O/T BULLION TRADING FUTURES

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morganman
Posts: 543
Joined: Fri Jun 29, 2018 4:02 am

Re: O/T BULLION TRADING FUTURES

Post by morganman » Tue Feb 25, 2020 11:34 pm

Frustration CENTRAL; End of Feb 2020

Darn metals mkt is so so Frustrating, as terrible Corona Virus propels
metals to 7 yr highs, pushing gold to almost $1700 & Silver almost $19,
only to immediately turn south with silver back down to around $18
Seems like $17.50 next support, Took weeks to make $18

Not a good omen for mkts to gain on such tradgedy, so guess gains
not truly ment to be from fellow up above.
So coins are tough mkt right now, as is un stable metals mkt, so me
discovering the fun of Gold Mining hobby is a huge relief, getting out of
office and super exercise to boot.
My core silver position is just above $16 which is pretty cheap,
All started 1-19 , so 1 yr + and still only a advance of some 9%.
Could have done much better in stocks or robbing banks LOL

I am patient to a degree, but only patience will win this speculative
venture. But damm, lets get things going big time, LOL lol
My Ego would like to be right. LOL
:|

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Longstrider
Posts: 650
Joined: Tue Jul 03, 2018 9:12 pm
Location: Mojave High Desert

Re: O/T BULLION TRADING FUTURES

Post by Longstrider » Wed Feb 26, 2020 2:45 pm

Never give up! Thanks Scott, I always appreciate your view on this subject..John🐍

morganman
Posts: 543
Joined: Fri Jun 29, 2018 4:02 am

Re: O/T BULLION TRADING FUTURES

Post by morganman » Fri Feb 28, 2020 2:31 pm

UPDATE 2 -28-aat2020

Wow what a total mess in Global markets, mainly Corona Virus FEARS.

Just when metals broke out hard to upside, with gold almost $1700 & Silver
$19. Boom, Night trade 2-28 Fri this A.M. showing Silver all the way down to
200 day support at $17.11, $1.69 per oz Selloff from Last weeks $18.90 Rally

One futures contract is 5,000 ounces so one contract lost $8,450.00 in a week
Unreal volutility and this really brings home my rant about always having
STOP LOSS ORDERS in place on all Stock & Commodity trades.
Being short made fortunes and Longs got blood running in trenches

The mkt will likely snap back but DARN scary for Bulls as 4th wave SUPPORT
is tested. Makes one want to BUY this huge pullback but risk is quite high
due to Global Virus FEARS. From 7 yr highs to testing major long term 200
day support in but ONE weeks time. Amazing IMHO

STAY TUNED, for what LOOKS like a real WILD RIDE!!!!!!!!!!!!!!!!!!
:|

colwillys
Posts: 774
Joined: Tue Jun 05, 2018 9:39 pm

Re: O/T BULLION TRADING FUTURES

Post by colwillys » Fri Feb 28, 2020 3:27 pm

Corona Virus and Big Money ,Plus Global Computers you can not attic fast enough to beet them .
You have to hold the physical gold silver and not paper contact .Paper gold and silver can burn your house in the ground . Hold on the rollercoaster is on the way
down . How far the Big boys will let you know . They are still looking for 2 classes , Rich and Poor , so hold
GOLD and SILVER .
Morganman your posts are good . I like the view you put out there . Lets see what happen Monday morning
this may tell the story how thing go . I am looking to see more of your thoughts Morganman .

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Longstrider
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Location: Mojave High Desert

Re: O/T BULLION TRADING FUTURES

Post by Longstrider » Fri Feb 28, 2020 3:30 pm

I will be here awaiting your next report of major turn around and huge gains. Also trying to understand shorting.. I just can't wrap my head around it. Oh well, no investment money now anyway. Thanks Scott.🐍

JackBnimble01
Posts: 149
Joined: Wed Jul 24, 2019 4:34 pm

Re: O/T BULLION TRADING FUTURES

Post by JackBnimble01 » Sat Feb 29, 2020 1:43 am

Cool Willy
I agree, I retired at 45, and
Love the freedom!
I say it’s great that silver and gold are
Dropping....buy buy buy!
Before those manipulators find out they are TRUE and real money
Not the worthless fed notes!
Backed by.....NOTHING....ohh they are back by the full faith of the government...that’s something we should trust???? Not me!

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Kurt28
Posts: 151
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Re: O/T BULLION TRADING FUTURES

Post by Kurt28 » Mon Mar 09, 2020 7:03 am

I'm no expert in this field, and every time I make a move it seems to be the wrong one.
For now I would be most comfortable taking my paper promise assets out of the market until after the November election.
Parking it in silver seems like a good idea.
Anxiously awaiting updates to the topic.

morganman
Posts: 543
Joined: Fri Jun 29, 2018 4:02 am

Re: O/T BULLION TRADING FUTURES

Post by morganman » Mon Mar 09, 2020 11:58 am

Dear Kurt28 & others here; March 2020 update:

Talk about NOT being a expert these days !!!! Wowser crazy is almost every mkt these days.
Corona Virus Conspiricys abound along with Fear resulting in Huge downward spirals of markets
of which Crude oil is gettin killed at around $30 barrel. A $10 drop in one trade session - Unheard of !!!

Between Media & Gov = they are sure upsetting every mkt Worldwide- The real experts are suspicious,
as i am. Somewhere between a massive hidden agenda and the terrible Virus truth probally lays the
TRUTH???

However Financially, The stock mkt has shed some almost 3 trillion (with a T) value of which we here
have NO CLUE how to count that high. The 52 or so commodity mkts are larger in dollar volumne
than stocks worldwide so add way more than 3 trillion to the stock losses, and one doesnt have to
be a mathmatician to see the depth of this Wealth buster.

401 K's aew being crushed, taking retirement savings from the general population, while the Huge
money (smart money) takes advantage and re positions huge dollars into a few mkts, with upside
oppertunity like we have seen ew times this big.

Metals, Especially silver are Not performing as one would expect, actually dropping to the 200 day
moving avg of $17.11, and trying to bounce every time. Technically (chart wise) huge damage
is happening as 5 supports (not 3)have given way. The gold/silver ratio is so outta whack at
around 98/100 : 1 one must think this unsustainable, and over time should snap back to around
80/85 to 1, which puts silver $20 -$23

Its bigger than a mess, suspicious at best, and i for one believe some undertones to relieve
Americans of their hard earned retirement funds and more.
I decided to say (S) it and bought more silver - as im convinced its the cheapest commodity
on the planet- now, other than 30/35 dollar oil, which i just bought long term Crude Oil options
on the unreal cheap. if the skys falling- buy- and we'll prop it up with the Governments Bullshit.
Just one citizens take IMHO Wow- its nuts
:|

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Longstrider
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Location: Mojave High Desert

Re: O/T BULLION TRADING FUTURES

Post by Longstrider » Mon Mar 09, 2020 2:42 pm

Turned on the TV this morning and saw the market frozen for a short time. Talk about down. This way beyond crazy. @morganman Thanks for your update and thoughts. Hang on everyone.🐍

colwillys
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Joined: Tue Jun 05, 2018 9:39 pm

Re: O/T BULLION TRADING FUTURES

Post by colwillys » Mon Mar 09, 2020 3:11 pm

They are not going to let silver gain in value but will let Gold drop ..
I turned to 2 oil stocks and 1 airline stock .
Oil and Airlines down for now but summer is a short few months away .

lured_in_again
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Joined: Thu Nov 29, 2018 10:16 pm

Re: O/T BULLION TRADING FUTURES

Post by lured_in_again » Mon Mar 09, 2020 7:58 pm

Just don't jump too early, the bottom is not yet in sight for the declining stocks. There will be a good buying opportunity around the bend. Airlines, oil, and cruise lines, etc.

colwillys
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Joined: Tue Jun 05, 2018 9:39 pm

Re: O/T BULLION TRADING FUTURES

Post by colwillys » Mon Mar 09, 2020 8:32 pm

First round over today good buys .. I will be looking for tomorrow for the second round of picking or adding on .
Dollars cost averaging can be good .. Scott 95/100 to 1 some one is going to shine or go home with winding
between their legs . Their is going to be millions to be made .

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