Ag $20 Looks possible now

Discussion in 'Silver' started by Golden ChipMunk, Apr 14, 2013.

  1. Teh silvers

    Teh silvers Member

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    lol
     
  2. Philski

    Philski Member

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    hopefully when i look, the silver i brought at $40 should have almost doubled in size :)
     
  3. Giodor8

    Giodor8 Active Member

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    I smell a cyprus revolution just around the corner. Bye bye banksters.
     
  4. DanielM

    DanielM Active Member Silver Stacker

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    Does that mean westpac will cut my homeloan in half too?
     
  5. Matthew 26:14

    Matthew 26:14 New Member

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    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.
     
  6. Golden ChipMunk

    Golden ChipMunk Well-Known Member

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    :cool:

    Not too long. Come down baby. You can do it.
    ;)
     
  7. Lunarowl

    Lunarowl Active Member Silver Stacker

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    any left overs to share? :|
     
  8. smeagol

    smeagol New Member

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    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!!
     
  9. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    I have all guns locked and loaded.
     
  10. Andy28

    Andy28 Well-Known Member

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    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?
     
  11. Sargeant Argent

    Sargeant Argent New Member

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    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.
     
  12. Auagau

    Auagau Active Member

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    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.
     
  13. Andy28

    Andy28 Well-Known Member

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    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.
     
  14. Auagau

    Auagau Active Member

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    Ah righteo, a technical analysis based on random numbers. Got it.
     
  15. Andy28

    Andy28 Well-Known Member

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    Yes most technical analysis start with "I think"
     
  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Random? The T/A's keep getting it right. ;)
    I think the truth be "fundamentals based on random emotions"?
     
  17. Ghost Story

    Ghost Story Active Member

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    its fun to watch when in a holding pattern but after awhile its like watching paint dry bring on the excitement :)
     
  18. Andy28

    Andy28 Well-Known Member

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    Agreed, i want to see it start going up so i should buy more, or go down so i can buy more!
     
  19. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Most fundamentalists start with "don't despair..."
     
  20. whinfell

    whinfell Well-Known Member Silver Stacker

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    As compared to "technical analysis based on gut feel"?? :p

    Post #624 in http://forums.silverstackers.com/topic-27970-silver-charting-and-silver-ta-chat-page-25.html
     

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