The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
About 65ish atm. 100-110 is where it should settle once all the gutter manipulators are out. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@carew4me said:
riding ZSL down and will use profits to snag more phyzz . easy peasy japaneasy
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
@carew4me said:
riding ZSL down and will use profits to snag more phyzz . easy peasy japaneasy
Don't see that as very easy. Riding ZSL in a bull market that has turned choppy is a chore. The "ride down" was basically
done in one day.....1/31/26. Now it's chopping. Potentially a deeper C leg down still to come.
Silver is sitting right at upper cloud support. It could easily rebound right back to $95 first (chandelier exit). And while GLD, GDX, GDXJ have all filled their initial break down gaps from Jan 30th.....SLV has not. SLV has a big gap from $92-96....actually an Island Top. While Silver falling through the cloud to $55 support seems a reasonable path, I'd not be betting on it right away.
Armstrong's ECM model forecasts a confidence high the last week in June. That would fit well with a bottom in the PM's entering the July 4th period....a common reversal time period in PM's the past 15 yrs. Silver has already seen a 48% drop from the peak. Typically a 50% or 62% corrections is about as deep as it gets. It's corrected 60% from the main move starting at the April 2025 low through Jan 29, 2026 peak. The sharp 6 month uptrend line in silver has been tagged....but not broken.
@carew4me said:
riding ZSL down and will use profits to snag more phyzz . easy peasy japaneasy
Don't see that as very easy. Riding ZSL in a bull market that has turned choppy is a chore. The "ride down" was basically
done in one day.....1/31/26. Now it's chopping. Potentially a deeper C leg down still to come.
Silver is sitting right at upper cloud support. It could easily rebound right back to $95 first (chandelier exit). And while GLD, GDX, GDXJ have all filled their initial break down gaps from Jan 30th.....SLV has not. SLV has a big gap from $92-96....actually an Island Top. While Silver falling through the cloud to $55 support seems a reasonable path, I'd not be betting on it right away.
Armstrong's ECM model forecasts a confidence high the last week in June. That would fit well with a bottom in the PM's entering the July 4th period....a common reversal time period in PM's the past 15 yrs. Silver has already seen a 48% drop from the peak. Typically a 50% or 62% corrections is about as deep as it gets. It's corrected 60% from the main move starting at the April 2025 low through Jan 29, 2026 peak. The sharp 6 month uptrend line in silver has been tagged....but not broken.
ZSL will bite you hard. Choppy is fine. You have to jump in and out and never hold it over night. DYODD. Set your stops!
When silver basically traded in a slowly rising band for years, ZSL was not even a consideration.
That being said, I am in %100 long silver in 2026 and beyond.
@blitzdude said:
About 65ish atm. 100-110 is where it should settle once all the gutter manipulators are out. RGDS!
Oooof lolz
I am NOT spiking the football here. There will be significant dips I'm sure. Weeeeeee!
But if you truly follow fundamentals in this climate, you know
@jmski52 said:
Based on today's Kitco close, GSR = $5,278.20/$93.66 = 56.35
A GSR of 20 with Gold at $6,200 = $310.
My rational mind says that it's not possible, but the market seems to be saying otherwise.
It's rational imo. I monitor some forecasters with a good track record over the past 25 yrs. And $250-$350 silver
is certainly in their sites. But how about $9600 gold (also on the radar in an EW extension) which gives $480 silver at
a GSR of 20. The 46 yr silver pattern (symmetric cup + handle) is forecasting even higher silver in the future.....how many
years or decades though?
One guy I follow is looking for $165 silver by April before the summer doldrums kick in. And things could retrace all the way back to $55-$75. GSR has back-tested 72 which was impressive on its own. There's really no reason to try the 83 line either.
Comments
All good in the hood
COPPER is gutter !
Just hit 73.
Knowledge is the enemy of fear
Going much higher. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
This Morning.....................
$5,057.3/$83.61 = 60.48
I knew it would happen.
After it goes lower?
Loves me some shiny!
“Often wrong, but never in doubt.”
Funny how loud the crickets are in this place when silver is doing OK
COPPER is gutter !
the crickets were loud on the run up
once it crashed and even until now the crickets started
Bulls are still bullish (and correct,happy). Trolls are still trolls (and wrong,sad). Don't see much change.
Loves me some shiny!
“Often wrong, but never in doubt.”
About 65ish atm. 100-110 is where it should settle once all the gutter manipulators are out. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
riding ZSL down and will use profits to snag more phyzz . easy peasy japaneasy
Loves me some shiny!
“Often wrong, but never in doubt.”
THKS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Hey! Look who decided to crawl out from under his rock during a dip lolzzzzzz
COPPER is gutter !
china, taiwan, hk has lunar new year vacation all next week
Don't see that as very easy. Riding ZSL in a bull market that has turned choppy is a chore. The "ride down" was basically
done in one day.....1/31/26. Now it's chopping. Potentially a deeper C leg down still to come.
Silver is sitting right at upper cloud support. It could easily rebound right back to $95 first (chandelier exit). And while GLD, GDX, GDXJ have all filled their initial break down gaps from Jan 30th.....SLV has not. SLV has a big gap from $92-96....actually an Island Top. While Silver falling through the cloud to $55 support seems a reasonable path, I'd not be betting on it right away.
Armstrong's ECM model forecasts a confidence high the last week in June. That would fit well with a bottom in the PM's entering the July 4th period....a common reversal time period in PM's the past 15 yrs. Silver has already seen a 48% drop from the peak. Typically a 50% or 62% corrections is about as deep as it gets. It's corrected 60% from the main move starting at the April 2025 low through Jan 29, 2026 peak. The sharp 6 month uptrend line in silver has been tagged....but not broken.
ZSL will bite you hard. Choppy is fine. You have to jump in and out and never hold it over night. DYODD. Set your stops!
When silver basically traded in a slowly rising band for years, ZSL was not even a consideration.
That being said, I am in %100 long silver in 2026 and beyond.
Loves me some shiny!
“Often wrong, but never in doubt.”
Oooof lolz
I am NOT spiking the football here. There will be significant dips I'm sure. Weeeeeee!
But if you truly follow fundamentals in this climate, you know
COPPER is gutter !
Based on today's Kitco close, GSR = $5,278.20/$93.66 = 56.35
A GSR of 20 with Gold at $6,200 = $310.
My rational mind says that it's not possible, but the market seems to be saying otherwise.
I knew it would happen.
It's rational imo. I monitor some forecasters with a good track record over the past 25 yrs. And $250-$350 silver
is certainly in their sites. But how about $9600 gold (also on the radar in an EW extension) which gives $480 silver at
a GSR of 20. The 46 yr silver pattern (symmetric cup + handle) is forecasting even higher silver in the future.....how many
years or decades though?
One guy I follow is looking for $165 silver by April before the summer doldrums kick in. And things could retrace all the way back to $55-$75. GSR has back-tested 72 which was impressive on its own. There's really no reason to try the 83 line either.