#140 - What Will Happen With Silver This Week?steemCreated with Sketch.

in steemsilvergold •  7 years ago 

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Just wanted to get some input on what will happen with our shinny precious metal this week? It certainly did not have a great week last week.

I would love to see what would happen to it if they didn't mess around with the price. I think it would take off rather quickly I bet. Maybe it's best they keep it under wraps as I don't think we're ready for a crash just yet.

Also I wonder how Crypto's will do especially Steem as last week was pretty hard on our beloved Steem!

It's so hard to believe it's July already. Time is just flying by and soon it will be fall. I hope everyone is enjoying their summer and hopefully having a great time at the beach! :)

Please comment on what you think will happen this week in Silver and Gold prices. I think we all know what will happen with it but I still want to hear your opinion.

In case you missed my last Post and the video I did on building a Silver Slide here it is.

Thanks for your support and comments. Please Follow and upvote is you like this post. Thanks

@digestingreality

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Hopefully, it gets slammed to $13 again. After buying at that price anything higher makes me sick. I know i'm getting a great deal anyway, but i like to get in at bottoms.

The manipulation will end one day. Most of us are still pretty young. We can afford to wait for our day in the sun. It's the guys who have been stacking into their old age that i feel bad for. They're just going to have to Will their stack away to their unappreciative offspring, who will end up pawning it as soon as the dirt covers the casket.

That statement you made is the truest statement that has ever been made my friend. Thanks for your support and comment.

  ·  7 years ago (edited)

I'm not looking for any really serious action in the Silver prices until the U.S. Govt. starts its' budget negotiations in earnest, this fall. At that point, if things become more uncertain, then we will start to see some gains.

Otherwise, silver & gold "pumpers," with all of their pressured speech and heavy breathing are just going to have to wait for the end of the petro-dollar. When the dollar loses its' status as World Reserve Currency - the "pumpers" will finally be right - one time. And, it will be life-changing, if you already have a stack. Otherwise, you're going to get screwed along with everyone else.

So, buy now - buy low, sell high. Whatever/whenever a new World Reserve Currency arrives, that's the time to take your profits - because the metal manipulators will have lost control of much of their ability to keep the metal prices suppressed.

Furthermore, I would not be at all surprised to see the next version of the World Reserve Currency to be a mixture of several currencies, as well as gold, silver, and block-chain-based cryptos.

Yes I think your right we are going to see an interesting new currency in the very near future.

The way it's been trading lately, nothing. The metals have been put in a straight jacket and tied to a gurney. LOL cheers

Lol too funny but so true bud! Maybe this week will be different?

The Commitment of Traders report (COT) for silver is bullish. The commercial banks have decreased their short position and increased their long position. Should hit $18.50 by September.

Thanks for your comment. Yes I can see some gains coming to Silver in the near future. Followed

It will start to go up in price...............

Well I like the way you see it! Followed.

The metals market is a highly controlled market they seem to do what they want with it.

Yes indeed I 100% agree but someday that will end. Thanks and followed.

That would be cool then you would be rich!! Waaaahoo! I am not counting on any of that crap. I am just surfing as much as I can ;-) IMG_7914.JPG

That would be awesome to try. Maybe when I become rich from selling my silver I will take up surfing! Lol

I see Canadian silver I click on it and upvote. Cheers

Thank you. Yes USA and CAN junk Silver rock! I love the history in those coins. Check out my post before this one and watch the Junk silver go down the Silver Slide. Followed

Same as the last 150 years. Manipulated.

Yes I agree 100% with you and Followed. Maybe someday it will change.

The manipulation will end but only when the global elite and their central banks lose control of the global monetary system.

Maybe they will bring it down once they have most of the gold and silver purchased. That way they will weather the storm ⛈ with no problem.

Agreed 100%

Upvoted as always DR!

Do you know what! I still haven't bought anymore physical (even though the prices have been coming down a little).

I was all set for it but then realised that I didn't quite have enough money for a full tube so bought some more crypto (Lite coin) and shares in a tungsten miner instead.

Am I alone here or is there anyone one else out there that likes buying complete tubes? (probably not, I'm a freak!!)

Lol I like buying full tubes but I like buying individual rounds as well. I like a lot of different designs so I basically purchase what I can when I find a good deal. I have to get into Buying more Crypto's though!

Yep this boils down to the lack of coin shops in the UK and the extortionate prices we have to pay. It's cheaper buying UK minted coins abroad (if bought in bulk as shipping costs to factor in).

Re cryptos, still quite frustrated at how difficult it is to buy them. set up a kraken account, still haven't verified me to buy cryptos (been weeks). So that limits me just with coinbase. It's a shame they only offer 3 types as it is by far the easiest site to use. Have you any recommendations~?

That I do not my friend. I have yet to try to cash out or buy Crypto's. I was planning on taking some out when I reach $500.00. I am along ways away! Lol

They may be able to mess around with the price of what I hold, but what they can't seem to mess with is the "weight" of what I hold...
@pocketechange

That is so true. Great point.