Silver's going down, but how much lower?

Silver is dipping this Friday.

Bulls have weakened... More than a dollar fall.



How low are you expecting it to go?

 

I'm hoping..... Quoting Drake

"To the floor, to the floor
She took it to the floor"

 

I have a feeling that it will get back to around $22au/$20us by this time next week.

 

You're probably right...unfortunately...

 

cue the perma bears

 

But the question is, will it go lower than $20us and if so how much lower?

I've been holding off buying for a couple of weeks and may hold off a little longer to see how it all pans out.

 

Well if your feelings have had a high accuracy rate before then follow your feelings

Did your feelings tell you to buy a few weeks ago just before the price spiked upwards and did your feelings tell you to sell yesterday ?

 

My gut instinct told me to buy about 3 weeks ago just before the rise and the same instinct has been telling me to hold off buying until the price drops again.

I haven't sold anything as yet mainly because I would still rather have silver than paper.

 

Retrace down to AU$25 ($28-$22=6, /2 = $3, + $22 =$25.)then back up on its merry way....

 

I couldnt give a fat rats clacker.

 

As opposed to the perms-bull$&@!s

 

Might be just profit taking?

 

instincts told you to buy at a 3 or 4 year low, and you decided not to...why?

So, what makes you think you'll buy again...when/if it hits $18?

 

Morning all,

looks like a standard breather to me - broke the up trend line is definitely a worry - aside from that we still have higher highs and higher lows.

I NEVER underestimate a broken trend line - but they aren't 100%.

If we lob between the two blue lines and then resume northward - all good. If we go north from here, right now - even better (bouncing apx. off the last high as support) .

If we do continue North - I can see a min. of around $28 US - maybe even $30 - one would think we would have a mental pause at $30 though for sure.

If we go below that bottom blue line clearly - hmmm, someone wake me please. Have a great day all. ------oh and btw, if we do resume uptrend and get above that trendline we have just broken --------------- I wouldn't waste time waiting for sub $20 - you best spend your time fishing

gazza

 

Perfect weather........gone fishin'.

 

Well not sure if I hit it correctly or not but I made another purchase today.
We can only guess at what next week will bring and I have plenty of time to wait for my investment to grow.

 

Perfect opportunity to keep buying. Any purchase sub $27 in this current rising market is a bonus.

I believe all the indicators are in play to take it much higher before Easter. At the end of the US tax year there is usually a small selloff in order to capitalise, it will climb to Christmas, pause, then continue from the new year to Easter.

I intend to make a quick purchase first thing Monday morning before the Euro/US market kicks in. $28 this week was an early indication as to what to expect this coming week.

 

I have a long-term bullish buy realistic position on silver so I just f*cking buy. It's simple but effective

 

The first week of this price uptrend was first dominantly caused by Comex futures market contracts (that usually never get delivered / cancelled instead).
The second week the Comex share in the price uptrend significantly dropped.
And the last weeks COT report (20-27 august) their share crippled. Just 1100 contracts / 5.5 Moz more but the price was driven from $23.02 to $24.59, so $1.57 price dollars.
IShares sold some more shares and increased stock with 2.4 Moz.
US Mint sold 1.18 Moz.

All relative small amounts Moz, so it looks like some private / not obliged to report entities were loading up 1000 ounce bars.
Maybe the same that sold the $27 down to $22 in the couple days around mid april 2013.