Yesterday, silver formed the first part of the pattern I have been waiting to see for the past several months, a rounded top at $17.10. That does not necessarily mean this was the fulfillment of what I saw, but if it was, it should next form a small squiggle-like movement close to the current price of $16.98 before dropping down to $16.16. From there, I saw it pause briefly before dropping down to $14.45. For more details, please see my post from June 15, Two New Visions Confirm Starting Point for Two Legs Down in Silver Prices.
Silver prices are shown below on the one-minute chart, so the pattern is a little choppy. I added the rounded top to show the general direction and top at about $17.10.
Click to see larger chart.
If the price drops to $14.45, it would fulfill the dream where I saw Brad Pitt on July 26, which I interpreted to mean silver prices would soon drop into a pit. It would also be the set up for a much larger move up, the White Rolls Royce dream from July 2, and the fulfillment of the Arnold Schwartzenegger dream from August 14, which showed a move down followed by a larger move up. I originally interpreted that dream to mean the initial move down would be small because the girl I saw was frail and thin, but her frailty could also be interpreted as weakness in silver prices. Even though prices dropped about 50 cents the next day, I don’t believe that was the fulfillment because the larger move up has not happened yet.
During the past week, I have seen the following new visions, which I interpreted to mean silver prices moving lower.
- a man fastening his silver colored shorts
- a grey car turning left down a steep hill
- a white car and another car, whose colors were harder to see, both went down a steep hill as I watched them coming straight towards me as I was standing on top of the next hill
- a white exclamation point laying horizontally in black space and dropping through a series of silver rings which were also laying horizontally
- a white girl with long blond hair walk through a white door to my left, entering the room where I was. She was smiling and carrying some papers or something and started walking towards me
- a white vehicle driving fast down a highway from left to right and moving closer to me, pulling a long trailer carrying a large metal structure
Even with all these apparent confirmations, no dates were provided, so the fulfillment might be further in the future. My plan is to proceed with caution, waiting to see if it drops to $16.16 and pauses there. If so, I will then load up on puts for the drop to $14.45.
My interpretations could be wrong. So, this information is offered only as a starting point for prayerful consideration and is not a recommendation for investing.
Author: James Bailey
James Bailey is an author, business owner, husband and father of two children. His vision is to broadcast the good news of Jesus Christ through blog sites and other media outlets.
© 2017, Z3 News. Full text of Z3 News articles may be shared online in exchange for a clickable link to our site. Please include the author name and do not make any changes to text or titles. No image files from our site may be shared because we don’t own them. For permission to use our content in other formats, please contact us. 
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Equities and Market update (IMPORTANT)
1. 22289 was just fulfilled (sign we are getting closer)
2. We “may” go up to 2527-30 and have a small correction before heading to our Top. In a dream, I was climbing up stairs but couldn’t get to the Top that way(stairs did not connect). I had to go back down and use another set of stairs to go up.
3. Watch out for manipulation in both equities and cryptos. Please DO NOT make any big moves until our numbers are fulfilled. In a dream, I tried to chase a big move up and ended up loosing 40 %. It’s was all due to manipulation.
4. Still looking for Bitcoin to get to the 4400-4550 range (tighter range) before heading down again. This may be last good opportunity for decent prices. Expect ETH, LTC and the rest to drop. VERI “may” pop soon.
Shalom
Phanuel,
Excellent advice and great insights. I have been watching your crypto numbers and they are truly amazing. Your 2300 retest is just below what the actual chart shows as 2400.
I had a dream that I was looking into a pit. It was not deep because I could see the sunlight at the bottom. There was a moving animal down there all covered in dust. I believe it was a puppy. I wanted to jump in the pit and help it to safety. Then I heard Jesus say “Do not go down there.” I took that as a warning to not go down the trap. So this lines up with your warning about a slight correction. Actually that would be a great day to go long.
Ed H
The glory is the Lords… He is truly amazing and awesome ❤️
Shalom
Phanuel,
Yes it is brother. All glory goes to him.
Thank you Phanuel for always sharing insights with us. God bless you.
Blessings Karen G. Thanks for sharing your confirmations!
Shalom ❤️
Phanuel
As Corrine mentioned below, thank you for your faithfulness and always sharing your divinely inspired insights.
May you continue to be abundantly blessed with all your investments.
Christine
Blessings ChristineB… it’s an honor to serve.
Shalom ❤️
Phanuel , thank you for sharing! Blessings my friend. I really appreciate your posts.
Corrine
Blessings Corrine
❤️
If you take a look at a daily chart of bitcoin, you’ll see that if we go back up to about 4400, it will have formed a massive head and shoulders pattern. This standard pattern means that we’d retrace down to the start of the rise, which is right about 2000.
Hi Phanuel, one other question: it looks like we could be going through a correction right now in the stock market. Do you think this is indeed the small correction that you mentioned would happen before the market begins moving up to 2545-2552, or do you think another correction might occur once we reach 2527-2530? I see that the stock market began to turn after 9/20. I wonder how long this correction will last. I hope we don’t miss the move down to 2080.88 in the S&P 500. Thanks again brother!
Hi Corey
Don’t worry we won’t miss our Correction. I expect this to be a small correction. I’m now looking at the other dates for our next Top….. as I wrote we “may” go as high as 2527-30, which is the equivalent to one floor up from 2500. However, I couldn’t make all the way up in the dream.
Phanuel,
Is the Ltc price of $127 for this coming top(wave B), or for the top of wave C？
Thanks！
Hi Mmw
Ltc @ 127 has nothing to do with this ABC corrective Wave. It will come into play with the next bull run (waves 1 to 5) after we bottom.
Shalom
Just curious “quote” We “may” go up to 2527-30 and have a small correction before heading to our Top “endquote” – What was the final top you saw?? – Have you reviewed the word released on an upcoming earhtquake in California – one woman (Lois Vogel Sharp) has issued a ‘word’ that it occurs before Sept 23…
Hi John_nz
Please read through the post as most of the details are here. I have tried to give regular updates. The gist is the Dow and Bitcoin are heading to 29,000 and 27,000 respectively (at least). Our current Top should be around 2545-2552, either we get there in straight line from here or we have a small correction from between 2508- 2530 before getting there.
Shalom
Hi Phanuel, how does 2537 factor into this? Is 2537 a temporal marker or a turning point? Also, you’ve mentioned before that there is some overlap between the two sets of dates, with the first one concluding on September 29th (the second one starts on 9/20)? Is there any special significance attached to 9/29? Thanks.
Hi Corey
I believe Lord showed me 2537 to confirm the Top is around 2545-2552. Some were saying we would Top around 2500. I think it’s a getting ready sign. Not sure about Sept 29 other than its the bookend for August 28 .. the day North Korea lobbed missiles over Japan. Perhaps another incident to trigger the correction??
Shalom
Hi Phanuel, when you see exact numbers, such as 2537 in the S&P 500, are they usually the next number to show up for a particular asset class (e.g., S&P 500), or is it possible that the S&P 500 at 2537 could show up at a much later point, after a move to 2080.88 has occurred? Thanks.
Hi Corey
It is possible but in this case, I believe it is confirmation to wait patiently for the Top. In other words, if I hadn’t seen 2537, I may have jumped the gun and went short by now (especially when FAZ dropped to 14.98).
Shalom
Phanuel,
Do you see a 450 pt (S&P) drop after Sept 20th and did I read at one point, an army in a dream? Thanks!
Hi Bret
I’m expecting a 468-480 point drop (78-80 points for every third floor). I won’t go short, unless I see our Top regardless of the day (especially after the manipulation dream ). After a Top, the market at times tries to retest it and may initially drop slowly. The best prices are at the Top.
Shalom
Bret,
No army in my dream that was JRs (Reeve) dream.
I also want to thank you much Phanuel.
Do you recommend selling veri at 535?
Your welcome brother. The 535 I saw was the Top of a VERI graph. I plan to sell small amount or for partial profits, because VERI is going much higher. I also saw it recently at 200, perhaps the bottom after the next Top.
Shalom
Equities & Crypto Update
Equities– SPX made a new high and we are getting closer to our Top. We are not there yet. I think a good range to load up on FAZ etc is 2545-2552 or possibly on Sept 20 (depending on where we are).
Crypto– Bitcoin and Co continue to drop. Jemba, I saw your comment that the Alt coins will continue to drop. I tend to agree with the caveat that both VERI and PPT were in a bear market long before this Bitcoin correction, so may pop at anytime. With this in mind I keep adding VERI and PPT. I’m still on the sidelines in regards to Btc, ETh & LTC.
Shalom
Brace yourselves… Bitcoin and cryptos are heading much lower
http://www.zerohedge.com/news/2017-09-14/bitcoin-crashes-chinese-trading-second-largest-exchange-halt-all-trading
Shalom
Phanuel, thanks for the update keep us informed!
You are welcome Lance
Hi Phanuel, I also saw btc dropping very low, a few days ago it seemed almost impossible but we must learn to trust God. I had a dream where I saw 0.16 btc price next to either litecoin or eth.
Yes Karen G
We are crashing! Glad we took profits and run
I saw 1888 a few days ago… it is possible we can get that low ( Caveat there was no “BTC” attached to the number). Or it could be the A wave down from the Top 4972-1888 = 3084, which confirms the 3084.99 I saw. The 2075, I saw could be the drop (C Wave) from the B Wave retracement up, which would put the low in the 2200-2339 range ( depends on how high B Wave retraces up).
Shalom
Glory to the Most High God
Bitcoin @ 3084 fulfilled
Shalom
Phanuel, woke up about 3 am and seen $3084 so l loaded up with ltc, thanks for insights!
Lance
Glory to God
I’m looking to add more in C wave down. I think Bitcoin should drop at least 1950-2000 points after bounce.
Saw Ltc at $168 this morning… add to the $127 already shared.
Shalom
Phanuel:
Amazing!!! You were adding PPT to your portfolio when it was under $4:00 and it ended rocketing up to about $60.
Did you sell at the top?
On March 8, 2018 at 1:20 PM you then said: “Need to see Wave 3 to determine exact timing of crypto crash. That’s why I gave the range of dates. I’m waiting for BTC 2009 and LTC 58 to renter PPT.”
Are you still waiting for BTC $2009 and LTC $58 to renter PPT? Or, has the Lord changed his instruction to you about your approach to buying PPT or the lowest price that BTC will get to?
Thank you my friend,
Bob
Hi Bob,
I’m still very thankful to God as PPT and VERI were both very good to me. Currently, I possess just one crypto in my entire portfolio and it’s not PPT. Just waiting on further instructions to add the rest at the absolute bottom.
shalom
Phanuel:
After reading your posts on this forum, I believe with almost 100% certainty that the only crypto coin you are holding is Solaris (XLR) and you have these coins working for you in a masternode where they are locked up.
When you find the absolute bottom of the crypto market, can you give me a list of the cryptos that right now you plan to buy?
Do you still feel as strongly about PPT being a crypto worthy of holding as you did before? What about Lisk and Waves? Are these still game on for future holdings?
Thank you my friend, Bob
Dow 22289 on the horizon
“89” is a sign we are temporally close to the Top.
S&P 2537 is another temporal sign.
Shalom
Phanuel,
Bitcoin 3084 has been reached. What next ( according to your prophetic inside ) ?
William,
I think we get huge bounce ( Wave B) then Btc @2339 and below (if we keep dropping without a bounce then Btc is in big trouble). However, Litecoin is very cheap now … down almost 60 % from the highs. No harm adding at these prices. I just bought some Litecoin @40! It will probably drop lower but we can’t get greedy.
Shalom
Phanuel,
Can you give some indication of how much higher it bounces to ? ( as you know that 2339 is a bit worrying. )
William
I’m watching for a bounce to the $4200-$4500 range (This not that saith the Lord). I also saw 2688 a few days ago.
Shalom
Hi Phanuel,
I just read a news about China’s bitcoin. One trading platform has received the words from authority to stop trading. There are two more platforms ( who trade bitcoin ) haven’t received any notice from authority to stop trading. This reporter said when these platforms received the notice to stop the trading, the bitcoin market will drop more violently. The number you saw 2688, 2339 make sense.
That was an awesome fill on LTC brother!
GBTC hit my target buy of $481 yesterday, and I’m back in.
Looks like huge expected bounce happening now.. LTC at 60 already . Will look to add more in the C wave down.
Phanuel, do you see an exit point?
Lance
I plan to take partial profits at those levels.
Shalom
Boy am I glad I am still trading cryptos with a practice account
*I wasn’t expecting a bounce (S&P and DOW still rising)??
S&P at 2500…. get funds ready … we are getting closer
Shalom
Phanuel thank you!
Great buying opportunity for FAZ, $15.00 & change or less (near 52-week low). Amazing!!
Z3 Market Update
So the August 28 date was a big drop in futures from a North Korea missile launch.
The August 23,24, and 26 dates were related to Hurricane Harvey.
I don’t think this move down is the one we are waiting for. My reasons are
1. We haven’t topped (2545-2552)
2. I had a dream of a short elevator ride down …I climbed to the top of the elevator with balloons 🎈 (to avoid being part of the group riding down), also there were stairs heading down. The stairs were fairly flooded with water and hence avoided.
Shalom
Phanuel,
BTC just blew through a double top resistance.
It sure did Ed H.
Wave 5 🚀
Hi Phanuel and Ed!
So does this mean BTC is going to keep going higher before a pullback to @$2500?
Blessings, Corrine
Hi Corrine
I think we are heading back down
to 2339 then back up to 6143. I was able to track the waves because of the numbers the Lord showed us. The Fibonacci ratios and the Lord’s numbers matched from Wave 1 to Wave 5.
Shalom
Phanuel, thank you! I appreciate your input and what you feel the Lord has shown you. Blessings, Corrine
It’s looks like Litecoin is now in Wave 5 up.. needs to break 65 to confirm. I plan to sell at 68.15.
Shalom
Corrine,
To be honest I don’t know. The chart says yes but its only a guess because there is no real resistance other than the moon.
If I go straight up from today I hit about 8500.
A few weeks out it is way higher.
Hi Ed! Fair enough, thank you! I always appreciate your input. Blessings, Corrine
Hi Phanuel, do you see any other sizable drops, such as the one that occurred on 8/28, occurring before 9/20? Also, I wonder what the trigger event will be on 9/20 that will cause the crash (maybe an interest rake hike?). Thanks.
Hi Corey
We need to see our Top to get the sense we very are close to the drop. That’s our temporal marker. I’m patiently watching for that.
Shalom
Shalom Phanuel, besides August dates, what other dates we need to be aware of?
Yes Edwin
Sept 20/Oct 26 (seen as”920 806″)
Nov 6 ( seen as 11/6/17)
Nov 14 ( seen twice/significant)
Shalom
Hi Phanuel, are there any other dates that you have seen for October 2017, besides October 26th? Thanks.
Hi Phanuel, what does the date October 26th signify? If 9/20 is when the market crash begins, is October 26th, 2017 when the crash ends? Thanks.
Hi Corey
The only reference I have is “301 017” this was the Top and bottom of a smaller V.
March 1 was the Top @2400
April 13 (Nisan 17) was the bottom at 2328.
So applying the same principle with the Caveat the Lord can do it differently this time
920 could be our Top and Cheshvan 6 (October 26) could be our bottom. We should watch and pray how it plays out.
Shalom
Hi Phanuel, thanks for your reply. Just one other question. For the November 6th and November 14th dates that you have previously seen, did you see what specific events they might be associated with, such as a war, natural disaster, attack on a major city, banking crisis, etc.? Thanks again.
Hi Corey
I’m leaning middle eastern war but this is not “that saith the Lord”
Shalom
Hi Phanuel, I was thinking about the November 14th date that you mentioned, and then watched the movie “The Crash” (2017) again last night on DVD, which is about a banking crisis that takes place in November of this year. What’s interesting is that the date November 14th, 2017 is shown in the movie. It also shows a financial cyber attack occurring on November 16th, 2017, causing widespread panic as people lose access to the money in their bank accounts. So, I think the 11/14 date has to do with a major banking crisis. With that said, it might be prudent to get as much of your assets outside of the banking system as possible before 11/14, just in case. Anyway, just wanted to provide that tidbit of information. Thanks.
Thanks for the info Corey.
Very interesting! Never heard of that movie before. This is different from “Crash” that won the Oscar for best picture several years ago
Shalom brother!
Phanuel,
November 14th dates could be the beginning for 46.56 ( FAZ ). The reasoning is that -5% has not been achieved yet.
Hi Corey
Iffy on this one. Hence not shared… October 6. Not as strong as March 1, Nisan 17, August 28, etc.
Shalom
Hi John, the FAZ calls that you describe look attractive, but there doesn’t seem to be much liquidity in that market. Compared to the more liquid options, the FAZ call options seem to have very little volume, open interest, and fairly wide spreads. How do you plan on trading them? Do you plan on purchasing a large amount of contracts? If so, how would you be able to do that if there isn’t much liquidity in that market? Also, what happens when you try to exit your position? As someone who is a newbie when it comes to options, I would like to learn more from you about this. Thanks.
Eric,
Just my opinion. Not prophetic at all. Stay away from FAZ options. I did a study on them about a year ago and they are horrible. You will lose. Guaranteed.
I have a target of FAZ at 14.85 -15.00. Phanuel has seen $46 range so that’s a 300% gain . Not bad at all right? FAZ 5yr returns -94%.
Ok so here’s an example. You buy 1000 shares
1000 x 15 =15,000 invested goes to 46 now have
46,000. You made 31,000.
So now let’s look at another option. Take your 15,000 and diversify.
You buy some FAZ
You buy puts on stock 1 of FAZ
You buy puts on stock 2 of FAZ
You buy puts on stock 3 of FAZ
And so on
Then add a few calls of UVXY
A few puts on SPY
A few puts on DIA
A few puts on QQQ
I have done 4 digit gains on UVXY
I have done 4 digit gains on BAC
I have done 3 digit gains on SLV and GLD
I have done 3 digit gains on HL, NAK
This is a much better portfolio for a better chance of success.
It’s totally doable but the timing needs to be there.
Playing options is risky and also rewarding. The examples above are not recommendations just examples. The key is to get to first base, don’t try to swing for the bleachers you will more than likely strike out.
Eric: Good question. I’m pondering that as well. My plan is to let FAZ drop this week for a bit, and then start to ease in. My trading platform shows me how many contracts have traded in each one and prices as well as bid/ask. I’ll evaluate strikes 20-29. I’ll usually split the bid/ask right in the middle, but will likely start a little lower and then put bids in and let them cook on multiple strikes. If there has been trades the previous day, then I would suspect that I’ll get some takers, especially with larger numbers of contracts. Once I start to get some orders filled, I’ll know which strikes are moving and then likely concentrate on them if the prices are right. Usually, the lower the strike, the quicker I’ll likely get filled, but I’d like to shoot for contracts between 20-$25 per 100 if I can, since I’d like to go for the largest quantity without going above 28 or so. Best…
Eric: If the markets tank and FAZ shots up, you won’t have any trouble getting out of the trades, ha…… Once I’m in, I’m in long term and will not be going in/out on those…..
Hello John, if the market begins to move in your favor, and your February/March options contracts start becoming profitable, how are you planning on exiting your positions? What types of orders do you plan on using to exit your trades? In the event that the market crashes, what is your plan on unwinding your options positions in a fast-moving market? To fulfill the right-hand side of the ‘V’ that Phanuel saw in his dream, there is a possibility that a very sharp rebound could occur once FAZ reaches 46.56, which may not give traders enough time to react. Also, do you plan on buying any bank puts? Thanks, Eric.
Z3: Gold, Silver, & Platinum gapped down at the open, and have been retracing some of that drop. Currently, Irma was just downgraded to a Cat 2 with 110 mph winds, and it was downgraded to a Cat 3 earlier from 4. Therefore, it looks like the risk for catastrophic damage is rapidly dropping and the media, as usual, is blowing it a bit out of proportion.
PMs are way way overbought as shown on the daily, and platinum is current sitting on that ascending TL, and a break will send it a lot lower. Gold/Silver are higher, but its looking like that top made late last week could hold, so I just sent back in short one contract of Gold, Silver, and 3 on Silver. I got out of my oil trade, which hit big Thurs/Friday, but lost a little ground on the gap down in PMs. Anyway, its looking like our 2-3 week drop may be here, while they chase everybody back into stocks for one final push up in equities, IMO…. Best…
Huge short squeeze on PM futures this am, so here we go. Hang on tight, ha…. Gold spiked up to 1300 and dropped back quickly. Platinum spiked up huge, and then tanked 13 dollars. These are all positive signs the change in trend is at hand… Best…
John,
I went to velocity shares website and this is what I found.
USLV long silver outstanding shares 19.7M
DSLV short silver outstanding 1.4M
UGLD long gold outstanding 9.1M
DGLD Short gold outstanding 328K
What a difference seems most are bullish metals.
Hey Ed H: That’s probably good news for those of us short metals, ha, so thanks for the info… Indices are a little up, and R2K looks like a nice size bounce is due. Other indices are either bouncing off their 50 on the weekly or 100/200 on the dailies. If things stay stable next 3-4 weeks or so, it could allow time for a sizable drop in the metals markets, which is what I’m planning on… After that, I won’t be shorting the metals for a long time…. Best…
After watching today’s action, I’m pretty confident our long awaited drop is at the door step now. Gold, silver, and platinum typically move together, although I’ve found Platinum tends to lead, followed by Gold, and then Silver. Platinum closed down 5.6 and under the past 5 week ascending trendline across the lows on the daily chart. Both Gold and Silver closed just a hair above, which I believe is a setup to disguise the true direction here…..
There were rumors of a 2 million futures contracts traded on gold/silver early this am, causing the spike up and then early tank into pit, but it was righted early on, as they probably didn’t want ANY apparent unrest before the FED meeting. The FED speak at the J-hole in the afternoon really didn’t reveal much of anything, so I have to believe their intent is to keep things very even keel the next 3-4 weeks through late Sept., which means a slightly grinding hard stocks and likely PMs will get slapped down like they usually do when things (stocks, USD, bonds, etc.) are stable, IMO…. Gold/silver/platinum all closed well below resistance, within their channels, so a drop in the channels should still be expected, IMO. We’ll probably find out late Sunday night if they decide to take the PM markets down. Platinum is already well on its way, with a close under the rising trendline, so I believe Gold/silver will soon follow. I believe we’ll be knocking on Brad Pitts door in the next 3-4 weeks… Best to all and thanks to James for his hard work…..
Thanks John
God bless you.
Please all z3news readers please pray that SSM will not be approved in Australia. Postal votes will be underway soon and MSM are deliberately supporting SSM. Highly biased and antiChristian behaviour. There is nothing fair about this debate. Satan must be overjoyed. Thanks everyone.
Phil-Sydney: Good suggestions. Christian freedoms are getting huge attacks over here in the name of discrimination/race. Good bless you too. Best….
Thanks for the analysis John. I also think we are close.
september worst month to be in stock market but will see
Worst for bulls, best for bears.
Z3,
Check out the GDXJ daily chart. This is the junior miners sector. In early 2016 the 20 and 50 moved through the rising 200 moving averages and there was a 200% move. We have that same technical move setting up right now. The 20 has already crossed and the 50 is almost there. The 200 is rising. This is a major sign of a potential massive move coming in the mining stocks. One example of that was HL at .45 went to over 3.50 in about 7 months. Thats over 700%.
So we wait and see what happens.
That confirms what I am expecting to see based on a vision I had earlier this year where I saw silver prices soaring while equities were crashing. I believe it’s coming this fall and would apply to gold too since silver and gold typically move in the same direction.
You have been given a gift for seeing these moves. I believe that God has used these last years to build real strength in the faithful and the ones who were steadfast in serious loses and trials. If he can feed 5000 with 5 loafs of bread and 2 fish , I know he can do a lot with the little we still have.
I had a dream of 21$ silver as well as you.. But I also see the charts showing me a potential of $62 silver.
Thanks for sharing that Ed. On March 20, I saw silver at $110.
James, do you still think that silver goes to $9.50? Also do you think silver at at $110 happen before or after the crash where FAZ sky rockets?
I saw silver soaring while equities were crashing. I also saw silver crashing after moving up fast, which was the pickup truck coming to a sudden stop with the boy in the back seriously injured. I was not shown any numbers, but if silver is going to crash this year, it might be right after stock hit bottom.
Regarding silver hitting $110, I only saw the price with no dates, but I am expecting the dollar to get much stronger before the table gets turned over, causing the dollar to be devalued and FAZ to skyrocket. A strong dollar would tend to deflate prices of everything, including metals, so silver seems more likely to reach $110 later.
James,
Is it possible 2508 ( Sep 20’s top ) is the starting point of -5% market drop? Any more news on this -5% drop? It looks like the first bully for silver has been completed on Sep 20.
Regarding silver, I believe the recent drop completed the final scene of my dream where I cut the bully’s hand as he was trying to break in to my house. The technical forecast now shows more downward movement coming.
Regarding SPX, last week I saw it spiking up briefly from about 2505 to about 2514 to 2515 then dropping back down to about 2505 soon afterwards. I think that happens before the 5% drop. Then I saw a drop starting on a Thursday afternoon and continuing all day Friday. That might be the start of the 5% drop, but I was not shown how it all fits together. I was not shown the dates, just the days of the week.
Hi James,
For fun only :
I did some maths this morning during the parable of the lost coin. The widow loses 10 silver coins. My note says “Greek: ten drachmas, each worth about a day’s wages”
– an ancient drachma weighed 4.3 grammes = 0.138 Troy ounces (Wikipedia)
– ie. 7.34 drachmas in an ounce
– average annual salary in the UK is £27,000
– 233 working days in a year (in the UK) allowing weekends, 8 bank holidays and 20 days annual leave
So
– a days wages/ value per silver coin = £115.88 per day/ per coin = $157.19 per oz
– x 7.34 = $1,154 per ounce biblical value
– a big return on the current $15-16 we’re watching for
Dodgy exegesis (possibly also dodgy maths (Ed H ?) and the point of course is rejoicing in the presence of the angels over one sinner who repents. But quite interesting.
Great job with that Nick. I think you’ve found the true value of an ounce of silver. It will be interesting to see how close the price gets to that.
Interesting – So we will need one Troy oz of silver per week per person. (If one can buy food) Is that correct?
Hi Maj Matt,
Many believe the silver price is too low, especially relative to gold (historically 1:15 gold:silver, now 1:78 gold:silver).
There’s a view here on Z3 (by revelation) and elsewhere (by analysis) that the silver price is going to increase greatly – even going “though the roof”. Even more than gold, relatively.
To catch up with its usual ratio with gold, silver needs to go up more than 5x. To catch up with its value in the parable (which I looked at as a very rough exercise only) it needs to go up by 68x, i.e.6,800%
The current silver price may have little further to drop, but it may be worth while getting in now, buying an occasional ounce as you are able.
I’m sure others will comment/ correct me.
Nick, Thank you! Do you know what the revelation on the future price of silver is? I would enjoy reading that dream or vision!
James,
Thank the Lord. He did not forget me. I need this information so much. Thank James for sharing.
If silver actually gets to $62, I could see a crypto type hype going on and people would want the metals and the price could very well go to that.
Oh wow awesome! I have been waiting to see why the Lord told us last year to sell Faz at 50% loss and buy HL instead. Glory to God!
Fancy,
I just realized I typed in the wrong stock. It was NAK that had the big move. HL did well also but did not have those gains.
Well, Glory to God anyway. I’m sure it was a confirmation personally to me since I don’t believe in coincidences. It’s all in His hands!
Thank you Ed for posting it 🙂
Blessings and I will pray for you and your family in California.
Fancy,
Thankyou, we need all the prayers we can get. And yes I don’t believe in coincidences either.
Complete slam-up on Gold/Silver, which I didn’t believe Silver would break stiff resistance at 17.22. Maybe the uncertainty tied to Harvey was a little much, and stocks didn’t really drop that much today. I still expect stocks to form the ST bottom here. Liquidated two silver and one gold contract at 17.3, and held the two other silvers, one gold, and one platinum to reduce exposure. Platinum still stayed contained under the 200 ma on the daily, which has me suspicious that this could be just a massive short squeeze before the real drop. If she bounces off the 200 ma and keeps going up, I’ll liquidate my remaining Gold/Silver. I’ll stand pat for now to see how that level plays out.. Hopefully, they slam it back under the 200 ma and we get our drop, but will have to see.
Best…
yeah, the silver boost up embarrassed me today, honestly. Probably Arnold came on the stage???
Ha, yeh, sounds like Arnold showed up… Its still looking like a massive short short squeeze before the drop to me, but to confirm, silver will have to drop back below the 17.22 level pretty quick. Platinum is already sinking back in AH trading. If things were really that bad, we should have seen stocks take a huge dump, which they didn’t…… The guys that control the metals futures are the most crooked ever, so never believe anything at first blush, and I’m sure they certainly don’t want small fish on the metals dump when it comes, IMO….
Sorry guys: I’m out of all my PMs. This ramp is scary huge…… Best…
Stocks like like they’re stabilizing and gold/silver look at least due for a retrace, so I’m back short with 1 gold/2 silvers, but will be out in a flash if we break the am 17.63 high on silver or 1330 on gold. I’m hoping Arnold gives it a rest at this point.
Z3 silver update.
Today was a good day for.metals.
Levels of resistance for silver.
17.40
17.76
18.20
18.60
21 range which there have been dreams about
Then from 21-25 No upper resistance.
This is from the weekly, daily and 1hr silver/$USD chart
Z3,
Silver update. The 1day chart is showing a potential golden cross coming soon. The 20MA is above the 200 and the 50MA is close. I posted on Aug 29 about 17.58 as a resistance level it has held so next is 18.64.
BTW the 200MA is rising the last time silver had a successful golden cross it went up 33%. Before that it went up 114%. Will it happen now? Good question.
Gold update. 1350 is long term resistance and so close to it now. The Gold chart actually looks stronger than the silver chart. So again we will see.
Hey Ed H: I finally think our turn in Silver/Gold is here. You were right about Gold hitting 1350, which it hit in futures. Didn’t think we’d see 18 dollar Silver before the drop, but anyway. Still holding 3 short PMs. Platinum is looking like it could break its ascending TL soon, and Silver/Gold may follow. Silver right at the 200 ma on the weekly now, which would be pretty hard to break. Now, we just need NK to stay quite and Irma to keep heading west, and we may just get our 2-3 week slam down. Best…..
John,
Yah, it’s been tough figuring out these markets. If Gold could break 1380 range it’s game on because that would be over the 2011 down trend as of today
.
Looks like silver is already above it.i ran the down trend line from 2011 high to 2016 high and the uptrend from 2008 lows to current lows and the intersection point is 14.47. Very, very close to what James saw at 14.45. Using the weekly chart for silver/USD and gold/USD.
Also interesting is Christian posted about Oct 16 as a watch date and my intersection point is exactly on that day.
Of course this could be off by a few days because I’m picking points that might not be the exact low or high.
Ed H: Take a look at that 200 on the weekly. Looks like huge resistance. MACDs on Gold/Silver daily charts with more fakeouts than normal, and daily RSI’s now way way overbought, so we’re likely due now for at least a pull back, but I may not be riding it all the way down as PMs may have established a new uptrend,and the coming move may only be corrective. I guess we’ll see. I’m planning to add more shorts soon. Best to you….
Ed H: Waiting to see what happens with Irma before adding more shorts at this time, and we will likely be going into the Friday weekend ramp fairly soon. We’ll have to see if it takes out resistance again. If not and Irma causes little damage to US, that point may be a good time to add PM shorts….
Yàh Gold keeps touching that 1350 .silver still has about .40 to test next level. I’m not long or short right now. I’m long physical but not to sure on the paper.
Like you said this coming Mon could be a real indication of PM direction. So for now I wait.
Should have gotten calls on HD. That was an easy score.
Ed H,
What is the next level of resistance for silver?
18.59-18.65
This is looking like one of those sell the news events, but gold/silver have been spiking up ahead of Irma landfall. No one knows how bad it could really be, and even high rise buildings could be impacted. I went out of all PM positions early this am and am waiting it out. Riding some oil shorts to occupy my time. Likely tomorrow may have an upwards slant, so I’d look to sell the news when gold/silver futures open up Sunday night if Irma starts to die out or doesn’t make landfall….. Sure is tricky because if it doesn’t, it could gap way down…… If something major happens, like Andrew or Katrina, it could gap way up……