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.
Clawhammer, if I remember correctly catalytic converters have platinum, silver and palladium in them.
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.
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.
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
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
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 !
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?
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
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.
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!! malachii
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....
CME raised margins on precious metals again.. (4th time?) in a couple months now. They are trying anything & everything to get the metals to drop - 6% raise. http://www.zerohedge.com/article/in...x-hike-margins-gold-silver-cracks-spreads-and