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Today, or tomorrow, is likely to present the LAST great entry window to buy Gold & Silver. I am not sure how much of a pullback will occur, but anyone not yet in, or looking to add to positions, would be wise to do so. Gold near $5200 and Silver in the low $90’s or just below $90, represent good value, at this stage of the precious metal bull market.
Good call – got severely hammered today…
Hammered is right. I sold on Friday. Spidey sense. Chartsmaster never puts up charts. Just empty advice.
I wouldn’t wait to chase. Some good buys today.
I would not get too excited yet. My target on silver is 42.90 and that is 46 dollars lower than todays price. Its based on a Gartley pattern that has come into play with todays decline. All I will suggest is to be cautious for a few sessions before selling your house to trade higher. Silver can be vicious if it sells off as we have already seen.
I love it when the guy who has made nothing but terrible calls for the last 4 years has to troll my posts with nonsense because he is so bad no one responds to his garbage. I post charts of specific stocks. When I make calls on general markets, everyone can look at the chart I don’t need to post the obvious.
I have never seen a chart from you. Ever.
Why the hostility? People here try their best to be helpful, and snide remarks make absolutely no sense, especially when in response to simple statements made without any animosity whatsoever. Also, the floor on silver is pretty well established at well above $42.90 which would collapse the miners from a psychological standpoint. I think you might regret waiting too long to get in only to have to chase. My guess is that silver will most likely pop again and soon.
Hostility? You have never played hockey have you? LOL
I wasn’t aware we were playing hockey.
Of course its hockey. LOL 🙂 We are Canucks
About silver, yes 42.90 is the chart target. It will go there too if this corrective action has legs. Lets give it a few days to decide before jumping on pullbacks that might already be getting long in the tooth. I get the bullishness though. I am also a silver bull. But I don’t like this pattern setup I am seeing right now on the daily chart. It says warning, look out below!
If silver’s getting cut in half from here, Gold’s gotta have at least a 20% selloff also.
Additionally (rhetorically), since when has silver peaked relative to gold (GSR bottomed) and NOT been preceded by a big stock market sell off? 1930’s, 1974-75, 2009, 2020 ?
A market sell off is still in the cards and if that does happen, GOLD AND SILVER HAS NOT SHOT THEIR …. you get what I’m saying.
Think of how much silver is going to get snatched up with newly acquired gold (Dec-Jan GSR trades) if silver drops in the 60’s or below (GSR above 70) …. seriously.
Idiots (IMO), vicariously through my LCS are selling me their impaired (ever so slightly blemished) ASE’s in the hundreds AT SPOT right here, and they (my LCS) are being paid for with gold (acquired in January @ GSR 50), at an average effective GSR of 60 (20% free silver folks). Yes the GSR’s not 80+ as has been for MANY years in the past, but that time has gone, we’re in the multi-year end game. The GSR is going down again below 60 and likely to go below the recent low of 45 in the next several months or perhaps even a couple years – I’ll wait.