Silver Monitoring Thread £ (GBP) only.

[DarkChameleon]

2 minutes ago, vand said:

Patience, grasshopper.
Now is not the time to be chasing returns..

 

I think etf too...right now woulook d be silly, you nedd a pull vack to invest in paper and with the elections, stimulous, brexit, china, russia, etc it not the time to paper gyess, my investments gave moved to safe havens with limited downside and sone even shorting in medium term...the faster you blowup a balloon the faster it goes pop.

[Kman]

1 hour ago, vand said:

Patience, grasshopper.
Now is not the time to be chasing returns..

Disagree with that video, he is predicting the end of the bull* market completely with what he has drawn in

2008, this is the same also for silver and gold, when that trend line broke that started in 2008  the bull* market was over, time to sell 

 

This is 2020, if that bottom line breaks it's over, he has drawn below that line 

I think that bottom line will be the very bottom for the next year or two 

Edited August 6, 2020 by Kman

[HerefordBullyun]

44 minutes ago, Kman said:

Disagree with that video, he is predicting the end of the bear market completely with what he has drawn in

2008, this is the same also for silver and gold, when that trend line broke that started in 2008  the bear market was over, time to sell 

 

This is 2020, if that bottom line breaks it's over, he has drawn below that line 

I think that bottom line will be the very bottom for the next year or two 

Agree @Kman all other fiat markets haven't crashed yet they are just creating a bubble.

[vand]

@Kman - Not sure if you've typo'ed bear when you wanted to type bull..?

Anyway, I don't think he is wrong. He is not predicting the end of the bull market - quite the opposite. He's saying we are due a short term correction that will signal an end to the short term trend, whilel still keeping the long term trend intact and building the bearish sentiment necessary to fuel the next stage of the bull market.

Silver has more than doubled in the last 4 months. That's roughly 700% annualised. Nothing goes up that fast unless it's a bubble, and we're not quite at that stage just yet. 

 

[Cointreau]

Just had a look at the US Debt clock site. If you click on the PM's icon you see that the ratio of silver coming out of the ground compared to gold is only nine to one.

Silver is still very undervalued. I will still be buying.

[Kman]

10 minutes ago, vand said:

@Kman - Not sure if you've typo'ed bear when you wanted to type bull..?

Anyway, I don't think he is wrong. He is not predicting the end of the bull market - quite the opposite. He's saying we are due a short term correction that will signal an end to the short term trend, whilel still keeping the long term trend intact and building the bearish sentiment necessary to fuel the next stage of the bull market.

Silver has more than doubled in the last 4 months. That's roughly 700% annualised. Nothing goes up that fast unless it's a bubble, and we're not quite at that stage just yet. 

 

Yes in my head I was thinking "start of bear end of bull", but instead I wrote end of bear somehow

For me how he has drawn in the lines is predicting the end of the bull market because it's breaking a lower bull trend line

This is how low I think it could go, I like to guess even though I'm generally wrong

3 trends, 1) 2019 2) April 3) July

Falling from 3 to hit the top of 1, around the middle of 2 and at a support line of $1875, that would be very neat

I don't know if it can fall that far though that would be ~ 10% if it gets upto $2100 first

[vand]

Just now, Kman said:

Yes in my head I was thinking "start of bear end of bull", but instead I wrote end of bear somehow

For me how he has drawn in the lines is predicting the end of the bull market because it's breaking a lower bull trend line

This is how low I think it could go, I like to guess even though I'm generally wrong

3 trends, 1) 2019 2) April 3) July

Falling from 3 to hit the top of 1, around the middle of 2 and at a support line of $1875, that would be very neat

I don't know if it can fall that far though that would be ~ 10% if it gets upto $2100 first

I wouldn't get too attached to the charts right now when the market is so volatile and there is a high probability that the price moves in a wide enough range to satisfy both bulls and bears!

Charts aren't infallible; only a few days ago I believe you were predicting a pullback which never materialised..

 

[kojak]

I think a long term bottom in the future could well be around the $20-22 range. I think a lot will depend on the future of the world in general years down the line from now.

 

 

[DarkChameleon]

1 hour ago, vand said:

I wouldn't get too attached to the charts right now when the market is so volatile and there is a high probability that the price moves in a wide enough range to satisfy both bulls and bears!

Charts aren't infallible; only a few days ago I believe you were predicting a pullback which never materialised..

 

Media is the kicking it into high gear...nownon owners are getting in like they did last time, that mwans quick in and quick out when their fear beats back their greed..right now the fear greed index would be interesting to see.

[Kman]

1 hour ago, vand said:

I wouldn't get too attached to the charts right now when the market is so volatile and there is a high probability that the price moves in a wide enough range to satisfy both bulls and bears!

Charts aren't infallible; only a few days ago I believe you were predicting a pullback which never materialised..

 

I keep predicting pullbacks that don't happen this is true lol but I do it for fun/out of interest, I'm not putting any money into what I think will happen beforehand

I do think on a larger time frame things do get very solid, if something breaks a trend that' latest years that's either extremely bullish or bearish 

The scenario I predicted above is also exactly what happened in 2011

1 trend, 2 trends, 3 trends, down to second trend 

 

Edited August 6, 2020 by Kman

[vand]

I think a selloff is imminent.. Gold and silver miner look like they've having a bearish reversal today.

[dicker]

39 minutes ago, DarkChameleon said:

Media is the kicking it into high gear...nownon owners are getting in like they did last time, that mwans quick in and quick out when their fear beats back their greed..right now the fear greed index would be interesting to see.

H and B Adverts will ramp in weekend newspapers no doubt. 

[DarkChameleon]

19 minutes ago, vand said:

I think a selloff is imminent.. Gold and silver miner look like they've having a bearish reversal today.

Tomorrow end of week predictions means taking profit off for the weekend ... but who wants to be the one on monday morning with a big loss of profit and standing at their desk for 10 hours?....lol.

[Empire]

The premiums for physical silver is crazy. Anyone else put off by this? 15% underwater straight away, and that's assuming you can get VAT free 🤔 Definitely leaning towards a physical ETF to be honest, at least it's easy to liquidate.

[DarkChameleon]

2 minutes ago, Empire said:

The premiums for physical silver is crazy. Anyone else put off by this? 15% underwater straight away, and that's assuming you can get VAT free 🤔 Definitely leaning towards a physical ETF to be honest, at least it's easy to liquidate.

Easy to buy, easy to sell, not backed by anything can be a proble, physical can hold better value, selling in excess of spot, look at eagles now, selling for 20% - 30% over spot...you wont get that on your paper.

[MancunianStacker]

15 minutes ago, Empire said:

The premiums for physical silver is crazy. Anyone else put off by this? 15% underwater straight away, and that's assuming you can get VAT free 🤔 Definitely leaning towards a physical ETF to be honest, at least it's easy to liquidate.

Nope because paper is BS. Most just don’t know it yet 😉 

[HerefordBullyun]

Silver at 22 now coinsters someone has put a rocket up silver's arris 😂😂😂😂😂

Edited August 6, 2020 by HerefordBullyun

[Ansel]

35 minutes ago, Empire said:

The premiums for physical silver is crazy. Anyone else put off by this? 15% underwater straight away, and that's assuming you can get VAT free 🤔 Definitely leaning towards a physical ETF to be honest, at least it's easy to liquidate.

That’s ok, it’s up almost 22% this week. 😆

[HerefordBullyun]

I think need a lie down I have never seen the pace of this, I am just wondering  what it's going to be like if a financial  crash happens. Absolutely unprecedented.... I have to keep touching  myself not only for pleasure but to make sure I'm not dreaming!!!! Although  maloney states triple digit silver he could be right. 

Edited August 6, 2020 by HerefordBullyun

[Empire]

8 minutes ago, Ansel said:

That’s ok, it’s up almost 22% this week. 😆

Haha true. The run up in the short space of time is crazy though.

[StackerNoob]

Although the gains have been incredible so far, I still don’t think we have even hit the real accelerator yet. I see people saying the mainstream are jumping on board now but outside of our well informed bubble I see no evidence for that.
 

Watch the news at ten and none of them mention PMs at all. It’s always oil and stocks they talk about. I won’t believe we are in a bubble until I start hearing it on the mainstream prime time news and in major newspaper columns. Only when everyone is talking about it is it a bubble. That’s my signal to move.

[seasidestacker]

does anyone else think that the manipulation has stopped and silver is just reaching for its natural level ? 

[Rll1288]

Yeah I do, I believe it’s finding it’s true level and will go higher from here... not in one go but definitely we are seeing a significant trend chaneg

[seasidestacker]

2 minutes ago, StackerNoob said:

Although the gains have been incredible so far, I still don’t think we have even hit the real accelerator yet. I see people saying the mainstream are jumping on board now but outside of our well informed bubble I see no evidence for that.
 

Watch the news at ten and none of them mention PMs at all. It’s always oil and stocks they talk about. I won’t believe we are in a bubble until I start hearing it on the mainstream prime time news and in major newspaper columns. Only when everyone is talking about it is it a bubble. That’s my signal to move.

yup, when my barber is telling me all about silver I will offer to sell him some ( haven't seen my shoe shine boy around lately )

[HerefordBullyun]

4 minutes ago, seasidestacker said:

does anyone else think that the manipulation has stopped and silver is just reaching for its natural level ? 

It has to or they can't even suppress it because of the amount press printing