looks like a dead cat bounce

it seems like the run up back to $40 was a dead cat bounce. I'm starting to believe some peoples hypotheses that the people who didn't dump their Ag in the mid-high $40's we going to dump it as soon as it gets back to $40. To be honest I'm going to wait until Ag stabilizes and trades sideways for some time before I "back up the truck" as I have a feeling that we may be visiting the $20's soon.

 

Was a fast rise to $40 so it kinda wasn't too hard to pick. Still had me worried when my target was $30USD and it stopped @ $33 and headed back up. Still might be wrong, but I was sure it wouldn't be fun

 

Mondays Experts

 

Shit! What happened to the weekend. Damn that Tequila

 

bull trap

 

or bear trap?
who the f

 

looks as if the market is suggesting to the FED more QE is needed
IMHO this could get a little ugly in the short term, long term no issue

 

Blathering idiots and paranoid psychos best understand the silver market but i shall humbly attempt to distill their wisdom.

When the price of silver goes up, it is fundamentals. Buy.

When the price of silver goes down, it is manipulation. Buy.

Conclusion for today? Buy.

Hope that was helpful, thanks.

 

It's funny because it's true!

 

Ha Ha! You got it! Buy at any price, at any time. From anyone anywhere. Not a very subtle business this! :lol:

 

Should be a fullpenny with that logic

 

Well I guess it depends on if your a stacker or a trader.

 

I dont see it as so scary really , it's only just over a %5 drop all up over the last month , or a %40 gain over the last six months, nearly %100 gain over the last 12 mths .

 

It depends where you bought in tho , and how you bought in, was it on credit or was it cash

 

The price madness doesn't bother me too much, cause I ain't selling. I've never sold any silver, the only coin I ever sold was a 1996 Don Bradman that I bought for $35 and sold for around $300. But he wasn't even silver.

Just a slow and steady stacker here.

 

I guess I'm more of a trader since I don't hoard my Ag, although I have a nice little stack of maples that I wont sell (they are too pretty) but since I'm not capable of constantly buying silver I sold (traded) most of my shiny stuff for cash. I'm waiting for the POS to bottom out, hopefully lower than my DCA of $35.

 

I do wonder how much speculation money will exit silver. It could bounce between 30 and 40 as the belivers buy below 40 and the speculators looking for an exit sell at $40. All in all I think this run is over and $25 dollars is coming.

 

Just put my house on the market today. Hopefully I can convince the wife to put some into silver when we sell it.

 

Won't surprise me if 32AUD/35US was the bottom for a while. If so I expect a, on average, sideways slightly up travel for a while. I guess we find out when COMEX opens again.

 

Exactly.

The recent spike was pure manipulation...........by silver hungry maniacs.

At the height of the peak there was one comment on here that still sticks in my mind. "just close your eyes and buy !".

What a pearl of wisdom that turned out to be.



C