Silver Charting and Silver TA Chat

Discussion in 'Silver' started by Azure, Jun 24, 2012.

  1. hem9

    hem9 Active Member Silver Stacker

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    ouch
     
  2. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    :rolleyes:

    Unbelievable. To da moon. ;)
     
  3. Aengrod

    Aengrod Member

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    Whats the reason?
     
  4. tolly_67

    tolly_67 Well-Known Member

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    You don't seriously day trade do you?
     
  5. trew

    trew Active Member Silver Stacker

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    Probably a short covering rally but who knows

    If you find out who was behind the big smackdown you might have a better idea of what is going on
     
  6. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Just relieving a little bit of consolidation tension IMHO... :)

    [​IMG]
     
  7. Henry Wartooth

    Henry Wartooth New Member

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    Go back down just a little bit longer dammit!
     
  8. trader10

    trader10 Member

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    [​IMG]


    NOTE: Looking at the 4 hours , DAILY or WEEKLY charts VOLUMES(15th and 16th of April) sell off and massibe volumes ...... TODAY's volume is "miniscule".. nonetheless it's significant IMHO.... no reason to jump in yet IMHO but, to take note and watch it closely....



    Amazing run ! Very positive :) The biggest single-day jump in 15 months!

    Could it be on the back of Barrick Gold announcement?


    Pascua Lama was supposed to bring 700,000-800,000 oz of gold and 35 million oz of silver PER YEAR!


    Barrick ponders suspending Pascua Lama Project permanently

    Barrick Gold is considering suspending the Pascua Lama project or developing a smaller pit on the Argentinean side of the project, among other options, Barrick officials announced Wednesday.
    "At Pascua Lama, we are working to address the environmental and other regulatory requirements on the Chilean side of the project," said Barrick CEO Jamie Sokalsky. "Concurrently, we are taking hard look at evaluating all alternatives in light of uncertainties associated with the suspension of construction in Chile
    As a result of the court order, Barrick suspended construction activities in Chile, including work on the primary crusher and the Chilean side of the tunnel that moves ore from Chile to Argentina.


    http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=187605&sn=Detail


    All speculation here at the moment but, if we do see more volumes and some "metal data" tonight...it could be a turning point... ;)


    cheers


    TRADER10 :)
     
  9. thatguy

    thatguy Active Member

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    strange gap up on Crimex open
     
  10. Marsi

    Marsi Member Silver Stacker

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    Gold did something weird at the same/similar time aswell. Had a 7 dollar spread on a 1 minute bar
     
  11. thatguy

    thatguy Active Member

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  12. volrathy

    volrathy Active Member

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  13. Lunarowl

    Lunarowl Active Member Silver Stacker

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    I'll take a jab: sell silver when it hits 25.60 (?)
     
  14. thatguy

    thatguy Active Member

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    bingo... unless you have a bullish bent then wait to buy until it is over 25.60 (pref over $26.50)... really hard concept to wait to buy something at a more expensive price

    Of course as time goes on that target diminishes
     
  15. volrathy

    volrathy Active Member

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    Your assuming that silver is dropping in a parabolic fashion which is never going to hold true because : -

    I chucked those points into a calculator and got this quadratic equation = -0.17x + 0.3x + 34 = y

    After chucking those values into a calculator we get silver will be 0 in dec this year.
     
  16. metalzzz

    metalzzz Well-Known Member

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    ^^ fantastic i should have enough for a big purchase by then
     
  17. thatguy

    thatguy Active Member

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    :D buzz on the worthless Ag
     
  18. Lunarowl

    Lunarowl Active Member Silver Stacker

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    I'll wait till Dec then. Maybe I can build a silver plated house to take advantage of the anti bacterial property :p
     
  19. thatguy

    thatguy Active Member

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    As usual before any major news the PMs have gone catatonic. FWIW I think dovish announcement followed by a pop and then a smack down
    http://www.tfmetalsreport.com/blog/4682/timmy-tuesday
     
  20. thatguy

    thatguy Active Member

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