Goldtent TA Paradise

I have a very depressing silver chart

1. LibertyPathfinder says:

   November 11, 2018 - 10:11 am at 10:11 am

   Put up a poll.

2. North says:

   November 11, 2018 - 10:38 am at 10:38 am

   Shoot! Just use rubber bullets, please.

3. JSKauai says:

   November 11, 2018 - 11:15 am at 11:15 am

   Q-AG47 is coming to the rescue.

4. Jim says:

   November 11, 2018 - 12:00 pm at 12:00 pm

   Hell no…not unless you send me some ganja first.

5. silver fox says:

   November 11, 2018 - 12:00 pm at 12:00 pm

   Sure, we are all adults here. (sigh – although sometimes we don’t act like it)

6. Tbone says:

   November 11, 2018 - 3:37 pm at 3:37 pm

   Fully, you are asking because it’s related to Q, right?

7. Tbone says:

   November 11, 2018 - 3:40 pm at 3:40 pm

   $9 target?

8. DaveintheUK says:

   November 11, 2018 - 4:23 pm at 4:23 pm

   Yeah , looks like silver might still be in the early stages of a bear market in time if not in price.
   Does a log chart give a possibility of showing a price target? I mean, at least on a log chart, the price target can’t be less than zero, right?
   !!!

9. DaveintheUK says:

   November 11, 2018 - 4:30 pm at 4:30 pm

   Wow the long term chart is instructive. On the dollar “collapse from 1985-1987 silver doubled from $4.87 to $9.89 but never made it above $10. It outperformed gold from 1985-87 but only just since gold went from about $280 to $500 (less than a double) but overall way underperformed gold in the bear market since in that $$$ weakness was still 80% down from the $50 high at under $10.
   I still wonder if we will see either $890 gold 61.8% retracement of the bull market move (this would also equal the 21 January 1980 futures price high in gold) or $680 gold (2008 low). The equivalent low for silver would be $8.40 in that case (2008 low).
   I mean maybe we are being too pessimistic here but who knows? Last week’s closes were atrocious.

   • DaveintheUK says:

     November 11, 2018 - 4:34 pm at 4:34 pm

     Furthermore, I don’t really think that the upcoming dollar bear market is going to see much of a downmove in the US$.
     I mean not like the plummet form 160 to 85 in 1985-87, which wan’t nearly enough to see much positive action in godl and silver. If you look at gold in German Marks it did nothing from 1985-87. The gold strength from 1985-87 was merely a US dollar weakness illusion.
     So if the US dollar has a fairly mild bear market this time (let’s say it goes to 80 from the 103 peak – or even to 70) that is nothing like the 1985-87 drop.
     In that case don’t hold your breath for new highs in gold or silver on the next USD bear, due from now to 2024ish. Maybe have to wait for the 2032-2040 bear in the $$$.

10. DaveintheUK says:

    November 11, 2018 - 4:42 pm at 4:42 pm

    If it was to be a “typical” H&S measure move, the height of the head from the neckline is 49/11 or a factor of 4.5. Taking the neckline now around 15, the target would be …. $3.37 but it’s an upward sloping neckline so given time it won’t be that low.

    • Fullgoldcrown says:

      November 11, 2018 - 6:08 pm at 6:08 pm

      Hi Dave in the UK ..Its not the price that this chart is projecting so much as the time !

      sheesh

11. Jim says:

    November 11, 2018 - 5:39 pm at 5:39 pm

    Damn, I knew it would be depressing. Pass the bong please.

12. Tbone says:

    November 11, 2018 - 7:54 pm at 7:54 pm

    That is one sad chart.$9 .

13. Marcusjames says:

    November 11, 2018 - 8:31 pm at 8:31 pm

    Looks like silver will be worth less than zero. Ha, ha!

14. LibertyPathfinder says:

    November 11, 2018 - 11:11 pm at 11:11 pm

    Sweet an upward treand, lol.