Precious Metals

Fyi.... for the noobies... when you see a bunch of ads selling gold.. it's when the price is high and the big Dawgs are cashing out by getting the poor to buy in.. kinda like every so often when the stock market gets really high.... dem big boyz cash out too .... then buy like crazy after the crash.... This whole game is rigged against you if you a normal joe.... always has been... always will be... #castesystemsarebullchit

Lucky dawg, you got the two-fer!

It’s so wild to watch this. I work in the mining industry as a Heavy Equipment mechanic. When I got into the industry companies were budgeting for gold at about $1000 and ounce and it’s quadrupled since then in 2012. I even remember late 90’s early 2000’s when gold tanked and mines were laying off. People were just up and walking away from houses in our neighborhood.  

Hi Ho Silver.  Away!!!

What this really shows is the devaluation of fiat currency.  Voltaire knew what he was talking about.

Yep, increase in gold represents a decrease of confidence in the dollar. For some reason the hyperinflation hasn't hit yet, which either it will soon, or gold is basically on a BTC'esque pump & dump. Time will tell.  

The demand for silver in technology has never been higher ,people are still trying to tie gold and silver numbers together.  The ratio is about to change drastically. 

Not a pump and dump.  Fiat is at the end of its shelf life.  The world is changing.  Asset backed currencies will replace fiat.

What baffles me the most right now is how markets are super blown up at all time highs.  I agree that fiat does not "feel" stable. And there's some irony in the price of gold being blown up right now due to fiat going into the paper value of gold. There's a logic problem in there somewhere. 

Seems like we'd see institutional money exit markets first, which that exit would cause everything to fall. Instead, retail and institutions are all-in like this is the most amazing time in all of history with the future looking like easy money forever. Institutions would want to get their money out of paper and into something more tangible, real estate and whatnot. 

Damn,up to 89 dollars this morning.

Some of the big banks are planning for $300.

Makes me wish I had bought more 

Passed $90.00 already this morning and didn’t even stop for gas, still running.

I don’t know how long is going to be on that run, it keeps pumping because of AI demand and the fear of the monetary system falling soon.

It rallied so much already that I feel like people getting in now are exit liquidity for the big guys.

I would be careful if it closes a week under 87 again. 1.886 Fibonacci is powerful and big guys like to take profit there on many assets classes.

It’s a commodity so it can take a longer time to play out but RSI is exhausted too on many high time frames. (Price goes higher while RSI doesn’t have much strength)

Maybe I’m wrong

Gold at $4965.  $5k coming soon.

Silver at $99.  Should hit $100 tomorrow unless they throw the rest of everything they have left to suppress it to keep it from getting there.  Might be able to hold it down through the weekend but when trading in China comes back up Sunday it’ll go early next week.

I’m Mostly talking about the 1.886 Fibonacci, it’s more of a mathematical/psychological price point that traders will look on a high time frame range.

If you bought a good amount 10 years ago you’re sitting on a great profit now! You did great holding up to that point! For risk management purposes I would take partial take profit on my position, especially 100 is also a psychological number.

If it keeps rising next areas to look for are 120 and 131. You know that if many people are shorting some big guys will push the price up to liquidate their positions then you have a short squeeze happening, the price spikes up.