I like the way it held in over the last week as interest rates went up.
Short leash. Out under today's low.
Stock mkt might be a better long.
Cheers.
Outstanding to see you back, joj!
Gold and Silver are not something that I would ever trade, however my wife and son in law have been in the electroplating business for most of their lives so it's one of the few markets that I can discuss with family, related to the fundamentals and price where it always results in a great, 2 way conversation!
I've been reporting the price of silver to both of them on the way UP and down, including the past 2 weeks to Deb.
Much more to come. Keep us posted, please!
My opinion in the metals means squat!!
Previous thread:
Silver/Gold 2-8-26
27 responses |
Started by metmike - Feb. 8, 2026, 7:41 p.m.
https://tradingeconomics.com/commodity/gold
1. 10 years. Historic, exponential/parabolic move higher with a steeper and steeper upslope that can never be sustained and almost impossible to predict the end of. Then the collapse lower almost as fast.
2. 1 year: Descending triangle/wedge?? Solid support from the late October 2025 reaction lows at the base of the triangle. Also a solid downtrend line since the top this year with prices already correcting 1,500 since then.
3. 1 month: Make what you want of that. A case for both the bulls and bears.
4. 1 week: Symmetrical triangle. Tightening wedge with lower highs and higher lows.
As insane as gold was, silver was much MORE insane.
https://tradingeconomics.com/commodity/silver
1. 10 years: Same parabolic/exponential move with an even STEEPER slope higher than gold.
2. 1 year: Dropped 50% from the extreme top(double the % drop of gold) but still not down to the late October 2025 support that Gold has (almost) tested recently. That's because Silver had the much greater spike up.
No follow through over night. Took loss at 4110.
Thanks very much for sharing the trade, joj!
One of the many things we sometimes overlook in our lives (not you) is appreciating historic things happening around us all the time.
Mostly historic GOOD things in technology, advancements in medicine and so on.
One can make a case for historic levels of beneficial CO2 (since humans walked the earth) and the impact on climate from the greenhouse gas warming.
What the heck does this have to do with gold(silver)?????
We are still in the midst of an historical move to record smashing highs and now the retreat in these metals!!! No other humans have witnessed this and most importantly, combined with our technology to watch every tick trade on our electronics from any place/time we want in markets that trade around the clock during the week.
Place orders that are filled instantly instead of waiting for the market to open in the morning and call up a broker, who sends it to the floor, then waits for the fill, then calls you back XX minutes later in the 1990's.
Look at price charts and data updated to the second on our electronics instead of hand plotting charts.
A wonderful time to be a human being compared to our ancestors, especially somebody that trades or even just follows markets!
“The average American today lives better than the richest person did a couple hundred years ago.” - Warren Buffet
Great quote, joj!
I've been saying that for years on MarketForum.
Maybe he's been reading us
Re: Re: Re: Re: Do NOT trust AI searches!!!!
By metmike - June 3, 2025, 10:49 a.m.
Kings and Queens didn't have it this good 200 years ago. I'm typing a message on a forum, responding to a friend in NY right now about Artificial Intelligence right now. If this were 1825, what would I be doing to stimulate my brain?
++++++++
By metmike - April 9, 2023, 10:07 p.m.
Expectations of what is normal to us today.........in an age where most poor people in the great USA in 2023 have it better than kings and queens did 160 years ago.
Better than a king/queen in the 1800's but not good enough for 2023.
We should NOT ignore some really bad stuff, especially being caused by our corrupt politicians but that doesn't take away all the really good stuff related to technology and related realms.
Knowing this is a key to maximizing the enjoyment of it.
+++++++
Re: Re: Re: 1 year anniversay of the 2020 election
By metmike - Oct. 13, 2021, 6:28 p.m
500 years ago, when people struggled to survive it was acceptable to not spend much time enriching themselves with cerebral activities.
Finding sufficient food and shelter for them and their families was usually top priority.
Even 150 years ago, Kings and Queens didn't have it as good with technology and educational opportunities as the poor in our country have it today.
++++++++++
How to make the world a better place
Started by metmike - Jan. 9, 2020, 10:23 p.m.
https://www.marketforum.com/forum/topic/45623/
++++++++++++++
Things to be grateful for..........EVERY day!
Started by metmike - Nov. 28, 2019, 1:40 p.m.
https://www.marketforum.com/forum/topic/43598/
metmike: Everyone wants to be happy. Happiness is a frame of mind. We are capable of being happy under almost all scenario's if we make a habit out of focusing on things to be happy about.
Most poor people in the US today have it much better than Kings and Queens did 150 years ago.
Some of the richest people in the world back then, died of things like bacterial infections at a young age because there were no antibiotics.
+++++++++++++=
The point above is not to impress people that I have been continually stating this wonderful point just made again by joj again. (he and I think a great deal alike about a lot of things).
The take home point is that we should not just read it like you are doing right now. Not just type it on our keyboard like joj and metmike did this morning. Not even just think about it for a short while why agreeing with it.
The point is to EMBRACE IT!
Think about it all the time!
When something bad happens, focus on it.
When something fails to meet our expectations, remember it.
When we are sad or depressed, USE IT to feel better.
It's not a trick but instead is using contemplative reflection that every person is capable of.
It's not just effective but IT'S THE AUTHENTIC TRUTH!
People can spend thousands on therapy to try to manage something that the right frame of mind is the cure for!
There are thousands of complicating factors that interfere with our ability to be happy and make this hard to do, especially an entire life to this point of NOT practicing this frame of mind.
Which is why it's important to not just read it right now and forget about it in 10 minutes or 10 hours.
What does that mean?
Try to imagine everything that you know about the daily lives of people 200 years ago, even Kings and Queens and compare that to everything you know about YOUR life in 2026.
The list of things that we have and they had also is extremely short.
The list of things that we have and they couldn't even dream was possible (outside of heaven) is almost infinite!
Most of our worst days are much easier than their average days. Going back to 1826 would be hell on earth for most of us.
Don't forget, humans have been around for 10,000 years and it's only in the last 50 years (during OUR lives) and during OUR generation out of 200+ generations that we got to this wonderful point.
And it's not just living in 2026. There are still billions of people on the planet suffering in some way that don't have it nearly as good as Americans today. A billion don't even have enough fresh water to drink.
Don't just be grateful for our wonderful lives but commit to sharing our gifts with others to make the world a better place for everybody. The rewards for doing that greatly add to our personal happiness and enjoyment of our lives.
You don't need to cure cancer or fix homelessness or stop hunger of children.
Look at your small world and think of things that would brighten people's day around you and do some of those things. Most of them don't cost money. There you go. You just made your small world a better place!
At the same time, those people will all like you more and you will feel really good about yourself as this always features positive reinforcement behaviors. And doing kind acts for others, can also blossom into something bigger as those benefactors are more likely to apply your altruistic example in their own lives.
Gold and Silver both gapped higher on the Sunday Night open.
Looks like a potential upside break away gap higher as long as it doesn't get filled!
Upside gaps in silver and gold were both filled this morning!
The gaps higher last night were tied to NEWS on the Iran war and oil prices being sharply lower.
Lower oil price= lower inflation = lower interest rates by the fed(no hikes) = bullish gold/silver
Higher interest rates = bearish gold/silver
The knee jerk reaction from the news wore off and the gaps were filled.
+++++++++++++++
AI Overview
https://tradingeconomics.com/commodity/silver
Is silver about to break out to the upside?
https://tradingeconomics.com/commodity/gold
Gold showing strength too!
As speculated on Tuesday evening, Silver has continued strength to a potential upside break out.
https://tradingeconomics.com/commodity/silver
https://tradingeconomics.com/commodity/silver
1. 1 month: Double/triple bottom. Upside breakout from July sideways range. Bulls have taken control. Major low?
2. 1 year: Inverted head and shoulders bottom? Upside breakout? Bear flag still possible but unlikely?
https://tradingeconomics.com/commodity/gold
1. 1 month: Higher lows. DECISIVE UPSIDE BREAKOUT!
2. 1 year: Solid double bottom lows. Upside break out from 5 month downtrend. Could still be a bear flag but not likely with the bulls in SOLID control.
Gold and silver breaking higher after a few day pull back. Both well above the rising 20 day moving average, and near the top of the rising bollinger bands. looks like a strong move in the making.
Just my 5 cents
Yep!
Worth MUCH MORE than 5c, cutworm and always appreciated here!