You can login if you already have an account or register by clicking the button below.
Registering is free and all you need is a username and password. We never ask you for your e-mail.
People attempting to forum slide and disrupt this board in contravention of Q's call for unity through patriotism may be banned
What is Q related? Anything involving Trump. Politics, Fake news, Censorship, Pizzagate, lluminati, New World Order, Secret Societies, Mk-Ultra, False Flags, Q proofs, etc...
Also, corruption in the following areas...
Government, Entertainment industry, celebrities, charities, corporations, etc...
No Pornographic Material Allowed
Continually harassing users can get your post/comment removed and you possibly banned. Threats of violence against other users or their family members are not allowed on v/GreatAwakening
Those belong in the comment section. If you need help, you can ping a mod, or PM us.
Posts need to be Q related. Not for attacking other users.
GAM is the new place for all things drama/mods/other users pertaining to v/GreatAwakening.
No usernames imitating mods
Misc reasons
Voat Rules
Content violates spam guidelines
Content contains or links to content that is illegal
Content contains personal information that relates to a Voat users real world or online identity
[+]cabalstone1 point2 points3 points
ago
(edited ago)
[–]cabalstone[S]1 point
2 points
3 points
(+3|-1)
ago
(edited ago)
Always...but silver price will go much lower before upside is realized. I expect to be buying silver in single digits this year. that said, I also expect that it will eventually sell in triple digits.
[+]cabalstone0 points2 points2 points
ago
(edited ago)
[–]cabalstone[S]0 points
2 points
2 points
(+2|-0)
ago
(edited ago)
So do I. I trade options and put profits into metal which I rarely sell. I don't really care about the price as long as it's moving. For example, SLV March 20 15 puts (essentially a bet that SLV will sell below $15 before March 20) closed Friday at around a nickel bid, ran up to nearly a quarter this morning and is now bidding 14 cents. Ya gotta be alert and ya gotta be quick to play this game. Here's a taste on outlook...from Sunshine Profits:
Isn't this excellent time to buy gold?
No. Everything that we wrote in the previous paragraph has already happened, which means that gold has already reacted to it. And in what way did it react? It just moved to its previous high. This week started with an attempt to move above it, and this move failed as gold reversed its course and at the moment of writing these words, it's only 0.18% higher. On the other hand, silver is over 2% lower and it's once again trading below $17.
Given all that happened in the last 2 weeks, and especially given what happened overnight gold "should be" trading MUCH ($100+) higher. Gold just failed to react to a series of very positive events, which tells us that it's about to move in the other direction. The technical confirmations - weakness in silver and mining stocks - are already present. Silver is already attempting to break lower, while miners have not yet started trading today. Still, they refused to rally close to their previous highs on Friday, even though gold was moving temporarily above its previous high. That's a clear underperformance sign and one that tells us that lower precious metals values are to be expected in the following months and weeks.
Plus, what can the Fed do on its next meeting? It already panicked and stimulated the economy based on something that might have been just a temporary fear-driven correction. People got scared even more and they now expect the Fed to deliver at least (!) a 0.75% cut. Some expect more, which means that - on average - if the Fed cuts the rates by 0.75%, it will likely still be viewed as hawkish. To some people that will be normal, and to some, it will be a hawkish surprise as they expect an even bigger cut.
The decline in crude oil is not a factor that supports interest rate slashing.
Regardless of the above rate discussion, based on how gold is reacting to the increased fear of coronavirus, it seems that people are starting to realize that gold will not save them from a virus. It might be very useful in case of an economic collapse, or a new World War. But in case of a virus? Not really. People's initial reaction to every shock might be to buy gold, but after the initial reaction, the logic comes into play, and it doesn't necessarily imply the need to protect oneself with gold against the virus. In fact, if the virus becomes even more widespread, then people would likely prefer to stay and home as much as possible, avoiding contact with others. This means that they will also prefer doing business and shopping online, without cash, or gold. There are many crises in which gold gleams strongly, but it doesn't seem that it's one of them.
view the rest of the comments →
[–] cabalstone [S] 1 point 2 points 3 points (+3|-1) ago (edited ago)
Always...but silver price will go much lower before upside is realized. I expect to be buying silver in single digits this year. that said, I also expect that it will eventually sell in triple digits.
[–] stromble 0 points 3 points 3 points (+3|-0) ago
that forecast makes no sense, as it would be far below the cost of mining silver.
[–] cabalstone [S] 1 point 0 points 1 point (+1|-1) ago
It has traded below production cost before...and it likely will again.
[–] Lurker17 0 points 2 points 2 points (+2|-0) ago
Why single digits this year? Links or your silver outlook please. Very curious. I hold physical.
[–] cabalstone [S] 0 points 2 points 2 points (+2|-0) ago (edited ago)
So do I. I trade options and put profits into metal which I rarely sell. I don't really care about the price as long as it's moving. For example, SLV March 20 15 puts (essentially a bet that SLV will sell below $15 before March 20) closed Friday at around a nickel bid, ran up to nearly a quarter this morning and is now bidding 14 cents. Ya gotta be alert and ya gotta be quick to play this game. Here's a taste on outlook...from Sunshine Profits: