$silver still working

Discussion in 'Technical Analysis' started by countryBoy641, May 29, 2024.

  1. I saw this you tube yesterday
    This guy is more bullish than me (wow).
    Says the AI boom will need large quantities of silver.
    ***
    My wife wants a new car.
    Has her eye on a Camry XLE (a hybrid).
    I think starting 2025, all Toyotas will be hybrids.
    Translate: Silver demand.

    From my personal experience,
    the best traders are Americans.
    Not a xenophobia thing, just my experience.

    $50 Silver Target, 500mn Ounce Deficit - Watch This Trend



    ***

    $silver_03.jpg
     
    Last edited: May 29, 2024
    murray t turtle likes this.
  2. maxinger

    maxinger


    My goodness!!
    Those silver guys must have been sleeping for months!
    Now they are wide awake.
    Please continue to sleep.

    Silver uptrend started 3 months ago.

    Many content creators like to talk about things when the price has already gone very very high.
    I am sure those sleepy guys have many similar (late) videos.
    Be alert so as not to miss the boat.

    Silver, copper, gold ... have quite a good correlation.

    They should publish the video a few days/weeks after the trend starts and not a few months/years later.
    MY GOODNESS! what old / late / outdated video.
     
    Last edited: May 29, 2024
    murray t turtle likes this.
  3. Handle123

    Handle123

    If looking at Monthlies, H/S Bottom formed and breakout of 2021 highs. I don't have a clue whether it will challenge 2011 highs, but will add on deep retracements and hedge openings.
     
    Cabin1111 and murray t turtle like this.
  4. %%
    I see your points.
    However silver ,copper , brass ....,, trend well + tend to trend much longer than stock market.
    I noticed the dealer raised his buying price on copper to me[May, 2024];
    that's just one dealer , but nothing like an old good trend.
    My comments are on metals, cash prices, but not limited to those :caution::caution:
    Thanks maxi.