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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?


To: yard_man who wrote (121360)3/7/2019 5:55:44 PM
From: the longhorn  Read Replies (1) | Respond to of 221987
 
I agree with you on the silver chart...ugly. Gold pulled back to a recognizeable fib.zone. Silver just pulled back and is now hanging there. It's marking time the past few days too...not going anywhere.

Big commodity buyers do there silver orders this time of year...the companies that use silver in their processes for the year. So this is the preferred season for the industrial side of silver's demand. I've read there has been some speculative interest at play the past few months on silver. Don't know where that goes from here.

I don't see how silver goes much lower for very long though...I can't imagine miners making money at it at prices much lower than this.

longhorn



To: yard_man who wrote (121360)3/7/2019 9:03:12 PM
From: GROUND ZERO™  Read Replies (5) | Respond to of 221987
 
What I find amazing is that gold hasn't crashed with the dollar so strong, gold and the dollar are inching higher again this evening... AND both the dollar and bonds moving higher at the same time...

Things are a changin', the world's rearrangin'...

GZ