Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more. You can visit the forum page to see the list of forum nodes (categories/rooms) for topics.
Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!
Wolf.
Is "expecting a launch" like being almost pregnant?Wolf.
Sober? He predicted $200 Silver by the end of this year. That's bat$hit crazy talk.You wanna like Oliver, I've heard all the gurus over the years and he comes off as sincere and sober, projects credibility etc plus he looks like Michael Caine and I'm a Michael Caine respecter.
The problem is like the others he's wrong all the damn time.
Damn I missed the $200 call, that IS crazy. I do note he is wrong AF, all the time.Sober? He predicted $200 Silver by the end of this year. That's bat$hit crazy talk.
Sometimes a launch can experience a rapid unscheduled disassembly as in this case.Is "expecting a launch" like being almost pregnant?
Covers some salient points
I forgot the month end close would be before the weekly. Good point. We tested the all-time high overnight but that's not enough. A little bit of consolidation / building pressure here is needed.
FX Empire said:...
Looking ahead to this week, the outlook for silver remains cautiously bullish. The market is currently pricing in a high likelihood of unchanged interest rates in the Fed’s December meeting. However, traders will be closely watching for key economic reports, including November’s jobs report and the consumer price index, which could influence the Fed’s decision-making and thus impact silver prices.
Moreover, global economic indicators, particularly the state of the manufacturing sector in the U.S. and inflation trends in the Eurozone, will play a crucial role in shaping this week’s market sentiment. Currency movements, especially the dollar’s performance against major counterparts, will also be a critical factor.
In summary, while last week’s rally in silver prices was driven by a confluence of Powell’s remarks and favorable economic data, this week’s outlook hinges on upcoming economic reports and continued monitoring of the Fed’s policy stance. The market is poised for a bullish trend, but with a watchful eye on any new data that might sway investor sentiment.
I have scaled out of a couple of slv calls that expire in January and have just become profitable. Never wrong to take some profit off the table.As overbought as we are in gold/silver, the Dollar looks like it has further to fall yet before it bounces. Same with 10-year treasury yields. I think we have a green light for more upside yet before we get a pullback in gold.
Still holding my January GDX calls. Feeling like a hot potato right now.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?