119 replies to this topic

[tradesurfer]

I like the huge reduction in silver COT

 

https://snalaska.us/...t/charts/SI.png

 

maybe we getting closer to bottom than i thought

[K Wave]

 

 

 

Starting from minute 12:00 he saying gold silver ratio could go to 138 and silver to 9 dollars

Excellent video. We all have been fooled by silver's long basing pattern, thinking that it means eventual meteoric thrust up.

 

But I have been wondering what has been going with silver ever since I started posting in this forum because it's behaving in a very bearish manner:  as I said that all its moves are quickly retraced. While gold is moving up in an impulse, silver seems to be moving in corrective waves.

 

 

Next time it turns up above 900 day, and is joined by the likes of SILJ AGQ USLV etc, is when I will be buying Silver for long term.

 

That last fakeout was ugly, and could lead to a sustained decline like we are currently seeing in CAD/USD since its fakeout over the 900 day

 

But IF it gets reversed sooner than later, will climb back aboard.

Any sustained action over 16.50 in SLV now could mean decline was just a big final shakeout.

But if SLV starts truckin' downside next week, could last a while....a close under 15.50 now would not be good...

 

Happy to sit and watch for now with occasional scalp until clearer intermediate picture emerges.

 

When things are not "in sync", usually best to not get over committed to one direction until they sync back up...

 

At SOME POINT, Silver will likely be a much better long term investment than Gold percentagewise.

But for now, Gold/Silver ratio still rising, and Silver not quite yet in bullish long term configuration.

 

[gannman]

https://www.zerohedg...-starting-crack

 

a lot of things are going to crack before this is over . it is nowhere near over here nowhere

 

near it. this will  be an interesting week for sure expecting a huge up day in gold soon 

[dougie]

USD not acting well.

Should get a bounce here: corresond to gold sell off

[dougie]

whoo boy: look at oil and copper.

[K Wave]

Silver....not looking healthy on this pullback....

[linrom1]

Silver....not looking healthy on this pullback....

It has been one sneaky devil to trade. But very profitable for the operators. Are they pulling out in the middle of the night when gold reached another peak and futures are tumbling... it's very odd?

Edited by linrom1, 08 March 2020 - 08:07 PM.

[linrom1]

I am not some kind of Elliott wave expert, but what gold has been doing is not anything very bullish?

[linrom1]

 

Gold doesn't look bullish to me, I have no idea what this last wave is, but it's not an impulse YET.

[dougie]

Linrom: on what time frames is GOLDNot bullish or based on what indictors?