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a silver breakout or meltdown is imminent (see my chart)
Poast new message in this thread
Date: February 28th, 2018 11:47 PM Author: mustard rehab hominid http://oi68.tinypic.com/nda9g8.jpg
The support on this wedge is higher than the support on the previous wedge, so most likely, it is going to be a breakout. Notice the slope on the resistance lines for each successive wedge also is progressively getting less steep.
Will bump this when proven correct. |
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Date: February 28th, 2018 11:49 PM Author: Floppy gay factory reset button love of her life Are you the guy invested in all the silver mining stocks? If so, can you bump that thread? (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511238) |
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Date: February 28th, 2018 11:51 PM Author: mustard rehab hominid Yep... not sure what happened to that thread. (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511267) |
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Date: April 16th, 2018 12:42 PM Author: lime deer antler gas station OP is FUCKLAW? (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35851264) |
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Date: April 16th, 2018 12:57 PM Author: frisky hospital internal respiration Fucklaw was short silver - bet against it. Not invested in it. (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35851364) |
Date: February 28th, 2018 11:48 PM Author: Excitant Milk What is a breakout? A quickly rising price?
What is the value of such a prediction? Are there silver volatility indexes? |
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Date: February 28th, 2018 11:50 PM Author: mustard rehab hominid What is a breakout? A quickly rising price?
-Yes
What is the value of such a prediction? Are there silver volatility indexes?
-You can make money if you buy silver mining stocks. I suggest SILJ for the safest approach. |
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Date: February 28th, 2018 11:51 PM Author: Excitant Milk But what if there's a meltdown? You predicted two opposite results, sharing only a second order effect. (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511262) |
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Date: February 28th, 2018 11:54 PM Author: Talented Depressive Locus Well, it’s 50-50. (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511293) |
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Date: February 28th, 2018 11:55 PM Author: stirring heaven (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511295) |
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Date: February 28th, 2018 11:57 PM Author: rambunctious twinkling uncleanness mother (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511312) |
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Date: March 4th, 2018 12:22 PM Author: flirting concupiscible locale (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532088) |
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Date: February 28th, 2018 11:57 PM Author: mustard rehab hominid The price will swing either down to lower lows quickly or to higher highs as we get closer to the end of the wedge. If it suddenly breaks down under $14.50, it would confirm that we're not going to get a breakout, and if you're a swing trader, you might want to consider getting out or doubling down to lower your dollar cost average.
A breakout is far more likely than a breakdown at this point according to the chart pattern, as I explained in the OP, and also, from a fundamental perspective, prices can't get much lower since the profit margins on mining companies is so low, that if prices were to fall from here, we'd see a supply deficit, since miners will shut down. We also have a very low reserve of above ground silver. Do your due diligence. |
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Date: February 28th, 2018 11:58 PM Author: Excitant Milk "Do your due diligence."
Why give tips and then end like this? |
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Date: March 4th, 2018 12:24 PM Author: frisky hospital internal respiration I think just from the higher interest rates alone you are going to see further issues in the mining supply chain.
All in cash costs for Gold are like $800 and $1200 for Platinum, I don't know Silver's but it is a supply and demand kind of scenario with Silver and PT metals due to their depletion in industrial activities.
Gold is depleted by industry in a much more limited manner. I'm bullish on Gold but I think holding a mix of Gold/Silver equities and physical Silver to swap into gold makes a LOT of sense as a hedge against any inflationary issues. |
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Date: March 4th, 2018 12:10 PM Author: provocative legal warrant mental disorder Any updates to your thesis?
I’ve been in gold and silver for 4 years with terrible results but I’ve been long only. |
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Date: March 4th, 2018 12:20 PM Author: frisky hospital internal respiration Just started to get long Gold and Silver in the past 3 months.
Gonna buy some 100oz bars as well soon to add to my stock pile and will probably swap into gold when the GSR gets to 1:50
Also been looking at Platinum group metals - I think that the rise in some more exotic PT group metals over the past 6 months presages inflation.
Also into some resource streaming stocks to get market exposure |
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Date: March 4th, 2018 12:24 PM Author: pink prole trump supporter Are you just looking at the chart of how silver has risen and fallen, seeing what you think is a pattern/trend, and claiming that silver prices will continue that pattern in the future?
Is this really all "technical analysis" is? Not looking at any particular reason the demand for silver will increase or decrease? |
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Date: March 4th, 2018 12:25 PM Author: provocative legal warrant mental disorder Yes, that is exactly what technical analysis is. NOT flame. (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532102) |
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Date: March 4th, 2018 12:25 PM Author: pink prole trump supporter Well whatever you want to call what OP is doing (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532103) |
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Date: March 4th, 2018 12:27 PM Author: frisky hospital internal respiration For investors this recent metals issue isn't even TA based - it's based on supply chain issues caused by higher interest rates (mining is capital and thus debt intensive, if money costs more the all in cash costs to mine go up, causing bankruptcies and thus supply constraints meaning, in the long term, metal prices have to go up as the available supply is used)
The South Africa issue is also big because of how much precious metals the country produces. |
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Date: March 4th, 2018 12:28 PM Author: pink prole trump supporter That makes sense (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532108) |
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Date: March 4th, 2018 12:28 PM Author: provocative legal warrant mental disorder But if interest rate rises, (1) US Dollar rises and (2) opportunity cost of being in precious metals (or anything non-income producing) increases, how big of a drag should that be on precious metal pricing (in US Dollars). (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532109) |
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Date: March 4th, 2018 12:32 PM Author: frisky hospital internal respiration IDK but I think there are issues with metals supply chains in the near term.
Look at some streaming stocks (companies like RGLD, FNV, etc) - where they get paid in ounces of gold/silver and therefore they get leverage to rising prices. I think it is a creative method/hedge in order to get exposure to metal prices but also dollar denominated capital appreciation.
I also think owning physical silver to swap into gold is good because you can find dudes who would lend $$$ on gold. Nothing wrong with getting a few hundred ounces of silver to sell for dollars or trade into gold when the GSR ratio compresses - especially since you can get loans on Gold and not have to sell it (i.e use it as a tool to buy income producing stuff)
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Date: March 4th, 2018 1:18 PM Author: provocative legal warrant mental disorder What's the usual LTV and interest rate on gold? Have you ever looked into it? (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532372) |
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Date: March 6th, 2018 9:34 PM Author: frisky hospital internal respiration There is a company called A-Mark that does lending on it at 75% LTV but also some local lenders will do that and other loan associations.
Trust me - it wont be hard to find someone to make that kind of loan. |
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Date: March 9th, 2018 12:38 PM Author: provocative legal warrant mental disorder I suppose I can always go to my local friendly ((( ))) (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35569694) |
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Date: March 9th, 2018 12:45 PM Author: frisky hospital internal respiration One would think they would have vast underwriting experience (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35569754) |
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Date: March 6th, 2018 11:27 AM Author: provocative legal warrant mental disorder breakout confirmed today? (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35545926) |
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Date: April 16th, 2018 12:38 PM Author: frisky hospital internal respiration I think we're gonna see a confirmed breakout (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35851234) |
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Date: April 21st, 2018 11:41 AM Author: frisky hospital internal respiration Major commercial hedge activity this week for Silver and Plat (http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35888101) |