Jump to content
  • The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

  • Join The Silver Forum

    The Silver Forum is one of the largest and best loved silver and gold precious metals forums in the world, established since 2014. Join today for FREE! Browse the sponsor's topics (hidden to guests) for special deals and offers, check out the bargains in the members trade section and join in with our community reacting and commenting on topic posts. If you have any questions whatsoever about precious metals collecting and investing please join and start a topic and we will be here to help with our knowledge :) happy stacking/collecting. 21,000+ forum members and 1 million+ forum posts. For the latest up to date stats please see the stats in the right sidebar when browsing from desktop. Sign up for FREE to view the forum with reduced ads. 

Rise in the Dow and Dollar


Sherabnamdhak

Recommended Posts

The tea leafs/charts suggest support around $13.80.  i If it goes beyond that anyone's guess, support would be somewhere around $9.50, but i believe fundamentals would kick it back up before then.  Also shows oversold already so that seems unlikely and probably trading sideways around where it is. 

Link to comment
Share on other sites

I think we will really see what’s going on after the holiday season.  If earnings are in line with projections which suggest the economy is still growing then silver will decline further.  If it misses a bit, suggesting a pull back then I’d think silver and gold will jump.  

This kind of growth is unsustainable but really great at the same time. I assume the stock market will pull back causing silver to rise, the question is when!

 

 

Link to comment
Share on other sites

My basic strategy is buy now, because this is a good price, and buy even more when/if the equity and bond markets tank.  I have been watching for a market correction for a while, and I believe that when that happens no matter what the price of silver is it will go even lower in a short term deflationary move (with bonds, oil, gold, and everything except cash).  That, in my opinion, if the market correction is severe enough, will be the signal to look for a way out of the $us, and maybe the final time to buy silver at a good price in my own lifetime.  I've always believed that by the time I hit retirement age the world would be a different place, and that I would probably live out my final days in a world dominated by economic depression.  I still believe that is true.

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.

×
×
  • Create New...

Cookies & terms of service

We have placed cookies on your device to help make this website better. By continuing to use this site you consent to the use of cookies and to our Privacy Policy & Terms of Use