McCullough: Silver’s Been Horrible (But It Could Breakout)

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hedgeh's cyber monday sale is here this is the best deal we offer anytime on our investment research since 2008 hedgeh's 40 plus analyst team has helped investors big and small navigate volatile financial markets now let heghi help you our special cyber monday sale features steve discounts on all of our industry-leading investment research explore our range of products that can suit your specific research needs don't miss cyber monday at hegei [Music] good morning coach with gold being bullish now i understand the goals of currency and silver is a commodity but what are your thoughts on buying silver what are the levels and what is the signal telling you thanks for a great year so far long may it continue yeah i haven't uh i haven't bought silver thank god this year it's been a horrible place to have your money um but um silver i could the silver looks just like gold it for a couple days got back to bullish trend for silver uh trend is 20 for silver trend is 24.52 write these two things down 24.52 and for gold the trend is gold is the trend is what is it this one 1840 okay 1840 okay so this is trend bullish again trend come on man trend maybe just to get people really excited it's green it's trend it's bullish greater than these numbers is bullish now the risk range on silver the low end of the range is like at 22. so if we were to go to 22 i could just reverse everything that i just wrote including the colors and this would say silver and if gold were to go obviously towards the loan of the range which is 1761 then they'd be right back to bear stream and what would you say then i wouldn't have to say anything i just say that's not a surprise i mean everything else in macro says that that should happen doesn't mean it has to happen it just means that the probability is still there so that's why i'm not buying silver again i've been long something like coffee which has done far better than silver you know stuff like cotton so again we're not in the business of trying to make a bolt case for anything if something has bullish trade and trend with higher highs in the wrist range and higher lows with the low end of the range being above the trading trend line write all that down then those are the things i want to be long yeah there's a potential for a bigger broader breakout for silver and gold but i'm not in the business of having to ride those i go with the higher probability bets hey there hedge nation or if you're not part of hedge nation thanks for watching hegei on youtube if you haven't already make sure to click on the button below there subscribe to our youtube page you can also follow the link in the description to our website to get even more great investing content [Applause] i challenge you to compete in this simulated investing tournament to win some serious money i hope you'll join us i'll be coaching you every step of the way [Music] you
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Channel: Hedgeye
Views: 2,985
Rating: undefined out of 5
Keywords: finance, wall street, markets, stocks, trading, macroeconomics, hedgeye, keith mccullough, bloomberg, options, day, gold, silver
Id: DL9LSoY04CI
Channel Id: undefined
Length: 3min 7sec (187 seconds)
Published: Tue Nov 16 2021
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