Last night as we all know was a very volatile night for silver on Wall St. Will this trend continue in early trading days next week or will there be a sharp correction? If this upward movement continues for a couple of weeks at last night's rate, will it cause a mini rush amongst SS members? Will new stackers who have only just joined the race and started stacking when silver has been under $30 panic and start to buy at a faster rate? No one wants to miss the boat when they have just bought their ticket. Old seasoned stackers will not be as concerned as they have seen these rallies before but even they don't know whether to buy or sell because no one knows for sure when the bull run will end. This time it may well be different..Will the owners of silver sell and reduce their losses if they have previously bought in at the $30 to $45 range? Going on the SS membership numbers, there will be a lot more players this time! Will there be a huge increase in silver holders if the fiat holders get scarred? The question for us all is, is this the start of a new bull run in silver? I will say that if it goes over $35 then that is when I havn't got a clue what to do as I have been right some times and wrong on others. Let the spinning wheel ride will be all I can do. These will be another interesting times for all silver stackers, some of us will be happy and some not so. If this is another bull run, best of luck guys! Regards Errol 43
If it closes over $33.52 i'm going long, but I still feel $19.10 is on the cards. How it reacts with $33 will be critical as to what happens next
Sell into the rally.......Buy in the dip! In saying that. having a long term plan will help the newbies & seasoned stackers alike too, It amazes me how many don't have a plan for their Silver/Gold holdings. Plan your plan and stick to it........Best of luck all, in making hay.
Well, looks good to me. Both silver and gold have broken above their multi-month downtrend lines. They even seem to have pulled back and tested the break only to then surge again. I think even old SilverSale buys under that condition. All I need is the 50 dma to cross back over the 200 dma to be 100% convinced but that will be when silver is dollars higher. Hard to see what's not to like and we have the privilege of buying the stuff with a strong AU Dollar. I've bought all mine anyway - sick of silver. "The only time I'd personally start buying before it hitting my target would be if that large year-long diagonal trend line was broken & heading north. That would be the sign of a freight train taking off. We should be sometime off that however...." SilverSale 2012-06-29 http://forums.silverstackers.com/to...n-this-bullmarket-on-weekly-chart-page-2.html
Will, may,could, buy, sell, upward, spinning wheel, if, range, increase............... Enamour the journey.
"$19.10 is on the cards"?? now that would be optimistic on the downward side of things... I'm LT in vision but it would certainly be good to see it at price again but hard to imagine that low... you must be pulling my leg here
Nope the only joke will be on whoever is silly enough to sell me physical (or paper) silver at that time
i saw one chart that looked like we are in a rally from a dead cat bounce i am still with "thatguy" on this one its going to drop down to 20 22 , but this is all speculation and its like reading tea leaves. but the chart is on SS somewhere in the silver section posted last few days looks like a 3 or 4 month dead cat. i got no currency to buy at the moment which may prove a blessing in disguise.
really?? while we have unbacked fiat currency the bull run will continue! and you can take that to the bank! :lol:
really?? if one was just newly born and had absolutely no knowledge at all of world happenings then i'd agree with you :lol:
That statement does not make sense as you would not be buying much less be in a site about silver investing, if you believe so.
I'm looking at getting into the silver stacking game as I have a small amount of fiat currency gathering dust and the ill effects of inflation, not large enough for the 'barbarous relic' unfortunately, so the price of silver would not be a huge disincentive for my needs.
i was saying if that chart follows that same pattern not that i believe it will but stranger things have happened. really gold is a better bet for storage of wealth, silver is more for the gambler in me but safer than a horse
Is two a pattern? I don't think so. If you like chart patterns that is actually the formation of something very bullish
