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Silver at $43.95 is flashing the warning lights for an imminent correction.
Maybe I'll be 100% wrong but something tells me otherwise.

Cheers.

What makes your warning lights go off? Correction down to $35 range?

I think we might see a correction/profit taking closer to $50.

Heard the same thing at $30, $35 , and $40.

slickeast wrote:Heard the same thing at $30, $35 , and $40.

From Jon?

In his own thread?

Totally channeling the Babe calling his shot. And we all know what happened there.

slickeast wrote:Heard the same thing at $30, $35 , and $40.

Good point- sort of. Representation of such signals is not accurately characterized with your alleged levels and the prior lucky signals worked just fine thanks. Your tone seems quite baited.
Nonetheless, prior corrections were in the $2-4 structure. Closer in similarity (but not quite the same) to when I was looking for the massive upside wave higher when silver broke $17, the current signal is perhaps structured to be much greater than prior corrections. You may disagree. That is fine. We all understand in what we believe and believe in what we understand. I'm not here to stir the pot, just here to share like any other.
Cheers!

highroller4321 wrote:What makes your warning lights go off? Correction down to $35 range?

I think we might see a correction/profit taking closer to $50.

It's just the trading system that I use. It can be wrong just like any other since nothing is perfect for sure. There really isn't a downside target, however. The future is unknowable but the signal is coming from higher octaves than prior correction signals. Let's see....

Cheers

I also expect a downward correction.

I dont think if silver went down $2 - $4 I would consider it a "correction" I would just call it normal silver volatility as of late. I do think the correction has been happening for a while. A correction of the massive short selling and correction of the over supply of paper silver.

Jonflyfish wrote:Silver at $43.95 is flashing the warning lights for an imminent correction.
Maybe I'll be 100% wrong but something tells me otherwise.

Cheers.

Don't know if you're right or wrong, nor do I pretend to have the knowledge to judge. But what about $43.95 is "flashing the warning lights" that wasn't evident previously?

Jonflyfish wrote:Silver at $43.95 is flashing the warning lights for an imminent correction.
Maybe I'll be 100% wrong but something tells me otherwise.

Cheers.

JFF, love you like a brother, man. I don't own any paper assets. Wouldn't begin to think about shorting AG. That said, I really, truly, appreciate hearing your insight on what prices are going to do. Call it a reality check, for the lack of a better word.

There's a politician, S.I. Hayakawa, been dead about 20 years, who wrote something that applies here:
If you see in any given situation only what everybody else can see, you can be said to be so much a representative of your culture that you are a victim of it.

Although I fail regularly, I don't want to become a victim of my own close-minded thinking.

One more from Hayakawa:
You guys are both saying the same thing. The only reason you're arguing is because you're using different words.

Put spread baby!
I'm in!

Thank you to all for such kind remarks. Now overweight with increased gearing and core short @ 44.29

Cheers

Scaled in for last $2. Position is quite heavy now. Looking good. The future is unknowable.
Let's see...

Will silver drop? Sure, it always has it ups and downs. May drop here and may go to $60 and "drop" to $52. Learned long ago that timing is not my thing. I just buy and stack, sort and stack and repeat. Just sure in the long term it will keep going up as things stand.

Still, wish you luck JFF.

shinnosuke wrote:

Jonflyfish wrote:Silver at $43.95 is flashing the warning lights for an imminent correction.
Maybe I'll be 100% wrong but something tells me otherwise.

Cheers.

JFF, love you like a brother, man. I don't own any paper assets. Wouldn't begin to think about shorting AG. That said, I really, truly, appreciate hearing your insight on what prices are going to do. Call it a reality check, for the lack of a better word.

There's a politician, S.I. Hayakawa, been dead about 20 years, who wrote something that applies here:
If you see in any given situation only what everybody else can see, you can be said to be so much a representative of your culture that you are a victim of it.

Although I fail regularly, I don't want to become a victim of my own close-minded thinking.

One more from Hayakawa:
You guys are both saying the same thing. The only reason you're arguing is because you're using different words.

Such true respect is a two way street. Many here such as yourself are like family. The quotes shared are genuine and profound. Thank you!

For my part its hope it goes down some as buying at $35.00 + for 90% and $45.75 for .999 is more than I'm comfortable about spending as I should have stacked more
when it cost less in FRN . $50.00 is a big hill for me I'll be lucky to get a round every other week at $45.00 level.

Jonflyfish wrote:Silver at $43.95 is flashing the warning lights for an imminent correction.
Maybe I'll be 100% wrong but something tells me otherwise.

Cheers.

By my very simplistic reckonings it should have corrected between $31 and $35, and then grown on up to where it is now, with another correction after that. In other words, we skipped a correction about three months ago.

The market is behaving differently from what it has for about eight years now. There are different dynamics in play now.

But what do I know? I have been predicting $50 silver for six years now.

Whadayasay up $2 today???

as they are fond of saying on ZeroHedge

BTFD!

(buy the dip)

Core short is added @ 44.77

BTFD for physical, STFR now to protect and serve

No more adding for this shot. Stops are all set @ 47.77

So do we think the dollar will get strong as pressure builds to raise interest rates to be competitive with other currencies. Rates go up, then the ability for US to even pay the interest will become impossible. Interest payments are approaching an unsustainable point of equaling our GDP. Print more money to pay debt and inflation skyrockets and Silver will only go one direction. I think smart and big money is moving into Silver. If there is a correction it may be upward to historical gold-silver ratios.

Perhaps we are seeing a massive correction...to the upside! If one embraces the historic ratio of 16:1, then we still have a ways to go before silver goes flatline. On the other hand, if this ratio is archaic, or will be circumvented by manipulative forces; then anything (up, down, all around is possible).

The other thought I have is that for those of us who are not people of means this is a difficult time. Should we sell, pay off all or most debt, and be thankful. Or should we protect our ability to feed our family in what may be a "radical transformation" of our country? It reminds me of "Who wants to be a Millionaire?" Those who stop when the question gets way over their head show prudence. Perhaps this forum is like the various forms of help on that show, "call a friend", "poll the audience", etc.

Carefully invest in things of real value. I have stopped investing in my 401K, because I believe it is a black hole where nothng is a safe choice. Food stockpile what you can, healthcare, water, guns and ammo, energy sources. Most people will be unprepared. Desperate people will do anything to feed their families. It actually is not good that the dollar is falling in value. Food will actually be worth more than silver when things get really bad.

Tourney64 wrote:So do we think the dollar will get strong as pressure builds to raise interest rates to be competitive with other currencies. Rates go up, then the ability for US to even pay the interest will become impossible. Interest payments are approaching an unsustainable point of equaling our GDP. Print more money to pay debt and inflation skyrockets and Silver will only go one direction. I think smart and big money is moving into Silver. If there is a correction it may be upward to historical gold-silver ratios.

The fiat currency battle is still about interest rates. When the fed signals rate bias changes, you will see USD exchange rates strengthening. Smart and big money cannot allocate out of USD and into silver. Very little of the entire fiat base globally has allocated into silver. Many trillions in fiat. A few hundred million ounces of silver x 30, 40, 50, 200 or even 1000 can't come close in replacement to the current fiat base. Silver is a very tiny market in comparison. In fact, it would only take the existing fiat base of a handful of some of the largest hedge funds to accumulate the entire physical supply, which is a very tiny fraction of the fiat community.