Was calling for a lower lower or a double bottom, and a recession, higher rates and war.
Just to update I am in my buy zone and I still see the potential for more downside but I also do not want to miss the boat. I plan to begin stacking again in these levels I was predicting to come. Buying at peak fear is usually a good time.
I see the war propaganda getting turned down a little bit for mid-terms, rates cooling off a touch, maybe dollar strength dipping a bit, all should lead to at the bare minimum a relief rally in PM.
Prediction slightly more downside, potentially but I also see a decent relief rally in the near term. They also tend to jack up PM prices leading into Santa Rally and Chinese New year every single year to make the chinese people pay up for it since they know they buy a ton. Stocks are throwing mixed signals, magin calls could do a wash out.
The risk reward is increasing with lower prices. minimal downside with massive upside.
Anyways happy stacking. Picked up some maples myself.
I thought 48 would be the bottom maybe we go into the lower 40’s. I have no idea at this point but I know it’s cheap. Keep a bit of powder in case we get a JP morgan slam a rama.
Real apes love the shiny.
Cheap shiny = best shiny
Not financial advice i just love silver
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