In this report I cover the early market action from London on Tuesday July 11th, 2017. I also look at the recent market action in gold, silver and mining stocks.
Silver looks like its in a large descending channel. So you may get some upswings, but the highs will be lower than the previous one.
Gold looks like a consolidation from the prior rally. Could get some traction, but when price plateaus like this it has a vulnerability of retracement after a while.
I just wish I had more cash available to buy on these downtrends, when the market dips and I buy some more it just seems to dip even further haha. But this should not scare long term crypto investors
@maneco64 Ha-ha I was thinking we would know a bottom was reached when silver mining corporations go bankrupt, but I hope you are correct and some opposition to the central banks have some kind leverage to impact the manipulated markets.
I like this gentlemans videos,he's very accurate on the facts of who is really controlling this world and the more people that know the better we can all fight them.
Then Gold and Silver miners must be suffering with these (manipulated) suppressed prices in the metals. How long will they continue to 'just go along with the program' ... your thoughts?
Thanks for this Amazing video
You are welcome.
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Great video as usual. Very informative. Keep up the phenomenal work my friend.
Thanks @ hoss403
Thanks for todays info report. I grabbed a little more Steem while it was under a dollar yesterday.
You are welcome Robert.
Silver looks like its in a large descending channel. So you may get some upswings, but the highs will be lower than the previous one.
Gold looks like a consolidation from the prior rally. Could get some traction, but when price plateaus like this it has a vulnerability of retracement after a while.
Not really optimistic on either one, honestly.
I just wish I had more cash available to buy on these downtrends, when the market dips and I buy some more it just seems to dip even further haha. But this should not scare long term crypto investors
It's possible based on the ratio. Please check out my post from yesterday on the ratio if you get time:
https://steemit.com/steemsilvergold/@unclehermit/big-silver-move-ahead-gold-silver-ratio-hits-resistance
@maneco64 Ha-ha I was thinking we would know a bottom was reached when silver mining corporations go bankrupt, but I hope you are correct and some opposition to the central banks have some kind leverage to impact the manipulated markets.
I like this gentlemans videos,he's very accurate on the facts of who is really controlling this world and the more people that know the better we can all fight them.
ty man, new silver channel here, peace
Then Gold and Silver miners must be suffering with these (manipulated) suppressed prices in the metals. How long will they continue to 'just go along with the program' ... your thoughts?