@Nirvana7731@DaveHcontrarian@DataCenterTOG@MMusclesd@Prsnen1@Double_D_127@moonpie3210 My guess is these calls were bought in January when retail was piling into Michael Oliver’s $500 silver-by-summer calls. That crowding may be one reason for these outsized corrections. Silver calls are still ridiculously expensive vs SPX calls. Thank God David keeps a low profile
@DaveHcontrarian@GaryBohm5 Dave, it’s all about bond rates, isn’t it? When rates finally sustain a downward move, PMs’ consolidation will end. Considering that the price of oil is collapsing, the move in rates is imminent, and so is the rise in PMs.
@DaveHcontrarian@theandymillette Russell 2000 unable to make new low is a new one. Oil, USDJPY & VIX also unable to make new highs. AUDUSD holding up. IGV double bottom. XLF not crashing. Gold & Silver rallying. Bottom is in.
@DaveHcontrarian@LuckyTigerTrade@Phoenix18217110@hridayakuhara@Chris7662@PeterLBrandt lost all credibility & even decency. Warned of a rare 'Nine Red Birds' pattern in gold - claiming in 50 years he'd only seen it 3 times, with years-long recoveries. Then admitted it was a deliberate 'head fake' to 'feed the decline' so he could buy cheaper. Shameful
@DaveHcontrarian@pinnacledigest Dave, do you think US equities are all systems go at this point? XLF and IGV (among others) appearing to have bottomed and US10Y breaking below 4%. Or is it more likely we get some more backing and filling first?
@DaveHcontrarian@Frogman323@GordonBaisley @M_Dot_Acro @lovemesexy8@NirenMichael Btw his gold & DXY forecast perfectly shows his (& everyone else's) complete lack of understanding what's driving the markets. Without rates (& expectations of thereof) going down the outsized rise of SPX would be nearly impossible. If rates down > DXY down >Gold's move is UP.
@DaveHcontrarian@bobcycle2014@SignalSpeak@Shakeel63672239@paymakr@jessebday Perhaps most difficult is understanding cycles & correspondingly - the direction of the markets. Because if one's wrong on direction everything else is useless (& patience can be fatal). Dave, can you pls explain why the cycle didn't end in 2016 as you expected & why it extended?
@garysavage1 Wondering if you made that call to close gold & silver positions in one of your lengthy videos or did you actually write to your members to get out?