Silver to dip under $30 USD,... one more time?

Discussion in 'Stocks & Derivatives' started by SilverSanchez, Apr 26, 2012.

  1. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Looking at the charts - I would say it is possible, maybe probable

    Don't know for how long, don't know how far

    My guess is $29 roughly - I don't know what will happen from there - might ounce and be driven lower by the paper - might not

    I suspect it will be met with fierce physical buying - but then there is always the governmental manipulators - they may try something

    Man this market is has so many things at play :)
    Its hard investing in metals!

    Any buying i do will be through the ETF, I have no more storage room ;)
     
    SilverSanchez, Apr 26, 2012
    #1
  2. Lunardragon

    Lunardragon Well-Known Member Silver Stacker

    Joined:
    Oct 19, 2011
    Messages:
    3,968
    Likes Received:
    76
    Trophy Points:
    48
    Location:
    Land of Nineth Dragon
    ^
    +100
     
    Lunardragon, Apr 26, 2012
    #2
  3. upandaway

    upandaway Member

    Joined:
    Oct 7, 2011
    Messages:
    193
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    The wall
    SS,

    Gold's chart is a mess with little pattern, silver's is bear flag below all MA's and the US dollar is trading inverse and being allowed to fall to protect a train wreck in the Euro.

    Be a brave man in my book to call this a bottom in silver or gold to be honest. But what do I know. :)
     
    upandaway, Apr 28, 2012
    #3
  4. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    It didnt quite poke its head under yet
     
    SilverSanchez, Apr 28, 2012
    #4
  5. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Flirting with $30.05 US

    If job numbers are crap we could see a rally from here, if not and everything looks great - id say we could hit $28 US

    Silver under $30 US is a buy according to David Morgan (watch out for over inflated premiums from dealers)
     
    SilverSanchez, May 4, 2012
    #5
  6. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne

    PS gold's chart is not a mess - it has a defined inclining trend line
     
    SilverSanchez, May 4, 2012
    #6
  7. wrcmad

    wrcmad Well-Known Member Silver Stacker

    Joined:
    Jan 2, 2012
    Messages:
    6,644
    Likes Received:
    1,502
    Trophy Points:
    113
    Location:
    Northern NSW
    This ^. I see gold chart as quite defined too.


    What time frame? I don't see this either.
     
    wrcmad, May 4, 2012
    #7
  8. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    I dont have access to a 10 year silver chart but it also has a trend line that got hidden (not destroyed) it got so ahead of its trend it takes time to settle - the support is at about US$28 (but remember silver can spike up and down) - I would much preffer silver have a slow and steady up trend rather than big surges.
     
    SilverSanchez, May 4, 2012
    #8
  9. SilverSanchez

    SilverSanchez Active Member

    Joined:
    Jan 17, 2011
    Messages:
    2,653
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Melbourne
    Silver got down to US$29 o/night - I believe if the bottom isnt in its not far away
     
    SilverSanchez, May 5, 2012
    #9
  10. upandaway

    upandaway Member

    Joined:
    Oct 7, 2011
    Messages:
    193
    Likes Received:
    2
    Trophy Points:
    18
    Location:
    The wall
    Daily. I sold at $35.75. Now in the $28's. Gold was a mess to me at time of post, though it depends on your analysis.

    Both will head lower over the coming weeks/months , no where near bottoms in either IMO, although you should see the little bounces along the way. If I'm wrong gladly remind me.

    I'll bow no probs :)

    However, if the market sells real hard here Bernank may bring forward his QE plans.

    I reserve the right to be totally wrong :)
     
    upandaway, May 11, 2012
    #10

Share This Page