ProShares Ultra Silver (AGQ)

[pack10]

And to think we still got 12 trading days to go in April. We'll see what happens in these next twelve days, but I haven't changed my position.

At some point, barring any serious world event, we'll see huge dumping to fulfill these contracts which will lower the pps.

[Omar8]

Pack10,




It got close yesterday before the smackdown. I think it was $29.77...I can't believe they let it go that far.

[AlwaysRed]

Ugh

[trunkmonk]

add another zero on that next year. its about 2 years late, but im pretty sure this is the real deal about to happen, its a super cycle that comes around a couple times in a lifetime. we are in the last 6 years of the 30 year cycle on silver and gold, its at the optimism phase of the biggest up wave in the cycle. Silver should easily do 10x from here, and i am truly being super conservative, possibly 30x. hang on and watch, u will never see anything like it in your lifetime. I can prove it with data all day long but dont take my word for it, just watch.

[pack10]

Based on how silver has shot up since the first of this month I would say we have a very good chance of going higher. $28 / 30 seems obtainable.

It is only the 3rd of April and we have already reached $27+

[Omar8]

Pack10,




Really think $30/ ounce ?

[pack10]

Not done yet!!! Here comes $30.00

[pack10]

Once again silver today is moving up!!! $27 oz by week end, or today?

[pack10]

Dollar didn't move much at all yesterday and the first half hour of trading was much higher? That was a mystery to me.
Again today , pre market it was higher than now. I sold into that market. Will it move higher, sure looks like it will to me, but
will it do it without the dollar going down? Free Range silver. What will make it go higher?

Red may know or have an idea. Maybe something as simple as nothing to hold it back and many buyers. The MANIPULATORS

[Omar8]

Will silver keep moving higher ?



Maybe $26 spot price is coming ?

[Omar8]

AlwaysRed,





I think the chart shows something but not what he thinks or wants others to believe. It's obvious the price is capped off and thats as far as they will let it go, at least for now.

But if silver gets to $22 I will back the truck up with AGQ again and do what I just did not too long ago !

Right now still waiting on a spike in silver if it gets over $25 again I will look at adding to my small position of ZSL. Not sure if we will get $26 silver, but still weeks before MAY

[AlwaysRed]

Metal salesmen selling metal. Charts don't matter in a manipulated market.

[Omar8]

Interesting video...

Since it wait time for May deliveries, here is something to look at.....I do agree with the back the truck up if $22 or less happens...

[Omar8]

Should move a little soon....




I think this flat line on silver price should move one way or the other in a few days if not sooner....

[Omar8]

Pack10,


"As we been saying WE'LL see over the next 4 weeks or so. Could be a wild ride come May!!"


I think it will be very interesting until May.

I do think they have this capped at a certain price was it under $26 ? I wanted to build a position starting at $26 but couldn't help myself when silver spot spiked that day over $25.5 and I nibbled on some ZSL, at first I thought I was too early but it seems ok now after how this week ended.

We could brainstorm the possibilities........ will we be in a range bouncing up and down within maybe a $1 for next 4 weeks ?

[pack10]

You got it. Still many questions. When the fed announced rates, dollar went down, silver went racing higher.
Yesterday, dollar goes back up and silver goes down?
Maybe I should say Free range dollar. LOL

As we been saying WE'LL see over the next 4 weeks or so. Could be a wild ride come May!!

[ssnyl]

While silver is arguably the most undervalued commodity of all, it continues to be the most manipulated market as well.

[Omar8]

Pack10,




What a change from the way yesterday ended and to how today went. It sure seemed like AGQ was going fly but instead it went the other way.

[pack10]

Waterfall chart today!! ZSL gains 6% today.

Thanks for a look back to last year.

[pack10]

Still learning, still have many questions, my limit order hit yesterday, sold half. Seems silver is in free range but watching pps today someone stepped in and
smashed the price down.
Going forward watching the dollar and May contracts.
Thanks for your expertise!!

Were Yellen's comments just noise!!

[Omar8]

AlwaysRed,


"Remember this wont last. They have their finger on the button. But we are getting closer to short time."


Don't know if they will do like last year, they didn't bump it up the spot price of silver to $26 until the end of April beginning of May, but just before it did that it linger sideways for about a month, maybe they will do the same again ? Not sure where they will cap it off for a sideways movement if it does do that ?

A lot of positive on message boards and yt videos.....people getting excited but what does it do just let people down over and over....a lot of contracts in May.

[AlwaysRed]

I am proud of you guys. You are caught on. You understand.

https://www.marketwatch.com/livecoverage/fed-meeting-dow-futures-steady-ahead-of-monetary-policy-update/card/fed-maintains-forecast-of-three-rate-cuts-in-2024-E4DklW3cFdY12pqViYdZ?mod=home-page

Weaker dollar = higher metal prices.

Remember this wont last. They have their finger on the button. But we are getting closer to short time.

[pack10]

Today is Fed day. Will the Fed decision effect the dollar? Silver should trade higher, maybe 10% .

ZSL will become attractive if we see 27/28 silver. I'll buy in stages, three maybe four times.

GLTY

[Omar8]

Pack10,



"We'll see what happens over the next couple of weeks. I thought silver would go to the $27 / 28 range as well."


It's still a while before MAY, I'm hoping your $27/28 is right I'm waiting for a better price on ZSL. Hoping another jump higher is coming soon.

[pack10]

Didn't think it was enough of a move to matter. World currencies are totally complicated, imo. Why and how they move up and down seems a mystery to me.

Thanks for your response. We'll see what happens over the next couple of weeks. I thought silver would go to the $27 / 28 range as well.

[AlwaysRed]

Stronger dollar weaker metals:

https://www.marketwatch.com/investing/index/dxy?mod=home-page

The Bank of international settlements BIS controls all the central banks around the world. Rothschild owned.

They control the interest rates of all currencies around the world

When other currencies around the world weaken, the dollar strengthens.

What has happened recently that would cause flight to the dollar?

https://www.reuters.com/markets/currencies/yen-holds-nerve-boj-decision-looms-dollar-resurgent-2024-03-19/

The FED and the central banks around the world control the economies of the entire world. If they want more demand for dollars, they tamper with other currencies.

The dollar is always the answer.

[pack10]

Is the fed causing this downward pressure?

[AlwaysRed]

I agree 100% with your post.

Last year through April into the beginning of May they allowed SLV to rise above the 26 dollar level. I expect the same this year. No higher than 27. Then last year they smashed the price back down to the 23 dollar level. 22 in June.:

https://www.bullionvault.com/silver-price-chart.do

I expect the same. The metal salesmen will be pushing hard talking about "This is the time" or "The system is breaking" etc etc. This always happens when they allow the price to rise so they can profit from us. Then they will short the hell out of the market selling into the hands of longs. Then they will smash the price back down again. And we will profit from knowing that.

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

I will be watching and looking to short or buy ZSL around the 26 dollar level. Then SLV should get smashed back down to the 22-23 dollar level to fill physical contracts due throughout the month of May.

You can see that using this system of AGQ and ZSL really amplifies your profits. There are other leveraged silver plays to. Just look up leveraged SLV ETF's.

[pack10]

We are both reading from the same book. I agree with your thinking. Not sure just how high silver will go but I do think it could reach and maybe exceed that $26
level. One other statement I just read this AM was made by Janet Yellen. She said the bric countries are refusing to trade in dollars so her thoughts concern the dollar could fail. Maybe that is what is fueling this upward trend!! Add in the silver / metals people with little resistance from the bankers and we could see a big run in the next 30 days.
This sure does make an interesting market!!

[Omar8]

Pack10,


"Now we all know the 800# gorilla in the room isn't playing in the market at the moment. When they do reenter you'll see huge dumping again which will lower the price."


Where do you see the price of silver going to ? That power to be might seem to be not playing right now but I believe they have a number in mind to keep silver under a certain price. I don't think silver price will go more than another $1 or so( maybe Red has a better opinion on the price os silver going to before mat deliveries?), over 100,000 contracts in May and I believe 2/3 of that month last year silver was under $24...so they need to get back to below that in May ?

I hope you get the price you are looking for. If silver does go over $26, I will start looking at building a ZSL position.

[pack10]

Just a few thoughts on my opinion on the price of silver.

Many are still talking about supply and demand. Two main subjects EV's and AI

More discussions about AI recently saying how this industry is sucking up all the silver.

Now we all know the 800# gorilla in the room isn't playing in the market at the moment. When they do reenter you'll see huge dumping again which will lower the price.

We have, at this moment, what I would call "FREE RANGE" pricing. The pps is actually left to find its value freely. Very little manipulation.

Fun to watch and lets see if this holds true!!

[Omar8]

Pack10,


"Curious as to why you sold everything? With that many shares you could have split your sell points."


I had a price in mind when I bought that many, I may approach selling next time differently. I am happy with that amount. I have plenty of physical and will buy some more with these gains.

[pack10]

Good for you Omar. I decided to buy this one instead of SLV this go around. I'm also playing my sell order somewhat different as well.

Curious as to why you sold everything? With that many shares you could have split your sell points.

Anyway, we'll see what happens over the next couple of weeks as I feel we'll move up from here.

[Omar8]

AlwaysRed,




I do believe this could go higher but I was up over $5 on my near 3000 AGQ and I looked at the spot price it was about $25, looking back for last 12 months it only did that 3 times and each time it didn't go much higher and went much lower. I explained the things you have shared to my brother and he sold way before me, I do believe patience is needed, I see the contracts but I figure I wouldn't get too greedy. Who knows this could do a new 52 week high but I thought this was a good time to exit. I will be watching...I have plenty of physical so if it goes much higher it's ok, though it likely fall back but when it does I'm waiting. Eyeing ZSL right now and see what develops. I do see the contracts in May....I'm watching.

[AlwaysRed]

No problem.

Practice. Watch. Learn. your timing will get better. Watch those contract due dates. Watch how many SLV futures contracts they are using to control the price.

No contracts due until May:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

[Omar8]

AlwaysRed,




Thanks for your advice on trading silver...I couldn't hold out anymore on AGQ....it could do low $30s but , sold and made near 15k......

[pack10]

Thanks, more buying then selling for awhile. Free to move as buying will push pps higher.

Interesting times. Dollar pretty even as we speak.

[AlwaysRed]

The 2nd half of Feb they used SLV contracts to SMASH the price of silver and filled all March contracts:

https://www.cmegroup.com/markets/metals/precious/silver.volume.html

There are no contracts due until May.

Up we go.......

[pack10]

Do we see $30 before $25? Red, what's driving the pps higher? Seems a bit early for the pps to be moving higher.

[Omar8]

Pack10,


"I think we just seen the bottom for silver in 2024. Its all up from here and definitely not boring."


Not boring so far today.....

[Omar8]

Pack10,


"I think we have just seen the bottom. I picked up a few shares the other day

Good luck"


Seems AGQ should be higher that now at some point in the near future....I have my position over 2000 of AGQ....I will add if another dip comes...

[pack10]

You're so right RED. I think that CPI number sent the current administration for a loop!! But never fear, they had a 95 billion dollar ace in the hole
just waiting in the wings. Just pass a bill for aid so we can kill more people and blow up more buildings. Then when the House rejects the idea, put the fear of God into all of us by coming out with another Russian hoax. Not on the battlefield of earth, but in outer space. Spend, spend, spend!!!
OMG!!!

I think we just seen the bottom for silver in 2024. Its all up from here and definitely not boring.

[pack10]

I think we have just seen the bottom. I picked up a few shares the other day

Good luck

[AlwaysRed]

Yes. That move yesterday was purely due to the dollar. The CPI came back higher than expected. That caused the market moves. The market has ben expecting interest rates to be cut if inflation was getting nearer to the 2% target. Because it came in hotter than expected the markets over reacted. As usual. Nothing has changed. The FED isn't raising rates or cutting rates. Nothing has changed.

You will see a rebound in the markets starting today. Buying this dip was smart. We still have until the end of March for them to need to fill March deliveries. I still see this going up. I'm in.

[Omar8]

AlwaysRed,


"I'm in as of today. Expecting this to go to over 30 soon."


Still think that ? I nearly double my position in AGQ with upper $22 yesterday...but who knows how much lower this could go ?

[4Godnwv]

Go baby go

[AlwaysRed]

This and ZSL are my favorite leveraged silver plays.

Apparently you are smart enough to learn and recognize what they are doing. And once you do it is easy to make money. Going 100% long on a manipulated market is dumb. And trading physical is impossible to profit from due to the charges.

Playing SLV doesn't have the 2x leverage. If you know where the market is going to move, and we do, these are the plays.

30-35 here and then jumping ship to the other one. Back and forth.

Glad to see you doing well with it. Like clockwork. Exact tops and bottoms I'm not too concerned with. 10% misses on either end I don't care about too much. But that 80% in the middle is the good stuff.

Not sure where you are at, but you know that right now you can short ZSL. Just sayin.....;)

[Omar8]

AlwaysRed,



"I'm in as of today. Expecting this to go to over 30 soon."


That would be nice. I'm still playing around with this trading silver, did well with ZSL made about $2000 on last trade, kind of fun trading silver. I started nibbling at this at $24.5, and increased as they bashed it down below $23....few more tries at this then moving serious money into it.

[AlwaysRed]

I'm in as of today. Expecting this to go to over 30 soon.

[Omar8]

Anyone else buying at these levels ?