vand

Another 25 Brits added to the stack today. About to take delivery of 200oz.

Another 25 Brits added to the stack today. About to take delivery of 200oz.

Another 25 Brits added to the stack today. About to take delivery of 200oz.

Another 25 Brits added to the stack today. About to take delivery of 200oz.

Another 25 Brits added to the stack today. About to take delivery of 200oz.

Another 25 Brits added to the stack today. About to take delivery of 200oz.

People who recite this are just sloppy TAs. While it is true that you CAN draw a line on the gold chart that hasn't yet been broke to the upside,, that only connects 2 datapoints, so people who are saying this are effectively saying that all the price action and subsequent lower highs are not significant despite them connecting far more datapoints. 
you can equally show on the very long term chart that the bull market that started in 2001 was never broken to the downside, and therefore we have technically been in an uptrend between 2011-2015. Again, pretty sloppy TA because it ignores a lot of relevant data and price action.

Been a text book correction - this sub $19 move has been very healthy.
We just about touched the 89d ma this week and the longer term 144d ma has begun to move up nicely behind. Very oversold in the short term now, so whatever Yellen says today I think the spot price is going to do what it wants to and either put in a final short term bottom if its hawkish, or move markedly higher if is dovish. 
I know some people will be frustrated that we're down 15% from the most recent highs, but if you look at silver's history this is a very standard move and paves the way for much higher moves in the coming 12-24 months. 
 
Keep Calm and Stack Silver.

Been a text book correction - this sub $19 move has been very healthy.
We just about touched the 89d ma this week and the longer term 144d ma has begun to move up nicely behind. Very oversold in the short term now, so whatever Yellen says today I think the spot price is going to do what it wants to and either put in a final short term bottom if its hawkish, or move markedly higher if is dovish. 
I know some people will be frustrated that we're down 15% from the most recent highs, but if you look at silver's history this is a very standard move and paves the way for much higher moves in the coming 12-24 months. 
 
Keep Calm and Stack Silver.

30oz of brits/kooks added to the stack on today's selloff. Nothing fancy, just stacking great value low-mid range bullion. Very happy with how my stack has been growing, and on target to hit 1000oz this year. 

30oz of brits/kooks added to the stack on today's selloff. Nothing fancy, just stacking great value low-mid range bullion. Very happy with how my stack has been growing, and on target to hit 1000oz this year. 

30oz of brits/kooks added to the stack on today's selloff. Nothing fancy, just stacking great value low-mid range bullion. Very happy with how my stack has been growing, and on target to hit 1000oz this year. 

1 roll of silver Brits at what I consider the very good price of spot + 20%.
Really starting to feel the higher spot prices now, as I'm paying considerably more per batch for a few coins less each time. It won't stop me from buying more...

1 roll of silver Brits at what I consider the very good price of spot + 20%.
Really starting to feel the higher spot prices now, as I'm paying considerably more per batch for a few coins less each time. It won't stop me from buying more...

1 roll of silver Brits at what I consider the very good price of spot + 20%.
Really starting to feel the higher spot prices now, as I'm paying considerably more per batch for a few coins less each time. It won't stop me from buying more...

1 roll of silver Brits at what I consider the very good price of spot + 20%.
Really starting to feel the higher spot prices now, as I'm paying considerably more per batch for a few coins less each time. It won't stop me from buying more...

1 roll of silver Brits at what I consider the very good price of spot + 20%.
Really starting to feel the higher spot prices now, as I'm paying considerably more per batch for a few coins less each time. It won't stop me from buying more...

1 roll of silver Brits at what I consider the very good price of spot + 20%.
Really starting to feel the higher spot prices now, as I'm paying considerably more per batch for a few coins less each time. It won't stop me from buying more...

Just looking at the charts.. we got so far stretched above the long term moving averages that I feel this will be the first real longer term correction. 
When we spiked to $21 2 weeks ago we got stretched to 33% above the 144dma. I think we'll need at least a few weeks of corrective action for the MAs to catch up and/or spot price to fall back to near the 144dma to pave the platform for new highs.
Of course, this is all conjecture, we may shoot up to new highs and get even more stretched, but I'm basing my estimates on the balance of probabilities and how I believe that markets participants tend to behave.

Just looking at the charts.. we got so far stretched above the long term moving averages that I feel this will be the first real longer term correction. 
When we spiked to $21 2 weeks ago we got stretched to 33% above the 144dma. I think we'll need at least a few weeks of corrective action for the MAs to catch up and/or spot price to fall back to near the 144dma to pave the platform for new highs.
Of course, this is all conjecture, we may shoot up to new highs and get even more stretched, but I'm basing my estimates on the balance of probabilities and how I believe that markets participants tend to behave.

Correctamundo. 
When the day arrives that see the world live within its means, start paying down its debt and stop stealing from its future generation then the case can be made to get out of precious metals.
 

Correctamundo. 
When the day arrives that see the world live within its means, start paying down its debt and stop stealing from its future generation then the case can be made to get out of precious metals.
 

Gold is going higher regardless of who wins the presidential election imo, unless some one can figure out how to fix the many problems inherent within the financial system. Long term fundamentally it is bullish. Technically speaking, from what I have seen on the short term its also bullish. I expect lots of volatility as a UK investor over the coming years, but ultimately higher in currency terms as purchasing power is maintained. Could be wrong though DYOR, I do hope the volatility will provide further buying opportunities in sterling terms, would be surprised and disappointed if this did not happen.
All IMO, open to alternative view points/interpretation. 

Well done Silver Stackers. 78% increase in purchasing power. 
Sad that I don't own more ozs (aren't we all) but I will continue to buy into my silver life raft every month.
 
 

Well done Silver Stackers. 78% increase in purchasing power. 
Sad that I don't own more ozs (aren't we all) but I will continue to buy into my silver life raft every month.