Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 8000+ forum members. 

Wonger

Silver price about to plummet

Recommended Posts

11 hours ago, Wonger said:

Expected Gold price action from here short term, will be shorting into any further advance into the $1630/40 area because this rally is going to fall apart! 

gc chart.PNG

Stop joking man - a certain European bank is blowing up on it's shorts.


Jeffrey Epstein didn't kill himself. COVID-19 is a cover story for collapsing the economy. 

GLD / SLV Are Frauds - If You Want Gold And Silver Buy Physical

Share this post


Link to post
Share on other sites
11 hours ago, Wonger said:

Expected Gold price action from here short term, will be shorting into any further advance into the $1630/40 area because this rally is going to fall apart! 

gc chart.PNG

 

 

gold2.jpg

gold1.jpg

gold3.jpg


"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. But if you want to continue as the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit."

Sir Josiah Stamp, Director of the Bank of England

Share this post


Link to post
Share on other sites
Posted (edited)

Gold is now going to crash over $1000 down to the $400-$600 area is my opinion and if dont believe me just watch! 😉

gc cot.PNG

Edited by Wonger

Share this post


Link to post
Share on other sites
Posted (edited)

Wonger - no-one is selling physical at these prices - the paper price can go to $10 an ounce - it doesn't matter.

ABN Amro (Dutch bank) is forcing their customers out of their precious metal positions - the gold will never have existed - now what are those customers who want gold going to do? The paper physical ratio is over 100:1 - possibility 100 cashed out customers chasing the 1 physical.

There is going to be a stampede into precious metal. The paper price may get smashed so as to cheat those who are in unallocated holdings where the gold never existed. These people are going to run to metal. Refiners are closing down - miners are closing down

https://seekingalpha.com/news/3554797-south-africa-to-impose-21-day-lockdown-on-miners?utm_medium=email&utm_source=seeking_alpha&mail_subject=dust-nugt-south-africa-to-impose-21-day-lockdown-on-miners&utm_campaign=rta-stock-news&utm_content=link-1

South Africa to impose 21-day lockdown on miners

An LBMA OTC market maker is in trouble - suspected to be UBS. In major trouble b/c of its short positions it cannot get rid of. 
People aren't interested in the paper markets now - they want physical.

Edited by sixgun

Jeffrey Epstein didn't kill himself. COVID-19 is a cover story for collapsing the economy. 

GLD / SLV Are Frauds - If You Want Gold And Silver Buy Physical

Share this post


Link to post
Share on other sites
Posted (edited)

IMHO the reason why you hold Gold and Silver is exactly for times like these when so there are many uncertainties in the world. I am not selling any of my stack and I regret deeply when the price Gold recently hit $1450 and Silver below $11 I did not back up the truck one last time and now even at these prices all the dealers have sold out. We have mines / refiners  shutting down and demand is sky rocketing. It has taken eight days of selling pressure move the price of Gold from $1703 to $1450 and only three days bullish price action to move the price to $1635 and from a technical perspective that is very bullish. My prediction in a short time frame (less than month) looking at challenging the all time high Gold price $1920.

2 hours ago, Wonger said:

Gold is now going to crash over $1000 down to the $400-$600 area is my opinion and if dont believe me just watch! 😉

@Wonger I don't believe you and I am watching like a hawk.

Edited by Abyss

Share this post


Link to post
Share on other sites

Just listened to a trader on the gold and silver market, paper silver and gold is trading but supplies of physical gold and silver are near impossible to get. You certainly can’t cash in your paper of any sort for the precious in any form. His opinion and he’s been trading for 40 years plus is gold will rise to $1900+ and silver to $25+ it will then fall back but overall the price for both will stabilise in excess of $1750 and $20 respectively 

Share this post


Link to post
Share on other sites
2 hours ago, Sherabnamdhak said:

Just listened to a trader on the gold and silver market, paper silver and gold is trading but supplies of physical gold and silver are near impossible to get. You certainly can’t cash in your paper of any sort for the precious in any form. His opinion and he’s been trading for 40 years plus is gold will rise to $1900+ and silver to $25+ it will then fall back but overall the price for both will stabilise in excess of $1750 and $20 respectively 

That would be sensible in normal crisis. But in modern economy we never tried to shut down global economy for 3 months and try to print up loses, fear and uncertainty. We are at point similar to B-W system end. 

Share this post


Link to post
Share on other sites
Posted (edited)

Fun day today. Last day of the month. If $14.13 doesn’t hold as a closing, it could (not will, but could) be very bad for silver on the monthly candle chart in terms of paper price. 

Edited by Oldun

It’s fun to have fun.

Share this post


Link to post
Share on other sites
3 hours ago, Chicagodogs said:

I believe April will be a very good month for gold and silver.

April will be a blood bath in the paper markets!!! 2nd half of the month I reckon and then it’s all over. 

Enjoy the dead cat bounce until then!

Both gold and silver will do the opposite this time. No supply still by then, so it will permanently split from paper pricing.


Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

Share this post


Link to post
Share on other sites
On 29/03/2020 at 18:11, Sherabnamdhak said:

gold will rise to $1900+ and silver to $25+ it will then fall back but overall the price for both will stabilise in excess of $1750 and $20 respectively 

It will go higher than this. Markets will plunge in April. Dead 🐈 bounce at moment. 
 

Never before has the world had a 6 month holiday!


Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

Share this post


Link to post
Share on other sites

If this is "The Black Swan Event" my prepper friends have discussed. With a possible depression and reset of currency, how will this effect the precious metal market, both short and long term. 

Share this post


Link to post
Share on other sites
5 hours ago, Emu213 said:

If this is "The Black Swan Event" my prepper friends have discussed. With a possible depression and reset of currency, how will this effect the precious metal market, both short and long term. 

I think anyone who actually has any physical will keep it and either exchange it for land or property at the top, or exchange it for the new currency when they come out of the other side. The lack of physical is telling imho. 


Decus et tutamen (an ornament and a safeguard)

YouTube - https://www.youtube.com/channel/UC5OjxoCIsDbMgx7MM_l4CmA

Share this post


Link to post
Share on other sites
1 hour ago, MancunianStacker said:

I think anyone who actually has any physical will keep it and either exchange it for land or property at the top, or exchange it for the new currency when they come out of the other side. The lack of physical is telling imho. 

Quite right 👍  - - why ? would anyone want to swap back for what is now CLEARLY failing devaluing "FIAT" (apart from immediate/urgent funds requirements )

 

Share this post


Link to post
Share on other sites
Posted (edited)
On 25/03/2020 at 04:26, Wonger said:

Gold is now going to crash over $1000 down to the $400-$600 area is my opinion and if dont believe me just watch! 😉

 



Added 0 minutes later...

Sorry, couldn’t resist...all in good fun :)

Edited by Oldun

It’s fun to have fun.

Share this post


Link to post
Share on other sites
7 hours ago, MancunianStacker said:

I think anyone who actually has any physical will keep it and either exchange it for land or property at the top, or exchange it for the new currency when they come out of the other side. The lack of physical is telling imho. 

In my opinion they are going to introduce new monetary system in next 2 years. That will be point when you should think about selling PM to obtain what you need the most. As for now lets play with monopoly funny money as long as music plays.   

Share this post


Link to post
Share on other sites

Silver was plummeting today.


Jeffrey Epstein didn't kill himself. COVID-19 is a cover story for collapsing the economy. 

GLD / SLV Are Frauds - If You Want Gold And Silver Buy Physical

Share this post


Link to post
Share on other sites
On 18/03/2020 at 11:28, g33x0r said:

Where?!?!? Premiums are so high silver is almost as expensive as before the drop in price....  Where are you even finding any in stock??!!

From people that are panicked that want more than what the pawn shops are offering. If you haven’t set yourself up for this it’s basically irrelevant. Things are a lot worse since I posted this.

Share this post


Link to post
Share on other sites
On 19/03/2020 at 10:33, firestacker said:

Silver price has fallen a lot but seller prices of physical silver seem to be staying at >£16 an ounce as if nothings changed.

What are peoples theory on this? is it dealers being reluctant to readjust their prices or is it just a delayed process until they all replenish their stock?

It’s because paper value is just that - thin as paper. A societies currencies have been here thousands of years at most. Silver is an element. Been here since God or The Big Bang created existence. Will be here long after we are gone. Never was and never will be, anything, like fiat currency.

Share this post


Link to post
Share on other sites
Posted (edited)

At any rate. Not much else to say at this point. Too busy working on real life to indulge the internet much these days. My suggestion to others is to get involved and busy in their own “real lives”, off the net, as well. Don’t want to get caught with your pants down and your **** in your hand because you spent too much time stroking your “godlike” internet persona ;)  ... see you guys in a few weeks, maybe. One love to silver stackers and those that think ahead.

Edited by Ablist
Typo

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use