Comex Silver Hits $26

87
Mon, Jul 27, 2020 - 11:03pm

Another significant milestone has been reached.

First, it was Comex gold that filled the gap back to April 2013. Then it was GDX. We knew that GDXJ would come next and then the only hurdle would be Comex silver. As of tonight, it has finally happened....Comex Digital Silver got back above $26.

More tomorrow,

TF

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RangeRider49Doctor J
Jul 28, 2020 - 9:06am

I don't think 'they' target

I don't think 'they' target people by name. Like in so many movies where the hit man tells his target "It's not persnoal, it's just business" they (those guys, etc) look it as business like shearing the sheep. If you are a sheeple, you will get sheared.

AgstAger
Jul 28, 2020 - 9:06am

As I wrote earlier

The banks better get on with it or they may've only made matters worse for themselves.

RangeRider49Smartass
Jul 28, 2020 - 9:00am

You are correct

You are correct of course. As I understand it, the house has rigged the game in their favor. You are not just betting on the odds, you are hoping you are aligned with the house rules and can ride their wave to profit. They, the house, those guys, obviously don't like the big rise in metals prices from the bankster perspective. It draws too much attention to a sector they want everyone to think is dead and irrelevant. The massive public brain-washing program against metals as wealth preservation has been greatly successful and America is still trusting in cash and their 401k. I have very little in the stock brokers account which is in their name, not mine. I don't like the beneficial investment where I am a creditor in the bankers system which is set to implode and transfer wealth from me to them. They already do that with taxes so I don't play the broker house game with 3 day wait time, capital gains taxes, etc. I wish you and others well in playing the house, I hope you win.

robobrewer
Jul 28, 2020 - 8:57am
RangeRider49
Jul 28, 2020 - 8:53am

Sell stops, pullback or correction

You nailed it Rangerider: "if you have a sell stop it will be hit." My paranoid side figures they know my name and take aim at my trades if I set a sell stop--"Can't let those TFMR members make any money!"

I cannot recall a time, in hundreds of trades taking a long position, where I put on a sell stop, or trailing stop, that was not triggered later that day--often within an hour (I usually set em tight). Sometimes it works out nicely as price moves much lower. Other times price bounced right back and moves much higher, as I had figured when putting on the trade.

I have stopped daytrading this stuff... especially since they de-listed USLV and DSLV. From now on, its just physical and longer term buy and hold trades.

Silver was trading in a nice $3 wide uptrending channel from $12 to $22. No sense in panicking until it is shoved down through the bottom of that channel--or $19.40. Until then we can just call this a pullback.

RangeRider49
Jul 28, 2020 - 8:50am

When they're cryin you should be buyin!

We all here know that the game is rigged by the house so if you gamble you will get burned. Here's how I look at some silver that I bought years ago at $30. It is still with me and there is no other claim on it so it will set quietly in the corner until it's time has come. It will not diminnish in quality or quantity. It will help me when I need it to. This recent rally was great and long overdue. I have really enjoyed the action for the first time in years. Yeah the cretins might do more of their criminal activity but I won't play their game. So I sit drinking my morning coffee contemplating the next big move upwards for the metals and don't worry about them hitting my stops because I don't have any! Remember when they're yellin you should be sellin!

SmartassRangeRider49
Jul 28, 2020 - 8:45am

Playing the game in the

Playing the game in the casino is for fools and thrill seekers. There are two kinds of options players, those that have been burned and those that will get burned. It is gambling in a rigged game.

That depends on the player and their skill. I have never liked the analogy of a casino to trading...because one is based on odds (which are not in your favor) and the other is based on relative skill levels and access to information before others.

I think a better analogy is that trading is akin to playing NL Texas Hold Em...where yes - there is an element of luck involved...but the decisions by the better players are based on odds/probabilities, etc...and they place their bets (minimum vs. all in) accordingly...

As it relates to options in particular - they are no different than a regular stock except for the fact that they have a decay factor - because you are buying time...

An added benefit you get with options that you dont get with stocks is the premium that volatility provides....when volatility is rising in the underlying - so does the value of an option...and vice versa when volatility is falling...

OceanXGasivs Buttox
Jul 28, 2020 - 8:40am

I'm just waiting

for the day, that the traders take a 'pound of bankster flesh' in lieu of an ounce of silver...

RangeRider49pc
Jul 28, 2020 - 8:21am

The game is rigged!

I'm sure you are correct that the banksters know the orders that exist and can continue to run their scam a while longer. Someone once told me if you have a sell stop it will be hit. Playing the game in the casino is for fools and thrill seekers. There are two kinds of options players, those that have been burned and those that will get burned. It is gambling in a rigged game.

robobrewerpc
Jul 28, 2020 - 8:12am

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