I like the way it held in over the last week as interest rates went up.
Short leash. Out under today's low.
Stock mkt might be a better long.
Cheers.
Outstanding to see you back, joj!
Gold and Silver are not something that I would ever trade, however my wife and son in law have been in the electroplating business for most of their lives so it's one of the few markets that I can discuss with family, related to the fundamentals and price where it always results in a great, 2 way conversation!
I've been reporting the price of silver to both of them on the way UP and down, including the past 2 weeks to Deb.
Much more to come. Keep us posted, please!
My opinion in the metals means squat!!
Previous thread:
Silver/Gold 2-8-26
27 responses |
Started by metmike - Feb. 8, 2026, 7:41 p.m.
https://tradingeconomics.com/commodity/gold
1. 10 years. Historic, exponential/parabolic move higher with a steeper and steeper upslope that can never be sustained and almost impossible to predict the end of. Then the collapse lower almost as fast.
2. 1 year: Descending triangle/wedge?? Solid support from the late October 2025 reaction lows at the base of the triangle. Also a solid downtrend line since the top this year with prices already correcting 1,500 since then.
3. 1 month: Make what you want of that. A case for both the bulls and bears.
4. 1 week: Symmetrical triangle. Tightening wedge with lower highs and higher lows.
As insane as gold was, silver was much MORE insane.
https://tradingeconomics.com/commodity/silver
1. 10 years: Same parabolic/exponential move with an even STEEPER slope higher than gold.
2. 1 year: Dropped 50% from the extreme top(double the % drop of gold) but still not down to the late October 2025 support that Gold has (almost) tested recently. That's because Silver had the much greater spike up.
No follow through over night. Took loss at 4110.
Thanks very much for sharing the trade, joj!
One of the many things we sometimes overlook in our lives (not you) is appreciating historic things happening around us all the time.
Mostly historic GOOD things in technology, advancements in medicine and so on.
One can make a case for historic levels of beneficial CO2 (since humans walked the earth) and the impact on climate from the greenhouse gas warming.
What the heck does this have to do with gold(silver)?????
We are still in the midst of an historical move to record smashing highs and now the retreat in these metals!!! No other humans have witnessed this and most importantly, combined with our technology to watch every tick trade on our electronics from any place/time we want in markets that trade around the clock during the week.
Place orders that are filled instantly instead of waiting for the market to open in the morning and call up a broker, who sends it to the floor, then waits for the fill, then calls you back XX minutes later in the 1990's.
Look at price charts and data updated to the second on our electronics instead of hand plotting charts.
A wonderful time to be a human being compared to our ancestors, especially somebody that trades or even just follows markets!