charts not looking good AT ALL.

Discussion in 'Silver' started by stellaconcepts, Jun 24, 2011.

  1. alor

    alor Well-Known Member Silver Stacker

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    its not based on perspective but facts, it can be good if prices go very low or very high, anti strade/strangles/butter

    in the old days, you can have green card or red card. depends on what you have/hold.

    how can short be bad, if you short at 49, then you can short at 43 usd again, more shorts.

    its bad if you long at 48 or higher, cos its very painful to get out even at 43 usd. to turn to the short side.

    either way I and cash in. in metal, in paper and in contacts. this forum is fun to have. can tease fishball about the carded koalas thing. :p
     
  2. somerset

    somerset Member Silver Stacker

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    Shorting can be very bad when you are trying to cover in unexpected rallies. e.g. this past week.

    It is usually on margin too so your losses can magnify quite quickly.
     
  3. alor

    alor Well-Known Member Silver Stacker

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    for individual with limited margin, no need to mention.

    but for a company like BG well just rights issues them. 2 billions after 2 billions, even for a nation, its government would be bankrupt already.


    the system is corrupts to the core, why would we complaint about market manipulations when the mining companies are into the forward selling things, where do you thing the big banks got their metals from. Banks force the miner to raise cash, and charge interests and transfer ownership to bankers. It allows the banks to own the miners assets and pass back the liability to the company and shares debtors.

    this is where it begins....
     
  4. jnkmbx

    jnkmbx Well-Known Member

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    yea, GP's been having to mod a lot lately :/
     
  5. phillis

    phillis Member

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    i came home today and had about 30 new SPOTMEX- New Product Alert emails.

    everyone who brought in just before the big dive is now selling :D
     
  6. alor

    alor Well-Known Member Silver Stacker

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    I have a 3D models, autocad, sas analysis, just joking. but China of B o Stats uses that.

    may be what you are saying is to place a mirror on top of the chart? seen that done already in 1973 book :p
     
  7. alor

    alor Well-Known Member Silver Stacker

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    I bot some after the big drop near 32 usd spot, now also sell to distribute.
     
  8. dccpa

    dccpa Active Member

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    I believe the chartists will tell you that there is no such thing as a triple bottom. When gold is breaking out in the major currencies, people are going to have to work overtime to be worried about silver prices.
     
  9. alor

    alor Well-Known Member Silver Stacker

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    no bottom at current high level.

    This is a repeat pattern of first 3 up move. so a crash can happen if we have a nice lower top re-test, 43-48 range.
    this coincide nicely with the GSR of around 48.5., but so far ratio 45.01 a touch of its average from side way direction.
    seasonality also can repeat of doll drum. if stocks crash, may be other thing can be dragged down.

    38.5 usd now holding ok. hope it hold so I can get good price selling tomorrow.
     
  10. unfunkable

    unfunkable Active Member

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    Gold looks pretty damn good to me
     
  11. alor

    alor Well-Known Member Silver Stacker

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  12. bretto

    bretto Active Member

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    I wouldve thought the instigator of this thread would have commented by now?
     
  13. Guest

    Guest Guest

    He brought out a youtube vid giving his thoughts on whats going on.. [youtube]http://www.youtube.com/watch?v=GFhhnWIxxKo[/youtube]
     
  14. alor

    alor Well-Known Member Silver Stacker

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    if price of gold is 1600 which is close to 2 x the peak of 1980 $850, then silver which is below 50, 1980 peak of $50

    (silver still look under price to me compared to gold). just from the price alone you get the picture. :)
     

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