Goldtent TA Paradise

GSR

1. Nautilus says:

   February 28, 2020 - 1:37 am at 1:37 am

   Yep, this is getting nasty now. A break below $17 means all scenarios are one the table. Sure, we can get a bounce at any time, but anyone saying they know how this is going to play out will be a liar. Just pick a number between 0 and $17 as a final target. That’ll work just as well as any technical analysis at this point.

2. Aurum Maximus says:

   February 28, 2020 - 1:46 am at 1:46 am

   Maybe we will see Ag under $10 again one day. If so, I will sell every brick of my home, every drop of my blood and every stitch of my clothing to buy as much Ag as possible. Then I will build myself a proper shit house and casket. 🙂

3. Nautilus says:

   February 28, 2020 - 2:03 am at 2:03 am

   The scary thing is $gold has barely corrected.

   • Patrick says:

     February 28, 2020 - 7:10 am at 7:10 am

     Silver touched 200 day sma over night… gsr at extremes… but still above inclining 12 month moving average. Fear really hitting confidence of even pm bulls… yet on the cupse of insane monetary easing… I guess chart will tell us in hindsight how correct our theories were.

4. red label says:

   February 28, 2020 - 2:44 am at 2:44 am

   And this in a country that used to be on the AG standard.

   Is it possible Europeans are selling all assets including $US SM Ag Au to go to Euro FIAT in response to possible Pandemic facing Europe? I’d want a little home town FIAT if I was in lockdown the EU?

5. Karl says:

   February 28, 2020 - 4:15 am at 4:15 am

   With all the germs on it, should cash in the hand even be considered a monetary instrument?

   The way that Fidelity (usually pretty well run) has glitches, the Canadian exchanges have to shut down, the way the bail-in legislation has gone through in multiple countries, the precedent of bank holidays long ago, and so forth, should cash in deposit even be considered a monetary isntrument?

   Gold with metal detectors, confiscations, taxes, and volatility in quoted prices, and the way many people don’t recognize it, has its problems.

   It is so much fun worrying! I think I am going to have a good time the next few days.

   • Karl says:

     February 28, 2020 - 4:31 am at 4:31 am

     But you are right about silver. Its market is so small compared to so many others that it can be easily moved with relatively small purchases or sales, even ones not intended to move the market.

     It is in fact of significant industrial importance. It will be hard to figure out whether companies will try to acquire and hoard a small supply or whether they are going to stop purchasing, figuring that it will become much cheaper, and that their own products aren’t going to sell.

     I would guess that many companies that normally buy Ag for production are feeling about as confused about making their purchasing decisions as I am in investing decisions right about now. They may be relatively paralyzed and not buying, waiting to see what happens next.

     People going for safe investments would probably be going primarily for treasuries and gold bullion after they’ve done all their domestic preparation basics.