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Wattie

Wattie

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Delmonte said:
Oh yeah I’m holding the longs alright or at least most of them. Waiting for the big move up... Have some concurrent to trade, which has worked nicely recently. Just trying to remember it’s leveraged and not to over trade, need to leave enough spare cash in there to not get caught with pants down if there’s a really heavy drop...
So if we get a bounce, hopefully I can cash some out and keep the longer termers. Ta for the prediction :urock:
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Silvercat

Silvercat

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Wattie, I reckon you should do a bit of Aussie Gold hunting while you're down that way! These boys found 2 gold nuggets in one day in Victoria with a combined weight of 123 ounces. Worth up to $300k to a collector!
Think I'm gonna buy me a metal detector now I've got time on my hands.:dance:
 
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Wattie

Wattie

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8,640
Silvercat said:
Wattie, I reckon you should do a bit of Aussie Gold hunting while you're down that way! These boys found 2 gold nuggets in one day in Victoria with a combined weight of 123 ounces. Worth up to $300k to a collector!
Think I'm gonna buy me a metal detector now I've got time on my hands.:dance:
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I watched that, those guys work really hard and deserved the break they got. Fabulous find!
 
Froddy

Froddy

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Froddy

Froddy

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Froddy said:
@Delmonte there MAY be a broadening formation within a broadening formation on gold (spot), with upside potential, on the 4 hour chart:

In plain English, there MAY be a bounce early next week if you are still holding your gold (spot) positions - can't say it will happen ...
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@Delmonte gold (spot) is respecting perfectly the broadening formation (within a broadening formation) so far - squeeze is about to fire on the 4hr chart, just so you're aware ...
 
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Wattie

Wattie

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8,640
Froddy said:
@Delmonte gold (spot) is respecting perfectly the broadening formation (within a broadening formation) so far - squeeze is about to fire on the 4hr chart, just so you're aware ...
Click to expand...
On Thursday at Jackson Hole the Fed is expected to announce how it will keep the Ponzi scheme running. Specifically its expected to layout that it will allow inflation to run.
This ought to be metals positive as it confirms that it will do whatever it takes (print and print and print) to stop the entire charade from collapsing. It also will be confirmation that it intends to buy far more bonds (Corporate etc) and who knows.....stocks too.

Meanwhile in another attempt to maintain the ponzi,
https://www.zerohedge.com/markets/s...legal-proceedings-and-risk-factor-disclosures
- we have a relaxing of regulation.
 
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Delmonte

Delmonte

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878
Wattie said:
On Thursday at Jackson Hole the Fed is expected to announce how it will keep the Ponzi scheme running. Specifically its expected to layout that it will allow inflation to run.
This ought to be metals positive as it confirms that it will do whatever it takes (print and print and print) to stop the entire charade from collapsing. It also will be confirmation that it intends to buy far more bonds (Corporate etc) and who knows.....stocks too.

Meanwhile in another attempt to maintain the ponzi,
https://www.zerohedge.com/markets/s...legal-proceedings-and-risk-factor-disclosures
- we have a relaxing of regulation.
Click to expand...

Funny what happened with silver today... a very quick plunge and spike, down to 2640? and up to nearly 2800 very briefly, before settling back to low 2700s and now pretty much as you were, after Fed guy droning on in pretty much the expected vein. So we still await significant movements either way... Longs still open anyway, still waiting for the big move back to $30 plus...
 
Wattie

Wattie

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8,640
Delmonte said:
Funny what happened with silver today... a very quick plunge and spike, down to 2640? and up to nearly 2800 very briefly, before settling back to low 2700s and now pretty much as you were, after Fed guy droning on in pretty much the expected vein. So we still await significant movements either way... Longs still open anyway, still waiting for the big move back to $30 plus...
Click to expand...
Ignore the short term noise.
The long term path is set in stone.
 
Froddy

Froddy

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1,072
Delmonte said:
Funny what happened with silver today... a very quick plunge and spike, down to 2640? and up to nearly 2800 very briefly, before settling back to low 2700s and now pretty much as you were, after Fed guy droning on in pretty much the expected vein. So we still await significant movements either way... Longs still open anyway, still waiting for the big move back to $30 plus...
Click to expand...
What we saw today was price (unsuccessfully, and very quickly) testing both sides of an already established broadening formation. Nobody should enter a fresh silver (spot) trade until these lines are breached in either direction ...

 
Wattie

Wattie

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8,640
Rotten to the core. "Unexpectedly closed"
B'stard Bankers.
https://www.bbc.com/news/business-5...sp_IDIunRM_hHCYut8If5EuYxI_NBEqFRCsowGlwYFoQo

Think about this.. JP Morgan bank assets $3 TRILLION. Goldman Sachs $1.9 TRILLION. Bank Of America $2.5 TRILLION. Barclays $1.2 TRILLION. Wells Fargo $1.9 TRILLION. HSBC $2.7 TRILLION. Morgan Stanley $2 TRILLION.
Just these 7 banks hold more assets than the GDP of every country on Earth, except the US.

Politicians don't run the world, the above dictate everything......even the law.
 
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