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Old 07-19-2019, 09:02 AM
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https://srsroccoreport.com/silver-br...nt-key-levels/

The chart part way down looks at the 50 month moving average at $16.22 and 200 month moving average at $16.76 as two of the major areas of resistance. We have sailed by the 50 month moving average nd currently sitting at ask $16.61 we are closing in on the 200 month moving average.

SRSrocco thinks the move once we pass the 200 month moving average silver should sail towards the $21.35- 21.50 with quickly.

That would be exciting and justify my silver stash that I have been sitting on for up to a decade.
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Old 07-19-2019, 09:05 AM
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Ag $16.61 Ask at this time. Up $0.19 cents.
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Old 07-19-2019, 10:18 AM
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Originally Posted by sierra skier View Post
https://srsroccoreport.com/silver-br...nt-key-levels/

The chart part way down looks at the 50 month moving average at $16.22 and 200 month moving average at $16.76 as two of the major areas of resistance. We have sailed by the 50 month moving average nd currently sitting at ask $16.61 we are closing in on the 200 month moving average.

SRSrocco thinks the move once we pass the 200 month moving average silver should sail towards the $21.35- 21.50 with quickly.

That would be exciting and justify my silver stash that I have been sitting on for up to a decade.
I am not a big fan of chart reading but cause. That said it seems to me the price is looking for a new channel to trade in. The 14.35 was too low so the next bottom was 14.57. Will it run below 16.36 or 16.75 range. There are a lot of stop points before we get the the 21 range. IMO

Connect your idea with a reason and I might agree but I see none other than a settling fair market value range.
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Old 07-19-2019, 10:38 AM
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Charts are not rules but are guidelines
They are patterns, but not laws of physics
Regardless, if it goes north of $20
I am liquidating
If it went to $50 after that I would not care as one thing a do know, is that no one knows where the top is for PMs or stocks
I will buy back in if it ever crashes again
Right now is the time to buy ARs, uppers, lowers, primers, powder, bullets, .22 LR, ammunition, whatever
This may be a bottom
No one knows where the bottom is for PMs and stocks either, except if the stock goes kaput.
Silver down at $16.10 as I type/fiddle away

Last edited by Jack Swilling; 07-23-2019 at 09:03 AM..
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Old 07-19-2019, 05:10 PM
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Charts in a rigged market.
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Old 07-19-2019, 09:07 PM
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Charts in a rigged market.
The idea is to stop bellyaching about a rigged market and make money anyway.
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Old 07-23-2019, 09:02 AM
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$16.51

Seems like $16 has been conquered
Up next $17
Will be great to see support at $17 plus
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Old 07-23-2019, 10:07 AM
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$16.53
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Old 07-23-2019, 10:24 AM
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You people can thank me. Just as I got to the point of adding to my coin collection the price started increasing. LOL
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Old 07-23-2019, 10:42 AM
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$16.53
We are again approaching the 200 month moving average which is the last major resistance until the $20 range. The GSR is also dropping as silver takes the lead in the bull PM market. GSR at 86.80 down from the 94-1 range just a week or two ago.
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Old 07-23-2019, 11:22 AM
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Wooo hoooo, if we get another dollar rise in price I'll actually break even with my investment....
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Old 07-23-2019, 05:08 PM
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Wooo hoooo, if we get another dollar rise in price I'll actually break even with my investment....
If you thinks it’s a dollar rise, you’re mistaken.
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Old 07-23-2019, 06:27 PM
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Originally Posted by sierra skier View Post
We are again approaching the 200 month moving average which is the last major resistance until the $20 range. The GSR is also dropping as silver takes the lead in the bull PM market. GSR at 86.80 down from the 94-1 range just a week or two ago.

Well, war is always bullish for the metals.
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Old 07-24-2019, 08:49 AM
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Ag $16.67 Ask at this time. Up $0.20
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Old 07-24-2019, 10:50 AM
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I think silver bumped the 85-1 GSR handle this morning. That is down from the 95-1 GSR we saw just shortly ago.

It has been a long time coming for the metals to rise like this.
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Old 07-24-2019, 11:56 AM
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Quote:
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I think silver bumped the 85-1 GSR handle this morning. That is down from the 95-1 GSR we saw just shortly ago.

It has been a long time coming for the metals to rise like this.
Chart reading is a function of picking the time period and move amount.

Why do you believe silver is moving up?

Everyone posting here seems to be celebrating the recent up trend as am I but why is it moving up?
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Old 07-24-2019, 12:06 PM
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Gold, silver rise sharply in Asia, momentum carries over to London and U.S. trading
Posted on July 24, 2019 by Daily Market Report
(USAGOLD – 7/24/2019) – Gold rose sharply during Asian trading hours on revived safe-haven buying prompted by a range of concerns from Taiwan independence to the future value of the dollar. Up as much as $10 during Asian trading hours, momentum carried over to London trading and U.S. futures market open. It is now up $9.50 on the day at $1426.50. Silver, not to be denied, is up another 24¢ this morning at $16.59. Underlying the strength in both metals is the trend to lower rates globally and speculative short liquidations and fresh purchases in the paper gold market.

“The U.S. dollar (USD) has been the world’s dominant reserve currency for almost a century,” says JP Morgan in a recently released client advisory. “As such, many investors today, even outside the United States, have built and become comfortable with sizable USD overweights in their portfolios. However, we believe the dollar could lose its status as the world’s dominant currency (which could see it depreciate over the medium term) due to structural reasons as well as cyclical impediments. As such, diversifying dollar exposure by placing a higher weighting on other currencies in developed markets and in Asia, as well as precious metals makes sense today.“

https://www.usagold.com/cpmforum/
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Old 07-24-2019, 12:21 PM
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Originally Posted by Jack Swilling View Post
Gold, silver rise sharply in Asia, momentum carries over to London and U.S. trading
Posted on July 24, 2019 by Daily Market Report
(USAGOLD – 7/24/2019) – Gold rose sharply during Asian trading hours on revived safe-haven buying prompted by a range of concerns from Taiwan independence to the future value of the dollar. Up as much as $10 during Asian trading hours, momentum carried over to London trading and U.S. futures market open. It is now up $9.50 on the day at $1426.50. Silver, not to be denied, is up another 24¢ this morning at $16.59. Underlying the strength in both metals is the trend to lower rates globally and speculative short liquidations and fresh purchases in the paper gold market.

“The U.S. dollar (USD) has been the world’s dominant reserve currency for almost a century,” says JP Morgan in a recently released client advisory. “As such, many investors today, even outside the United States, have built and become comfortable with sizable USD overweights in their portfolios. However, we believe the dollar could lose its status as the world’s dominant currency (which could see it depreciate over the medium term) due to structural reasons as well as cyclical impediments. As such, diversifying dollar exposure by placing a higher weighting on other currencies in developed markets and in Asia, as well as precious metals makes sense today.“

https://www.usagold.com/cpmforum/
Yep that is what JP Morgan is saying to sell its products.

Now what is the truth?
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Old 07-24-2019, 01:47 PM
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Ag $16.68 Ask at this time. Up $0.21
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Old 07-24-2019, 07:42 PM
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The metals aren’t rising. Something else is falling. And it takes more of them to buy the metals.
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