I want silver to go lower!!! Down, keep it down!!! Honestly I do. I want more ounces. People that, in their mind, keep converting their stack into dollar terms need not read on. How cool would it be to have $1 silver! Honestly we could make such a big dent in the supply physically it wouldn't be funny. Literally mop up tons and tons of the stuff. Whatever surplus they have from demonetization of silver, which is where I assume supply for the "increasing physical demand" has been coming from for the last 5 years, it would be cleaned out quicker than you could bat an eye lid. Anyway the further we go down the more we all get for our money. Lower prices, bring it on! It's just so exciting!!! I wouldn't care what silver I was buying, scrap, cutlery, post predecimals. Sadly I don't see us breaking 18.21 USD from a technical stand point, but secretly I hope we do. Manipulation or not I want the gift of lower prices! Think I could afford my second ounce of silver finally! I've been chasing it for more than 10 years!
$1 silver. The world would be a very different place if PMs were worth so little relative to fiat. Maybe we should be careful what we wish for.
Haha $1 silver. Then I could finally swim in it. And how did you come up with such a random number $18.21?
18.21 is the technical low on the charts. I've discussed this before here... http://forums.silverstackers.com/topic-27970-silver-charting-and-silver-ta-chat-page-35.html Fingers crossed we smash through it so we can head down into "no man's land", I love adventure. Be careful what I wish for? I hope for there to be enough fiat around vs. a full on depression if we get to really low numbers. Oh, that would be cool, still can't eat your silver. But $1 silver, wow! Let me live the dream... hahahaha
At $49 in 2011 the technical indicators were also lookin' good. Everything above "DMA" 999. All green, things look rosy people fingers crossed we smash through $50. Then at $49.5 they dumped. The opposite happens at the other side of the price swuuuung. Technical Analysis, How Do I Make Myself Predictable.
Well who's doing the TA??? I sold some metal near the highs (on the downswing after it rejected new highs), I buy and sell on confirmation not before. I don't know why you think TA is written in stone? Just like everything a good analyst will read a situation and play it, that's life. Fundamentalist are the ones stuck in mud and thinks everyone else is too. And if the count is rejected, at the point that it's confirmed then take the other side of the trade and still make money with a trailing stop loss in place. Don't stare at the wall it's inanimate, markets aren't walls.
You have seen through my ruse Miloman. My one ounce of silver made up of three fifties would be worth $1.50 face value. I'd cash in!
Hahahahhahaha, Love it! You'd be 50cents better off than the average punter with his ounce! Genius!!!!! Actually time wise on the long scale, it appears like around July give or take, will be the time we head back up. So hoping to have a bit more time down here. Hoping for lower prices too, let's hope it's not in vain.
So why on earth would you be wanting to buy something that had collapsed in value all the way down to $1 and was obviously worthless ?
They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity. going against Ezekiel 7:19
I wouldn't say forget but when He gave us the New Testament it superseded the Old. Genesis and the historical document still stands. However when He does return, boy, I reckon He's gonna be real mad at the wicked, lots of people gonna be heading to the lake of fire. Peter 3:3 Knowing this first, that there shall come in the last days scoffers, walking after their own lusts
