4um: PRECIOUS METALS – GOLD & SILVER ARE AT RECORD SHORTS!

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Title: PRECIOUS METALS – GOLD & SILVER ARE AT RECORD SHORTS!
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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: 226
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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#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 Untrace 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. ;)

BTP Holdings posted on 2022-05-10 8:27:23 ET Reply Untrace 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 Untrace 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...

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

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