a silver breakout or meltdown is imminent (see my chart)
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Poast new message in this thread
Date: February 28th, 2018 11:47 PM Author: adventurous hyperactive plaza
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.
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511223) |
Date: February 28th, 2018 11:48 PM Author: vivacious institution
What is a breakout? A quickly rising price?
What is the value of such a prediction? Are there silver volatility indexes?
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511230) |
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Date: February 28th, 2018 11:50 PM Author: adventurous hyperactive plaza
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.
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511247) |
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Date: February 28th, 2018 11:57 PM Author: adventurous hyperactive plaza
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.
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35511310) |
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Date: March 4th, 2018 12:24 PM Author: hairraiser point athletic conference
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.
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532101) |
Date: March 4th, 2018 12:10 PM Author: Twinkling corner
Any updates to your thesis?
I’ve been in gold and silver for 4 years with terrible results but I’ve been long only.
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532055) |
Date: March 4th, 2018 12:20 PM Author: hairraiser point athletic conference
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
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532078) |
Date: March 4th, 2018 12:24 PM Author: Territorial cuckold love of her life
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?
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532099) |
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Date: March 4th, 2018 12:32 PM Author: hairraiser point athletic conference
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)
(http://www.autoadmit.com/thread.php?thread_id=3906993&forum_id=2#35532117)
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