$31 Silver

Discussion in 'Silver' started by Stedlar, Jan 3, 2011.

  1. adrenalin

    adrenalin New Member

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    I tried it before pmstacker.
    Yes you have to have nerves of steel.
    Or just do what I did an set my stop losses/take profit and walked away.
    Then check later if it went im my favour.
    If you watch it constantly you'll loose all your hair. lol
    Especially since silver is such a volitile market.

    End of the day. I lost a lot as the market can swing from one end to the other so fast. It just wipes you out.

    Then I just went out an bought physical. At least it can't dissapear into thin air.

    Honestly I think you might have more luck and fun going to the casino.

    I'd like to hear and learn from anyone else that is successful trading silver or gold on forex.
     
  2. Dynoman

    Dynoman Active Member

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    Yup, concurring with you-all, after this so called correction comes the El-Nino of physical shortages. Goodbye JP.
     
  3. pmstacker

    pmstacker New Member

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    Baahhhh your just reminding me why i stopped and just started buy physical, once it goes against you and you almost loose your account then breaking even is good enough LOL !!!
    Yeh its like a casino , kinda !!! its not totally chance cause you have charts and you have past data and if your bankroll is big enough then you can survive but if you where to compare it to something else the closest thing you could compare it to is a casino game :cool:

    Thanks for saving me couple thousand bucks ! ;)
     
  4. MelbBrad

    MelbBrad New Member

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    aaaaaaaaaaaaaaaaaaaaaaaaaaarrrrrrrrrgggggggggggggghhhhhhhhhhhhhhhhhhhhhhh.................. :(
     
  5. adrenalin

    adrenalin New Member

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    Yeah even if you are trading in the right direction.
    You can still get wiped out by the volitile swings.

    Breaking even is good enough...LOL
     
  6. loki.verloren

    loki.verloren New Member

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    http://www.zerohedge.com/article/will-junior-mining-stocks-be-investment-2011

    i'm not sure about this talking about it like it's so short and small but i do think that there will be a substantial backtrack. i had heard people talking about it like it's a bubble but i think my hypothesis about the spot price which is based on paper silver that is being manipulated means that spot price is at best a close correlative almost in the same way as you see with periods of time when currencies tracked along with the prices pretty solidly. the australian dollar has been bullish in a similarly following manner to the gold price, the canadian dollar against the oil price. not sure if other ppl reading this thread knew of this but silver spot is definitely a secondary market to physical silver for the most part, closely related but not tied. only as good as the trustworthiness of the comex me thinks.

    oh btw, for other stackers who are into junior mining stocks, you should find this article interesting.
     
  7. Aengrod

    Aengrod Member

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    This might be out of topic but ... (if it is, ignore it :) )

    I would like to share a link to one of YouTubers. He is making daily market Silver Updates, since end of December.

    http://www.youtube.com/watch?v=dutcmEz17Vo&feature=feedu

    IMHO One of the best silver channels out there.
     
  8. renovator

    renovator Well-Known Member

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    r u stacking cocaine aengrod ?can u repeat that into this microphone ? hahahaha thanks for all the advice but i wont be shorting anything but my bank balance for more pyshical. its just nice to know how the other half lives im really green in terms of paper wealth
     
  9. intelligencer

    intelligencer Active Member

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    "Be right and sit tight."

    The secret of winning in a bull market by Jesse Livermore.

    I'm hoping we get a decline to 22 silver and 1200 gold while the aud remains strong. Ill finally be as in to the hilt as possible at that point.
     
  10. kram

    kram New Member

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    For some reason that's the figure I have in my head also
     
  11. pmstacker

    pmstacker New Member

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    If gold reaches 1200 ill be hitting the button about 5 times, i have some holdings in gold but purchased some of it it in last years NOV dip which is way above 1200 so be good to average down again with some purchased at 1200. 22 silver ... ill get some then as well but i doubt 22, should be enough money soon waiting to hit it at higher then that but well wait and see what happens ....
     
  12. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Well it looks like silver's crawling it's way out of the US$26 gutter....but still got the wobbly boots on from last night
     
  13. goldpelican

    goldpelican Administrator Staff Member

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    Bring on the walk of shame!
     
  14. leo25

    leo25 Well-Known Member Silver Stacker

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    yea looks like its going to get a bit bumpy tonight, better buckle yourself in.

    Cant wait to see what tomorrow morning brings.
     
  15. pmstacker

    pmstacker New Member

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    Nope its tripped, back to sub 27 again ....
     
  16. Guest

    Guest Guest

    $27.43 as we speak.
     
  17. thatguy

    thatguy Active Member

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    $26.70 got my finger on the trigger for 100oz, stoopid silver costing me sleep :p $25 would be nice though ;)
     
  18. loki.verloren

    loki.verloren New Member

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    it's gonna keep going downwards for a while. i'm not sure how long the cognitive dissonance of comex's price versus the unobtanium metal bullion can continue. i'm still gonna say i reckon this is a bear trap and it'll get to about 18 over the next few months.
     
  19. silverfunk

    silverfunk Active Member

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    Personally I think that the metals are taking a breather for the moment, I could be completely wrong.

    Also look to events within the Arab world atm and whats been happening in Tunisia and now Egypt, we could possibly see more uprisings in other nations in this region.

    All of this instability could have a flow on effect on oil production and we could see higher OIL prices within the next few months.
     
  20. rbaggio

    rbaggio Active Member Silver Stacker

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    That is a massive call.

    If spot does get down to (AUD)18, will you be able to buy physical at anywhere near spot?
     

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