USDX 1.07 for a while.

    Gold will go with it IMO and gold may just switch up a gear when it peaks and goes into decline.... too far out to think about now.
     
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  6. Zed

    Zed Size doesn't count! Midas Member

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    BTW mid %7 across the board today in my goldies. So all in all a good day @ work. NOW... was it irrational exuberance with the lack of US guidance for the extra day... or is it a solid lead on the week? Spin the wheel and take a guess! All I know is that often when a big hit is in the works someone starts shorting gold stock ahead of the action here. Someone often knows summin.
     
    Last edited: Jul 4, 2016
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  7. andial

    andial Sir Midas Member Site Supporter ++

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    I'm thinking this thread started the rally, gifts of gold and silver sent to the O.P. should be seriously considered.
     
  8. Uglytruth

    Uglytruth Gold Member Gold Chaser

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    That's about as transparent as obamas administration! :dog:
     
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  9. Mr Paradise

    Mr Paradise Midas Member Midas Member

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    I gotta look for the rcpt to confirm but I think that 100oz brick I bought just a couple few months back when the GSR was 82.5 has gone up over $600 in value.
     
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  10. Dude

    Dude Midas Member Midas Member

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    Cripes, when it gets close to 50 again, should I sell this time or is this time different? These quick rises bring back some bad decisions from the past into my head. Going to formulate a profit taking plan and adjust live as the world changes before our eyes...
     
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  11. Irons

    Irons Deep Sixed Site Supporter Mother Lode

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    .....................
    silverdrop.jpg
     
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  12. SilverCity

    SilverCity Gold Member Gold Chaser

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    Sell it for what? Scheiss dollars? Keep it or trade for gold, baby.

    SC
     
  13. the_shootist

    the_shootist I self identify as a black '69 Camaro Midas Member Site Supporter ++

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    Why would I take digital dollars or paper for silver? I bought it to get out of that space
     
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  14. engineear

    engineear Seeker Seeker

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    Roger..^^^^^that!
     
  15. ttazzman

    ttazzman Midas Member Midas Member Site Supporter

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    Send correct storage address so we can make sure it is gets into storage safely
     
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