Silver stocks finally starting to look buyable perhaps… Chartmaster, front and center.
Just look at them… SILV. PAAS. AG. SILJ. Silver down now 17 days in a row.
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I hope FGC is correct about MAG. I stepped into that one last week under 15. Only other I would consider is HL but not yet.
I bought some Hail Mary buys… PAAS. SILV. MAG AG
Maybe for a bounce. Silver could really let lose here, barring some sort of miracle reversal and positive weekly close. How likely is that to happen with the Fed jawboning and the market under pressure? I would say zero chance.
Maybe I am the perfect contrarian indicator at this point. I just don’t see any reason for silver or gold to turn around. Barring the Fed completely reversing itself, anyone thinking silver hits $30 this year is delusional.
Please someone educate me on what the catalyst for a low will be? For me its, either a 2008 style crash that will force the Fed’s hand. What else would do it? We’ve literally seen every possible tailwind gold and silver could have come to pass and silver especially has just been awful.
Compressed spring or rubber band concept
The single reason is the same as it ever was. When the manipulation ends, not if, but when, you won’t be able to buy at any price. No one can say when that will be, you just keep buying the dips, until it does.