Mark Pigott

[Mark Pigott @MarkPigott84426]

@TheSqeakyMouse When I read sentiment that the "bottom is in" on silver, it is usually a good contrarian indicator that it is not.

[Mark Pigott @MarkPigott84426]

@MakeGoldGreat I'd see an array of daily buying wicks...and I have not.

[Mark Pigott @MarkPigott84426]

@DeItaone one day does not make a trend.
chill.

[Mark Pigott @MarkPigott84426]

@TheEconomist Don't tease content behind a paywall.

[Mark Pigott @MarkPigott84426]

@RockBtmEntries If the alleged sentiment is destroyed that is a good thing in my books.
I do not want to make a trade when everyone and everyone's dog is interested in the same commodity.

[Mark Pigott @MarkPigott84426]

@badcharts1 I plan on trading once I retire in less than 2 years, so right now I soak in all the intel for future use.

[Mark Pigott @MarkPigott84426]

@badcharts1 Nope.

[Mark Pigott @MarkPigott84426]

@icooperTrades Yep, inside bar trading.
Bear flag after bear flag!

I need to see at least several days of buying wicks, rise, a retest of the breakdown, then strong volume with the bulls on the way up.

The bulls have not been seen in the wild for a bit!

[Mark Pigott @MarkPigott84426]

@icooperTrades @BassamMelh @M01753819 $48 would be nice so I can open a silver position.

[Mark Pigott @MarkPigott84426]

@DeepStateEnder @profitsplusid @CMEGroup @CFTC Nah, I like it where you actually have the money to buy the position.

Tough to shake out a non-margined particpant.

Ask Silver Bros and ilk about losing through margin positions.

That's OK, as time will heal the damage they did.

[Mark Pigott @MarkPigott84426]

@profitsplusid It's like the story of the car salesperson.

They are not interested in selling you the car,
rather they are interested in selling you the financing
to buy the car.

When you borrow to buy silver, to me this is no different.

So save your pennies and buy it outright.

____

[Mark Pigott @MarkPigott84426]

@BrianKuszmar Funny how no one screamed "manipulation" on the way up.

But they sure do cry this on the way down.

How some can not accept simple supply and demand.

So sad, so bad.

[Mark Pigott @MarkPigott84426]

@BrianKuszmar Enjoy the ride down!

[Mark Pigott @MarkPigott84426]

@InProved_Metals The volumes of silver per month at the Comex are in the millions of troy ounces.

It is dwarfed by the estimated 20 billion troy ounces of above ground supply.

To me it is a non-issue.

[Mark Pigott @MarkPigott84426]

@profitsplusid Do us a favour CME and raise margin to 100%.
Make it a cash only market -with no leverage.

[Mark Pigott @MarkPigott84426]

@NorthstarCharts Anyone who can read a chart saw this coming.

The CMF was fading but the price was rising. Later it popped and dropped.

History Chart Reading 101.

[Mark Pigott @MarkPigott84426]

@IJCarrasco @TaviCosta Rinse and repeat!

Hopefully the Silver Bros will not be participating in the next run up.

[Mark Pigott @MarkPigott84426]

@BassamMelh @M01753819 @icooperTrades I don't buy the supply shortage.

According to CPM Group, there is an estimated 20 billion troy ounces of above ground supply at present.

And I even heard fantasies that silver was "destroyed" in industrial use. In reality the higher the price, the more it is recycled.

[Mark Pigott @MarkPigott84426]

@M01753819 @icooperTrades No evidence of a bottom yet.
The weak longs keep getting trapped with failed H&S rallies.
Time for capitulation and some real negative sentiment.

I do not see that yet - but I wait patiently.