I forgot I did say that( I blame the scotch), it still may happen but I think more towards the end of the year. I cant be seen to be agreeing with Sammy now. We need a good War to get things moving along. Vote 1 Trump.
Hehe. I knew it wouldn't be long before the pumpers and doomers would start pushing vids out It does make me laugh though when people throw doubt on this being a breakout. Silver went up 5% in the space of a couple hours. Up 13% in the last few weeks and through several lines of resistance. It is actually a technical FACT. Have a read about what defines a breakout :- http://www.investopedia.com/articles/trading/08/trading-breakouts.asp Here's a quote for the lazy ones who won't click and read :-
Silver has gone up or down 5% in a day many times in the last year or two I've been watching it. Nothing new there at all.
But did any of those moves break any trend lines or go through established resistance levels? That's what defines this as a breakout.
I'd guess that's due to the fact that this has/had been the 2nd longest & 2nd deepest silver bear market in at least 100 years. The deepest didn't last as long. And the longest didn't go as deep. So, in a sense, this has been pretty bad one, when combined. And many are pretty shell-shocked by now. Hence, some doubt out there..
You are absolutely right. But it helps to have this kind of understanding about market psychology and why prices behave like this. The bear market was over-extended and exhausted. It was only negative sentiment pushing it lower than it should be. Just like stocks going up all the time, there is a point where the fundamentals will exert themselves and bring an end to the exhausted trend and a new trend emerges. The indicators of a silver breakout have been flashing for a few months now and now that it's happened people still don't believe it - even when they can see it with their own eyes! Amazing psychology! People must really be jaded on this site (admittedly I might have been too if I bought silver 4 years ago) Silver is back up to $17.44 USD right now and making new ground. Even people like CJ will be forced to recognize this for what it is soon. By the time that happens though some of us will have already pocketed a tidy profit
Hi, every one. I'm new here and I've got a newbie question hope some of you enlighten me. I was wondering, if somehow the silver price raised to USD 100/oz or more, should one sell his silver? Because by that time, paper money value becoming so low, would it be wise to save up that silver for future use (perhaps the day when paper money no longer works?) I hope some of you understand what I'm trying to ask. Thank you.
Some smart men have been sold out their collection when silver was at $4X.......and now they're back!!!!! So why we won't sell at $100/oz???? Because I would sold them out at $50/oz.
Tho Short term & Medium term charts are looking good, & indicating a possible break... I would not call it a breakout yet! There is a nice long band of resistance on the Senkou Span at $18 USD mark that could frustrate us all If the POS can push through this resistance & hold, I would then call it game on. This chart below shows a breakout of the POS! Note the price movement over the same time frame from back then to the last few months present, & while the price is still below the cloud ( The Red ) on long term chart I personally see it could still be in the down trend. But time will tell.
I see. I just started buying silver bar when it was USD 15.60/oz, and plan to buy more silver since it looks really unappreciated. By the way, would it be a day when paper money become obsolete? Just curious.
For me the time to sell is when it looks like the uptrend has been exhausted. That is a technical thing, but from a layman perspective it probably looks like this :- * Every man and his dog is talking in the pub about buying gold/silver * Mainstream media and mainstream financial advisers are advising people to buy silver to protect savings * There is fairly widespread panic about hyperinflation/default/currency devaluations * Very high volatility in the gold/silver prices If the global financial system goes the way many here fear it might then the top in gold/silver is likely to be a very sharp spike. So you could also look for a big spike and then a shorter (lower) spike afterward that can also signal the top has been reached.
Sounds logical. I hope it's not too late for me to stock silver now. Only have one 1kg silver bar. Hmmmm
When negative real interest rates head back in the direction of neutal/zero and/or a major support level breaks like the 400 day moving average.
Not much if you are buying and selling in AUD. The AUD has rallied almost 10 cents, effectively nullifying any gains in silver in the USD.
