Friday is here and time to update the current status of my personal rebellion. My goal for 2021 was to methodically move my assets out of the Banking System. With that in mind I had three goals:
- Three months of expenses in CASH
- 50 litecoin in my hard wallet
- 50 ounces of silver added to the stack.
This week I continue to make strides in achieving these goals. Although with the current state of affairs, I may try to exceed these goals.
The current status report is a follows:
The second goal is for 50 Litecoin on my hard wallet.
Litecoin is trying to change the trend but has yet to do so.
Litecoin has posted a Higher LOW and is above the 18 day moving average with a rising stochastic which is all positive action. However, the Bollinger Band is acting as resistance. I would like to see a little pullback before my next acquisition to somewhere around the $143 mark.
I am simply dollar cost averaging in, so the main goal is to "stack" the litecoin BUT I might as well try and time it to get the most bang for the buck.
And now for the Shiny Stuff and this was particularly shiny!
Formerly Mint Proof Coins just tossed in with the rest of the Junk Silver.
Now there is a lesson for you! Never pay extra for the Mint Proof Silver coins because at the end of the day it is only the Silver that matters.
Supply was a little sparse at the coin shop. Not a single Eagle in the place! The owner told me that a fella had walked in and bought 1000 Eagles wiping out his inventory!
After this week's exciting blast higher, Silver seems to have consolidated nicely. I will continue watch and hope to make next week's purchase closer to the 18 day moving average which currently is around $26 per ounce.
Unlike silver, the Gold market is barely hanging on, with today's action gold clawed its way back inside the lower Bollinger Band.
If gold can rally next week the target is the 18 day moving average currently at $1843.96 per ounce. Silver and gold are looking completely different from each other. Silver is trying to rally while gold NEEDS to move exceptionally HIGHER to break its downtrend.
Despite having a good day, the Miners look way to much like Gold in as much as the downtrend continues.
So both gold and the miners just made a "double bottom" from which the next phase of a Bull Market will launch. Or Gold is signally a "deflationary event" in the near future. And when I say near future I mean over the course of the next few months.
Pure speculation at this point BUT it is on my radar.
Peace out and stack on!
Please remember that here at Silver Gold Stackers, Comments are often and surprisingly rewarded.
Peace out an