Spot silver prices have moved into the range where I saw some graphs back in March. The current price is $17.47.
On March 16 2017, I saw a graph of silver dropping down steeply to $17.10, then bouncing back up to about where it was, then it continued working its’ way down, but I did not see how far down. It might have made it back to $17.10.
Four days later on March 20 2017, I saw a graph of silver moving a little lower, maybe 10 or 15 cents, then it dropped straight down, but I did not see the price at the bottom (my guess is $17.10). Then it bounced straight back up to $17.47. Then it turned around and started working its way down, but moving in a choppy pattern up and down.
I believe both graphs showed the same drop and bounce back up. I was not shown the exact starting point for the move lower, but would estimate it was somewhere around $17.60.
Since the timing is unknown, I am watching for the first part of the pattern to be fulfilled with the steep drop down to $17.10. I believe that will be a good entry point to trade the bounce back up to $17.47 and then the return move back down. An even safer option would be waiting for the drop and bounce back up before trading the return move back down. These are not big moves, but with a leveraged ETF like DSLV and USLV, they’re three times bigger than SLV, which is based on spot silver.
As always, these insights provide only partial information, so this 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.
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Beautiful worship song: For His name is Holy, Holy, Lord. Yahushua.
https://youtu.be/s4CRvAPzxjI
This is the best Spirit filled worship I’ve heard in years. This absolutely arrested my world. I can’t even explain the blessing it has been to me — beyond words.
https://www.youtube.com/watch?v=WH2Q_FQ8w4A and this
https://www.youtube.com/watch?v=tdKz_mVt0to
Interesting relevant news clip: ALERT: Unknown Entity Deletes Portion Of Whistleblower Andrew Maguire’s KWN Audio Interview About A Major Event In 26 Days
Removed portion:
Eric King: “This summer surprise that you say is in front of us in the gold market, Andrew, I know you can’t say specifically what that is, but can you give a hint at what is in front of us that’s going to be the shocker in 26 days?”
Andrew Maguire: “What we are going to see is a massive amount (absolutely enormous tonnage) of physical gold buying coming in and it’s completely unexpected and unanticipated.”
Thanks Phanuel.
Phanuel, do you think June 6th will be a turning point in the market? Do you think the market could make a new high on that day and then begin to drop on 6/7/17? If so, how long do you think the stock market will decline before it will begin to rise again? When do you think the DOW will be at 21813? Will this move up cause FAZ to decay even further than $18.89/share? Thank you.
hi Corey,
I will try to answer what I can.
1. I’m looking for a new high on June 6, based on what happened with “301 017”.
2. Not sure we drop the next day, may take some days/weeks
3. I think the decline will be short lived
4. No timing given on 21813, but I think its short term
5. FAZ will continue to decay.
shalom
Thanks again!
Hi Corey
I just had a dream and saw futures down 13-15 points and kept dropping…and was thinking a “waterfall”..,, so be cautious today as it “may” happen today.
Shalom
7 June 2017 is the 50th anniversary of Israel retaking the Temple Mount during the 6 day war.
Phanuel,
Any idea how many points drop for S&P you are expecting for this correction ? JB excepts it to be 30-40 points drop? After the drop, I suppose we should go long the second day? ( JB’s insect drop to the water part — this part as slower drop ? ) And gold is rising ( JB said silver rise coresponding the equity market drop ).
William
not sure as I recently saw 2272. Also waiting to see if 2440 is the actual top (for this round).
shalom
The current support level on the SPX is 2415. The next lower is then 2379. If it loses that, it could get interesting.
I bought a SPY put today.
What vehicle is there to go long s&p? Spxu to short, …. to go long?
Tim, one way to go long is SPXL, I do not use options, because the timing is the hardest thing to get right, and most options expire worthless. This is not a trade recommendation, but I would use caution going long here, I believe we are forming a top, and that a drop is close. I’m not going long until we have our next drop, which could be soon. Again, I’m not making any trade recommendations, the best advice is to go to the Lord, and Do Not make any moves unless He shows you, because, I have learned many times, if I make a move in anything, and I didn’t get a go from God, I end up losing, or doing the wrong thing. Seek Him with all of your heart, and He will direct your path.
God bless.
Thanks
Tim
I use SPXL and UPRO. I plan to go long soon and stay long till the fall, unless the Lord tells me to sell before then (like few weeks ago).
Shalom
Phanuel
I have a bitcoin investment trust GBTC to obviously invest in bitcoin but do you know of a stock/investment trust for ethereum?
Tim
Hi Tim
I don’t know of one.
Shalom brother
Thanks
Thanks for sharing those insights Christian. In a dream I saw silver moving up around the same time when equities were dropping. I believe those were instructions for me to wait for silver moving up before opening a short position. Today, it started moving up, but I think we will see more upward movement when equities drop, which I am expecting soon, possibly next week. I believe that will then be a great time to short silver.
Z3: interesting interview with Greg Mannarino who analysed last Friday NASDAQ drop as a precursor of a market crash driven by the Deep State as an attempt to get to Trump.
http://investmentwatchblog.com/gregory-mannarino-market-crash-and-civil-war-possible-deep-state-will-take-down-markets/
I saw 46.56 all day yesterday
My antennas are up
Futures down big…. we shall see
Shalom
Phanuel, is that a FAZ number? I have seen FAZ 46, (FAZ 69, and FAZ 71 more recently.) My thoughts are FAZ 44-46 might be possible with H3, if it drops far enough, but that could be some time away from now. Also, FAZ 69/71 may come later in the fall, or next year? Praying for revelation. Some time back I saw a green 452 number in a dream, this was back in 2016, I was asking about FAZ back then, maybe it was FAZ 45.2, or a high for FAZ when banks collapse, I honestly do not know. I see 111, 222, 333, 444, 446, 555, and 1111 all the time now. Do you see any of these numbers at times? Thanks.
God bless.
I believe it’s FAZ as I first saw it almost a year ago. Yes I also see the repetitive numbers numbers ( prophetic fulfillment, end times)
Btw I went long again with SPXL
Closed my long position now
Phanuel, I believe we have another correction coming, then we go up higher. I entered a UVXY position, which is up 2.42% today. I plan on going long after this next drop bottoms. FAZ is nearing the 52 week lows, it is just .64 cents away from the $17.00 yearly low. I probably will not buy FAZ, until we peak later this year, maybe this fall season. After this next drop, I plan on buying SPXL, because I think markets will probably go to new highs. I’m watching metals, plan on shorting them soon after we get the next market drop, as the markets head up higher. We will see what happens next week. Not making any trade recommendations here. Bitcoin and Ethereum are rockin it, I have been adding to those positions:)
Shalom.
You closed SPXL? Are you in FAZ yet?
Hi Tim
Closed SPXL
Not yet in FAZ. I’m probably going move most of my stock funds into cryptos for now (before the fall). The current profit margin of cryptos is once in a lifetime. I still think 46.56 is when to sell FAZ, probably to avoid being “caught” when the banks freeze.
Shalom
Phanuel
Thanks for the update. Have a great weekend
Tim
Tim
You see what happened…
New high then waterfall
Let’s see how far it drops
Wow NASDAQ down 157 point!!
NASDAQ in free fall. I exited SPXL also. Really debating on getting back into FAZ.
Tim
Be careful all the banks stocks are up
Typically the best time to get into FAZ is when bank stocks are high. Interestingly, JPM looks to be forming a beautiful head and shoulders.
I will be cautious. Thanks
Phanuel, it sounds like they’re going to keep the stock market artificially propped up (perhaps keeping the DOW above 20,000) until September 20th, and then crash it all at once, beginning on September 20th or 21st. I thought that there would be a more of a gradual decline in the stock market, with more meaningful corrections along the way (such as the big drop that we saw in August 2015), but that hasn’t happened. I get the impression that they’re going to keep up appearances as much as they can with regards to the economy until the very last minute, and then suddenly pull the cord to catch everyone off guard. Your thoughts? Also, do you think that once FAZ goes to $46.56, it will reverse significantly before it begins to head towards $60.13? Thank you.
Corey
New high then waterfall happening now
3 days after “606”
Like the dream
Wow!!
Corey if FAZ rises above $22 I’m jumping back in……and will look for 46.56 fulfillment. If not will look for it in the fall.
Shalom
Tim/Corey
But then again…. I got into ETH around $50 per coin and it’s at $280 per coin today …. you see the upside…..
Got into VERI coin at 33:1 Eth and today it’s 4:1 Eth …..
The stock market is child’s play compared to cryptos . …. so why waste time in the rigged stock market??
Shalom
Hi Phanuel, has the Lord given you any insight into what price levels Bitcoin, Ethereum, gold, silver, etc. will reach in the future? Thanks.
Corey
It’s an ongoing prophetic process
So far
Btc $6143
Eth $ 711
Silver between $500-$1000
Converted all my gold to silver
Shalom
Phanuel,
Do you see any immediate price correction to Bitcoin or Ethereum? Will be another sizeable pull back once Bitcoin reaches $3300 level? Thanks!
Hi Mmw
This is how I’m playing it…
I plan to take some profits and use the funds to purchase physical silver and settle some debts when BTC hits $6143 and ETH hits $711 (whenever that happens). I also plan to take some profits in August (before the fall). It’s always good to take profits periodically along the way.
Shalom
Which one do you recommend more? Bitcoin, Ethereum, or something else?
Richard. Ethereum is making greater percentage gains than bitcoin, Ethereum is up 1,896% on the yearly chart, bitcoin is up 390% on the yearly chart. I’m buying both, but putting more in Ethereum for now.
Yes I saw that. I’m 2 to 1 ethereum to bitcoin now.
Richard
They are all worth it. They are my top 3. Hard to choose.
Shalom
Ethereum just went vertical!
Not surprised I saw it double in price.
Shalom
Wow Eth rocket ship 🚀🚀
350….
Man, Ethereum is up almost 2,000% in 1 year!!! This is the one I feel led to load up on:)
Watch out for crypto scams
They are going to increase
https://youtu.be/1fBqjB-uKpI
Phanuel, what do you see for gold?
Gold will do well but not as well as silver. In fact I switched all my gold for silver. I don’t own a single gold coin, which is ironic because I’m a gold person.
Shalom
Thanks Phanuel for the answer.
The Lord really spoke to me through your comment on silver earlier.
The silver will be used to fund my street ministry and help others.
Thanks for the answer and confirmation.
Amen Rev
I was loading up on gold, until I had at least three dreams showing that silver was more precious. It was counterintuitive.
Shalom
Did JSnip’s instructions help you buy the Veri coin? It was tough to follow/
Javita
I used the veritaseum site instructions… I already had myetherwallet so it was straightforward. It’s VERI token not VERI coin ( which is a different one).
Shalom
Thanks Phanuel for the clarification of VERI coin versus token..I’m going to try hopefully to get all this done and buy some..blessings, Corrine
Is there a vehicle to short the nasdaq?
QQQ puts
Phan, I’m so bummed I didn’t get into VERI’s ICO. Did you see it’s on the coinmarketcap site today at $60.06!? Wow, congrats to all of you already holding. I agree with your statement about the stock market vs. cryptos seems like child’s play.
Hi Faith
I saw it got as high as $80. You can still get in. It’s still early. Be encouraged. I had a dream that it will do very well.
Shalom
Hi Phanuel, what exchange do you use to purchase Veritaseum? Thanks.
Hi Freedom
I used the blog instructions during the ICO. Switched some Eth for VERI using myetherwallet.
Shalom
Thanks Phanuel.
What just happened to VERI?? Coinmarketcap shows it dropped -94.75% and it’s $3.16. Is this a glitch?
It’s still not on the major exchanges… so it will be volatile….good time to load up.
Give it 2 months.
Shalom
VERI still doing well here
https://etherdelta.github.io/#VERI-ETH
Hi Phanuel, I had a very difficult time with that site you listed.. I couldn’t even figure out how to open an account there.. what do you think of this site I found blog.veritaseum.com Is this the correct coin.?
Yes that’s the site.
It’s a month or so away from major exchanges.
Etherdelta is a terrible site. If you can get in now it would be great because VERi is tied to ETh.
If you google blog and veritaseum it should come up
Corrine
This is a good thread to follow
https://bitcointalk.org/index.php?topic=1887061.0
Cant argue with that. Today’s swings are unbelievable.
Hi Phanuel,
Does the market correction you are talking about finish yet?
William
Recall I posted substract 2380 from the new high/ 2
(2446-2380)/2 =66/2=33 (approximate)
Low today was 2415 (31 points)
Futures were down greater than 15 like I saw.
So let’s see… the caveat is I recently saw 2272.
Shalom
Phanuel,
Thank for letting me know. When s&p got to 2415, I was sleeping. ( I am in Australia). So I missed the exit. So I suppose we should go long on the market now?
Phanuel,
I think I’ll wait for 2272 to go long from there. Before I may just do nothing. Thank you again for letting me know.
So what do you think these numbers mean?
Sorry Richard, I think your question was for Phanuel. I have been up all night. Need some sleep, I didn’t look at the date and time of your question.
Richard, numbers are new to me, I just started seeing them not even 2 years ago. I have had many dreams for over 20 years, when they are from the Lord, they are in color, very detailed and I remember the whole dream. The numbers came after I found Z3 I believe. There are many people who are seeing the tripple digit numbers (111, 222, 333, 444, 555, 1111). Some where here on Z3, Dr. Patricia has a video explaining these numbers and what the Lord has shown her what they mean. If find it, it is really worth watching, she can explain it than me.
God Bless.
I’ve watched her video on this many times as I see those numbers daily. Praise God!
I saw Jnug about 3 weeks ago, and gold was about 1235, it is now almost @ 1282, about $46 move up. I was thinking gold was about to top, but I saw JNG today. So, maybe we go higher, will be praying about it. My thinking is that stocks are going to be dropping soon, June, or July, so that would probably send gold/silver higher. I’m praying about this. These are not trading recommendations, please take everything to the Lord.
God Bless.
Freedom2017,
Just looked at the gsr chart, looks like a death cross is just about to happen. Last time in 2011 the gsr hit around 43. That puts us at 30$ silver at todays gold price.
Also the weekly TNX chart is trending down could be a signal money will start going into bonds and out of equities.
Thanks Ed, I’m hoping for a dip to get in. Gold about to pass April’s high. Also, Bitcoin heading to $3,000 soon and Ethereum at $265
Fyi – GBTC did 6% overnight. This bitcoin investment trust is doing well and can be bought in a brokerage account without having to transfer money to a place like coinbase.
Richard,
Take a look at the GLD one month chart. Looks like a head and shoulders is about to break.To the upside.
The DXY/JPY chart as well the 1 day. Looks we need to get out of the dollar. So where is the money going to go?
I sold my SLV calls yesterday. Too far out and the money was just sitting.
Richard. Thanks for the head’s up on GBTC. Brilliant!
Be very careful with this fund as it is dropping hard. As bitcoin has been growing up this fund has been dropping hard. Therefore this fund is apparently not tracking the value of Bitcoin at all, but maybe something else related to it. It appears that it cannot be used as a proxy for Bitcoin.
Richard
Is there a trust for eth also?
Tim
Not to my knowledge. But as interest in crypto currency is growing so rapidly, I would just keep my eye on the sector.
I bought some GLD calls today, but went light. We’ll see what happens.
Wow did gold pop today. I just sold at almost double overnight. All glory to God.
Nice trade Richard, gold busted thru (April’s high 1294) just over 1295, I’m not sure how high gold is going, I saw JNG 3 weeks ago and it has climbed $60/ounce since. Since we broke thru 1294, I’m inclined to think we may even go higher, but I honestly do not know at this point.
I don’t follow spot gold prices, only the trading vehicle GLD. I think GLD will definitely go up to 125, but could go up as high as 130 or 132.
As for JNG, I assume that you mean JNUG. This hasn’t been this low since the beginning of 2016, so it is definitely a good price for entry. 5/4 was the low this year, with 6/1 being a higher low, which is a strong indicator for a rise. When JNUG ends a day above 21.28, it will probably fly. I personally bought some NUGT yesterday.
Thanks for sharing your information, as it led me to do a technical study on it.
*This is not a trading recommendation.
I saw JNG yesterday, gold is already up $10 an ounce from 1281 to 1291.47 since I posted 8 hours ago. We are quickly approaching April’s high of 1294, possibly will go above that. Will be interesting to see how high gold goes up this week, especially if we get a good drop in the markets. My thoughts are that the stock market will have at least have one more nice drop this summer, then we head up to much higher ATH’s thru the summer and fall season, and then the larger drops come this fall season on thru 2018. Also, I believe when gold/silver do top, they are going to come down and retest $1215, or lower for gold and $16.15, or lower for silver. Take everything to The Lord Jesus Christ in prayer.
Freedom2017, James, Phanuel, Ed H, Richard and Z3 family; thank you for all the sharing of information and revelation! I’m trying to keep up and staying sensitive to the Lord. Just one question: Freedom2017, are you Dr Jim Reeve? I’m still missing him!
Hi Kshine, no I’m not Dr. Reeves, I’m David, just another person who loves Z3:) God Bless.
Kshine, I use to use the nickname DLBM:)
Yes! I recognize DLBM; thanks David for the reply. I appreciate the reminder to always wait on the Lord before making a trade! God bless!
Thanks for sharing this confirmation Cris. Cycle analysis shows a 15% correction in July with a return to new all time highs. Rachel Baxter saw the fall in the markets begins this fall, confirming the bear you saw.
Hello James, just a reminder you are on vacation spending time with family. 😉
We have lots of downtime here to play with our mobile devices.
The silver chart is leaning towards a golden cross in about a week or two. We are only .16 cents off your $17.10 mark. Will keep watching for sure. I’m leaning to a gain in metals so much so that I have entered some SLV calls for 1/19/18.
If we see war in the Middle East this fall, which a lot of prophetic stuff indicates, metals should move way up and your calls should pay off. I am watching for the fulfillment of what Pastor David Lankford saw with silver dropping down, down, down, all the way down to $20 per ounce. He saw that happening just prior to silver prices skyrocketing. So for that to happen, it has to go way up first.
James,
The chart has shifted since a few days ago. They just won’t let the 50 move above the 200. Looks like right now if silver breaks 17 we are going down.
I am expecting to see at least one big drop in silver before it moves significantly higher. I heard someone else saying God showed them at least two more big drops ahead.
I have a friend who shared with me that the Lord told him there two, and possibly three more lows in silver before the big spike. He has been able to sell his silver and buy back cheaper successfully, and plans to do it again.
Thanks for sharing that Richard. I did not know there were two or three lows, but I am expecting one more when we see two legs down as I have shared in previous posts. I believe that drop happens before it starts moving way up, so prior to September 2017 seems likely because that is when war in Israel might start.
I actually think that there will be a large spike for the war, but post war move way back down. So that the war would be time to sell physical and buy back a couple months later. Then the major move next year.
I agree. That scenario fits what Pastor David Lankford saw for silver prices. I have been relying on Sundar’s timing for the war. Earlier this year, he stated it was coming this year, but in the latest newsletter, he clarified his statement and was saying it could happen this year, but the word he received on it did not say it that clearly. Others have been seeing prophetic warnings of military actions ahead, so hopefully the timing will get clearer as we get closer.