Damn, I feel ultra old, I remember buying the devil's metal when it was USD 5 but I dont remember seeing it below AUD 8 because of the exchange rate at the time. Right now I'm keeping my powder dry, cash is king and all that. Sub $20 would make things interesting and then if silver stabilized for a week or two a new baseline could be formed.
anyone expecting a 'dead cat bounce'? after the huge dip, in comes a short rally... ***quick buy some slv before you miss the boat*** and then BANG --> down again!!
looks like its happy to float around here for a while. I think its gonna need to get to at least 25.xx before it starts taking off again, or under 21.xx before it hits the high teens. What say ye?
at this point itseems more likely to hit 20 before it hits 30 but by that point premiums may jump to the point that it costs the same as today.
I don't really understand what your saying?? Of course it's going to hit $25 if its going to 'take off'. Of course it's going to go under $21 before it goes under $20.
Its not that hard. Remember when it was hovering over $26? JUst bouncing around between $26 and $27, but then when it dipped under $26 it just kept falling? Maybe a result of the paper traders implementing a stop loss at $26, i dunno. But anyway, i think it wont move quickly until it hits those numbers, a very slow gradual march to either $25 or $21, and then it will accelerate up or down again.
Random? The T/A's keep getting it right. I think the truth be "fundamentals based on random emotions"?
its fun to watch when in a holding pattern but after awhile its like watching paint dry bring on the excitement
As compared to "technical analysis based on gut feel"?? Post #624 in http://forums.silverstackers.com/topic-27970-silver-charting-and-silver-ta-chat-page-25.html