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You must be a glutton for punishment. Silver miners getting thrown out in the trash. Many are going to be hitting new lows tomorrow if we continue down. Today I was wishing I never bought any of these.Buying HL MAG and SILJ.
You must be a glutton for punishment. Silver miners getting thrown out in the trash. Many are going to be hitting new lows tomorrow if we continue down. Today I was wishing I never bought any of these.
Rather buy on down days than up days. We can go lower I will add. Still a very small position comparatively.You must be a glutton for punishment. Silver miners getting thrown out in the trash. Many are going to be hitting new lows tomorrow if we continue down. Today I was wishing I never bought any of these.
Here is Hemke weighing in on the same topic. Short article, but worth the read imo:This was an interesting post that shows that GDX is VERY highly correlated with the price of Silver NOT Gold. Gee why might that be? Because the MM's set the algo's to manipulate it that way I'm sure. Silver is the most manipulated price on the planet so it's in there interest to tie All the miners to that price as well.
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
Here is Hemke weighing in on the same topic. Short article, but worth the read imo:
https://www.sprottmoney.com/blog/comex-silver-gdx-June-20-2023
Closet Silver Bull.Bottom Picker's Anonymous.
In the '90s army everyone was tested on this distance. 14:30 to merely pass and 11:45 for max-score bragging rights.2 sub 4 minute miles back to back is amazing. New WR and he looks like me if you get my drift.
This is NOT investment advice... But anyone who thinks there is a plan running and trump is in charge.
Buy yourself some BBBYQ for like a quarter. I don't care if you throw $10 into it. But I believe there is a plan in place for a restructuring buyout. The deadline for bids is looking like June 1st. Not all brokers will even allow you to buy it but if you can and know how to trade stocks it's Well worth the shot IMO.
Enjoy the Show
Silver could be heading to $21 before this downmove is over. Not a prediction, just a realistic target.
Tomboys are the best.These women are pretty fast as well.
U.S. stocks opened lower on Thursday, leaving the market on track to extend the longest streak of daily losses since early May, as investors digest a flurry of central-bank rate hikes while Federal Reserve Chair Jerome Powell returns to Congress to testify for a second day.
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Hawkish central banks were front of mind for investors on Thursday, as the Bank of England and a flurry of other central banks hiked interest rates to try and combat stubborn inflation, raising fresh doubts about the outlook for global economic growth.
Stocks in Europe and the U.S. sold off Thursday, with the STOXX Europe 600 SXXP, -0.53%, a benchmark of large-cap European companies, down 0.8% at 453.39.
“The global growth outlook is deteriorating quickly as major central banks are delivering more rate hikes and signaling that more tightening is coming. Aggressive tightening from here on out will torpedo the economy,” said Edward Moya, senior market analyst with OANDA, in emailed commentary.
Meanwhile, Fed Chair Powell returned to Capitol Hill for the second day of his biannual testimony, which will see him answer questions from members of the Senate Banking Committee.
“Nearly all FOMC participants expect that it will be appropriate to raise interest rates somewhat further by the end of the year,” Powell said in prepared testimony released shortly before the start of his testimony before the House Financial Services Committee on Wednesday.
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FYI the DSI daily sentiment indicator for Silver is 12. It goes form 0 to 100 with 100 being full out everyone is bullish. Highest I have ever seen this for Silver was 97 and that always marked a major top. Not fool proof but that what it is currently. So sentiment favors buying.
No volatility at all. Just straight down.Volatility is actually quite low on PM's, adding to the attractiveness of the trade for now.
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