Commodities Update: Technical Analysis: STRONG SELLING PRESSURE
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- čas přidán 21. 05. 2024
- #gold #silver #platinum #investing #stockmarket #commodities #twitter
#uranium #oil #naturalgas
Stronger dollar and yields today creating some selling pressure across the board today.
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Even when we lose money I cherish your positive attitude….we all know life has its UPS & Downs…😀👍🙏🙏🙏
Scotty
Still green on the week so I’m not sad. We are gonna have much scarier and more serious pullbacks on the way up this mountain
Metals needed the pullback.
I see it pulling pack abit further and then another 10-20% increase over the next month and then with another 10% or more for the final pullback which lasts a month or so and then after that we will be all very happy.
Silver $52 by November
I'm hoping for a drop on silver to below $30.00. Then it's time to stack a bit more! 😊
It’s based off inflation data and fed stance(hawkish or dovish) that’s what drives markets short term. Sentiment is key
I have owned silver since 2006. I stacked hard between 2009-2011. If I were you, I would not stack at this level. Let the general public do that. If I were you, I would go for the stocks. You'll get a chance to stack again after we have our next blowout crash. It's up to you, but I have seen silver much lower than this. Right now, the silver spot is over $30 while First Majestic Silver is at around $7.50. Ridiculous! In 2021, First Majestic went from about $5.00 to $25.00.
@hennagaijin7856 I agree. I'm buying some GDX & GDXJ, aa well as a few individual miners. Just want to top off on a bit more physical.
Thanks Andy
What triggered the sell-off in metals?
Millions of PAPer ounces are put into the market to reduce the price ...... what selling pressure are YOU talking about ???
its tampering at its best ... no normal sound person would sell any silver ounce now that it is above 30 !!!
or gold which is close to 2400 ... rather than millions of them !!!
WOW. Got destroyed today.
I was down 3% today after being up over 10% last week… I’ll take that
@Mike-Ham, I was also down about 3.25% on the day. Don’t know where I was last week, but I checked month to date and I’m up about 7%. Not bad.
Metals downnnn😢
👍
NVDA over $1,000 After Hours trading
Told y’all, oil and housing are crashing 🫵🏼
Thanks Andy