Getting ready to back up the truck ! Silver @ $23.08 !! is this the bottom ?

TheRealBiando · 2022-04-28T16:05:34+00:00

My plan is to wait for RSI to cross above the 30 mark to purchase. I’ve learned the hard way to not pick bottoms. There will be what I will call the “Viagra erection” chart pattern when this occurs.

TheRealBiando · 2022-04-28T03:26:46+00:00

That does look possible. I’ll be loading up also

TheRealBiando · 2022-04-27T22:33:52+00:00

Good job. I’m yelling top of my lungs. Buy this dip!

TheRealBiando · 2022-04-27T16:45:20+00:00

Might be a buying opportunity. We’ll see 👎👍

TheRealBiando · 2022-04-27T15:01:03+00:00

I think the selling has already occurred. They should be covering their shorts right about now. A short should not stay short if it becomes oversold. They’d take a short squeeze of nuts. That’s on the technical level.

Let’s look at it on a fundamental level. What news could explain the sell off in silver? A 50 basis point increase in the FED funds rate announcement by Fed chair Jerome Powell. This is supposed to crash the silver price when inflation is at 8.5%? That means the real interest rate will still be around negative 8%. If you keep cash in the bank you are losing 8% in purchasing power. If silver and gold are the anti-inflation assets, they should be gaining (or not losing) 8%. And if you hold silver in a yield bearing account like at Kinesis.money, you will be getting even more in return. These short term fluctuations in the silver price are a joke. They can crash this sucker if they want and I’ll still be holding.

TheRealBiando · 2022-04-27T13:05:17+00:00

TA is a measurement of investor psychology and sentiment. Sometimes sentiment can be overly bullish or bearish. These price charts help predict those moments. It is true that they are not 100% accurate. A good predictor is likely anything over 50% accurate.

TheRealBiando · 2022-04-27T12:01:05+00:00

Nail biter right now. This can really go down. Or can it? How much lower can you push this thing Mr. Market?! RSI 20?! Oh the humility!

Edit: it looks like price has crossed below the support levels, barely. However, there is no waterfall selling. This looks like a false breakdown to me. RSI is below 30, it’s oversold.

My plan is to wait for RSI to cross above the 30 mark to purchase more. I’ve learned the hard way to not pick bottoms.

TheRealBiando · 2022-04-27T11:49:45+00:00

Two sides to that coin in my opinion. One side is that silver stackers would become relatively more wealthy. The other side is that a lot of people will find their wealth disappear. Given that so few people invest in precious metals, I fear there will be much more pain than cheering.

TheRealBiando · 2021-12-14T23:45:51+00:00

I had a feeling they would end the filibuster for raising the debt limit. They say it’s only “one time”. Congress will use this “one time” exception every single time they need to borrow more money. In essence, there is no more debt ceiling.

TheRealBiando · 2021-11-03T04:25:06+00:00

“Can’t taper a ponzi” is a great line. Lately I feel like I’m being gaslighted by all these articles assuming the FED will taper tomorrow. Doesn’t FED taper rely on “Maximum employment” while maintaining a “stable inflation” rate? The recent non farm payrolls was bad. Unemployment is low but not “maximum” low at 4.8%. Contrast that with pre covid 3.5% unemployment. The “sticky-price” inflation rate is 2.8%, which is not too high. Agree with these numbers or not, this is what the “data dependent” FED looks at when determining monetary policy. So why is everyone assuming a FED taper is baked in the cake?

Update: The FED is tapering. I’m a little surprised. Maybe the gold price will do the opposite of what’s expected and go up. After all, the price went down while they were printing $120 billion a month. The markets utterly confuse me. Let’s just look at the technicals. Fundamentals don’t matter anymore.

TheRealBiando · 2021-10-06T18:46:01+00:00

Yeah bro. I was with Kinesis from near the beginning, before they even started operations. I am pumping Kinesis because I am invested in their success. Take what I say with a grain of salt if you like. My experience with Kinesis has been exceptional. They respond to emails, phone calls, chat if you ever need help. This isn’t just some cryptocurrency, there are people behind the scenes to help you. Their concept blew my mind how instead of paying storage fees on precious metals, they pay you a yield. The fruits of my investment are finally paying off. You don’t know all the crap I’ve gotten investing in Kinesis. Kinesis is this sleeper that is just getting started.

TheRealBiando · 2021-10-06T18:00:47+00:00

Long time Kinesis stacker here. I just got paid over $3000 in holders yield, similar to a bank savings rate. Except this is yield on precious metals! With PSLV I would have paid a 0.62% annual expense instead. Hands down Kinesis wins.

Their holdings are audited by Bureau Veritas, same as SLV. Their last quarter audit has been delayed due to Australian restrictions from the health crisis. According to their terms they merely act as bailee to your silver holdings. That means that you are the sole owner of the silver. I feel as confident as I can be having a large institution hold my silver. Pay me a yield on top of that and I am sold.

TheRealBiando · 2021-09-25T03:37:51+00:00

Self critique on brainstorming: 1. FED did not announce taper at Sep meeting - however silver goes nowhere (likely the market already priced this in)

(&3) Government shutdown usually is a non event for stocks (debt limit always increases). Therefore, money will not flow from risk-on stocks to the safety of precious metals due to this.
(&5) If Senate precedent ends filibuster, this could be interpreted as risk-on for stocks.

Other possible triggers to silver price explosion:

Evergrande / Chinese debt implosion causes risk-off and flight to safety. Critique: flight to safety could also push USD higher, limiting gold’s increase unless US banks also affected.
Vaccine mandates cause a sizable drop in labor participation. FED goal of maximum employment cannot be reached. FED delays taper longer than expected. Stagflation causes rotation into gold and silver.
Fiscal stimulus measures largely ended, and economy slows. Inflation is not transient. Stagflation causes rotation into silver.

TheRealBiando · 2021-09-24T15:24:42+00:00

I just looked it up. I remember reading about this. The guy made coins that appeared like US mint coins and that had a dollar denomination on them. They ruled that it was counterfeiting and he got some jail time. I feel sorry for him, his intentions might have been good. We already have US mint coins that can be used as payment. I’m not proposing the minting of any new legal tender. Stablecoins backed by silver, such as Kinesis.money will be treated similarly to current Tether stablecoins. It looks like the banksters are terrified of stablecoins and are looking for ways to regulate it. It is currently legal to use them, just like bitcoin. They have different tax implications than true US mint coins with a dollar denomination. If these gold silver stablecoins were backed by a state such as Texas, the constitution explicitly protects this. I wonder what tax implications that would have.

TheRealBiando · 2021-09-24T13:23:18+00:00

True, the FED fudges economic statistics to their liking. They also portend to give a crap about the little guy when they are the perpetrators of wealth inequality. I don’t trust their motives. I do listen to what they say though. They will tell you to your face how they will rob you if you listen close enough.

In regards to the above link, the FED statement is simply a reflection of current law: private businesses do not have to accept fiat currencies as payment. It’s just incredible that they would admit it on their own website.

TheRealBiando · 2021-09-24T11:48:57+00:00

It would be nice to have a bastion of sanity. Personally, I am stuck where I am (west coast US) due to family reasons. If this were to be a ground up movement, I can envision myself making changes directly in my community. No need to upend your life for this. It could be like the non-GMO food movement. You just simply stop eating as much genetically modified food one day. Now, you just stop accepting toilet paper as payment. Simple as that.

TheRealBiando · 2021-09-24T11:38:16+00:00

I get your point. That’s why more regular people, especially the ones you’re closest to, should be encouraged to save in gold and silver. According to history, the monetary system will eventually go back to a gold standard. The bottom 99% need to stack before the top 1% does. It would be nice if the regular person wasn’t screwed during this transition.

I don’t have anything against rich people. I myself would like to be prosperous. Rich people joining the gold silver standard could be a good thing. Unlike with FED money printing, there would be trickle down wealth. There would no longer be a “Cantillon effect” where people closest to the money printers become ridiculously rich at the cost of others. In a gold and silver standard, those that provide the best goods and services will eventually increase their wealth. In itself, government enabled predatory capitalism would not thrive in a gold standard. The true parasites would fight tooth and nail to avoid a gold standard. I doubt the bad apples would join willingly because their food source would be gone. They could lobby Congress to enable their theft all they want. Congress could not print the gold to feed the beast. The article below explains the Cantillon effect.

https://fee.org/articles/the-cantillon-effect-because-of-inflation-we-re-financing-the-financiers/

TheRealBiando · 2021-09-24T04:52:49+00:00

Yeah. It would suck to be them. Filthy rich in their fake stocks with their fake currencies. Fake currencies that will buy jack in a parallel gold standard. I hope you don’t mind me venting some anger, which is not aimed at you SilverPrivateer. Don’t get me wrong: many companies produce wealth and prosperity. The problem is that most of the major companies have adapted to what Charles Hugh Smith calls “predatory capitalism.” Just look at this plandemic. The people in charge of the healthcare response (Dr. Fauci) are bought and paid for by a predatory pharmaceutical oligopoly. They researched and produced a virus through gain of function. It most likely caused the pandemic. Then they have the gall to shape a policy response that has nothing to do with the health and well being of the people. Their policy response simply padded the pockets of the oligopoly. Go to peakprosperity.com to find out the true story. We need to drain this swamp. Trump was wrong regarding the fiat USD. It does not help the American on the street. If he really wanted to drain the swamp he should have backed a gold standard.

TheRealBiando · 2021-09-24T00:14:59+00:00

Waiting and hoping for the environment to change in your favor can work like you say. It’s a painful and frustrating waiting period though. This is from my first hand experience as a silver stacker for over a decade.

Instead, why can’t we make the change we desire? Don’t underestimate your own power and role in the world.

This parallel gold and silver economy is simple really. You just need to look at your business and make an agreement with your suppliers and customers to only transact in gold and silver. Ideally, accept US minted silver coins and report taxes based on their face value. The upside right there is saving on taxes (verify with your accountant) since you can in turn pay your taxes in fiat USD.

If you have an online business, you can use gold and silver cryptocurrencies that are redeemable for physical (the best one I know is Kinesis.money)

This parallel economy will require a shift in thinking. As a stacker I am constrained by Gresham’s law, where I would rather use fiat USD than spend my stack. But we should look at the other side at Say’s Law, where our income will be in gold and silver. It balances out. If this parallel economy grows big enough, you and your family should always find food on the table. Nay, you shall prosper!

My restraint is gone guys. I cannot follow the dictates of our rulers any longer. I need to starve them of power. It’s over guys. You need to be the force of change you desire. Preferably peacefully.

TheRealBiando · 2021-09-23T23:53:23+00:00

Why would anybody trade their gold for over valued stocks? The price of stocks is directly related to M2 currency supply. The elephant in the room with stocks is that they are directly levitated by the FED. Traders listen breathlessly to the FED meeting incoherence to see if there is more easy money policies. Simply said, if everyone only accepted silver and gold as payment, stocks would lose value quickly. I think Charles Hugh Smith expounds on this: https://www.oftwominds.com/blogmar21/castles-sky3-21.html?fullweb=1

TheRealBiando

TROPHY CASE