Tangibleist.
Joined August 2024
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Silver’s bottom is either between $48-54 or $34-40.
If you believe it’s the $48-54 range as I do, you should be buying aggressively.
If $48 fails as support, more algo selling could give us the gift of $34-40. Be ready to buy then, too.
White Metal Macro ✊🏼 retweeted
All miners should collectively go on strike...
It could solve price discovery in precious metals fast and potentially save us all from WWIII.
@NewmontCorp @barrick_mining @agnicoeagle @kinrossgold @GoldFields_LTD @EndeavourMining @AlamosGoldInc @EquinoxGoldCorp @Wheaton_PM @FrancoNevadaFNV @FMSilverCorp @PanAmericanSlvr @HeclaMining @CoeurMining @SIBSTILL
The Gold to Silver ratio was 67 in early October. It is now approaching 80 less than a month later. The last time the GSR was this high was November 2025. I’m buying silver over gold right now.
The problem with precious metals is that if you ever want to sell you have to find a greater fool.
Oh never mind, that’s actually bitcoin.
This 3rd wave of inflation is going to be one for the history books. Wave 3 will arrive before in 2028, and break out of the long term resistance to go much higher.
You better be positioned before then. No promises the exit ramps will still exist when you need it most.
Palladium is starting to look really attractive to me between $900 and $1,000. It’s trading at pre-COVID levels now, and has strong support in this range.
Diversification is a responsible strategy for any investor.
For example, I’m well diversified between junk silver, silver eagles, silver ETFs, and silver miners.
Am I doing this right?
Nothing makes me happier than seeing people who have no real conviction in metals finally tap out near the bottom.
This sector isn’t for the weak. It will test your conviction.
People hunting to coattail “bubbles” always get burned. You either have conviction or you don’t.
Bubbles tend to originate coming out of a major multi year cycle low. Metals had a chance to transition into a true bubble phase but gold needed to recover quickly after the Jan. crash. The Feb. rally needed to recover the all-time highs and then breakout. That didn't happen.
I was willing to give it one more chance. The April rally needed to recover the all time highs. We rode that rally in miners and recovered most or all the losses from our leverage. But it topped way too soon and we exited close to the top. We have been on the sidelines ever since.
At this point I think we missed the chance for a final bubble phase. That means we will have to wait for the next multi year cycle low before metals produce the next setup to produce a final bubble. That 8 year cycle low isn't due until 29-30.
There's been too much technical damage done to metals at this point. It's going to take months or years to base before it can produce the next momentum phase. You should ignore the gold touts telling you that metals are about to rocket launch. Metals are in a cyclical bear market. Not a secular bear market mind you, but a cyclical one that may last several more years. Once the cyclical bear market is finished then we will see $10,000 gold and $300-$500 silver. But investors will need to be patient and let this cyclical bear run its course.
It's time to look for other opportunities.
WTI Crude is very close to another breakout.
Don’t buy into the pre-midterm narrative that the war is ending and oil is flowing. It’s all smoke and mirrors.
Paper oil can’t fill gas tanks.
I would believe this to be propaganda but my own local television news channel has been running pieces about being prepared with water and how to store water for emergencies. Unless Iran also controls our local news, this is either US propaganda or actually legit
White Metal Macro ✊🏼 retweeted
Even the most fervent silver bulls are capitulating because silver has dipped below a crucial support level.
Maybe it’s a max pain fake out. Maybe this capitulating will trigger a new leg of panic selling.
The reality is the downside is maybe 10% at today’s price. The upside is essentially 100-400%.
I’m still buying. The last I checked it’s still in a supply deficit that keeps getting worse.
Even the most fervent silver bulls are capitulating because silver has dipped below a crucial support level.
Maybe it’s a max pain fake out. Maybe this capitulating will trigger a new leg of panic selling.
The reality is the downside is maybe 10% at today’s price. The upside is essentially 100-400%.
I’m still buying. The last I checked it’s still in a supply deficit that keeps getting worse.