Calling a market top here. Silver

[CrazyTrader55]

Silver has had one hell of a run. I'm calling a top right now.

SLV closed at $105.

Another board I read, there is an investor who is the epitome of a do-it-yourselfer who has been consistently wrong and late for at least a decade. I saw that this person has been dabbling in silver for a month or two and made a recommendation on it.

Run for the hills.

 

[Votto]

A top?

We have had buffoons running the Swamp for decade after decade, running up debt and trashing the economy in the process cuz everything has to be "free" don't ya know.

Silver won't stop climbing, and never will. It is a mind numbingly sure thing to invest in it.

 

[CrazyTrader55]

A top?

We have had buffoons running the Swamp for decade after decade, running up debt and trashing the economy in the process cuz everything has to be "free" don't ya know.

Silver won't stop climbing, and never will. It is a mind numbingly sure thing to invest in it.

A top?

We have had buffoons running the Swamp for decade after decade, running up debt and trashing the economy in the process cuz everything has to be "free" don't ya know.

Silver won't stop climbing, and never will. It is a mind numbingly sure thing to invest in it.

Well you're right on one thing - the buffoons running the swamp. Now... onto your silver analysis.

"Silver will never stop climbing".

It will, when there are more contracts out on it (way more) than physical silver that can be delivered. And I am not a commodities expert - I got that information right here on this board.

Secondly - ever hear of the Hunt Brothers in 1980?
If not, you better read up on what happened.

By the way SLV is down 15% overnight!

 

[Votto]

Well you're right on one thing - the buffoons running the swamp. Now... onto your silver analysis.

"Silver will never stop climbing".

It will, when there are more contracts out on it (way more) than physical silver that can be delivered. And I am not a commodities expert - I got that information right here on this board.

Secondly - ever hear of the Hunt Brothers in 1980?
If not, you better read up on what happened.

By the way SLV is down 15% overnight!

Sure, short term it goes up and down in price like everything else, but the trajectory is always up and up and up, especially the higher the inflation caused by government policy, that is a no brainer.

 

[CrazyTrader55]

Sure, short term it goes up and down in price like everything else, but the trajectory is always up and up and up, especially the higher the inflation caused by government policy, that is a no brainer.

We shall come back to this post in 6 months and see who's right.

 

[Toddsterpatriot]

Silver has had one hell of a run. I'm calling a top right now.

SLV closed at $105.

Another board I read, there is an investor who is the epitome of a do-it-yourselfer who has been consistently wrong and late for at least a decade. I saw that this person has been dabbling in silver for a month or two and made a recommendation on it.

Run for the hills.

Damn!

Good call.

 

[percysunshine]

We need more of this. Wipe out the idiots.

 

[luiza]

I called it long around $20 for Silver, with Gold under $1900 and I have been collecting Kilo Bars and Gold ever since .
The Silver Price topped at just under $120 and now there is a huge correction as the climb over the last few days has been absurd.
Longer term, the top for Silver lies between $500 and $1000 .
First we need to see the complete collapse of the $US and Equity markets .
That scenario is close .

 

[egp320i]

Silver has had one hell of a run. I'm calling a top right now.

SLV closed at $105.

Another board I read, there is an investor who is the epitome of a do-it-yourselfer who has been consistently wrong and late for at least a decade. I saw that this person has been dabbling in silver for a month or two and made a recommendation on it.

Run for the hills.

peaked at 115 and crashed down to around 80

 

[CrazyTrader55]

Thanks guys! We'll see what happens now. Reversal back up? Or more declines?

 

[luiza]

Thanks guys! We'll see what happens now. Reversal back up? Or more declines?

You need to first imagine a time frame and relate it short term to further manipulation by the Settlement Bankers , and then to the Re-Set .
There is no doubt it will move longer term to at least $500 and even much higher.

We are currently at the beginning of WW3 and you need to distinguish between short term Trading factors and longer term Investment potential

 

[Cassandro]

peaked at 115 and crashed down to around 80

Irrefutable evidence of paper market manipulation by big banks covering their short positions, while real demand remains high. The question is whether small investors will abandon this crooked game.