Goldtent TA Paradise

SLV SENTIMENT IN THE TOILET

1. Isarmina says:

   June 21, 2021 - 11:19 am at 11:19 am

   If that’s anything like put/call ratio for the $SPX, that’s commonly associated with a price reversal. For how long? Don’t know.

2. Nautilus says:

   June 21, 2021 - 11:48 am at 11:48 am

   We may bounce a bit now, but I am sticking to my call that we won’t see a real breakout of silver above $30 until the fall or possibly as late as spring 2022 (basically 3-9 months from now is my window—which is admittedly pretty wide), and that it will tag its rising 100 WMA before beginning that breakout. I hope I am wrong, but history would support such a continued grind.

3. Banimal says:

   June 21, 2021 - 2:53 pm at 2:53 pm

   Hey Nautilus, so I assume you don’t think Basel III will affect silver and the derivatives holding it down? I’m just wondering your view on Basel III. Thanks,
   Banimal

   • Nautilus says:

     June 21, 2021 - 11:09 pm at 11:09 pm

     Nope, I don’t think Basel III will amount to anything. If anything, they will smash silver and gold lower to confound bugs. It’s not like the banks haven’t had ages to prepare/hedge.

     I’ve heard that Comex is about to go bust for 25 years, and yet it’s still here. I’m sure at some point it will go bust, but guessing when is a fool’s game. Same thing with these supposed market moving events. They never amount to anything. But I am jaded after all these years.

     To me, this is more a matter of price and time. Silver could go sideways in a large range for up to 2 years. We are not even 1 year into this consolidation.