Week 20-22 Silver Call results
I will make on of these updates once in a while, as a log so new subscribers and myself can track my previous trades -without going through all of my posts first.
Week 20 on Sunday my call was go long @16.4 TP with 33% at 16.8, 17 and 17.3 with SL 16.3.
- Results: 16.8 and 17 hit both hit during week 20.
Week 21 on Sunday my call was to keep the 1/3 long still running but move SL to trendline (16.5)I also told you: LONGPOSITION @16.7, SL 16.5 TP 1/2 17.05, 1/2 17.6 Limit order SHORTPOSITION @17.38 SL 17.45 TP 17.2 Both of which i recommended to close in my update during the week. (16.7 never hit and we got 17.31, so 17.38 was a bad move in my opinion.) So remember to follow my updates during the week guys!I also recommended an opening of a long position @17.1 TP 17.5 SL 16.75. You had every opportunity to follow, since then price was lower when i finished the update, and got even lower the day after.
- Results: 17.3 hit, so all 3 long calls from week 20 has now hit. Cancelled the limit short and long positions. Long position @17.1 TP 17.5 SL 16.75 still running.
Week 22 my call was to keep long from week 21 update @17.1 with TP 17.5 but move SL from 16.75 to 16.9. Open limit short position @17.75 with TP 17.2 and SL 18.25.
- Results: @17.1 TP 17.5 SL 16.9 hit Friday. limit short position @17.75 with TP 17.2 and SL 18.25 still not hit price for limit open yet.
Below we have timeline on trades TP hits:
I love silver, but I suspect that the Fed will keep it bottled up for the foreseeable future in an attempt to support the idea that fiat currencies are worth much more than inflation would dictate that they are.
I make calls based on charts primarily. But yes, silver is heavily manipulated.
I too am invested in silver. There will come a day when all this manipulation is relieved or at least diminished. The demand for silver from photovoltaics and expanding medical uses will dictate that future. Just not sure when the Fed will let the top off the jar. Stay long silver!
I stack on the side and keep some crypto also. Very good long term investment and to diversify.
You are a wise guy. Following.