JI
jimkane
Rep: 3,058
Posts: 33,089
Okay, no one has started the new topic, so here it is. Silver ready to hit 48, gold at another new all-time high, ES futures are up and rising, the Aussie is looking strong, CL another new high for the move, and working on that contract high. Same old, same old. 'Risk on'.
JA
jarek
Rep: 94
Posts: 3,474
Not much changed since my last visit - I would be a seller at this line:
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
Ahhh, I'm glad to hear you are okay. I was getting worried. I'm not used to you not posting unless you told us you were gone for vacation.
JA
jarek
Rep: 94
Posts: 3,474
History practically repeated itself on the way up in Silver:
Click image for original size
JI
jimkane
Rep: 3,058
Posts: 33,089
I'm starting to get cautious as early as in here, watching that SL and Fib area on CL, and everything else as they all near short-term areas...
JA
jarek
Rep: 94
Posts: 3,474
Originally posted by jimkane
Ahhh, I'm glad to hear you are okay. I was getting worried. I'm not used to you not posting unless you told us you were gone for vacation.
I forgot that you start earlier than us. Today is a holiday in Poland
JA
jarek
Rep: 94
Posts: 3,474
Gold hit the bigger measured move almost to the point:
Click image for original size
RA
rat89
Rep: 0
Posts: 7,015
abx is really something else....nice work roofer
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JI
jimkane
Rep: 3,058
Posts: 33,089
Somehow I just can't imagine the results going forward will be the same, though. Silver going back to 5 now? I'd love it, but I just can't imagine anything but $150 or higher. But, many minds I respect are calling for a deflationary depression and then hyperinflation, and if so, then silver would likely reach 5 again (and then what, a million?).
I'm in the hyperinflation collapses the entire system first which then breaks the back of credit and causes the deflation camp. But who knows. I will say, the chart you show is fascinating, and obvious to all, so I think it doing anything 'likely' is 'unlikely'. I can't wait to see the outcome. I just know my trading style is not to short this up here straight out. If it starts to drop and gives me a setup, that's another thing entirely. But straight off the 'top', not me...
I'm in the hyperinflation collapses the entire system first which then breaks the back of credit and causes the deflation camp. But who knows. I will say, the chart you show is fascinating, and obvious to all, so I think it doing anything 'likely' is 'unlikely'. I can't wait to see the outcome. I just know my trading style is not to short this up here straight out. If it starts to drop and gives me a setup, that's another thing entirely. But straight off the 'top', not me...
Originally posted by jarek
History practically repeated itself on the way up in Silver:
Click image for original size
