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Title: PRECIOUS METALS GOLD & SILVER ARE AT RECORD SHORTS!
Source: [None]
URL Source: https://touchstoneconnect.com/2022/ ... d-silver-are-at-record-shorts/
Published: May 9, 2022
Author: Staff
Post Date: 2022-05-09 17:58:49 by Horse
Keywords: None
Views: 149
Comments: 13

Record shorts at $60 billion for gold and silver HERE. Who has the most to gain when precious metals (gold & silver) go down in price? You guessed it – the banks who print fiat currency with no backing at all. When the price of gold and silver go up, that exposes the weakness of paper money. Anybody feeling the pinch of increasing prices which are the result of inflation (the increase in the supply of currency and credit)? Remember, gold and silver are the only recognized forms of money defined in the U.S. Constitution!

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#1. To: Horse (#0)

Perfect time to trade for a bit more, thanks.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2022-05-09   21:57:48 ET  Reply   Trace   Private Reply  


#2. To: Horse (#0)

Five times since Sept 2020, silver fell to below $22, with lows of $21.42, and $21.43 before rallying at least $3. That indicates a lot of support at about $22. Now silver is again below $22. Therefore, if the support holds this 6th time, now would a good time buy silver.

Of course, just because it held five times doesn't guarantee it will hold the 6th time. Nevertheless, considering the above, buying a futures contract at the current price $21.80 with a stop 50 cents lower hoping for a profit of $3 for a 6 to 1 reward/risk ratio may be an excellent gamble. On a 1,000 ounce contract, gamble losing $500 for an expectation of a $3,000 profit.

DWornock  posted on  2022-05-10   8:20:29 ET  Reply   Trace   Private Reply  


#3. To: DWornock (#2)

On a 1,000 ounce contract, gamble losing $500 for an expectation of a $3,000 profit.

As long as you do not do it using borrowed money like the Hunt brothers, who lost their shirts in a margin call. ;)

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2022-05-10   8:27:23 ET  Reply   Trace   Private Reply  


#4. To: BTP Holdings (#3)

Deposit $3,000 with a stop 50 cents lower and you would not get a margin call. If silver fell to $21.30 (12 cents lower than the low the previous 5 times), you would lose $500. If silver rallied like the previous 5 times, you make $3,000 if you set that as your target, perhaps more if you don't, but then you risk a turnaround.

DWornock  posted on  2022-05-10   9:44:30 ET  Reply   Trace   Private Reply  


#5. To: DWornock (#4)

All that I want, or know, to do is buy and hold the pretty coins, and $1850 Au is mighty tempting...

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2022-05-10   11:18:25 ET  Reply   Trace   Private Reply  


#6. To: Horse (#0)

I'm glad I sold what I had when I did.


"After tomorrow those SOB's will never embarrass me again. That’s not a threat. That’s a promise.” – LBJ to his mistress Madeleine Brown on the eve of JFK assassination

FormerLurker  posted on  2022-05-10   17:31:13 ET  Reply   Trace   Private Reply  


#7. To: All (#5)

Wow, down to $1838.

“ On some great and glorious day the plain folks of the land will reach their heart's desire at last, and the White House will be adorned by a downright moron. ” ~ H. L. Mencken

Lod  posted on  2022-05-10   17:59:50 ET  Reply   Trace   Private Reply  


#8. To: FormerLurker, Lod (#6)

Those massive gold and silver shorts drove down paper prices. But in the near future physical gold and silver will destroy the paper markets and the dollar. That will happen before the 2024 November elections. We will have Nationwide Food Riots before then. Maybe even the beginnings of a Civil War.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2022-05-10   20:25:48 ET  Reply   Trace   Private Reply  


#9. To: Horse (#8)

So what you are saying is right now with cheap dollars it would be a good time to buy Physical precious metals.

"Call Me Ishmael" -Ishmael, A character from the book "Moby Dick" 1851. "Call Me Fishmeal" -Osama Bin Laden, A character created by the CIA, and the world's Hide And Seek Champion 2001-2011. -Tommythemadartist

TommyTheMadArtist  posted on  2022-05-10   20:34:35 ET  Reply   Trace   Private Reply  


#10. To: Lod (#5)

All that I want, or know, to do is buy and hold the pretty coins, and $1850 Au is mighty tempting...

If I win the Million dollar PCH prize, I will buy one for you. LOL

"When bad men combine, the good must associate; else they will fall, one by one." Edmund Burke

BTP Holdings  posted on  2022-05-10   20:35:34 ET  Reply   Trace   Private Reply  


#11. To: TommyTheMadArtist (#9)

Get out of the stock market. Invest in farm lands. Buy things you think you will need that will go up in price. Buy silver. It will go up more than gold. Try to buy silver coins without paying sales taxes.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2022-05-10   21:02:20 ET  Reply   Trace   Private Reply  


#12. To: All (#2)

Five times since Sept 2020, silver fell to below $22, with lows of $21.42, and $21.43 before rallying at least $3. That indicates a lot of support at about $22. Now silver is again below $22. Therefore, if the support holds this 6th time, now would a good time buy silver.

Of course, just because it held five times doesn't guarantee it will hold the 6th time. Nevertheless, considering the above, buying a futures contract at the current price $21.80 with a stop 50 cents lower hoping for a profit of $3 for a 6 to 1 reward/risk ratio may be an excellent gamble. On a 1,000 ounce contract, gamble losing $500 for an expectation of a $3,000 profit.

Had you taken my suggestion, yesterday, you would have lost $500 because silver fell another 65 cents to $21.155 and you would have been stopped out. Since then, silver has gone up 35 cents and above my suggested stop. However, you couldn't have know that.

Whether or no $21.155 is the bottom and silver will rise $3 or more, I don't know. However, since silver made a new low, after this rally, it may continue going down so I don't recommend taking any position (long or short) in the futures market.

If you buy gold or silver, at this time, I recommend that you pay for it 100% and take position of the physical in gold bars or gold rounds or else buy and own from goldmoney.com or some other outside the banking system. Then basically hold it long term as insurance from what I believe will be currency collapse and the dollar becomes almost worthless.

DWornock  posted on  2022-05-11   2:08:56 ET  Reply   Trace   Private Reply  


#13. To: DWornock, 4um (#12) (Edited)

Had you taken my suggestion, yesterday, you would have lost $500 because silver fell another 65 cents to $21.155 and you would have been stopped out.

Options trading is risky, I've never been good at that. I went pretty much "all in" with Au and Ag around 2009 with about a third of my wealth. I got Au @$904 and Ag @$9.00.

Not a great return historically, but my mechanic understands the value of PMs, so I got $4,000 of repairs done on a 29 y/o truck w/60k miles for two Canadian maple leaves and a couple hundred fiats.

When Chip came to pick me up and take me to his shop downtown the next day, he was up $80. He knew the risks. How many folks are stupid enough to spend $4k on a 29 y/o truck?

He knew what the deal was. Smartest wrench I've ever met. I bet his wife loved those pretty coins.

Not sure how they're keeping PMs down now, it is what it is.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2022-05-11   3:03:21 ET  Reply   Trace   Private Reply  


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