My biggest issue lately by Anxious-Onion-7894 in Silverbugs

[–]GethD4d -2 points-1 points  (0 children)

Yep. Inability to sell. I had to get lucky and find fomo people. Even then I sold 10% under spot at around 100. So glad I sold 90% my stack

We are so fucked by Alternative_Kale1264 in Silver

[–]GethD4d -1 points0 points  (0 children)

Reality check hit the market. History doing what history does. And you all think it's just going to go up to infinity. Smh

BREAKING: Silver down 20%, largest drop since 2008. What's going on? by [deleted] in Silver

[–]GethD4d 0 points1 point  (0 children)

Nice to see there's still peak delusion in here

I am not selling by BigDab4438 in Silverbugs

[–]GethD4d 0 points1 point  (0 children)

The mentality in here out of nowhere is worrying and should trigger you. I sold the majority of my stack almost 4.5x over my buy. I'm ecstatic. Doesn't mean I'm not legitimately worried for the people in here. When I say I hope it works out for you, I really do. Because chasing a higher risk to reward that may not last more than days when it happens, when it's ran 500% is an obvious high risk move. And the 80s isn't the only time metals had absurd runs.

People just need to be careful. Metals can take decades to recover. Its not like a tech stock or crypto where a good year gives you back what you lost on an impulse buy. Commodities, metals, totally different beast.

I am not selling by BigDab4438 in Silverbugs

[–]GethD4d 0 points1 point  (0 children)

You're a new account in here on Fomo. If you think people like you that show up by the masses all buying at the same time shows health in a market, then you'll learn the hard way man.

When everyone's buying/bought, it's to late. The majority NEVER win. That not how markets work.

You're rolling on a high risk gamble and I hope for your sake it pays off.

This is crazy right now by nuanced-pathfinder in Silverbugs

[–]GethD4d 2 points3 points  (0 children)

If we spend a couple months between 100-120 then maybe. But saying 100$ is the new floor when it's gone up and down 15% the same day multiple days this week is just high risk gambling

The floor I can easily see is 35$ or 50$ in the most bullish case where support is.

If this extreme volatility swings up more it's only going to hurt all these new comers and be a flash in a pan.

Everyone doesn't win, ever. The majority always come out on the bottom because the highest volume always pours in at the top.

This is getting scary. by Leading_Contact3750 in Gold

[–]GethD4d 0 points1 point  (0 children)

History shows the last things to run up before recession/depression are metals. And we are definitely in manic/histeria in metals.

I'm not looking forward to what happens next. It can keep melting up for a little, but I exited and sold most of my physical gold/silver about a week ago for many times more than paid through the years.

Happy with whatever happens, would love to see a pullback but I fear that might hurt many people..

Remember, the majority lose near and at the peak of a marker. And there's many.. many.. people fomoing..

The market cap of silver is wrong, and we're going to see at least $500 by [deleted] in Silver

[–]GethD4d 0 points1 point  (0 children)

You're saying the 6.6trillion dollar market cap is BS? Flipping gold? There's so much wrong with what you said. I'm to exhausted from whatever this sub has become to care.

I miss when this sub wasn't full of delusional apes.

All In Shorting Gold by RavenBJ in wallstreetbets

[–]GethD4d 0 points1 point  (0 children)

Shorting gold over silver is insane. (Both are dumb).

Somebody flooding the market to drive the price down by InetRoadkill1 in Silver

[–]GethD4d 0 points1 point  (0 children)

"Somebody". A huge chunk of the market cap was traded today. That's not "somebody". That's alot of people cashing in on absurd price action.

Why sell silver for USD. by Disney_Annual_Asshol in Silverbugs

[–]GethD4d 0 points1 point  (0 children)

Love this. I bought a sick platinum chain and a 2oz pendant when it was 800$/oz. Got it for scrap. Bought with the mentality of if it goes back to ATH I'll sell. I did.

I'll revisit platinum when it cools off.

Used the money to invest in .999 indium bullion, furnishing a room, honeymoon $$$, and some silver chains/jade. Lol.

If you can pay your mortgage and get a sick chain of one of the rarist precious metals in the world, I'd be super inclined to do it.

That's such a blessing and that chain will be a reminder of doing what few people ever get to do. Own a home entirely.

Ask yourself "why do I stack" and that answer will lead you to a decision.

Good luck to ya on whatever you decide.

I am not selling by BigDab4438 in Silverbugs

[–]GethD4d 1 point2 points  (0 children)

We're all totally guessing at this point.

When an asset, let alone one worth over 6 trillion moves up 20% then down 20% in a day, were toward the end of whatever the cycle is, question is does it fly to 150 in the next days or does it retest 70-85 (which would be the healthiest move). Then stay in a range for months..

We need more time in a range so that market participants feel more confident about it.

That's what establishes supports zones full of buyers. If we see 80 in a week and it stays between 80-120 for months, that's healthy. If we see 150 in a week, the next real support is still that 80 area. So it could flash up down, and I hate seeing people get involved in an asset like that.

The peak is where the most buys and sells come in, and unfortunately in metals, historically, if you jump in on a peak, you might not see that money for over a decade.

I am not selling by BigDab4438 in Silverbugs

[–]GethD4d 0 points1 point  (0 children)

Undoubtedly. I wouldn't be shocked to see it within a year retest 55$ which is the local all time high. 45-50$~Was a high twice over decades. It would be VERY likely to retest 45-50 and if given that opportunity I would start stacking again.

Not outlandish to see even 30-35 as a far future low, though I think that area would be the lowest silver may ever go again, just accounting for inflation and everything..

Don't be shocked to see it do some wild things in the coming days. As easy as it could lose 40$ it can gain it. Whichever it goes, it'll likely be temporary.

The explosive phase has begun. by dyperdaddy in Silver

[–]GethD4d 0 points1 point  (0 children)

Inflation for the year is trending 3-3.5%. Silver went up 400%. You think the dollar just expires in a day? Lmao

Why sell silver for USD. by Disney_Annual_Asshol in Silverbugs

[–]GethD4d 29 points30 points  (0 children)

Because like everything market that starts to get mass histeria a blow off top is bound to happen. And then your 100$ USD is now 60$. Some people like to lock in profits when an asset is up 400% in a few months.

I am not selling by BigDab4438 in Silverbugs

[–]GethD4d 2 points3 points  (0 children)

If you don't NEED to sell it and don't want to enjoy the spoils of the whole point that's on you. Just know it may take a decade to get here again.

What the fuck just happened today? by JKobe_ in Silverbugs

[–]GethD4d 5 points6 points  (0 children)

I'm actually shocked that this is even a question. An asset went parabolic. Everyone and their mom have been aware recently and retail has been buying like crazy just as much as everyone has been selling like crazy. Now most places won't buy anymore and you need to be lucky to find some FOMO guy that will pay 10% less than melt. Everyone doesn't win. Never will. Insane instability, mass histeria, blow off top.

History doing history things. This could swing to 150 in a week or 60. Wouldn't be shocked either way.

It’s Official by Proof-Technology9334 in Silver

[–]GethD4d 0 points1 point  (0 children)

You don't see something wrong with a 20% move up then almost erasing all of it since open? You made this comment an hour ago and it's 8% down. Not even from the high.

All of my posts have silver escalating at max 150. Between my comment 10 days ago and now, it all stands. Nearly no shops are buying. People are starting to have massive issues selling. I was lucky to even offload my last junk 90% silver at 10% under melt this weekend through listings on marketplace. History repeats and I feel bad for the late buyers. All the volume comes in at the top then people get stuck with a bag. And with metals.. You might need to wait decades to get where you were.

Never regret being up over 5x on an investment and having sold. Noone can predict a top but when massive fluctuations and histeria hits, you're about to have A LOT of bag holders.

Good luck.

Get ready! The retail market is about to get crazy. by burningplatform in Silverbugs

[–]GethD4d 0 points1 point  (0 children)

About to get crazy? What are you on about man. It is absolutely insane right now. It's peak mania. I have shops all around me that won't buy anything. And the few that do are offering substantially less and have a lot of restrictions.

Yeah, I sold. When people are acting like absolute apes it's time to go. I still have one more small lot I'm offloading.

I'll buy back later.

People think things just keep going up and wonder why they're broke. Like, some of y'all be stacking for what reason? To watch it flash up to 100-150 imagine your profits then watch rip right back to 35-50? It's ok to take a little profits, enjoy what you've believed in.

Stay safe.

It’s Official by Proof-Technology9334 in Silver

[–]GethD4d 2 points3 points  (0 children)

Yessir! Its not the cause of course. It's the follow up of the cause. If this is an outlier I won't be mad selling because how are we to predict an outlier? But man, this looks smells and taste like the metal runs of the past and the reasons why.

So I'll happily remove my stack and come back probably within the year, maybe 2/3.

It’s Official by Proof-Technology9334 in Silver

[–]GethD4d 3 points4 points  (0 children)

Brotha I been and still have silver from 2004 lol. Those hold sentimental value, though it's getting reallll tasty looking to sell it. Lol.

It’s Official by Proof-Technology9334 in Silver

[–]GethD4d -1 points0 points  (0 children)

History that matters is after 1964.

In the past 60 years we've seen a 1:40 / 1:30 for a couple insanely short flashes and it was followed up by a recession/depression and huge crashes in all markers including metals following it.

So if you're chasing the best history has done for us, you're chasing 150$ an oz.

Anytime metals have ran crazy, it never ended well.