353 posts shown.
analogharbor44 said:Here goes that cartel again, causing trouble for everyone 😁
analogharbor44 said:Then why wasn't silver at $48 back then? Does that mean this consolidation phase keeps going until it hits $48 again?
quiettrucker12 said:Gold is the boss here. Silver tends to track the commodity index a bit closer—back in May 2011, both silver and the CRB/commodity indices hit their peaks at the exact same time. There’s this theory floating around that a silver bull market always stays way ahead of gold's, but honestly, I don't buy it. My take? The longer the bull market drags on, the less silver acts like an industrial metal and the more it just mimics gold instead of those commodity indexes.
😁
After the correction, gold needed some breathing room to find its footing. As we predicted, it went into a consolidation phase. That sideways grind lasted about a year, carving out a downward trendline, and now gold has finally broken out above it—though it could have just as easily broken lower.
Anthony Evans78 said:quiettrucker12, don't go giving him bad advice here. 🙂 Silver hasn't been keeping pace with gold for years now; if anything, the trend used to be the other way around. 🙂
If you're buying physical bullion, it’s pretty straightforward—just buy it, bury it, and leave it alone for a decade.
But if you want to gamble with paper assets, you'd better have nerves of steel and be ready to lose everything when the market decides to go crazy.
And obviously, do your homework before you throw any money at this.
Melissa Sanchez17 said:But nope, still no sign of any more Quantitative Easing. He keeps calling it an option, but if you ask me, there’s zero chance of anything happening before the election. If they actually pull the trigger before then, it just means we’re in deep trouble—total chaos. Plus, his rhetoric feels... off. It’s like the whole vibe of this situation has shifted completely compared to where we were just a month ago, right?
analogharbor44 said:How much of a drop are we looking at today? Maybe 20-30 bucks?
Anthony Evans78 said:Hey quiettrucker12, what kind of commodity is gold, really? Is it being consumed? No, most of it is just sitting there as jewelry or held as currency.
It’s been used as money for thousands of years.
The issue isn't that silver is theoretically manipulated; it's being manipulated in practice every single day, and the evidence is everywhere. Unless you actually believe it's normal to sell more silver than exists on the entire planet—selling short at the level of total annual production—but I guess the rules of physics don't apply to paper trading.
What traders? What amateurs? In a world run by Citadel and algorithms, human traders are basically just statistical errors. That chart you posted just proves it wasn't people selling that silver, but computers (just look at that insane volume spike in such a tiny window).
And you're missing the bigger picture. We're living through a complete shift in how "investing" works. It should be obvious that you don't stand a chance against machines; it takes literally one second to get wiped out. The final parabolic move? When the dollar and the euro hit zero, people will be scrambling to buy gold, silver, land, and guns, while trillions in paper and digital zeros become worthless overnight. 🙂
At the end of the day, the only thing that matters is knowing how to actually do something useful. 😉 I suspect traders (along with lawyers and managers) will be the first victims of natural selection. 🙂
lonehawk5 said:Give me a break, kid. Some of us actually have lives and other stuff going on, so we can't be glued to this forum 24/7. And that whole "as soon as the price drops you can't get a word in" bit... seriously? You're tripping... tell me exactly how many times I've jumped in when prices take a dive.
Just keep spinning your little fairy tales... I don't need your "explanations," especially after watching you get absolutely shredded on other forums more times than I can count.
You're exhausting with these outbursts, but whatever... go ahead, keep playing your little games.
Melissa Sanchez17 said:And let's be real—that "perfect timing" isn't happening until after the US elections are settled, regardless of who's in the White House 😍. Gas and grocery prices here in the States are hitting ceiling levels, inflation is a nightmare, and unemployment is still a mess. Meanwhile, the Stock market is sitting at these crazy highs. For Obama, kicking off more Quantitative Easing right now would be straight-up political suicide. The only way that works is if they're planning to install that Mormon candidate (who, by the way, seems pretty hell-bent on an invasion of Syria)
quiettrucker12 said:This would basically be a preemptive strike against Quantitative Easing—a full-on currency war. The article lists it in Pounds, which works out to about $1.25 trillion, or roughly 1 trillion Euros.
Melissa Sanchez17 said:Leave the guy alone, seriously—why are you all jumping down his throat like this? 😁
Maybe he'll be the one laughing when everything finally settles down.
Anthony Evans78 said:We might see some dips here, but honestly, it’s looking more and more like it hits $50 by year's end 😁