Silver to pass $21!!!

Discussion in 'Silver' started by Silver_Dealar, Jul 4, 2016.

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  1. Silver_Dealar

    Silver_Dealar Member

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    Is it going to happen already!!!???
     
    Silver_Dealar, Jul 4, 2016
    #1
  2. Hp1173

    Hp1173 Active Member Silver Stacker

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    No, I am not doing FTF
    YEP!!!!!! I think its going to go well past that
     
    Hp1173, Jul 4, 2016
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  3. Silver_Dealar

    Silver_Dealar Member

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    Holy crap it happened as I posted the above
     
    Silver_Dealar, Jul 4, 2016
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  4. worldbubble

    worldbubble Active Member

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    It is going to pass $25
     
    worldbubble, Jul 4, 2016
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  5. Andy28

    Andy28 Well-Known Member

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    Big swings, down $1 in an hour.
     
    Andy28, Jul 4, 2016
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  6. Silver_Dealar

    Silver_Dealar Member

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    Okay it seems $20 is now support
     
    Silver_Dealar, Jul 4, 2016
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  7. Topherclaus

    Topherclaus Active Member

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    Falling onto 20 and bouncing right back. Could be a decent support. I've gone long, it better be a support. Haha.
     
    Topherclaus, Jul 4, 2016
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  8. thefinn

    thefinn Member

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    I wouldn't be surprised to see it fall back to $19 in the next week. Bitcoin doesn't get as much of a kneejerk to the market - and it hasn't moved. Could be a temporary gain. It was certainly fast.

    Could totally be wrong, hope I am ;)
     
    thefinn, Jul 4, 2016
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  9. metalzzz

    metalzzz Well-Known Member

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    $21 was a huge support level on the way down in 2011/12. Will take many attempts to hold above. We just got the first!
     
    metalzzz, Jul 4, 2016
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  10. Silver_Dealar

    Silver_Dealar Member

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    And the Phoenix rises from the ashes
     
    Silver_Dealar, Jul 4, 2016
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  11. millededge

    millededge Active Member

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    It is a decisive upswing but today seems quite exponential and a fallback would be in keeping with a new uptrend, around 25 bucks AUD. Nice to see a steep rate of change to the upside for once. It has been a while. Commodities have been in the doghouse for some time bar some new flavours like lithium.
     
    millededge, Jul 4, 2016
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  12. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    its been above $21 for weeks now where have you been?
     
    Court Jester, Jul 4, 2016
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  13. metalzzz

    metalzzz Well-Known Member

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    Talking USD, sideways man.
     
    metalzzz, Jul 4, 2016
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  14. Topherclaus

    Topherclaus Active Member

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    USD.
     
    Topherclaus, Jul 4, 2016
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  15. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    the world does not revolve around the USA ... sigh The OP is Australian.

    I personally cant remember when I last purchased silver in USD --- oh thats right NEVER
     
    Court Jester, Jul 4, 2016
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  16. metalzzz

    metalzzz Well-Known Member

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    Silver and gold charts in AUD are just a conversion of the centric USD charts.
    The rest of the world doesn't pull up the charts in AUD. So if you want to follow trends in a global market, USD is a logical start
     
    metalzzz, Jul 4, 2016
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  17. Court Jester

    Court Jester Well-Known Member Silver Stacker

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    not when you are trading it in AUD and that conversion does make a big difference to the price.

    you might as be quoting the price in dog turds for all the good it will do your average Aussie who earns and spends AUD
     
    Court Jester, Jul 4, 2016
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  18. metalzzz

    metalzzz Well-Known Member

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    It would be awesome if we could trade your turd for something useful
     
    metalzzz, Jul 4, 2016
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  19. Silver_Dealar

    Silver_Dealar Member

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    CJ why you being so salty man? Silver is priced in USD so when you're looking for resistance and support you look at it in USD. The charts of AUD silver are often similar in contour to USD silver. Yes it can differ because of the exchange rate. That is why you look at USD for trends, because that is how it is globally hedged. If the price of silver goes up in AUD in midterm but down in USD, that's bad because for long term investors(most of us) silver is bearish, and eventually the currency will jump back. Also, considering how few people invest in gold let alone silver, I don't think your average Aussie trades silver
     
    Silver_Dealar, Jul 4, 2016
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  20. Silver_Dealar

    Silver_Dealar Member

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    Silvers having an interesting day, above $20.60 again

    We're on something big here lads. Even news.com.au is beginning to mention silver in its financial news alongside gold (the second the media picks up on silver and gold going up, many plebeians start buying it)
     
    Silver_Dealar, Jul 4, 2016
    #20
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