Forwarded from ⚡Silver Stackers⚡
The past couple weeks have seen consistent selling of Silver and gold related stocks in Asian markets.
Not exactly clear why, but it seems to be a rush for dollar liquidity with broad sell-offs in equities and non-energy commodities, including copper, aluminum, and other non-monetary commodities.
How much of that selling is being done by arab gulf states via Asian markets is not known at the moment, but it probably explains at least some of the selling pressure.
TL;DR Markets are crashing not unlike 2000 and 2008; and the earliest stage is a rush for dollars that drags Silver and gold down along with most everything else, followed by a redeployment of liquid capital into safe haven assets, at which point Silver and gold begin to blast off again.
This could be the last major dip for the foreseeable future.
Not exactly clear why, but it seems to be a rush for dollar liquidity with broad sell-offs in equities and non-energy commodities, including copper, aluminum, and other non-monetary commodities.
How much of that selling is being done by arab gulf states via Asian markets is not known at the moment, but it probably explains at least some of the selling pressure.
TL;DR Markets are crashing not unlike 2000 and 2008; and the earliest stage is a rush for dollars that drags Silver and gold down along with most everything else, followed by a redeployment of liquid capital into safe haven assets, at which point Silver and gold begin to blast off again.
This could be the last major dip for the foreseeable future.
Silver has been in a brutal consolidation ever since making an all-time nominal high of $121.64 on Jan 28th.
Since then we've seen price action form wedge patterns, with Silver one month ago breaking to the upside, and then one week ago breaking to the downside... and now we are riding the bottom of another wedge with the 200-day moving average providing a major support level if we break again to the downside.
This could be a rough couple of weeks as we see how far the broader market sell-off can drag Silver, gold, and other hard assets down with it.
The base case for Silver remains long-term bullish, however, with increasing industrial demand and ongoing supply shortages.
Enjoy this dip while it lasts. 💪🏻
t.me/SilverStackersSS
Since then we've seen price action form wedge patterns, with Silver one month ago breaking to the upside, and then one week ago breaking to the downside... and now we are riding the bottom of another wedge with the 200-day moving average providing a major support level if we break again to the downside.
This could be a rough couple of weeks as we see how far the broader market sell-off can drag Silver, gold, and other hard assets down with it.
The base case for Silver remains long-term bullish, however, with increasing industrial demand and ongoing supply shortages.
Enjoy this dip while it lasts. 💪🏻
t.me/SilverStackersSS
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In this video, Mike Maloney's nerdy little sidekick Alan Hibbard explains how (with very few exceptions) gold has typically recovered and continued higher within a few months anytime it has experienced a sharp weekly decline.
TL;DW this current sell-off in metals should be considered as temporary and a great buying opportunity for long-term Stackers.
t.me/SilverStackersSS
TL;DW this current sell-off in metals should be considered as temporary and a great buying opportunity for long-term Stackers.
t.me/SilverStackersSS
Forwarded from C Kyle
Been buying silver weekly at my LCS fairly consistently. These last few weeks have felt like a steal at ~$72 an oz, ironic since my average cost per oz was ~$27 last I checked.
Gas is a nightmare, though.
Gas is a nightmare, though.
Forwarded from X14
I don't know if anyone has already discussed this, but the Pentagon’s request for an unplanned $200 billion, combined with the economic fallout of this war on every country and the need to rebuild America’s munitions, planes, and military bases, makes high inflation almost inevitable thought deficit spending.
For now, precious metals miners are struggling because of the lack of available diesel. Even if they can get it, the extremely high price is eating into their margins, making it difficult to extract gold, silver, or platinum.
However, this situation is very positive for those who hold physical metals. With new supply severely restricted, the existing metal becomes significantly more valuable due to the reduced flow coming to market.
It remains a good time to dollar-cost average into physical silver and gold, as usual.
The only major caveat would be a severe deflationary event triggered by mass credit defaults and currency destruction. In such an environment, asset prices — including precious metals — would likely decline.
For now, precious metals miners are struggling because of the lack of available diesel. Even if they can get it, the extremely high price is eating into their margins, making it difficult to extract gold, silver, or platinum.
However, this situation is very positive for those who hold physical metals. With new supply severely restricted, the existing metal becomes significantly more valuable due to the reduced flow coming to market.
It remains a good time to dollar-cost average into physical silver and gold, as usual.
The only major caveat would be a severe deflationary event triggered by mass credit defaults and currency destruction. In such an environment, asset prices — including precious metals — would likely decline.
👌6
Forwarded from Plissken
We stack silver for a few reasons.
-To preserve value in a durable form, that can be passed on to posterity forever. It connects us with our past, and our future.
-To deprive and put pressure on nefairious tech jews. Silver is a valuable small market commodity they use to construct weapons and surveillance used against us, as well as vital infrastructure.
-To insulate ourselves from currency manipulation, inflation, revaluation, and speculation.
-To engage in commerce with others who wish to operate outside the fake and gay jewish markets.
-Because hoarding treasure is fun and easy to do. Plus, we will use it to build the thousand year Reich.
-To preserve value in a durable form, that can be passed on to posterity forever. It connects us with our past, and our future.
-To deprive and put pressure on nefairious tech jews. Silver is a valuable small market commodity they use to construct weapons and surveillance used against us, as well as vital infrastructure.
-To insulate ourselves from currency manipulation, inflation, revaluation, and speculation.
-To engage in commerce with others who wish to operate outside the fake and gay jewish markets.
-Because hoarding treasure is fun and easy to do. Plus, we will use it to build the thousand year Reich.
Forwarded from It's Führer Friday o/
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⚡Silver Stackers⚡
If the grid went down tomorrow, only physical things will matter. t.me/SilverStackersSS
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