PMs dumping hard today

[madfranks]

Gold down $15, silver down almost $0.60. It's been a while since we've seen $15 silver.

[ximmy]

I'm expecting a low (we have to be near it), then a broad slingshot.

[Joshua01]

I agree with Ximmy but it really makes no difference to me how many FRNs are associated with an ounce of gold and silver at any given time. It's all fake and manipulated anyway. The true value of PM's never changes, just the numbers associated with it. Wealth preservation is the only real reason to invest in PMs IMHO, not profit or loss!

[madfranks]

I agree with Ximmy but it really makes no difference to me how many FRNs are associated with an ounce of gold and silver at any given time. It's all fake and manipulated anyway. The true value of PM's never changes, just the numbers associated with it. Wealth preservation is the only real reason to invest in PMs IMHO, not profit or loss!

Are you buying or planning to buy any PMs in the near term? If so, the price should matter. I want the most bang for my buck.

[osoab]

I'm expecting a low (we have to be near it), then a broad slingshot.

What are drinking? I would like to sample that stuff.

[Horn]

What's the problem, you've got Bitcoin.

Bitcoin can microwave entire continents.

[ximmy]

What are drinking? I would like to sample that stuff.

I posted about it here:
Gold, Silver and the Economic Confidence Model (http://gold-silver.us/forum/showthread.php?95501-Gold-Silver-and-the-Economic-Confidence-Model)

[Horn]

Does it include a better description of what a broad slingshot is, i aint up on those financial type terms.

Is it like a bullhorn march?

Or a black swansong

[osoab]

I posted about it here:
Gold, Silver and the Economic Confidence Model (http://gold-silver.us/forum/showthread.php?95501-Gold-Silver-and-the-Economic-Confidence-Model)

Looks like gold is ready to go to the crapper then. Wilver will only fall further.

[ximmy]

Does it include a better description of what a broad slingshot is, i aint up on those financial type terms.

Is it like a bullhorn march?

Or a black swansong

https://cdn.thisiswhyimbroke.com/images/hunting-slingshot.jpg

[osoab]

https://cdn.thisiswhyimbroke.com/images/hunting-slingshot.jpg

You'll shoot your eye out kid.

[osoab]

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/07/05/20170707_macro1_0.png

[Joshua01]

no no, that's a broad WITH a slingshot!
https://cdn.thisiswhyimbroke.com/images/hunting-slingshot.jpg

[Horn]

This thread is getting better. :)

[Horn]

Looks like gold is ready to go to the crapper then. Wilver will only fall further.

Hasn't gold always been flated to do just that all over Silver?

Well since like recent swansongs and broader slingshots.

[Neuro]

This thread is getting worse. :)
I couldn't agree with you more!

[Joshua01]

This thread needs more umph!

https://s-media-cache-ak0.pinimg.com/736x/97/ef/96/97ef9660172de00af87b928677365ffc--beautiful-curves-sexy-curves.jpg
I couldn't agree with you more!

[Horn]

She must have titanium heels, not gold or silver.

[jcismylord]

Are you buying or planning to buy any PMs in the near term? If so, the price should matter. I want the most bang for my buck.

I've been buying quite aggressively and managed to perfectly time the silver dip at 15.34.

[ximmy]

Peak hype, peak desperation, all selling in the streets with little buying… we are not technicians and do not focus on sentiment… but this description sounds like the definition of capitulation.
We would think that by now, the hypsters have about exhausted their credibility, having predicted 100 of the past zero moonshots since 2011. Of course, even if now is the price low, these stopped clocks are not correct for a bullish prediction. Their writing is not really prediction, but sales pitch, perennially permabull.
Also, we would add something important. Even if this is a capitulation low, that does not necessarily a mean a moonshot to $5,000 or even $2,000. We don’t expect that, and won’t expect it without evidence of a much more serious shift in the fundamentals. We would expect a normal trading bounce within the range and perhaps a few bucks over $1,300.

http://www.zerohedge.com/news/2017-07-10/gold-and-silver-capitulation-report-7-july-2017

There it is again... too much manipulation for a pro-dollar to allow gold and silver to rise... I would think the rise would be between $1300-1500 gold and $21-$23 silver over the next year.

we will see

[Neuro]

Does it include a better description of what a broad slingshot is, i aint up on those financial type terms.

Is it like a bullhorn march?

Or a black swansong

More like a hornswaggle. ;D

[osoab]

http://www.zerohedge.com/news/2017-07-10/gold-and-silver-capitulation-report-7-july-2017

There it is again... too much manipulation for a pro-dollar to allow gold and silver to rise... I would think the rise would be between $1300-1500 gold and $21-$23 silver over the next year.

we will see

Seriously, what is the adult beverage of choice this afternoon?

[Horn]

That including a "broad slingshot" would mean 50% increase in 6 months or does the slinging start 6 months from now?