This Doesn't Look Good

Yes, it's just a trend and pattern.
I follow economic patterns, international economic incidents, the political turmoil, oil, China, India, EU, etc. All-in-all I still haven't been able to determine a good mathematical equation on everything - I threw out my tools when the market hit 15k and kept going. It's those darn options investors throwing their bets around (and a bunch of other things).

I still recall the Dow market at 2,000 and before. Of course gold was encroaching 500 at the time before falling again, and silver spiked briefly above $10/oz.

 

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Practice may make perfect, but it is substantially cheaper to get it right the first time in marriage.

 

I never look at metals as a short term, liquid investment. I never buy with dollars I might need tomorrow, next week or even several months (or even years) down the road so charts that track such are meangingless (to me).

Long term, debt and future obligations say metals win hands down in maintaining purchasing power. That's a "big" win in my book even without the potential gains attributable to a loss of confidence in fiat.

 

Silver's currently at $19.32. Up almost a dollar since you starter this thread a few days ago. Does it look any better to you now? lol-Just teasing. If you reread my response, you'll understand what I was saying.

 

$19.52 close! Alright, I am not a silver bear, I just got scared because I bought a lot of silver last month at $19.75. When we were going into $18.50 territory this week I wasn't happy. Let's hope we can get back to that $20.60 range soon!

 

some good advice overheard:

-it's a marathon, not a sprint

 

It... but...

[turns and bolts from thread]

 

And what my adviser always says: One day does not a market make.