Silver next upswing

[d-lod]

I don't want to jinx anything but this may be what we've all been waiting for for a long time, the market correction and the collapse of the USD. I pity the poor fools who didn't get in when the gittin was good

Thank god no body has launched rocket......................., it has always stopped upleg haha

 

[axstone]

We have a problem

 

[Varmint Hunter]

That's nuts!

 

[anywoundedduck]

That's nuts!

Thats $32 US for one ounce of silver.
Showing $25.48 on KITCO.

 

[axstone]

Thats $32 US for one ounce of silver.
Showing $25.48 on KITCO.

I hear premiums just jumped in the last couple hours

 

[VaSolvo]

I have 55 acres in East Tennessee I'd trade. 2oz per acre. It's river front and has two springs.

Thanks MM. Any inhabitable dwellings on the land? Also, any chance the land was granted to an ancestor of yours and you possess it in alodium? Gotta ask.

 

[Argent Dragon]

....... I pity the poor fools who didn't get in when the gittin was good

I don't, there has been chance after chance after chance to get in for over a decade.
Any poor bastard that missed this train deserves to be left out in the cold...... sorry, I can't stand people who are all talk sitting on the sidelines.

 

[mtnman]

Thanks MM. Any inhabitable dwellings on the land? Also, any chance the land was granted to an ancestor of yours and you possess it in alodium? Gotta ask.

No and quit claim deed

 

[GOLDBRIX]

That would mean land owners would lose.

Not if they need Au and the land is not in production.

 

[d-lod]

Not if they need Au and the land is not in production.

Oh common on, lets talk silver here....................how about pm, if interested in land

 

[GOLDBRIX]

I've always said land was better than gold just because it can feed you while possibly giving you dividends every year.

So the gold in your hand is not worth the brush in the field ?

 

[VaSolvo]

No and quit claim deed

Will be in touch.

 

[d-lod]

"IF", silver rise above present price of 23.05, than the next target is 26.37$

As silver is in unchartered territory, meaning absence of up-moving EW standard for this wave, I cannot predict the exact upward target.

View attachment 173544

The target given was 26.37, and silver could score 26.18, still near enough.

 

[d-lod]

The target given was 26.37, and silver could score 26.18, still near enough.

The corrective targets are 22.75 / 20.62.........

 

[coopersmith]

Silber be like............

Its about fucking time.

 

[RebelYell]

Silber be like............

Its about fucking time.

That takes me back. I play that song to my boy sometimes hoping he absorbs the lesson.

Still not sure it quite reflects the way I feel about silver though... :-)

 

[d-lod]

The corrective targets are 22.75 / 20.62.........

Silver did reacted to 22.27 (if you guys recall, 22.67$ was given on as upper target for silver) so the resistance has become support here.

 

[d-lod]

Silver did reacted to 22.27 (if you guys recall, 22.67$ was given on as upper target for silver) so the resistance has become support here.

View attachment 174732

Silver has gain great strength after crossing major support of 26 and moving towards resistance of 35+

No ew count or technical working its just hurricane.......................

 

[savvydon]

Silver has gain great strength after crossing major support of 26 and moving towards resistance of 35+

No ew count or technical working its just hurricane.......................


View attachment 175366

Yes, it appears as if the child has broken free of her bonds... finally.

 

[d-lod]

Yes, it appears as if the child has broken free of her bonds... finally.

AND CAUSING PANIC ALL OVER

2055 $ GOLD price, if divided by 16 is 128 $ should be silver price (traditional price ratio is 1:16)

2055 divided by 9 is 228$ should be silver price. (MINING RATIO)

 

[d-lod]

Look at silver prices. In 2008 oct when it hit 8+, silver reached roughly 2.5 time in april 2011, a period of more than 18 months.

This time when it hit lowest in march beginning at 11+, it took roughly only 5 months to reach 2.5 times.


Its tungsten coil this time.

 

[d-lod]

Silver is in lower channel of upward move, sure to reach upper channel in two month's time, if keep same velocity.

 

[d-lod]

25.54 / 22.88 may be the correction level from the rise of 11.62....................

 

[d-lod]

25.54 / 22.88 may be the correction level from the rise of 11.62....................

24.73, reached first target

 

[d-lod]

24.73, reached first target

IF........................silver doesn't move past 27.72 on up side than....................current price 27.54

29.84 – 23.38 = 6.46 = 22%
23.38 – 27.72 = 4.34 = 18%
27.72 – 24.06 / 21.62

 

[Argent Dragon]

And........here's the Silver Takedown !

 

[d-lod]

https://sdbullion.com/blog/warren-buffett-silver-hoard-1997-to-2006

In a few short months, they amassed one of the largest silver hoarding positions owned by one private entity in the contemporary era (eat your heart out naive Hunt Brothers).

Amassing this the record-sized silver bullion position also blew out silver lease rates to the tune of up to 75% on an annualized basis. Warren Buffet and his silver Berkshire bugs caused an acute shortage of fine silver bullion in the late 1990s, more on that matter shortly.

Further below this timeline chart, you can hear Warren himself speak publically, addressing this silver bullion position back in the year 1998. All total, the Buffett silver bullion position amassed to 129.7 million ounces.

Warren Buffet Silver Investment Buy Sell Timeline

The Warren Buffett silver video below is positioned to begin at the moments in where Warren Buffett got asked about his near 130 million ounce silver bullion position. Recorded at the 1998 annual meeting of Berkshire Hathaway shareholders (i.e., likely surrounded by his biggest cheerleaders at the time).

In it, you will hear Buffett and see by his body language as he spearheaded this record-sized silver position soft inquisition. Whereas bad cop Munger plays it aloof, appearing as though silver bullion buying was somehow beneath his elite investment level aptitude.

 

[Aurumag]

Ag just hit $28

 

[Thecrensh]

Is it me, or is comparesilverprices.com not updating?

https://comparesilverprices.com/

 

[gringott]

 

[Unca Walt]

Thanks MM. Any inhabitable dwellings on the land? Also, any chance the land was granted to an ancestor of yours and you possess it in alodium? Gotta ask.

Sounds like a deal. I'll take an acre.

 

[gringott]

#MEfour

 

[d-lod]

IF........................silver doesn't move past 27.72 on up side than....................current price 27.54

29.84 – 23.38 = 6.46 = 22%
23.38 – 27.72 = 4.34 = 18%
27.72 – 24.06 / 21.62

it has passed the level and count failed buffet is the driver of bus now, an express bus.

 

[gringott]

Even Schiff played along about warren selling banks and buying gold.
Didn't bother to mention warren was just switching banks, just like I am in the process of doing.
Why does warren want to boost gold and knock financials in the MSM?
How does he really gain?

 

[d-lod]

Even Schiff played along about warren selling banks and buying gold.
Didn't bother to mention warren was just switching banks, just like I am in the process of doing.
Why does warren want to boost gold and knock financials in the MSM?
How does he really gain?

like us may have realized power of metal, and about switching goldman, they have foolishly driven market to scenario of silver squeez.

But I am still optimistic about a correction.

 

[Argent Dragon]

Why does warren want to boost gold and knock financials in the MSM?
How does he really gain?

We're witnessing the great Transfer of Wealth just like every Multi-Decade cycle.
This feels a lot like 1977-79.

So Buffet isn't trying to 'gain' as much as he's trying to 'retain' his wealth.

 

[the_shootist]

We're witnessing the great Transfer of Wealth just like every Multi-Decade cycle.
This feels a lot like 1977-79.

So Buffet isn't trying to 'gain' as much as he's trying to 'retain' his wealth.

yup, just like we do here

 

[d-lod]

IF........................silver doesn't move past 27.72 on up side than....................current price 27.54

29.84 – 23.38 = 6.46 = 22%
23.38 – 27.72 = 4.34 = 18%
27.72 – 24.06 / 21.62

the count changed, "buffet mania", its 28.46 and not 27.72 the new count of wave B.

29.84 – 23.38 = 6.46 = 22%
23.38 – 28.46 = 5.08 = 21.5%
28.46 – 24.71 / 22.2 / 18+ some target for wave C

 

[axstone]

If it blows to the upside before September, UH OH

 

[d-lod]

https://silverseek.com/article/silver-market-update-another-upleg-looking-imminent


The latest COT chart for silver if it is to be believed, shows a truly remarkable situation. Normally, after a big runup in silver, we would expect to see the Large Specs long positions ratchet up to an extreme level, but that hasn’t happened at all on this occasion – their positions are still at a modest level. What does this mean? – the only thing I can think of is that it means that they don’t believe in this rally and are not committing to it. Since they are almost always wrong, their lack of interest after this big runup must be interpreted as strongly bullish.