Silver & Gold

Discussion in 'Futures Trading' started by The Brontide, Jul 22, 2020.

  1. internationalstocks

    internationalstocks Active Member

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    This will continue to rise as I said before look for $30 soon then $35-40. The year you make money from Silver is this year
    9A69F6C3-E109-4B80-9261-E41E9862649D.jpeg E18B5FBD-5E77-444E-A3A2-6C1B88F8C388.jpeg
     
  2. Vdubman

    Vdubman Well-Known Member

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    Silver gapping up again. +7.3% yeatoday
     
  3. internationalstocks

    internationalstocks Active Member

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    Will continue to rise. New highs tested this year


    Great video here



     
  4. internationalstocks

    internationalstocks Active Member

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    First target of $30 almost there
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  5. The Brontide

    The Brontide Active Member

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    Yes I just saw that. I always expect a bit of overnight softening after an overnight rise, before US markets open. But it has been recovering in the AM rather quickly.

    Honestly I can't see industrial silver demand rising, which may be lending to the calling of the poor man's gold.

    It has been interesting.

    Still hanging on to the Proshares Ultra Silver I picked up on a dip.
     
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  6. internationalstocks

    internationalstocks Active Member

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    Almost hit first target of $30
    AE461553-3830-4CD5-8953-96DB3BE151D6.jpeg
     
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  7. The Brontide

    The Brontide Active Member

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    Very pleased I am still holding. Pending daily fluctuations, a nice 10% two day return on my silver Proshares Ultra.

    Edit to change value to reflect more accurate returns. Albeit rounded.
     
    #27 The Brontide, Aug 6, 2020
    Last edited: Aug 6, 2020
  8. Vdubman

    Vdubman Well-Known Member

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    Pro shares silver? Ticker?
    Edit:
    $AGQ
    How could I not find this one month ago when I was looking for silver etf’s. I’ve just hung out with $SIL from globalX and $PAAS since then.

    I just realized one silver contract is worth 5000oz if silver !
     
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  9. The Brontide

    The Brontide Active Member

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    It is also a leveraged 2x ETF. That said it goes down just as fast as it goes up, FYI.
     
  10. internationalstocks

    internationalstocks Active Member

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    Just around the corner

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  11. The Brontide

    The Brontide Active Member

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    Up almost 16% today including after hours trading.

    :banana: (dancing banana time yes)
     
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  12. Vdubman

    Vdubman Well-Known Member

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    Where’s the inverse?
     
  13. Vdubman

    Vdubman Well-Known Member

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    Where’s the inverse?
     
  14. Vdubman

    Vdubman Well-Known Member

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    Punched that $30 and never looked back today wow! Hope you guys sold that pro shares silver today
     
  15. The Brontide

    The Brontide Active Member

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    Nope.

    Still holding.

    Overnight popped and dropped (as of this post stamp). I see that alot.

    Either way I am still in for the moment.



    As for gold, I think it has headroom left.

    What could change it sending it down? A stronger dollar, which isn't happening, a stable economy, which isn't here, divergence from the endicis, which hasn't happened yet, etc.
    I do not see any indication that stimulus upcoming won't happen. Nor that the fed wants to suppress the rise of inflation.

    Too many reasons.

    Silver now? Same reasons but the industrial demand isn't growing with much openings. Tells me investors think the silver gold ratio should close up a bit.

    Yup, maybe a couple three more trading days before punching the dump button. Even then,...
     
    #35 The Brontide, Aug 7, 2020
    Last edited: Aug 7, 2020
  16. Vdubman

    Vdubman Well-Known Member

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    Well silver is selling for $34/oz on eBay. After fees and shipping, it’s about $29/oz. sold a batch and was hit with 13% fees + shipping. wow
     
    #36 Vdubman, Aug 10, 2020
    Last edited: Aug 10, 2020
  17. Vdubman

    Vdubman Well-Known Member

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    It looks like $30 is the new $35 resistance for silver. Didn’t look back after hitting that overnight wow. Down 5.4% to $27.53 today
     
  18. Vdubman

    Vdubman Well-Known Member

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    Well sold out 100% this weekend avg price $ 33/oz. definitely a sellers market still. People gobbling up physical silver left and right And left.
    After Reviewing the charts this weekend and weakness in gold with a silver double top I think there will be short term bearish Or sideways trend. If silver can break and sustain $30.25 it will push towards the $35 long term resistance. Looking for gold to break and sustain $2010 level for continuation to $2200. For the time being I’m moving to cash/ crypto with staking rewards.
     
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  19. The Brontide

    The Brontide Active Member

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    I have been away from gold for a spell but still with silver for a bit longer. So far so good.
     
  20. The Brontide

    The Brontide Active Member

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    A couple of days ago, I turned coat and am out of both metals. Neither side of the trade. On the downturn recently, I left some monies on the table before I thru the switch. It was profitable to get out for me.

    It seems like yields an the dollar are jerking it back and forth, whether by organic influences or political fed moves. I can't tell.

    And until I can see which way those are playing out, I am out.

    I know the dollar always drops pre-election, and I know the fed is manipulating yields with QE (or whatever it is called now).

    The consensus followed up by inferred alterations,...

    The markets driven by a few high flying playas, above all the other struggling firms, seem too high to sustain.

    And the whispers coming louder of gold becoming federally standardized.


    I have to keep watching for now from the sidelines.
     

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