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Silver-King replied Aug 30, 2024Wow... nice drop! Just woke up... instead of 29.2$, added Longs at 28.9$. Some 70 cents drop on the Silver... Still Bearish on the PMs though.
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Silver-King replied Aug 30, 2024September it is... NFP is something that can create a wick up and then down...
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Silver-King replied Aug 30, 2024Personal income and spending is much more important. If income is dropping and spending is rising or the same that means the people are digging themselves more and more into the debt. Of course, they'll portray the higher spending as a strong ...
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Silver-King commented Aug 30, 2024Still well above what we need even if we pretend these numbers are real.
Euro area annual inflation down to 2.2%
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Silver-King replied Aug 30, 20245th time that 2525$ is being hit. Not even for a second do I believe that this Resistance will hold.
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Silver-King replied Aug 30, 2024Longs from 29.5$ closed at BE. If I get a weekly close above 29.2$ and the price returns to test 29.2$ again, then I'll start pilling Longs.
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Silver-King replied Aug 30, 2024The reason why the economy stood firmly is because of 0 rates and easy money. Central banks by lowering rates are making their currency more worth-less until they become so worth-less that they'll be literally worthless. Price of everything will ...
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Silver-King replied Aug 30, 2024Every central bank is working hard on destroying their product. They are working day and night to completely destroy the purchasing power of their product. Meaning, central banks will cut rates all the way down, destroy the purchasing power of the ...
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Silver-King replied Aug 30, 2024This is what we're waiting for actually... March of 2008. Bear Sterns went down and GFC has started. Yields on the treasuries started to rise which resulted in everything crashing down including PMs. Gold fell from 1000$ to 650$ during those months. ...
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Silver-King replied Aug 29, 2024GDP at 3% and NFP at 163k? These numbers are so fake it's funny. As we get closer and closer to the end of this clown show, the propaganda will get more and more out of hand.
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Silver-King replied Aug 29, 2024Non-Farm Employment Change is forecasted to come out at 163k from 114k last month. They want us to believe that they'll add additional 163k jobs after a recent catastrophe of a jobs data?...
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Silver-King replied Aug 29, 2024I expect a wick above 2525$ and then the H4 candle to completely retrace down and begin the reversal.
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Silver-King replied Aug 29, 2024It'll take something major to bring the Gold down yeah. Especially few hundred dollars down... We'll get NFP forecast tomorrow... I just hope it won't be something during the weekend.
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Silver-King commented Aug 29, 2024He was actually the SNB Chair in 2015. when many people got burned by CHF and their 1.20 "line in the sand" on EUR/CHF. Perhaps it is time to do the exact opposite this time around, so the CHF drops significantly in a blitz. Perhaps he's waiting a ...
SNB's Chairman Jordan: The weak euro area is hurting demand for Swiss exports
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Silver-King replied Aug 29, 2024Here we go folks, yet again when noone is paying attention to the markets.
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Silver-King replied Aug 29, 2024They did go above that triple high on the left... we're definitely not far.
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