Hello Guys, Below we have 3 charts ( from Kitco.com ) showing silver in last 10, 5 & 1 Years, as well as the 14 & 200 day moving averages ( 200/14 = 14.28 ) What do you think where will the SPOT go? Will it slowly advance further ( if yes for how long ) and than correct down? Will it go down? Im discussing the SPOT at the end of next weeks trading close? Will it be higher or lower than current SPOT ? Well , il make it into a competition while im at it we havent had one in a while Up for grabs im offering 5 x post sixpence various years ( 0.0453 oz x 5 = 0.2265 oz asw - not much but Hey its Free ) Foto below [imgz=http://forums.silverstackers.com/uploads/531_sixpnce.jpg][/imgz] source http://www.sterlingcurrency.com.au/items/1953-sixpence-choice-unc-ms-63 *** Conditions *** * SPOT IN USD SOURCED FROM SILVERSTACKER.COM WEBSITE * AT CLOSE OF TRADING THIS WEEK SO THE NITE OF FRIDAY THE 15/04/11 * INTERNATIONAL MEMBERS ARE WELCOME & ENCOURAGED TO GIVE THEIR ENTRIES * WINNING COINS WILL BE SENT VIA REGULAR POST * ALL MEMBERS CAN POST - SUBMISSIONS ONLY ALLOWED BY MONDAY NITE 00:00 TIME ( SS time )- or tue (00:01 am SS time ) * I CAN PARTICIPATE ALSO * BID IN THE FORM OF $XX.XX * EACH BIDDER TO CHECK PREVIOUSLY SUBMITTED PRICES - DOUBLE PRICE THE 2ND BIDDER TO SELFCORRECT AS IT WONT COUNT ************************************* To give everyone else a head-start , i will submit my bid below when the time value of the option is highest and thus hardest to predict. $ 42.53
Wow, the bids are dropping !!! Well, from the charts silver is kinda 'due' for you know what but monday is 11/04/11 - i dont know if Armstrong has mentioned this as some 'date' to watch, but it kinda looks semi-special to me ( compare with Japan Earthquake - struck on 11/03/11 !! ) i know i know coincidental, but i wouldnt bet against 11s this year if i were you. Wasnt there some talk about US goverment shutting down ?!! How embarrasing ! even the Libyan hasnt shut down yet ??? im still bullish !!! Lets see anyway
But I am hardly a reliable source. I buy, and the price goes down, like clockwork... actually, that means I am a reliable source...