Silver volatility
jmski52
Posts: 22,849 ✭✭✭✭✭
Looks like silver is moving a bit quicker than gold these days. In the “up” direction.
Time will tell, eh?
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I knew it would happen.
I knew it would happen.
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Silver up today 2%, gold up 1%.
That’s how it works - in both directions.
You should have both.😊
I knew it would happen.
I'ts just moving in it's 5 year historical trading range of 18+- + $26. If it breaks $26 expect a rally to $30, but 1"m not holding my breath that this will occur any time soon.
Gutter has been stuck in its current range for decades. Not even halfway to its non-inflation adjusted all-time highs. Wouldn't expect anything different. That's why they call it the gutter. RGDS!
The whole worlds off its rocker, buy Gold™.
They? You're the only one who calls it gutter.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
Yes. Volatility. Up 5 , down $5. Back and forth like that for ten years. A steady rise if you buy on the dips (or in the gutter)
See chart
If you like a roller coaster sell today. The long ride up or the fast drop down .... no twists or turns. The spike is a trigger , from my experiences. The gutter is the opportunity. What to do ? Buy-Sell-Trade. Dip your toes. Click your heels together and say " there's no place like home". 3 times now.
Simply the calm before the storm.
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volatility is great for profiting with paper trades.
SIVR
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
What storm are you alluding to? Is it the same one that's been circulating for the last 12 years? If so, don't hold your breath.
Things seem a bit different to me than the past decade, and sentiment could be changing. War mongering is on the rise, political divides and extremism in the news more often, commercial, government, and credit card debt continues to rise, Saudis may cut oil production even more to get oil back up. Plenty of storm clouds are brewing. I believe before mid-2024 will see an upside breakout in all precious metals.
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Not to mention much larger deficits and deficit spending and interest on the debt going asymptotic.
I knew it would happen.