Midnight to 6am - Overnight Spot Watchers Spot...

Discussion in 'Silver' started by Turk, Mar 31, 2011.

  1. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,890
    Likes Received:
    1,307
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    Reckon Tomorrow it will break thru.
     
    Andybz and crewy like this.
  2. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,890
    Likes Received:
    1,307
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    Even at $40 , not much to buy out there...
     
  3. coffeeluver

    coffeeluver Member Silver Stacker

    Joined:
    Sep 14, 2014
    Messages:
    108
    Likes Received:
    10
    Trophy Points:
    18
    Location:
    Sydney
    Yea everything seems to be sold out. Only numis left but they seem to be way more expensive than what they were a couple of years ago.
     
  4. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,890
    Likes Received:
    1,307
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    The last round was Back Up The Truck... even All The Wheel-Barrows was used up.
     
    coffeeluver likes this.
  5. Andybz

    Andybz Member

    Joined:
    Jul 24, 2020
    Messages:
    35
    Likes Received:
    16
    Trophy Points:
    8
    Location:
    Sunshine Coast
    Looks like we’re going back down to $37 unless it picks up again tonight, the Americans always seem to push it down though.
     
  6. Golden ChipMunk

    Golden ChipMunk Well-Known Member

    Joined:
    Dec 12, 2012
    Messages:
    7,890
    Likes Received:
    1,307
    Trophy Points:
    113
    Location:
    Perth, Jupiter, Venus, Mars
    Thursday Morning Retraction. :rolleyes: :(

    Thursday Morning Buys ;):D:p:D:D:D
     
    66rounds and Andybz like this.
  7. Sama

    Sama New Member

    Joined:
    Sep 1, 2020
    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    1
    Yolo CFD time
     
  8. Turk

    Turk Active Member

    Joined:
    Dec 23, 2010
    Messages:
    608
    Likes Received:
    76
    Trophy Points:
    28
    Location:
    Australia
    I'm expecting silver to bottom sometime tonight. Might be soonish. Expecting it might drop another 30-50 cents (USD) and then the current down trend might (hopefully) be over.

    There is brutal volatility out there right now as new longs jump onto the back of the silver bull only to be thrown off again by the waiting shorts. One dollar swings are happening regularly.
    It pays to look at the hourly chart for the overall trend.

    Sadly though, if silver happens to break strongly below USD $26.00 tonight -- then we may have a fair way further to fall :(
    Nevertheless I'm hoping for a turn tonight. There are 2 or 3 positive chart and sentiment factors. Interim new upside target would be up around USD $28 or so, followed by another move back up to around USD $30.

    Once it finally turns we will be bidding farewell to the current price range forever. Quite a good time to buy.

    SPOT: USD $26.38
     
    Holdfast, BlackSheep and adze67 like this.
  9. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,551
    Likes Received:
    3,396
    Trophy Points:
    113
    Location:
    Colorado USA
    I got a few more ounces Wednesday on my way home from aspen but there wasnt much.
    I got a 3/4 oz Colorado Historic Mining coin with some gold plate, two ben franklin half dollars and weird sets of coins in a flip thing like jewelry comes in and packed in a slide out box.
    Not something I'd normally buy but it holds one 90 percent newer Ellis island silver dollar and a clad half dollar worth 50 cents and it was for spot at $22 for each set so I took them both.
    Just nothing at all to choose from. I didnt really need anything but I got it anyway.
     
  10. Andybz

    Andybz Member

    Joined:
    Jul 24, 2020
    Messages:
    35
    Likes Received:
    16
    Trophy Points:
    8
    Location:
    Sunshine Coast
    *yawn* c’mon silver, do something! What’s everyone’s thoughts on the next move? Do We ride up to $39 Aud again or go lower?
     
  11. LiverBird

    LiverBird Well-Known Member Silver Stacker

    Joined:
    Jul 14, 2019
    Messages:
    481
    Likes Received:
    571
    Trophy Points:
    93
    People have short memories lol. Not so long ago $37 AUD silver was but a dream.
    Silver has been forming a strong base recently. That's a good sign, no?
     
    clear, Holdfast and Golden Stash like this.
  12. Andybz

    Andybz Member

    Joined:
    Jul 24, 2020
    Messages:
    35
    Likes Received:
    16
    Trophy Points:
    8
    Location:
    Sunshine Coast
    I think it is a good sign that it is forming a strong base as it will give us massive support for the next leg up. Although I would like to see it drop lower to give me an opportunity to buy more(cheaper) although I think I will still be buying when it goes higher. My TA is beginner stuff so I was just interested in other people’s views on the future silver market.
     
  13. jultorsk

    jultorsk Well-Known Member Silver Stacker

    Joined:
    Oct 17, 2016
    Messages:
    1,891
    Likes Received:
    3,391
    Trophy Points:
    113
    Location:
    Australia
    Silver momentarily down 10% and gold dipped below $1900. Wild swings. Whoopsie.

    Screen Shot 2020-09-21 at 8.51.51 pm.png
    Screen Shot 2020-09-21 at 8.54.01 pm.png
     
    Last edited: Sep 21, 2020
    Silver Bullionaire and 66rounds like this.
  14. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
  15. Pirocco

    Pirocco Well-Known Member

    Joined:
    May 24, 2011
    Messages:
    4,872
    Likes Received:
    149
    Trophy Points:
    63
    Location:
    EUSSR
    Don't forget to keep an eye on the bank of your "dry powder". Things may change relative to 2008, where nearly no depositor lost money due to the bank failures.
    Since 2011 I get an annual reminder of deposit guarantee limit. Customers/depositors won't be able to claim they didn't know.
    During recent years and especially recent months I took measures to reduce my dependency on third parties including banks to a minimum.
    Because to me, it's clear that the central planning has planned a next major crisis (this time with that corona virus as excuse). Cash payment limits, cash withdrawal limits, throttling, be sure that if you wait you'll end up with alot simultaneous with empty hands.
    World won't come to an end though.
    A second wave of lockdowns, however, is well possible to disrupt the supply chains in such a severe manner that even basics stall due to their "higher" dependencies.
    If you have trucks and not gasoline, you can import it.
    If you don't have gasoline and spare parts, you can import both.
    But if you don't have a truck left to import them, everything will wait for everything, and the economical "tissue" will effectively have ceased to exist. It won't take that long further on, to reduce an economy alike EU to Ethiopian levels.
    Big question is, how far will the central planning nazi's drive it this time? In some historical similar cases, they gave up. But in some other cases, they didn't, and the results are worldwide remembered upto present day.
    Buying dips in a stalled trading environment, may end up less easy than an email to a dealer.
     
    Golden ChipMunk and 66rounds like this.
  16. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

    Joined:
    Mar 16, 2019
    Messages:
    3,551
    Likes Received:
    3,396
    Trophy Points:
    113
    Location:
    Colorado USA
    I sold all my shares and my btc earlier in the week but new buying opportunities are coming fast.
    Wait for it!
     
  17. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
  18. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    its -10%
    another -10% ?
     
    66rounds likes this.
  19. 66rounds

    66rounds Well-Known Member Silver Stacker

    Joined:
    Jun 22, 2019
    Messages:
    2,986
    Likes Received:
    3,385
    Trophy Points:
    113
    Location:
    Melbourne
    $1820 USD Gold would be very nice.
     
  20. alor

    alor Well-Known Member Silver Stacker

    Joined:
    Jun 16, 2011
    Messages:
    12,102
    Likes Received:
    3,877
    Trophy Points:
    113
    gold was -2.5% only, may be another -2-3%
     
    66rounds likes this.

Share This Page