ECON Gold Up over $30.00 Silver over $30.00 /reopened per Dennis

West

Senior
Most LCS's have a "Money Guy" behind them so they DON'T miss out on deals.
I am sure my LCS could do a 7 figure buy.
I wouldn't know for sure. But I do know that a pile of fresh $100 of only 1/2 + inch think is about a bank roll. That's $10k. And saw one day the safe was open in my LCS. And I could see stacks of hundreds feet deep and feet tall.

But I wouldn't know. :D
 

bracketquant

Veteran Member
On a side note, I wonder what kind of loss people in the aftermath of Helene are experiencing. That old "If you don't hold it you don't own it" comes into play if the place you were holding it washes away. And doubtful they had an insurance rider high enough to cover those kinds of losses as well.
Seeing pictures of most of the homes those living way up in the hills of western North Carolina, I doubt any hand much of any gold or silver. More like shotguns and other long guns washing away.
 

von Koehler

Has No Life - Lives on TB
Elliott Wave is looking for $2,800.

I am back in my synthetic 2X long position and am already making profits.

When gold hits $2,800 will analyze the wave structure to determine its next move. Until then, enjoy the rise.
 
Last edited:

Southside

Has No Life - Lives on TB
Elliott Wave is looking for $2,800.
Chart guys too! Larger cup and handle formation that took 13 years to mature. The question is after that.
Retrace to 2400-2500? There is no resistance to the upside, and the world economy is toast. Sky's the limit!

Giddy up!
 

Hfcomms

EN66iq
If silver closes above $32.50 today resistance is broken and should quickly rise to $37 or so and then there is little stopping it to test the highs of $50. Regardless, using the historical gold/silver ratios we should already be in three digit silver and that is without taking into account the silver deficits. I purchased another batch of Morgan silver dollars last night. Even at current prices silver is a gift on a platter.
 

Hfcomms

EN66iq
For silver this is a big move…if it holds. I note last week that Russia announced it was acquiring silver (and others) as a strategic metal. The shorts are going to lose their shorts and they have it coming to them.
 

Southside

Has No Life - Lives on TB
TPTB usually smack the Au/Ag prices down on Fridays to keep the technicals for the week low.
Interesting that this doesn't seem to be happening today.
Can't help but wonder if BRICS members are applying upward pressure.
Actually, been going on for weeks. And they rarely get jammed up on triple witching day(1x/quarter, 3rd Thursday of 3,6,9,12th month) I have been watching this market EVERYDAY for 25 years. ONLY 2 TIMES have the market makers gotten jammed up. Once in 2011, and this last Sept 19th. I think it will happen regularly going forward. Looks like they may have lost control.

Brings a tear to my eye.
 

Quiet Man

Nothing unreal exists
Actually, been going on for weeks. And they rarely get jammed up on triple witching day(1x/quarter, 3rd Thursday of 3,6,9,12th month) I have been watching this market EVERYDAY for 25 years. ONLY 2 TIMES have the market makers gotten jammed up. Once in 2011, and this last Sept 19th. I think it will happen regularly going forward. Looks like they may have lost control.

Brings a tear to my eye.
I was deep into SLV calls in early 2011. Crazy times.
India has been buying massive amounts of Ag lately.
I've been waiting for SO many years, that I will not say that they have lost control...
...but my gut is saying we're in the ballpark.

"Brings a tear"?
LOL. Kinda 'gets you right there', eh?
Me, too.
 
Top