Picked some coins up at the LCS today: >13 mercs >2 barber dimes >2 barber halfs >1 peace dollar >2 standing liberty quarters >2 walking liberty halfs >1 Canadian maple 1 oz bullion 138 bucks. Howd I do
I'm sorry to keep posting this, but I feel like /pmg/ should be warned of these indicators that I've seen:
I believe over this next week we're going to see some *very* red days for silver >DXY just hit 2 year low >DXY just broke out 20 day moving average >PMI just reported above 50 for the first time >Not only that, but Euro PMI fell below 50 >AKA, US out of recession, Euro into recession >Solid earnings reported this past week >Dollar will rise this week >Dollar shorts will be squeezed, driving DXY up even harder >PM will tank >a lot of shorts covered already, so there is less buying pressure than the past few months >Thursday, Powell will not say anything to discourage market confidence >will not even mention YCC >market will rise, even more selling pressure >JPM will pile on shorts at every trend point they can >market makers will try to shake out weak hands for September - November bull run >Gold entries at 1900 will panic and encourage an even greater sell-off >World Health organization just said 2 years conservative estimate >Tokyo / Hong Kong will continue selling each night, creating downward pressure on US open >PM tried to rally & failed (return to normal) >we are at the start of fear >barring no other news silver major tank, possibly even below $25 this week
I think you should consider buying some silver Puts this week. I think you will see good profits, and then can use that profit to buy more physical I am still EXTREMELY bullish on silver overall - but I still think this next week is going to be red - a great opportunity to stack at a discount Good luck on the week ahead everyone
If silver is green this week, then that is a HUGE statement, when there are all of these odds stacked not in it's favor
(where capitulation would be is when it will spike back up - the emperor has no clothes as we all know
