Surf's up boys! This post has given me great satisfaction for many reasons, including the enthusiasm of members of the board. I love when I feel like Charlie Sheen... Lol, such sweet satisfaction.
It looks like ilver AU$25+ is holding up. Market closed above $25. Any predictions on next week? 1) Up then sideways. 2) up then down. 3) down then sideways. 4) down then up. 5) up-up-up! 6) down-down-down! I'm feeling 5) but thinking 1)
Lol, Charlie is like a train wreck...its hard not to watch. Love this guy for making me laugh...reminds me of my "special friend" on this forum. Great picture
Envy...such a woman's trait. Love when people grab at low hanging fruit, and don't know it. What's blatantly obvious to some...well, its not to others. Lol
That introspection I absolutely agree with. All except the misogynistic undertones. Edited coz I felt like it.
Don't forget about Septaper. Whether there is a taper or talk of taper, either will be fairly deflationary and probably bring silver prices down.
It took 9976 net extra futures market positions to increase the price with $1.95 That means 9976/1.95=5116 positions per price dollar. It's common to see a net total position of 50000. Spot price $21.38 had 20276 positions. The 'missing' remainder is thus 50000-20276=29724 positions. 29724 / 5116 per price dollar = 5.81 price dollars. So, the projected silver peak price is $21.38 + $5.81 = $27.2 That should be the peak price of this uptrend, based on past larger fluctuation periods of 3-4 months, likely somewhere in november. This is a focussed 'educated guess'. It assumes the rest steady state. A similar projection worked fairly well for the mid august>october 2012 uptrend, it predicted $36.5 and the peak has been $35.5 Put it in your calendars! Prepare to dump! The more that read my prediction, the more will already sell lower! So please count the number of times the post is read!
No. That is often a misconception. Neither inflation neither deflation means all prices move the same direction. It's only in the fiatcurrencies terminal stage (refusal as payment) that the relative trend differences are completely washed out in magnitude. Prices in bubble markets go down. Prices of basic stuff go up. See, a crisis is essentially a shift from certain market to other markets, and a crisis is a shift in the reverse direction.
not this time around the park , we had our scare when heli ben muttered something barely audible about tapering. pm, s fell, the fed bought more gold ben laughed in private with the fed board. Then we all realised our own advise and took it, most if not all here jumped on the train at the beginning of the run.
If the silver peak price is $21.38 + $5.81 = $27.20, what will the (theoretical) price go down to when it drops? Back down to $21? or minus 1/2 the rise, 24.28?
