Silver is dropping like...

Discussion in 'Silver' started by Nabullion Dynamite, Aug 19, 2014.

  1. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    a prom dress

    [​IMG]

    anyone else?
     
  2. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    no its going <------ SIDEWAYS ------------>
     
  3. Pirocco

    Pirocco Well-Known Member

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    It's good that price was driven down yesterday, that means that there will be a 40 cent price difference between fridays COT report and the previous, a nice span to measure the futures market position drop, giving an idea of what the short term future price bottom may be. Not that I have any euro's to swap on that term.
     
  4. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Silver is moving sideways like a fat kid in a buffet line :lol:
     
  5. alor

    alor Well-Known Member Silver Stacker

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  6. Belvedere

    Belvedere Active Member Silver Stacker

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    Misty mountain tonight....
    ......Granny's knickers.
     
  7. Stax

    Stax New Member

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    A Knackered Lift ! (Elevator)
     
  8. Pirocco

    Pirocco Well-Known Member

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    It drops like a ball.
    Every drop following by a bounce.
    SOS Sell On Strength. :p
    Until their stocks are depleted.
    RINSE
    And then the Negative Bears will pop up here again. :D
    Sitting Ready To Buy Back In.
    Talking about Lower.
    AND REPEAT
    :D
     
  9. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    We'll show those Bears.

    One day silver will be rising like skirts at a frat party!
     
  10. TreasureHunter

    TreasureHunter Well-Known Member

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    ...a feather

    [​IMG]
     
  11. SpacePete

    SpacePete Well-Known Member Silver Stacker

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    ... a phat beat

    [youtube]http://www.youtube.com/watch?v=eoYdz3k4arQ[/youtube]
     
  12. Nabullion Dynamite

    Nabullion Dynamite Active Member

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    Dayum! I didn't know it was dropping that hard!

    Silver is dropping like pants at a brothel...
     
  13. tolly_67

    tolly_67 Well-Known Member

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    Dropping like parrots at a wind farm.
     
  14. S. Ohno

    S. Ohno Member

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    it was going sideways until all of a sudden out of the blue ... MH$17 ??
     
  15. willrocks

    willrocks Well-Known Member Silver Stacker

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    Droping like Bitcoin.
     
  16. toorak13

    toorak13 Member

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    so you think it is going down ?
     
  17. alor

    alor Well-Known Member Silver Stacker

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    painting the prices on a silver tape is the new fix looks like. there is no adrenaline rush left in this silver 'restlest' metal prices left.
     
  18. Pirocco

    Pirocco Well-Known Member

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    At the moment $18 has a very good chance. A much better chance than so far since 2010.

    If you are not interested in the why, stop reading here :D

    =====================================
    Last week, 12/08, at a spot price of $19.98, the futures/forward price share within the spot/cash price was 43726.
    That is alike people bought 43726 x 5000 = 218,630,000 ounces silver, and drove the price up accordingly, yet they never ask delivery, the orders just get dumped because they merely served as a hedge against us, speculators.
    Now, a multidecade position bottom is around 7000. We saw that a couple times 2013+ and back end 199x or begin 2001 not sure, the Asian Contagion crisis or what was it.
    A 'normal' bottom, in recent years, is 15000.
    So let's assume here a 'normal' bottom. That means 43726 - 15000 = 28726 positions, x 5000 = 143,630,000 ounces.
    A worlds total annual supply/demand is 1,000,000,000 so this is 14% of it.
    Now, in the past I found two ways (futures movements averages and sales figure comparisons) of estimating the amount ounces that a price dollar represents.
    That was 70 Moz. So 143,630,000 conforms to around 2 price dollars.
    So like it is now, and assuming a 'normal' futures position bottom, the price can easily be driven to $18.
    UNLESS we, stackers and any investment vehicle based buyers, will load up those 143 Moz again.
    I doesn't know if they can / will do. If they shot all their powder in last uptrend, then NOT. :p
    I'm just 1 peon on the silver market. I don't control others eheh!
    But the evolution of the futures market position, and trends of silver stocks, will give a clue.
    =====================================
     
  19. Pirocco

    Pirocco Well-Known Member

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    For those that don't like to read: stop HERE. :D

    =========================
    Another element that gives a clue to help in timing purchases:
    Look at this: http://finviz.com/futures_charts.ashx?t=SI&p=d1
    You see there that every downtrend typically lasts a fat 3 months.
    This element is the case since 2011.
    The current downtrend is now 1.5 months old.
    So another 1.5 months to go.
    =========================

    This was Pirocco from the SS Observation Laboratory. :D
     
  20. Cheepo

    Cheepo New Member

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    Pirocco, what do you expect the price of silver to be though the next decade? Go back to the long-term (last 100 years) price of $6-7/oz, be double that (12-15), stay among the range it has been over the last years (18-20), be higher (30), or be considerably higher (e.g. 50)?
     

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