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Gold breakout
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  1. #1
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    Default Gold breakout

    This gold breakout looks interesting. It cleared a lot of this multi year resistance. Things will get interesting. Seems like the gold market is possibly pricing in an eventual rate cut, fueling a gold bull market. Unfortunately, silver doesn't seem to be confirming this breakout, but things are at least starting to turn bullish.

  2. #2
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    Arrow A true gold breakout has yet to happen.

    Quote Originally Posted by chroNick View Post
    This gold breakout looks interesting. It cleared a lot of this multi year resistance. Things will get interesting. Seems like the gold market is possibly pricing in an eventual rate cut, fueling a gold bull market. Unfortunately, silver doesn't seem to be confirming this breakout, but things are at least starting to turn bullish.
    The silver spot price is artificial and not the result of free market activity.
    It has helped me recover my silver, which I did not think I'd be able to do, and for that I am thankful.

    With six times the US dollars in circulation combined with one sixth the global silver stockpile of 1980, how can silver be 30% of the 1980 (& 2011) peak spot price?
    MARKET MANIPULATION by banksters.

    Anyone who thinks otherwise is dumb.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  3. #3
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    Default

    With the Gold to Silver ratio now over 92, it doesn't appear that the large investors are concerned about where Silver is headed compared to Gold. Who knows, if gold is truly nearing a breakout, then that Gold to Silver ratio could exceed 100 again.

    Quote Originally Posted by silverheartbone View Post
    The silver spot price is artificial and not the result of free market activity.
    It has helped me recover my silver, which I did not think I'd be able to do, and for that I am thankful.

    With six times the US dollars in circulation combined with one sixth the global silver stockpile of 1980, how can silver be 30% of the 1980 (& 2011) peak spot price?
    MARKET MANIPULATION by banksters.

    Anyone who thinks otherwise is dumb.
    I'm a proud member of Eggshellman's Liar, Shill, and bully club and a new member of the Super Jew Defense League!!!

  4. #4
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    Question Silver's dollar denominated rather than dollar numerated?

    The Bitcoin chart displays what I consider a breakout.

    Quote Originally Posted by valerb View Post
    With the Gold to Silver ratio now over 92, it doesn't appear that the large investors are concerned about where Silver is headed compared to Gold. Who knows, if gold is truly nearing a breakout, then that Gold to Silver ratio could exceed 100 again.
    I think that you are right. Silver will be "noticed" only after it "breaks out", which could very well be after a 100 SGR has been surpassed. Which is crazy.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  5. #5
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    Question Might the availability be tight because China isn't letting any more come here?

    Expect silver to lag gold price by 6-months



    I hope so, I plan to obtain 115 ounces over the next 6 months.


    2019 SILVER TO BUY LIST (115 ozt)
    10 x 30 x 1g rnds [10 Ebay]
    Barber coin sets [2 Ebay]
    $70 face junk [50 BGASC]
    random 5 ozt bar @ spot [5 BGASC]
    2019 American Ag Eagles [28 BGASC or SDBullion]
    2019 Libertads & Phils [20 SDBullion]


    All last year and through February this year I was buying the lots of 30 x 1g fine silver rounds for $24.74 using the 5% additional discount for every 4 sets purchased.
    https://www.ebay.com/itm/Indian-Lot-...1/222279409149
    https://www.ebay.com/p/30-X-1-Gram-9...e328/931714322
    https://www.ebay.com/itm/Lot-of-30-1...9/232111882513
    https://www.ebay.com/itm/Lot-of-30-1...8/222279612344
    https://www.ebay.com/itm/Buffalo-Lot...6/222279467086
    There were dozens of designs.
    Now that I'm ready for my final buy of them, I'm having a hard time finding any.
    Instead there are lots of 10 rounds at almost $2 each.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  6. #6
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    Lightbulb Disclosure: PMs never move with respect to fiat, it's just the opposite.

    I believe once gold's price pushes past $1420 per ozt, and stays there, then silver's price will move to $20 in short order, and the SGR will leave the 90s forever.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  7. #7
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    Exclamation most long in a decade

    You know this almost looks as if a breakout could be forming .

    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  8. #8
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    Question Oh well.

    Now?
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  9. #9
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    Thumbs down total BS

    Quote Originally Posted by silverheartbone View Post
    Now?
    Nope. Still totally controlled. No kind of free market would move that sharply then stop on a dime.
    50-50 chance that the kitco.com silver spot chart posts some sub $17 trades next week and if I had to make an even money bet, I'd say yes sub 17 silver spot in the near future.
    "I foresee little future in 'the price of silver', I see a huge future for 'the price in silver'." - heartbone
    "The truth is called hate by those who hate the truth." - K

  10. #10
    Join Date
    Feb 2011
    Location
    Treasure Valley, Idaho
    Posts
    849

    Default

    Quote Originally Posted by silverheartbone View Post
    Nope. Still totally controlled. No kind of free market would move that sharply then stop on a dime.
    50-50 chance that the kitco.com silver spot chart posts some sub $17 trades next week and if I had to make an even money bet, I'd say yes sub 17 silver spot in the near future.
    I think the bull is back. GSR 84 as I write this. Was 93 in July. Also the gold to platinum ratio is at all time lows. I bought 5 RCM 100'S in July and traded them back for low premium AGE's a couple of weeks later. And now gold has soar ever further, so I took one of those AGE's and traded it for 1 and a half platinum eagles and 5 silver kangaroos. But now silver rages back.....

    When I was growing up in the 90's local news would report the closing price of PM's. I remember early on in the 90's they would price gold and silver but never platinum. But a couple of years later they also started listing platinum with the PM's and I had notice the platinum spot was higher than gold spot by about 10-25% pretty consistently over the next couple of decades with some whipsaws here and there. But now platinum is at all time lows vs gold.

    I really have to say that I regret trading for a half platinum versus more silver kangaroos. I will be blown away if the GSR gets into 100+. I do think thought its entirely possible it does so but it won't be for very long. I just did the platinum hedge because I do intend to move and physical storage of silver can be quite a task.

    The days of sub $20 ASE's might be gone. I hope not because I want more.....

    I hope JPM has 148 million ounces. Suppress all you want, I buy even more fucktards!

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