In essence, he is saying..........in a funny kind of way........that only when the weak hands have folded will the wheel turn once more. We could be looking at another 200-300 dollar drop............a rapid drop would be the best scenario as it would be close to a parabolic sell off which is the reverse of a parabolic blow off...........a measured fall will mean a measured rise on the return. hold on to your (tin foil) hats
You too have predicted bollocks. And more so, have failed to put your balls forward to support your opinion. Sitting on the sidelines is a sign you don't even have the conviction of your own words. :lol: See post #56. Why the turtle would anyone act on your vague observation of price direction? To preach that the trend direction is down is to preach the bleeding obvious. Any twat can see that. To make money from this trend is to walk the walk, instead of just gobbing off on an Einstein observation you must have learned in charting 101. Not everyone has been losing...... take a look at the T/A thread. Maybe you can come back when you have some real info to share.
wrcmad, He's not worth your time, mate. I have to admit this drop came a bit too early for me. I expected silver at $18 mid Jan. Still no harm done. But as you said it's obvious now - not a prediction
This thread has no back up no proof and no substance. Its just a waste of time and a cheap shot at people like me who have done real measurable predictions that traders only wish they could replicate. For that reason I am going to ask that this thread be removed before this forum turns into bullshit corner.
I predict, at the moment, a bottom price of low $18 26/11/2013 16428 $19.88 30/07/2013 8307 $19.85 On 16/07/2013 the Comex net total futures position moved with the price trend at a rate of 4943 positions per price dollar. The last COT report showed 16428 which is 8121 positions more than on 30/07/2013 at a same price. 8121/4943=1.64 price dollars. $19.88-1.64=$18.24 So I will wait for at most $18.50 before ordering 5 lunar kilocoins. This is my prediction at the moment. I don't know what other people will do, I just use a recent past to predict a near future. I just post this, to show a prediction with some explanation behind it. Most of the predictions around here are just claims without reasoning. If everybody interested in silver reads this prediction and acts accordingly, then it will become true haha. Still, it's based on what all other combined did, since earlier this year. The futures market is a good reflection of what happens in the whole of the market, because it's basically a hedging environment and thus serves as a reflection of the involved price risk.
I am totally confused! Silver has been sub $24 for 6 months now, usually trading between $21-$23. It is not rising much or dropping much. 10% swings in such a volatile metal is meaningless. I buy at every opportunity, regardless of the spot, though always looking for the best price. This is a silver stackers forum. I stack silver. Silver is its own reward. I am a fundamentalist, not an investor. If a drop of $2 is enough to scare you away, you shouldn't be stacking silver, and more importantly, you shouldn't be on this forum. Bugger off naysayers!
I totally agree. I buy when it's high (although usually more numi examples like Morgans) and I buy when it's low (volume or filling out my collection of 1oz bull) and right now, i'm deciding if I should sink the next batch of my disposable income all on silver or split Ag/Au. Let it drop, I don't mind, by and large i'm in for the long haul.
Some of us stack for the actual pleasure of owning and holding a metal we like. That was not meant to be kinky. If my stack varies from day to day less or more than the price of a round of drinks then I really don't give a rats wotsit.
Some of us are gaining by shorting silver. Yes I own silver and gold, but I am net short via hedges. If the thought of silver dropping another 50% doesn't bother you, you shouldn't be fundamentaling or whatever you would call it. Probably before the end of the month, the June lows will be taken out on gold and silver. The pm market changed a year ago. Few people saw that at the time and unfortunately, I wasn't one of them. But for the last 6-7 months, I have been protecting my assets and even profiting from shorting silver.
Why should silver dropping 50% bother me. As unlikely as it is, as it will fall below production costs, it is a further opportunity to buy more silver. You don't seem to understand stacking. Stacking is an accumulation! My income is not dependant on silver, it is a follow-on from earnings. You and others of your ilk are investors - hop on investing forums. Your opinions and research are valid, but who needs to hear them. You are like the guy who saves his virginity for the right girl. You may be happy in the far future, but you sure have missed out on a lot of roots!
Just a hunch, but I'll have a crack..... Because it flies in the face of every bit of rhetoric regarding the fundamental justification for stacking, and it's associated wealth preservation? :/
Ah, one of many vices. I will add that I am cautious when I buy in terms of price and premium. Having said that, I stack as a hobby that may or may not make me money albeit in modest amounts. The way it is going I think my kids and grandkids will see the benefit after my demise.
Yes I know and it was started right when ( the likely ) bunch saw that $1251 was a false bottom. Its to detract from what I have achieved here http://forums.silverstackers.com/topic-47523-gold-prediction-to-top-all-othersto-the-dollar.html Probably the best gold prediction this site has ever seen. Look I'm far too busy for your wind ups and won't be coming back to this thread. So say whatever you like it will never detract from what I have shared freely that ( the likely ) bunch could only dream of doing. Enjoy your silly playground childish games....I have work to do.
