Who is controlling the paper price of silver?
China? So, they ran it up and now they are running it down? Why? The plot thickens.
https://x.com/DonDurrett/status/1814204333023752298
GL
China? So, they ran it up and now they are running it down? Why? The plot thickens.
https://x.com/DonDurrett/status/1814204333023752298
GL
I think it is just following Copper which had a big time failed b/t at the neckline. Recessions everywhere. I made juiced cci to 89 with 21, 8 ema. the zero line acts as 100 day ma.
https://www.tradingview.com/x/kJNYoEKM/
https://x.com/i/status/1814284086237675534
Lynette Zang on China slowing
Sir Highroller,
China has been slowing and in a massive recession for a long time. Ghost towns. Builders going kaput.
Same for US. Honestly, I can’t tell whether the US is in a bigger recession or China?
Regardless, recession is a “narrative” as far as charting is concerned.
What happened to commodities like eggs, lumber, cocoa, orange juice … will happen to copper and silver and gold … out of the three, silver is the most undervalued, when adjusted for inflation.
“Third world” countries and continents: namely India, East Asia, Africa … have tons of infrastructure projects lined up.
Electricity: in a non-new-nuclear-plant world, the fallbacks are coal and copper.
So, let me plagiarize from an erstwhile Tenter who got deported by our founder boss:
What must one ignore to succeed in trading/investing.?
?BIAS – play what is happening, not what could happen
?EMOTIONS – listen to charts, not your emotions
?ALL OPINIONS – most have to be wrong at major turns
?NARRATIVES – many narratives are just made-up to have a story
GL
totally agree, housing up here in Canastan is very slow , the next year or 2 a huge chunk of mortgage refi are due so things are looking bleak. War will bring metals up as needed for the machine . VP Vance states that he wants to blow Iran off the map so down we go with general markets into the fall . I usually follow my indicator too and keep them simple as I can , 3 are enough for me.