@oriental_ghost Thank you for your good work Bai 🙏
How long is the #SHFE going to close for the upcoming February Chinese Lunar Calendar New Year celebrations?
#silver#silversqueeze
@princzkov@honzacern1 Get back in on the pullbacks next week
Though expect Monday will be mooning so you may be buying in at a premium later in the week
#silver#silversqueeze#GSR
GOLD TO SILVER RATIO
Who else misses the days when silver price mirrored gold by moving two decimal points
Now we have to double gold price n move the decimal two places
#silver#silversqueeze
I miss the days when silver price mirrored gold by moving two decimal points
Now we have to double gold price n move the decimal two places 😆
We are now heading for a silver mania, so 10X your price targets or you will miss 90% of the move. A lot of people already sold thinking a 2X,3X was great. All those people will die poor.
For those who own silver because it’s an industrial commodity, what’s happening now is exciting.
For those who own silver because it’s money, what’s happening now is scary.
For those who don’t own silver, what’s happening now is dangerous.
7) Summary
Gold is at an intermediate term peak.
It's the first significant post-breakout correction.
1972-1973 remains the best comp but Gold is nowhere close to the 1973 peak which led to 28% decline.
But Gold should correct more than 12% here.
Look for support at $3600-$3700.
1972 plus a combination of 2009 and 2005 breakouts are closest fit to Gold's performance.
Gold will rocket higher again when this correction ends.
This dump is Very bullish, but not done.
We’re in the cross-asset liquidation phase of a funding squeeze.
If liquidity doesn’t return soon, a deleveraging event can hit , where every asset sells off to raise cash.
That’s the last flush before a violent rebound.
Don’t panic. Stay vigilant.
#silversqueeze