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Silver Ultra's be all red headed and shouting "tomorrow tomorrow, it's coming tomorrow, tomorrow is only a day a way"
Love hearing the old silver demand will go through the roof banter
This has been years now
So when will it happen?
"Been saying lately that $SILVER will break out soon, and that it is a GENERATIONAL opportunity on the breakout. It is now breaking out.
Note the two marked, previous breakouts of similar weight.
Should get a massive move here once again."
https://twitter.com/graddhybpc/status/1775801989298876660
Max the cavemen have been saying that since God created the earth and a dinosaurs called fres roamed the earth and breathed fire but now its just hot wind..I really hope fres keeps going..personally I am waiting for rest of the data this week before committing more.
"$30/ounce #Silver next week?"
https://twitter.com/goldseek/status/1775536722111021342
"Silver seems to be breaking out.
$26.25 …
It’s been stuck below $25 forever."
https://twitter.com/WallStreetSilv/status/1775269471185432662
@FOG
FRES is a different trade for me. I remain invested and average in an out, lowering averages over time toward £Zero. Taking a while here but the plan is intact.
Each breakdown add and have patience, eventually it will turn. Of couse I will trim at 509 (today) but will readd or trim more depending on the trade. The core remains intact.
How many tranches you need to add does not matter as long as you exit higher than the entry. Rinse repeat, job done.
Regret investing in FRES, not at all but should have stuck with Billiton instead.
"...gold is becoming expensive"
the indicator is that fiat money to buy it is losing value ...and it is that..that makes gold look expensive
The US Treasury has borrowed $2 trillion from its own people with higher short term rates, in the hope that rates would come down and they could replace it with cheaper longer term rates....that plan isn't working just yet, as rates are staying stubbornly high for longer
The US is creating huge amounts of debt, yet the economy isn't producing the growth % to come close to the debt payment needed against that debt ...especially when you take out the affects of inflation
Last month US Govt spending was TWICE the amount of tax receipts
The precious metals recycling especially gold will be loving this. The physical gold buying outside of China has collapsed. This is a paper gold price not a physical buy. It is one thing to have daily overbought at 80 RSI to have the weekly over 75 is nuts. The miners will get hit if the jewellery business stops taking gold orders. The rise is to much to soon. A semi detached house in many parts of southern UK is now under 400 ounces last arose back in 2011. An indicator that gold is becoming expensive.
Fog
I overbought to start. I am now on my comfortable limit and made a bit.
Somehow, I believe in silver breakout and miners following this time. One of my top holdings, Avino Silver, moved 21% up yesterday. I would not touch FRES until the price reaches the 600-700 range, or even higher, depending on how silver goes. One caveat of short-term trading is occasionally missing the real move.
Montofino, Tony and Mary, not much faith in FRES to flip it that quickly then? 😂
About time this moved! Took long enough. Let's see how the data impacts PM price this week.
Bought in at 446. Offloaded 25% today. Will be keeping the rest.
Taken a chunk off for nearly 8-10% profit. This look a top of the market peak going through. Still have a good slice on and watching where this goes.
450p not 4500 lol (even I am not that bullish)
All we need is a breakout on FRES to go to £6. Silver heading to $28 again it seems.
The 440 / 4500/ 462 purchases looking trimmable around 540/560p later in the week.
Good call, Max!
"Been saying for 13 weeks that #gold has a blue mega breakout.
Now also #silver has a blue mega breakout."
https://twitter.com/graddhybpc/status/1775064909857824775
Pen oles on a rip today
"Silver is above $25"
As it was last December, amazing I know.
Gold and silver breakout.
Silver is above $25.
"With #Gold at all-time highs, #Silver is just following the roadmap (as it should)."
https://twitter.com/NorthstarCharts/status/1773345185147081132
Gold well above $2,200 and FRES languishes in the mid £4.xx. Too many better opportunities out there. Is Gerald Ratner still around???
Let's see if they make me eat my words :)
https://x.com/bonker_99/status/1773301371246199073?s=20