Friday Smack-Watch

Discussion in 'Silver' started by Eureka Moments, Jan 23, 2015.

Page 2 of 9
  1. S. Ohno

    S. Ohno Member

    Joined:
    Aug 11, 2012
    Messages:
    424
    Likes Received:
    3
    Trophy Points:
    18
    Location:
    Japan
    [​IMG]

    Source: [​IMG]

    ^ The above is a waterfall.

    (In case you don't have the custom of praying while standing under a waterfall in your country)
     
    S. Ohno, Jan 23, 2015
    #21
  2. Altima

    Altima Well-Known Member Silver Stacker

    Joined:
    Feb 7, 2013
    Messages:
    4,178
    Likes Received:
    58
    Trophy Points:
    48
    Location:
    Canada/Singapore
    Still think it's a minor drop. It keeps wanting to break upwards somehow.
     
    Altima, Jan 23, 2015
    #22
  3. JB3

    JB3 Member

    Joined:
    Dec 24, 2013
    Messages:
    263
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    UK
    Not assure this isn't just a short squeeze. I think, once the ructions work through with the freeing of the Swissie and the ECB bond-buying, we will see a drop in PM prices (particularly gold).

    I've sold half my unallocated gold stock on Wednesday - only a four figure sum, but significant enough to me - buying USD for now. This really was 'taking profits' because all the metal I've ever bought was at a lower spot than this.

    I just think we'll get another buying opportunity in the next couple of months, and then a prolonged bull rally. I just think there aren't enough bears out there right now to keep buying.
     
    JB3, Jan 23, 2015
    #23
  4. SpacePete

    SpacePete Well-Known Member Silver Stacker

    Joined:
    Mar 1, 2014
    Messages:
    12,433
    Likes Received:
    40
    Trophy Points:
    48
    I'm going to jump on the unallocated sell bandwagon this morning.
     
    SpacePete, Jan 23, 2015
    #24
  5. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,992
    Likes Received:
    6,702
    Trophy Points:
    113
    Location:
    Sydney
    A little over 2 hours to go. It hit $23.20 at midnight, so looking like a breakout to me.

    The Greek election this weekend so the EU fallout will prove interesting. Don't know how quickly it will factor into next week's market.
     
    sammysilver, Jan 23, 2015
    #25
  6. Ghost Story

    Ghost Story Active Member

    Joined:
    Oct 4, 2011
    Messages:
    1,520
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    here but not there
    interesting times :D

    buy sell hold is the question right?
     
    Ghost Story, Jan 23, 2015
    #26
  7. rara200284

    rara200284 Member

    Joined:
    Dec 29, 2014
    Messages:
    75
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Los Angeles, CA
    Can you elaborate about friday smack watch to us newbies? Is it because you think the price change will be drastic when the market opens back up?

     
    rara200284, Jan 23, 2015
    #27
  8. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,992
    Likes Received:
    6,702
    Trophy Points:
    113
    Location:
    Sydney
    It's a bit like a saw tooth wave. Prices are lower on Monday and build up to Friday. People sell off to take the week's profit and that selling results in a smackdown of the price at the close of the week in the US. Monday kicks off again in Australia, and the cycle repeats. I've been watching this for the last six years and believe this to be about 75% consistent. Had we all sold down on Easter Thursday, 2011, we'd all be rich.
     
    sammysilver, Jan 23, 2015
    #28
  9. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    It's not even a question in my mind.
     
    willrocks, Jan 23, 2015
    #29
  10. SilverDJ

    SilverDJ Well-Known Member

    Joined:
    Nov 1, 2014
    Messages:
    3,935
    Likes Received:
    1,297
    Trophy Points:
    113
    Location:
    Australia
    At less than double the current price, or less than two and a half times the lowest point since then, I'd hardly call that getting rich.
     
    SilverDJ, Jan 23, 2015
    #30
  11. Golightly

    Golightly Well-Known Member Silver Stacker

    Joined:
    Oct 4, 2013
    Messages:
    1,411
    Likes Received:
    60
    Trophy Points:
    48
    Location:
    Newcastle
    Would any one buy on Easter Thursday though? With high prices.
     
    Golightly, Jan 24, 2015
    #31
  12. FNQsilver

    FNQsilver Member

    Joined:
    Aug 19, 2014
    Messages:
    47
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    FNQ Australia / PNG
    The smack down has arrived.
     
    FNQsilver, Jan 26, 2015
    #32
  13. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

    Joined:
    Oct 31, 2011
    Messages:
    7,079
    Likes Received:
    892
    Trophy Points:
    113
    Location:
    bosis
    Things seem cherry ripe for a Friday Smack.

    Heaps of goings on in the Markets but not so much movement in PMs.
     
    Eureka Moments, Feb 6, 2015
    #33
  14. willrocks

    willrocks Well-Known Member Silver Stacker

    Joined:
    May 10, 2012
    Messages:
    7,777
    Likes Received:
    7,199
    Trophy Points:
    113
    [​IMG]
     
    willrocks, Feb 6, 2015
    #34
  15. sammysilver

    sammysilver Well-Known Member Silver Stacker

    Joined:
    Apr 7, 2011
    Messages:
    7,992
    Likes Received:
    6,702
    Trophy Points:
    113
    Location:
    Sydney
    I reckon it'll be a breakout.
     
    sammysilver, Feb 6, 2015
    #35
  16. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

    Joined:
    Oct 31, 2011
    Messages:
    7,079
    Likes Received:
    892
    Trophy Points:
    113
    Location:
    bosis
    Measles or hives? :p
     
    Eureka Moments, Feb 6, 2015
    #36
  17. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    herpes
     
    Caput Lupinum, Feb 6, 2015
    #37
  18. Eureka Moments

    Eureka Moments Well-Known Member Silver Stacker

    Joined:
    Oct 31, 2011
    Messages:
    7,079
    Likes Received:
    892
    Trophy Points:
    113
    Location:
    bosis
    All depends on the company you keep and your protection strategies. :lol:
     
    Eureka Moments, Feb 6, 2015
    #38
  19. Caput Lupinum

    Caput Lupinum Well-Known Member Silver Stacker

    Joined:
    Jun 18, 2012
    Messages:
    4,656
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    NSW
    Also January nonfarm payrolls are out tonight which is a fair indicator of how US employment is going after the seasonal Christmas period. It also has a history of disappointing. 9 out of the last 10 years it has missed expectations. It is also my biggest forex trade for the month so hopefully it'll be a big miss or a big beat. I need my money for nothing fix
     
    Caput Lupinum, Feb 6, 2015
    #39
  20. phrenzy

    phrenzy In Memoriam - July 2017 Silver Stacker

    Joined:
    Oct 19, 2014
    Messages:
    2,493
    Likes Received:
    15
    Trophy Points:
    38
    Location:
    R.I.P

    What time do the payroll numbers come out? And what are you planning to sell the usd against? The aussie?
     
    phrenzy, Feb 6, 2015
    #40
Page 2 of 9

Share This Page