Discussion in 'Bullion Investing' started by Soiled, Apr 1, 2016.
According to wikipedia it's Gung-ho. But they show Nitpicking as one word.
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I just purchase my ASE monster box at 18.80 per oz , for $17 oz still good time to buy . He will regret when silver up to $ 30 next year.
Say it ain't so Joe! j/k So true, so true!
Well, I consider it to be distrustful to try and shank somebody like that. I'd expect a trustful answer when asking what it is worth. Not what I got.
The situations can be changed/returned to previous levels faster than it has come to this. One should keep the underlying reasons in mind. It tends to go down faster than up, IMO, Jim
Yep! True dat!
Charts are great for analysis provided one takes a long enough view. In the case of gold and silver, the best hands-down being the Bullion Vault 20 year view:
To even the casual observer, it was nearly impossible to miss the strong resistance in gold at $1,365 but anyone paying attention knew once it was convincingly taken out there was little resistance until $1,500.
I would venture to say by that same analysis, the great resistance for silver is around $21 an ounce, and once breached there will be a steep ascent to the mid-30s before consolidating.
I won't venture to guess when that might happen, could still a be a few years away. But with competitive currency devaluations in a race to the bottom, anyone thinking the next big move for metals is down is likely to be left out of the biggest rally of their lifetime.
Everyone has an opinion, but few gold bugs from the last 2 booms ended up with any great bounty, because they could Never bring themselves to sell their "precious" at any price level ,always following those who said " To the Moon!!!" and the rocket Always Fizzles sooner or later. But maybe this time it will go forever. IMO, Jim
Yep, it's a set of indicators that's unmistakable and foolproof -- in hindsight.
How do you think traders make their money? They see in the charts where price will go before a move happens. Its not just gambling. Its called technical analysis.
Less a case of gold's upward potential this time, than the US dollars certain eventual destruction. I will concede however, that the dollar's resilience long-term is something historians a millennium from now will still be struggling to understand, since the paradigm of the dollar as the world's reserve currency should have already failed. To the extent that central bankers are able to act in a cohesive orchestrated fashion much like they did in 2008 and 2009, I suppose the supremacy of the dollar will continue. But at some point other less benevolent governments (read China, Russia) will act unilaterally to restore monetary order in their own realms, and the likely outcome will be a world less dominated by the US dollar as a reserve currency. Once that happens, you don't want to be anywhere except in precious metals, as the return to fiat monetary stability will likely be at least a generation away.
Sweet! Everyone always wins then!!
All else being equal, only have to be right 51% of the time to win in the bigger scheme of things. The entire premise of technical analysis is this: The past price performance follows a pattern and is not totally random. And if it follows a pattern, you can trade against it and make money. The challenge is not going all-in on a hunch then having the market move against you, then exiting the market in panic.
The problem is that human beings excel at spotting patterns even where none exist.
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