RE: RE: Mineshack...Mineshack....
1st? How much money did the " bond king " from Pimco leave on the table? Sold bonds a few months ago?
Another bad call by Mr. Gross. Think Greenspan talked him into that one?
You can call me anything.
Do me a favor....you follow any pm " experts " or on the dollar? Anything you trade. If so...
Look over their material/newsletters/websites.....whatever and tell me if they use Charts...mentioning overbought/oversold/support/resistance/moving average/...etc..etc...
Silver and gold are just asset classes.Period. Traders trade them like anything else. They follow trends.
Trends change. Silver and gold go down faster than they go up. A fact - we've had numerous corrections
over the years.
I've said since about $10 dollars higher were in a correction, so call me stupid?
TA is BS? Fine....your opinion, just get back to me on whether " your favs " use TA.
Silver - mentioned our " trendline " from summer at $35 - we are there.
SLX? Is TA BS? Well...we are about to take out support with our 200 dma right below.$.65.
https://stockcharts.com/h-sc/ui?s=SLX.TO&p=D&yr=2&mn=0&dy=0&id=p05403921951
Worst case for PM investors is after the margin hikes washes out the speculators ....selling leads to a reversal in gld/slv buying with " gold and silver index " selling ..etc..etc...etc... Overnight futures down,,cycle continues.
Silver could do a $25 round tripper - in a heartbeat. Gold will get crushed too. Like today.
Remember the SH article i posted the other day. Silver " newbies " need to be washed out. Its happening.
And SLX? There will be no place to hide. Ugly PM market...we could easily hit $.50.