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III wave of gold/silver
- Thread starter d-lod
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Jessie Livermore:
"Hold Tight."
The market is very fickle and the BEAR wants too take everybody out of it before the BULL gives him both horns up the GAZOO. Patience and physical with a little help from the Bank of International Settlements B.I.S. Will reward those that have the fortitude.
Then:
Well done good and faithful servant...
"Hold Tight."
The market is very fickle and the BEAR wants too take everybody out of it before the BULL gives him both horns up the GAZOO. Patience and physical with a little help from the Bank of International Settlements B.I.S. Will reward those that have the fortitude.
Then:
Well done good and faithful servant...
Most of my early years I spent collectin Engelhards. And that was back when they were called generic silver. I generally followed the price of silver up and down, usually purchasing along the bottom (I was nicknamed bottom feeder in one LCS) Mostly stayed away from SAEs, Maples, and the such. So in 2015 or so when the englehards started pushing up the premium I switched to J&Ms. Then eventually back to silver is silver and started buying buyin up cheap, ugly old 'poured' bars. Then those damned things became popular to the 'collectors'.
So, like I said previously, I was above water for a month or two last year, but that's not counting anything any collectors prices (E-BAIT), just spot prices. And the reason I went that far under was because of a purchase of (somethin I wasn't familiar with) two monster boxes of SAE's when Ag was at $28.00 or so.
So, short history, dL, thanks for the reply.
Bottom Feeder
So, like I said previously, I was above water for a month or two last year, but that's not counting anything any collectors prices (E-BAIT), just spot prices. And the reason I went that far under was because of a purchase of (somethin I wasn't familiar with) two monster boxes of SAE's when Ag was at $28.00 or so.
So, short history, dL, thanks for the reply.
Bottom Feeder
Silver in actuality has not yet started its journey,
"Primarily because of the Hunt brothers' accumulation of the precious metal, prices of silver futures contracts and silver bullion rose from $11 an ounce in September 1979 to $50 an ounce in January 1980. Silver prices ultimately collapsed to below $11 an ounce two months later."
While
"2011 Silver Price Record High over $49.50 oz USD on April 28, 2011".
.50 CENTS SHORT OF EARLIER TOP.
through this we can say that its run to 49.50 cents could be corrective wave.
Gold rose from 254 - 1912$, a run of more than twice the length of gold previous rise of year 1980.
"Primarily because of the Hunt brothers' accumulation of the precious metal, prices of silver futures contracts and silver bullion rose from $11 an ounce in September 1979 to $50 an ounce in January 1980. Silver prices ultimately collapsed to below $11 an ounce two months later."
While
"2011 Silver Price Record High over $49.50 oz USD on April 28, 2011".
.50 CENTS SHORT OF EARLIER TOP.
through this we can say that its run to 49.50 cents could be corrective wave.
Gold rose from 254 - 1912$, a run of more than twice the length of gold previous rise of year 1980.
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Cycles can last a lifetime and more.
This everything Bubble was cracked when perhaps the first financial paper busted in 2008. That was over the mistaken idea that real property always goes up and the paper derrivatives crashed bigtime.
Obama added 10 trillion in debt doubling the total debt. That will be the 100 pound sledge hammer into the Everything Bubble which is now ready to pop because supposedly interest rates should not go down. The everything Bubble makes assets way overvalued save the physical P.M.'s which are the best insurance.
This everything Bubble was cracked when perhaps the first financial paper busted in 2008. That was over the mistaken idea that real property always goes up and the paper derrivatives crashed bigtime.
Obama added 10 trillion in debt doubling the total debt. That will be the 100 pound sledge hammer into the Everything Bubble which is now ready to pop because supposedly interest rates should not go down. The everything Bubble makes assets way overvalued save the physical P.M.'s which are the best insurance.
http://www.goldismoney2.com/threads/iii-wave-of-gold-silver.108287/
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That’s given gold-futures speculators the run of the market, where they have sold aggressively including extreme shorting. But that’s actually very bullish.
Gold has failed to gain traction over the past couple months, normally a seasonally-strong time. That has really weighed on sentiment, leaving traders increasingly bearish. Gold investment demand has flagged dramatically with lofty stock markets spewing great euphoria. That’s given gold-futures speculators the run of the market, where they have sold aggressively including extreme shorting. But that’s actually very bullish.
https://www.kondratieff.net/the-sixth-kondratieff
gold had always gone up at the bottom of each cycle.
gold had always gone up at the bottom of each cycle.
