Hold Onto Your Hats!

Discussion in 'Silver' started by SilverSale, Jan 18, 2011.

  1. Stedlar

    Stedlar Active Member

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    Looks to be playing out that way.
    1 U.S. dollar = 1.00190362 Australian dollars and silver up USD0.84 and AUD0.60

    Parity again. Still waiting for the strong USD rush to safety event that was supposed to happen.
     
  2. dccpa

    dccpa Active Member

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    Clawhammer, if I remember correctly catalytic converters have platinum, silver and palladium in them.
     
  3. dccpa

    dccpa Active Member

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    I like David Morgan, but I don't know if he has any kind of track record on short term silver moves. Stella is a little late on the correction. Basically, this silver market has made fools out of most forecasters. The best short-term silver timer that I follow posted this morning that $28 & $29 would soon be in the rear view mirror for silver. I believe his track record is far superior to any of the above guys.
     
  4. Trichter

    Trichter Member

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    My guess is this will occur around March-April. That said, whenever people get unnerved there will (ironically) be a rush to the USD safe haven.
    The dollar is bound to remain a safe harbour for a few more years. After that, it's anyone's guess.
     
  5. pmstacker

    pmstacker New Member

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    Yeh, you take it all in, throw in some of your own predictions and calculations, try to generate an output and your still lost as hell as to what to do ... solution buy yourself a nice 1kg pamp bar and stack that baby :D
     
  6. intelligencer

    intelligencer Active Member

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    Well I was buying hand over fist.

    Both dips down to $28.xx I bought big.

    Even took the opportunity on Monday to get into CCU at $0.60

    Feels good to be back into shares :)
     
  7. leo25

    leo25 Well-Known Member Silver Stacker

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    looks like silver just broke under $28. hope it pushed down to $26 now.
     
  8. pmstacker

    pmstacker New Member

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    Yeh ! Tankage ! got my trigger finger ready :D
     
  9. Matthew 26:14

    Matthew 26:14 New Member

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    I think the S.S. Silver might have hit an iceberg.....

    At least at this rate I'll be able to afford stacking the Lunar Dragons released later this year !

    [​IMG]
     
  10. Goldrush

    Goldrush Member

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    They are sure giving the price of both gold and silver a good belting.
     
  11. Blame_Game

    Blame_Game New Member

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    The beat down was as expected, NO?

    There has been talk about this for the past week or two now. No reason to get cold feet is there?
     
  12. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    The AU dollar is down too (or is the US$ up)??
     
  13. Matthew 26:14

    Matthew 26:14 New Member

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    The US and Euro have strengthened, hence metals and $A down.
     
  14. Welcome_Stranger

    Welcome_Stranger New Member

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    Looks like there is a $27.50 support..... its bounced on that a couple of times....

    26 would certainly help add to my stack though.....

    ws
     
  15. Drag0nHart

    Drag0nHart New Member

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    Hold your positions...

    My guess is it's gonna take a bit of a beating for the next little while.

    1 - Rumor of potential "stand for delivery" of physical to force higher premium for cash payout in march

    2 - US will be forced to announce the raising the debt ceiling...this has to happen before march as the current ceiling of 14.3 trillion will be reached by then.

    both of the above scenarios will cause the price to rise dramatically, hence the requirement to be beat down so as to mitigate the rise....the ace up our sleeve is that the dates for the two above examples are known==>it is setting up to be the perfect storm for the silver bulls

    plus, all the other fundamentals are still in place.

    World currencies are still being debased

    The world's energy situation is not getting any better

    The worlds population is still increasing

    There are still shortages in physical silver and the physical price is much higher than the current electronic paper price.
     
  16. bennybbc

    bennybbc Member Silver Stacker

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    Let me know if you want it pull back another $2. I can make it happen, I'll just order few more kgs.
     
  17. malachii

    malachii Well-Known Member

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    There's a few of us that have an outstanding record for being able to buy just before the price drops $2. Maybe if we organise a half a dozen of us to coordinate our buying we can drive the price down below $20!! :D

    malachii
     
  18. MelbBrad

    MelbBrad New Member

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    you and me both. whether it be shares or silver. thankfully, ive been in since around $23.50/oz... ive got a little 'easing' to go before i hit red territory....
     
  19. SilverSale

    SilverSale Well-Known Member Silver Stacker

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  20. leo25

    leo25 Well-Known Member Silver Stacker

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    This is fantastic news!
     

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