Silver Mine Deficits set to Explode BIG in 2016 https://youtu.be/Y5R3meRGEgA
Another cartel smash as " someone" dumps 2 billion dollars worth of silver futures ( paper silver)
we all know that market orders , with no regard for price, is the best way to sell your investments lol
I think SLV has good support around the 16.5 area, and would be adding to these positions
PSLV 6.70
EXK ( still like long term but after poor report, would switch capital to) HL 5.16
AG 8.24 ( The most levered to silver price )
MVG 14.16 ( Symbol change ) MAG
SLW 19.22
I believe with the debt ceiling debate looming, and the FED behind the curve , this manipulation and price suppression scheme is coming o and end and I expect big moves in these names when this pullback ends in days, not weeks
we all know that market orders , with no regard for price, is the best way to sell your investments lol
I think SLV has good support around the 16.5 area, and would be adding to these positions
PSLV 6.70
EXK ( still like long term but after poor report, would switch capital to) HL 5.16
AG 8.24 ( The most levered to silver price )
MVG 14.16 ( Symbol change ) MAG
SLW 19.22
I believe with the debt ceiling debate looming, and the FED behind the curve , this manipulation and price suppression scheme is coming o and end and I expect big moves in these names when this pullback ends in days, not weeks
Keep on preaching brucefan..
fed and ecb behind the curve cause there there is no other choice.. that's their dirty little secret.. interest rate historical "normalcy" (3-4% interest rates) is a fairy tail can't happen now that they chose to go down this wreckless path..,too much debt and rates simply can't rise that much as growth is still anemic and interest payments become greater chunk of government expenditures as rates rise..
last 8 years of economic normalcy one big fairy tail built on central bankster manipulations
the end to latest "boom" (boom only for the elite who heavily vested in stock market) cycle is near..
fed and ecb behind the curve cause there there is no other choice.. that's their dirty little secret.. interest rate historical "normalcy" (3-4% interest rates) is a fairy tail can't happen now that they chose to go down this wreckless path..,too much debt and rates simply can't rise that much as growth is still anemic and interest payments become greater chunk of government expenditures as rates rise..
last 8 years of economic normalcy one big fairy tail built on central bankster manipulations
the end to latest "boom" (boom only for the elite who heavily vested in stock market) cycle is near..
I couldn't agree more with everything you said here , As I if wrote it .
My favorite interview of the week was with one Fed official who did admit this may just be the year they start to deal with their balance sheet
ointer:Not sell anything of course, but this will be the year they start discussing what the plan is
crazy manipulation in these markets but it just gives you a chance to scale in for more
COT open interest went to all time highs and down we go
Still lots of questions as to WHY #silver was viciously attacked for an unprecedented, 16 consecutive days.Here's your answer:pic.twitter.com/rWiJ5El555
COT open interest went to all time highs and down we go
Still lots of questions as to WHY #silver was viciously attacked for an unprecedented, 16 consecutive days.Here's your answer:pic.twitter.com/rWiJ5El555
.
Well; it was smart to get in around 6/sh; nice run last 2 days; gr8 call, as usual, I am still a tad red with this stock, but it's a long term play, am in Mag also, and got out of SSRI before name change to ssrm, to signify it actually gets more revenue from gold now than silver... ty for nice posts..gl
- First Majestic Silver Corp. (TSE:FR) (NYSE:AG) insider Todd Olson Anthony acquired 5,000 shares of First Majestic Silver Corp. stock in a transaction that occurred on Tuesday, August 8th. The shares were purchased at an average cost of C$7.63 per share, with a total value of C$38,150.00. This trade was viewed 52 times. Read More.
Silver is on the move as well. This Daily Silver Fibonacci Modeling Price chart is similar to the Gold Daily chart, yet it clearly shows the recent move, today, in Silver that generated a strong BUY trigger with support near $16.25 and targets near $17.75, $18.45 & $18.60. As long as Silver stays above the $16.25~16.40 level, it should attempt to expand higher over the next few weeks/months.
This Weekly Silver Fibonacci Price Modeling chart provides a larger view of what to expect with Silver. The current move is rather contained in comparison to the other price activity on this chart. Yet, take a look at the expansion ranges to the upside and the fact that today price action confirmed the upside (BUY) trigger. The upside targets are $19.50, $20.25 & 21.50.
This Weekly Silver Fibonacci Price Modeling chart provides a larger view of what to expect with Silver. The current move is rather contained in comparison to the other price activity on this chart. Yet, take a look at the expansion ranges to the upside and the fact that today price action confirmed the upside (BUY) trigger. The upside targets are $19.50, $20.25 & 21.50.
nothing to like in these charts and I have been stopped out on some of my Silver stocks . Just going to take more time. It seems that the cryptos have taken over as the small mans guide to bet against Fiat ( mistakenly IMO) Also much false optimism as to our current economic conditions, and our ability to raise rates . I will begin to add back to these positions shortly ( I only sold off about 25% to play some defense ) If the Fed does raise rates 3 or 4 times this year, and continues with their threat of trying to sell off their balance sheet, I look for a MIN , of 50 % market crash by the fall
If they change policy, and QE4 ( or whatever name they use this time) Silver will go ballistic, excluding all the favorable supply and demand issues
a little patience here will pay off
If they change policy, and QE4 ( or whatever name they use this time) Silver will go ballistic, excluding all the favorable supply and demand issues
a little patience here will pay off
Should be noted that the silver stocks may have hit a capitulation moment on Friday as massive selling hit the gold and silver miners even though the metals were not off that much . Big tail on Fridays candle showed big buying into the close
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