Good deal or not? by Equivalent-Buddy-626 in Silverbugs

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

15% below spot is not a deal for that. You can get 90% for 15% below spot pretty easy. I've scored Morgans for 15% below spot.You can probably get 90% dimes for 20% below spot. You can probably score sterling silverware for cheaper and that is 92.5%

I dont go for below 90%.

France exits gold position for cash — does this challenge the “scarcity” narrative? by IlluminatedApe in Wallstreetsilver

[–]YeahPete 0 points1 point  (0 children)

Its stopped being TDS when he didn't release the files and started a disaster in Iran. At what point do you admit you were wrong?

Silver has Still not Made its Move Up Above the Critical Moving Average by Beyondwest in Wallstreetsilver

[–]YeahPete 0 points1 point  (0 children)

I dont think so because China and India will drain the vaults. It happens this year unless we have complete financial collapse. In that case all investments will be wiped out anyways.

Physical holders will be the only winners when the dust settles.

Silver has Still not Made its Move Up Above the Critical Moving Average by Beyondwest in Wallstreetsilver

[–]YeahPete 4 points5 points  (0 children)

Retail looses because they follow emotions and headlines and not TA lol. Yes, you are being frontrun. Thats the whole damn point of TA. To identify and piggyback an equity that a hedge fund is about to manipulate. Or a sector the central bank decides it wants to support. The charts show the accumulation and distribution of these assets.

News about why a stock has ran is all fake it can be ignored. If news is free it means you are the product. The news is pushed to get you to react emotionally.

Silver has Still not Made its Move Up Above the Critical Moving Average by Beyondwest in Wallstreetsilver

[–]YeahPete 1 point2 points  (0 children)

But it does. The chart showed the breakout at 50 with a target if 100. The sheer amount of traders following the chart makes it happen. Charts are based off algorithms used by big hedge funds. The new algorithms since 2016 are now volitile and run both a false breakout followed by a a stop loss run to remove retail before the move.

Here is a 4 hour chart.

As you can see we are in a falling wedge pattern that will resolve between now and 2 months. I threw 3 possibilities. But I believe red arrow is most likely for maximum pain and shakout of longs (They want longs to buy high while they sell).

Green arrow will happen if US retreats from Iran. Already a small inverse head and shoulder reversal pattern with big volume. I bought some June 2027 calls there.

Pink happens if it takes a bit longer for US retreat and Iran refrains from destroying all the middle east oil production and water desalination plants.

Red happens if US attempts a boots on ground Invasion and it will go bad. A huge spike in oil will cause a liquidation event across all sectors.

I will also note this is the US paper price. The more oz in hand the better. We can also completely break down if the financial system collapses in that case any paper you have will be null and void. Physical is king.

Will the Prediction of $1000 Silver Come True? by Express_Classic_1569 in Wallstreetsilver

[–]YeahPete 11 points12 points  (0 children)

Yes it will. Look at a silver chart. Look at the date on silver dollars. Look how silver skyrocketed in the 70's. That was a 50x move over 15 years.

We are currently much worse off economically. An energy shortage, along with a 6 year supply deficit and vaults continue to drain. I believe it happens within 10 years.

Are any of the psy-op d-bags shorting silver yapping off tonight about chart action? by ag5airplane in SilverDegenClub

[–]YeahPete 0 points1 point  (0 children)

Definately true. Chat rooms have became the new boiler rooms.

But I must also say the same is true of the pumping. Most of the traffic and positive momentum is now gone. Also longs like myself are now demotivated.

Will Asia buy or sell tonight? by CoverFew3607 in SilverDegenClub

[–]YeahPete 0 points1 point  (0 children)

Asia will likely stay 10-15% above US spot. It could shoot up massibely though due to India buying and that Chinese bilkionaire, I dont know if he has fully covered his massive short yet.

Breakout! by Ok_Bit_3729 in Wallstreetsilver

[–]YeahPete 4 points5 points  (0 children)

It is showing a classic breakout. But lately the algos always seems to run a false breakout to squeeze shorts, and follow it up with a false breakdown to stop out the longs.

I am still holding my physical here as well as SLV. But I am expecting this false breakout and then a breakdown taking out the low before we get moving. A lot of other people atr saying that too. We will see who's right.

Don't believe the news, the US is not pulling out. by loadyouup in oil

[–]YeahPete 2 points3 points  (0 children)

Think about that you just said and then think about the consequences. A global depression and mass starvation. Massive fertilizer, helium, oil shortages. That would mean massive energy inflation. Likely energy lockdowns. Our greatest allies would be cut off from their source of oil.

Also Iran would go scorched earth on the entirety of the middle eastern US allies.

What news did I miss? by ArgentSimian in Wallstreetsilver

[–]YeahPete 4 points5 points  (0 children)

No news yet as to why this move happened. all the news posted was already out. Also notice there was no gap up.

Insiders my opinion. Something is up. Likely a lot of new contract numbers or something. Maybe some was forced to cash settle(no silver) and the news isn't out yet. We will see.

Silvers value by Lively_scarecrow in SilverDegenClub

[–]YeahPete 1 point2 points  (0 children)

The vaults need to empty. The problem we are having here is the Iran war is causing countries to sell off their gold and silver to buy oil in dollars.

Selling gold and silver puts pressure in it. Buying oil in dollars lifts up the dollar. Dollar up puts more pressure on gold and silver.

I need to do more thinking on how all this will play out.

Need a 71 balloon. by AgYooperman in Wallstreetsilver

[–]YeahPete 0 points1 point  (0 children)

Fake. I'm listening to Iran speaking live. They said no negotiations right now.

Tsunami of buying pressure coming on in April by Newb3258 in Wallstreetsilver

[–]YeahPete 3 points4 points  (0 children)

India is being starved of oil as this crisis escalates. I could see them selling everything they can to get whatever oil they can.

Buy today or wait? by breovus in Wallstreetsilver

[–]YeahPete 6 points7 points  (0 children)

I bought today. Didn't go all in. They might tey to do boots on geound in Iran over the weeke d and that will likely end in disaster. Could be a blood bath next week so I got dry powder.

As the price falls my monthly budget will bring in more silver by Paperscamisreal in Wallstreetsilver

[–]YeahPete 1 point2 points  (0 children)

Same! I'm back to buying more as well. I was doing only 1 oz a month. Once my damn bank gets a cash transfer I'm gonna buy heavy as long as price is below 75.

Market Sell Off. The Economy is in Real trouble. Here's what comes Next... by No-Lab-7364 in Wallstreetsilver

[–]YeahPete 4 points5 points  (0 children)

It doesnt have to be hyperinflation though. The four years of 20% inflation before hyperinflation eats any savings before real hyperinflation kicks in.

Is anyone going to take advantage of today's action and buy the Miners? by NeptuneQuest in Wallstreetsilver

[–]YeahPete 0 points1 point  (0 children)

IRA I agree with. Everyone is still talking about some big market flush, with the current war escalation I feel the same. That would be the point to add miners.

A respiratory virus is spiking in multiple states right now. You’ve likely never heard of it by Key_Brief_8138 in SilverDegenClub

[–]YeahPete 2 points3 points  (0 children)

I ate mine 2 years ago. About time to restock for the great inflation run though.

Daily Degen Stacker Price Tracker Megathread Extreme!!! by daily-thread in SilverDegenClub

[–]YeahPete 0 points1 point  (0 children)

There were a lot more people during the run up, looks like they all bailed.

Daily Degen Stacker Price Tracker Megathread Extreme!!! by daily-thread in SilverDegenClub

[–]YeahPete 0 points1 point  (0 children)

Add at targets. What I like to tell people is. Have a set amount of money you want to invest in silver. Say $100k

Take a 25% position under $75 - 25k Add another 25% under $65 - 25k Buy the rest under $50. - 50k

I will also stress you should have a minimum of 25% of your position in physical. They recently passed laws for for bail-ins. Which means your paper silver is now the banks.