Gold silver are just coming to life

Mo · 2025-06-02T17:07:52.933053Z

Apart from the current standard reasons "geopolitical uncertainties, expectations of interest rate cuts, weakening US dollar", I can't think of any 🤷♂️ $PHAG $IGLN $EWG2 $SPGP $GDXJ $FR $FF $BTO

Ph1l1pp@Ph1l1pp

5D

but this morning @_Hippo_ still wrote that gold is going down 😪

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Epi@Epi

5D

@Ph1l1pp GQ is one of the best contra indicators I know. 👍

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Ph1l1pp@Ph1l1pp

5D

@Epi I have also noticed

Since then I've hardly been on GQ anymore

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Epi@Epi

5D

@Ph1l1pp That's what I once thought. But that could be a mistake. Why not use the indicator for timing: when in doubt, just look at GQ and simply do the opposite. 👌

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Mark777@Mark777

5D

Coffee is currently worth buying🤑

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Mo@BigMo

5D

@Mark777 Coffee always a pleasure ☕️

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Epi@Epi

5D

@Mark777 Already invested? $3CFL 😉

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Mark777@Mark777

4D

@Epi No, I used to have that, I'm in too many other things, so I have to get rid of a few loads first.

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Epi@Epi

4D

@Mark777 I have now entered with a small position (2k) and a tight SL.
The chart is currently at three massive support levels (trend, SMA200, Fibo). There are certainly a few % in there. 👍
My gambler's heart also wants a little something to do.

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Mark777@Mark777

4D

@Epi keep us up to date, I'd be interested to see what you get out of it🤑
To all those who play the lottery>> Go to ☕️ 😄

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Mark777@Mark777

2D

@Epi I've now also started at €12.50...the pocket money shouldn't be lying around pointlessly🤫😆

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Epi@Epi

2D

@Mark777 At €12.50? Well, that's a double espresso after all! Maybe it'll even be a triple. 👍

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Mark777@Mark777

2D

@Epi At the rate of €12.50 with €350.
I could definitely invite you for coffee and cake at the moment😆

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Epi@Epi

2D

@Mark777 Oh! BEI not WITH! Yes, there is a difference. I used to speculate with amounts like that. But with the size of my portfolio now, I have to put in more for it to be noticeable at all.

But I don't have coffee and cake. The profits (if any remain) go into the savings pot. 👍

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Mark777@Mark777

1D

In percentage terms, that should be about right😆

You're doing that right 👍

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Epi@Epi

5D

$3LSI 🚀
I've had it for 2 weeks. Things are finally moving in the right direction. 😬

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Mo@BigMo

5D

@Epi You can never rejoice too soon with silver 🥹

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Epi@Epi

4D

@BigMo Tell me about it! Silver is a real bitch! I have the feeling that 99% of price movements are made in 1% of the time.
Every now and then I venture into the market. But every time I have to watch out like hell that it doesn't rip me off. Hit and run! 😅

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Mo@BigMo

4D

@Epi Riesen… Cup…. And… handle 😬

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Epi@Epi

4D

@BigMo Sure. But how do you recognize a real outbreak? 🤔

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Mo@BigMo

4D

We are still a long way from the ATH. From $50 it will be interesting but that may take some time 😐
If we see a consolidation at the ATH and a monthly close above it, I would add leverage again.

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Epi@Epi

4D

@BigMo I have often had such plans in similar cases. The problem is that you rarely get any meaningful value at the monthly close. What use is it to you if silver makes a new ATH on the 3rd and is already 20% higher on the 30th?

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Mo@BigMo

4D

It is difficult to find a clean entry with such a large formation that lasts for decades.
After a new ATH, it can go down for months...
I will evaluate the price action when the time comes (or not)

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Harald@Madhatter5566

4D

There are many reasons. In my opinion, gold is still a safe haven because it is decoupled from the economy. Silver is more of an industrial commodity, which can be sold off accordingly.

Personally, that's fine with me. Even though I've been trying unsuccessfully to reduce my overall share of commodities for two years now....

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Mo@BigMo

4D

@Madhatter5566 You want to lower your total commodity holdings to shift into Bitcoin, right?
I knew it 😏

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Harald@Madhatter5566

4D

@BigMo Certainly not. I don't think Bitchcoin is sustainable, let alone more than tulip bulbs and a waste of energy.

Rather conservative portfolio next to my gold pile. But it's growing in value faster than the rest:(

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Testo-Investor@Testo-Investor

3D

What do you mean by right now? Gold has been running brutally for several months

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Mo@BigMo

3D

@Testo-Investor This was the case on Monday when gold rose by 2.9% in one day, silver by 3.7% and some mining stocks by 10%.

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🪙 Gold & silver are just coming to life 🚀