1. Same story, different day...........year ie more of the same fiat floods the world
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  3. Week of 6/24/2017 Closing prices & Chg Over Last Wk---- Gold $1256.40 Silver $16.64 Oil $43.01 USD $96.94
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USD broke out above resistance today,

Discussion in 'Gold Silver (All things Metal)' started by Scorpio, Jul 19, 2016.



  1. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    might want to be cautious on any longs you are a putting in or holding


    1.png
     
    dpong and gnome like this.
  2. southfork

    southfork Mother Lode Found Mother Lode

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    Lets face it the manipulators can put the dollar wherever they want it, just like metals.
     
    Goldhedge and Ebie like this.
  3. Ragnarok

    Ragnarok I'd rather be Midas Member

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    Gold has turned up too though.

    I'd much rather have gold than paper currency anyway.

    R.
     
    Last edited: Jul 19, 2016
  4. nickndfl

    nickndfl Midas Member Midas Member Site Supporter ++

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    Short the yen and go long YCS up to Y120.
     
  5. louky

    louky Silver Member Silver Miner

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    $ will continue up for some time. Posted this week's ago. Maybe the guy from that apocalypse thread will believe me now

    [​IMG]
     
  6. southfork

    southfork Mother Lode Found Mother Lode

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    Why will it coninue up?? Will tptb prop it till after the election?? There is no legtimate reason for dollar strength
     
  7. louky

    louky Silver Member Silver Miner

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    2019- 20, call it a wile e coyote moment

    [​IMG]
     
  8. louky

    louky Silver Member Silver Miner

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    Everything works on a schedule they've set. I just gave you the road map
     
  9. jelly

    jelly Seeker Seeker

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    I've been watching the USD for the past couple weeks. I was waiting for this breakout, and am now long UUP via calls. Will buy more if we retest the breakout level.
     
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  10. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    I hear ya jelly,

    by longs, I meant those that work in reverse of a rising dollar just to clarify,

    I like your play, go get 'em
     
  11. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    here is a monthly of the dollar index

    many times there are 7 year cycles to these things which fits with what louky was also stating

    1.png
     
  12. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    longer view going back of the dollar,

    you can see last time it put in a major bottom, it triple tapped it then rose all the way to 120

    is it possible after this triple tap bottom, that it does the same?

    If so, then what happens to metals and oils?

    this is actually pretty darn important as we had just started to get a run on in metals, and this could nip it in the bud if it doesn't fall back off.

    dollar 1.jpg
     
  13. andial

    andial Sir Midas Member Site Supporter ++

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    One would think the fed would not like the dollar index going up.
     
  14. jelly

    jelly Seeker Seeker

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    I'm keeping a close eye on gold & silver here. I'd say we are at a medium term top in the metals and miners, but the consolidation patterns in the mining shares over the past couple weeks are bullish. It appears clear after today that the USD is heading higher, now I need to see what the metals do.
    All I know is I want a nice pullback so I can buy more GDXJ LEAPS at discount prices!
     
    Last edited: Jul 19, 2016
  15. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    right on cue, metals and oil getting the hammer this am
     
  16. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Watching closely ready to buy the dip in metals
     
  17. luckabuck

    luckabuck Gold Member Gold Chaser

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    "right on cue, metals and oil getting the hammer this am"
    You really didn't think that TPTB were going to let the bullion prices continue to rise. Did you?
     
  18. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    who the hell in their right mind (with the dollar skyrocketing) would buy t bills yet, why not just buy gold, do people really have their head in the sand that much that they believe the dollar will be around in 18 months?
     
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  19. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    $100 says the dollar will still be around in 18 months?
     
  20. the_shootist

    the_shootist The war is here on our doorstep! Midas Member Site Supporter ++

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    Curiously ironic!
     
  21. luckabuck

    luckabuck Gold Member Gold Chaser

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    The sheeple will buy anything their masters say.
     
  22. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    perhaps a gold coin valued at $100 maybe, LOL
     
  23. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    I'll take that bet all day long... You in?
     
  24. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    two reasons why the dollar is strong, 1) everything else is worse off, and 2) China owns us, meaning (U.S.A.)

    I don't know the timeline of the collapse, Duetsche Bank is the captain driving the world economic ship right now, (or maybe the anchor if you are pessimistic).

    I am up for the bet...I am now thinking a 5 ounce silver bar, right now all in at $107 fiat dollars, could be worth $600 in 18 mo though.

    5 ouncer.JPG
     
  25. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    nor businesses (I guess the FED is a business, now that I think of it)--they hate a strong dollar and quarterly earnings are going to be down anyway, this will just add to the pain
     
  26. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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    Okay I'll take the 5 oz silver bar bet. Should be a bit of fun too. So 18 months until the buck is capute?
     
  27. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    this will be fun

    ShakingHands-white.gif
    From 1988----
    2018.JPG
     
  28. Goldhedge

    Goldhedge Moderator Site Mgr Site Supporter

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    Strong dollar means weak metals. Moan back...

    [​IMG]
     
  29. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    a little bit dated, but still dead on balls accurate and funny to boot

    [youtube][/youtube]
     
  30. Chester-Copperpot

    Chester-Copperpot Gold Member Gold Chaser Site Supporter Platinum Bling

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  31. louky

    louky Silver Member Silver Miner

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    Congrats on your 5oz bar. I think the $ will not only be around, but soaring
     
  32. louky

    louky Silver Member Silver Miner

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    Gold coiled yesterday and is ready to strike. Magic 8 ball says we're headed over 1400 now.
     
  33. Zed

    Zed Size doesn't count! Midas Member

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    http://play.pointacross.com/Player.aspx?gmid=866sfb2zve21

    Gold will be strong as well IMO. All a part of the USD slowy losing reserve status.
     
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  34. <===Foolsgold

    <===Foolsgold Gold Chaser Site Supporter ++ Platinum Bling

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    Scorp what are the entrails telling you today?
     
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  35. louky

    louky Silver Member Silver Miner

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    You're on the right track scorp. Now pull up the 1year silver chart. Tell me what you see as of June this time last month. Next,compare it to the gold, chart until today.

    I'll hang up and listen.
     
    Last edited: Jul 21, 2016
  36. Scorpio

    Scorpio Скорпион Founding Member Board Elder Site Mgr Site Supporter ++

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    I am still short metal stocks if that tells you anything,

    don't know how long I will hold them, but long enough to book the profits, then rinse repeat

    in a different thread it was stated they went on day before yesterday in the afternoon,

    missed part of the move, but they are fine even after today,

    tomorrow being bow tie day, where they wrap up the week, will give us more short term direction

    fwiw, definitely not long term holds or even medium term, they are strictly hit and runs
     
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  37. louky

    louky Silver Member Silver Miner

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    Stevie Wonder called and said they're going to continue moving together in perfect harmony.
     
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  38. karl_gerbschmidt

    karl_gerbschmidt Seeker

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    bump---you around chester??

    man, the Ponzi lives on...18 months is up

    the dollar is down to 92---so in one year it went from 102 to 92...I say it will continue the decline in '18
     
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