YAY $17 yay :D

Discussion in 'Silver' started by thatguy, Dec 9, 2014.

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  1. Gatito Bandito

    Gatito Bandito Active Member

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    This is a global forum, with participants from all around the world. :)
     
    Gatito Bandito, Dec 9, 2014
    #21
  2. wwolfe

    wwolfe New Member

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    Looks like it will close over $17 but I bet it drops ~2% tomorrow. Seems to be the trend after a big swing upwards.
     
    wwolfe, Dec 9, 2014
    #22
  3. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    Silver up $1 in a single session and its still going sideways, good to know some things never change even when they are obviously changing quite fast.
     
    phrenzy, Dec 10, 2014
    #23
  4. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    sure plants move with the sun as well but if you only look at it every second constantly watching it, you cant tell.
     
    Court Jester, Dec 10, 2014
    #24
  5. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    yes I dont know why the rifraff was let in.
     
    Court Jester, Dec 10, 2014
    #25
  6. The Crow

    The Crow Member Silver Stacker

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    ^^^
    It's not like we don't have enough riff raff of our own already ....
     
    The Crow, Dec 10, 2014
    #26
  7. dccpa

    dccpa Active Member

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    Same thing we asked GP when you signed up. :)
     
    dccpa, Dec 10, 2014
    #27
  8. Skyrocket

    Skyrocket Well-Known Member Silver Stacker

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    It could jump back down by end of this week too.
     
    Skyrocket, Dec 10, 2014
    #28
  9. TreasureHunter

    TreasureHunter Well-Known Member

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    Hmm... What if this is just a "bump"?

    Gold is supposed to correct a full 50 %, reach sub-1000 $ gold.

    Why would silver start climbing while gold goes down?

    I think 10-12 $ silver is highly likely.
     
    TreasureHunter, Dec 10, 2014
    #29
  10. Orbit

    Orbit New Member

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    I think the same. But when is the question.
     
    Orbit, Dec 10, 2014
    #30
  11. trew

    trew Active Member Silver Stacker

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    Based on what ?
     
    trew, Dec 10, 2014
    #31
  12. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    I've read a couple of articles where somewhat credible people are calling a bottom. Even the big investment banks like HSBC are calling $1200usd average gold for 2015. I Think if the world economy was the NASDAQ then you might see 1k gold but the world's a bigger place with bigger problems.


    Plus we're apparently breaking some important technical levels which might bring sentiment back for the broader investment community. Definitely going to be a few investors looking at gold today who haven't given it much thought as an investment for a year or more. Nothings set in stone but I think things are looking hopeful.
     
    phrenzy, Dec 10, 2014
    #32
  13. monopolize

    monopolize Well-Known Member Silver Stacker

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    Why does gold HAVE to correct a FULL 50%?
     
    monopolize, Dec 10, 2014
    #33
  14. No1joey

    No1joey Member Silver Stacker

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    Yeah just like gold was supposed to hit $1050 by years end how many people said that.
     
    No1joey, Dec 10, 2014
    #34
  15. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

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    *makes bullish claim* silver down 15cents in like 20 min.
     
    phrenzy, Dec 10, 2014
    #35
  16. alor

    alor Well-Known Member Silver Stacker

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    last time it moved from 17 to all the way 48, now we should see a 1.50 a day move. then 2.00 move then 2.50 a day move :lol:

    stacking the same way up and up and up again, being repeated.

    to be proven :)
     
    alor, Dec 10, 2014
    #36
  17. TreasureHunter

    TreasureHunter Well-Known Member

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    I have a feeling... prolly next year? Spring and early summer could bring silver prices down below 14 $.
     
    TreasureHunter, Dec 10, 2014
    #37
  18. TreasureHunter

    TreasureHunter Well-Known Member

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    Based on previous levels, just look back.
     
    TreasureHunter, Dec 10, 2014
    #38
  19. TreasureHunter

    TreasureHunter Well-Known Member

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    Because Jim said so (Jim Rogers in an interview).

    [youtube]http://www.youtube.com/watch?v=kuUeir8baMc[/youtube]
     
    TreasureHunter, Dec 10, 2014
    #39
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    No-one really knows, but the 800-900 $ interval could be a good bottom, considering it's a bit above production costs.

    Sub-1000 $ gold is highly likely.

    Investor sentiment is rather weak, weaker than during the previous little spikes. And every time there is a little bump, we tend to think "this is it, it's going to the Moon!".

    I think: a little bump in silver's and gold's price was expected. It has to breather, oscillate. It's alive!
    So, I think it's highly possible that THIS IS NOT IT - it's not going to the Moon yet. In fact, it might as well go sub-16 $ or oscillate before the year's end.

    I'd be especially curious about what happens in the December 23-31 period. that's roughly 9 days. I expect weaker activity in that period. January could be bullish again.
     
    TreasureHunter, Dec 10, 2014
    #40
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