Silver has been a subject of much discussion recently on biz, but the charts show it is in trouble. Monthly death cross inbound does not bode well for any upcoming intend.
Silver and gold are the go to fiat alternatives (aside from crypto) and gold is doing much better than silver technically. Both should benefit from continued interest rate hikes by the Fed but it seems clear that gold will be going up at the expense of silver.
Other urls found in this thread:
If you look at siver/gold we see that silver looks like it will surge against gold (both demoniniated by USD). With the ATR at a all time low we should be staged for a major move out of the falling wedge.
But this is the monthy chart. Patience and some stop loss entries are advised.
>OOGA BOOGA SHINY ROCK
You need to have some understanding of quantitative tightening, quantitative easing, interest rates, fiat, and fiat alternatives to understand what is going on here brah.
DYOR or KYS
I bought 20oz of Silver American Eagle coins, did I mess up?
>OOGA BOOGA SHINY ROCK
Gold is a meme investment. And only bitcoin tier retards cant see that fact.
Long story short, No. Keep on reading the news about Quantitative Tightening, stay on top of interest rates, and when it looks like QT is ending and interest rates will go back down sell.
I was planning on just holding on to them for a long time
We have some 2 years of QT at the current rate. Keep following the news as I said. If the news turns to needing quantitative easing again the price of silver and gold will pump and dump.
>unaware of the massive upcoming silver rush
>gl anyone not holding atleast 1000OZ
Long silver to $15 into July/August. You missed the pump and dump boat on SLV already.
Short UUP @ $25 through the end of the year. Pump and dump by March. There's your pump and dump. If you got the money long FXB to $123-125 through summer. Should strike before March.
One of the original silver bros here. I like silver right now because it historically undervalued compared to gold and somewhat in regards to fiat, is easy to find for free in circulating change, cheap enough get a full oz as a gift(something the people around me know I want as well), mostly a hedge against hyperinflation, helps me actually commit to saving money, and will ideally see increased demand from electronics in the future. My finding today (pic related). I agree though silver could easily drop more. Its an easy market to manipulate I hear as well.
Some good shit right there. You must run a desk for precious metals or trade that as a large part of your portfolio.
You don't thing FBX should break out? The volume has been high but the price hasn't moved much (measured by the ATR). If we break out it should be fantastically to the upside, so why not place a buy stop loss just above the channel?
FXB is British Sterling to USD. It's hovering around 123.
Options into or beyond July should cover you on theta if any bullshit delays the spike. Dollar should start shedding value by February. Worth the bet IMO.
PS - I think that massive volume in your pic was the result of shorts executing. Don't quote me.
FBX comes up as First Bauxite Corporation on tradingview (and I thought you mentioned it as a mining company), not Pound Sterling or anything similar. Anyway it looks like a great chance to catch a break out.
Shorts executing there don't make sense unless you mean they got shorts squeezed out, and if they did that means a lot of sellers got forced into being buyers.
I don't fuck with options at this point, my crypto exchange doesn't have it and my roth only allows covered calls so I haven't gotten to deep into that. I'll keep an eye on FBX and if we break out I'll be on top of it with a buy stop.
are you not seeing the fucking double bottom in the silver chart ?
BTCUSD had a adam and eve double bottom and it lead to a massive downtrend. Silver still has the death cross on the monthly timeframe and any bottom could be reversed with a throwback.
Silver looks like it is good against gold, but as a sole investment it is looking like it isn't on great footing to go long.
I want to ask something guys, about stamped moneteary value on silver coins, how the countries decide which number to put on their coins?
For example :
- 1oz philarmoniker : 1.50€
- 1oz britannia : 2£
- 1oz dollar : 1$
- 1oz maple leaf : 5$CAD
- 30gr panda : 10 yuan
- 1oz kookaburra : 1$AUS
This is painfully and obviously under appreciated on purpose. It wasn't like this before. I remember when i was a kid the 50F hercules silver were really worth around 50 francs. You could go to the banque de France and exchange the coin for 50 francs back then.
Tin foil hat time : could it be a way for the countries to reclaim back the coins and give you the equivalence in fiat? Through history countless times the realms/empires/republic forcefully took the gold and silver owner by their citizens in exchange of worthless war bonds to finance their wars.
Let say it's war time, the gubment make a martial law forcing the citizens to exchange their PM for fiat, you own 300 oz liberty coins and the gubment come to you and force you to take 300$ in fiat for those coins and say "it's fair, don't you saw it was written 1 dollar on the back of the coin? =)"
After all the silver coins are issued by national banks or the jew scam FED treasury for the mutts, and have legal tender. Legally you can walk in the barber shop and pay him 20 oz for a new haircut.
Look, I don't want to go full pol on this, but until we "remove" the Jew and end suffrage for women, we are going to remain a collection debt/fiat based nations and the end result will be war. Women vote for inflationary policies that lead to GSEs like the MACS and the next thing you know education, heath care, and housing are overpriced and quality has tanked. Jews know to appeal to women's materialism and that is why society has gone downhill.
>but as a sole investment it is looking like it isn't on great footing to go long
The entire US market just took a massive shit and it's seizing violently on a daily basis. Meanwhile the Fed is still going to be fucking around in the market which we've never seen before while the rest of the economy continues shitting itself which the market will surely reflect also.
Silver certainly isn't going down but I wouldn't be on it to keep climbing as rapidly as it has in the past month now that the dust is settling. Once CNBC can't shill they're 'BUY BUY BUY' bullshit anymore silver will continue it's steady climb to roughly the 2016 levels.
Now's a great time to buy and go long. Summer is a safe bet at $15.
Precious metals prices are completely captured by the derivatives market and other centralized schemes.
Don't know why you'd bother with such a centralized and manipulated product, it's a hedge for collapse and won't bring you yield in the mean time.
>helps me commit to saving money
this for me as well. I know for a fact I would have spent all that money by now. Only thing that worries me is how to sell it.
No worries fren i'm 100% for jewish genocide and i unironically have a SS flag on my wall.
Actually i studied for years as an humble amateur the kaballah, qlipoths hermetism, baqashots, the tikkun olam doctrine, the zohar, the talmud, the treatise on left emanation, sefer habahir, the doar deah movement, frankism, sabbataism... and got totally zyklonpilled about the jews.
I could speak for weeks about how deceiving, vicious, perverse, insidious, malevolent, sadistic, patronizing, ultra violent they have been toward humanity (and especially the whites) for the past 4000 years.
The only solution to the jewish problem is a total extermination. Sad but true.
Dont buy silver bros
every manipulation eventually come to an end one day or another. The silver comex bankster scam wont be an exception to the rule.
Don't bring me into this shit faggot, I don't know or care about the Jewish religion, nor do I support the far left.
Why are you screeching dear NPC? I wasn't answering to you.
I wasn't talking to you either faggot normie
Lol silver up 6% this month while the markets collapse
>Both should benefit from continued interest rate hikes by the Fed
Why? Why would gold benefit from higher rates and a stronger dollar?