Probably will but the climb has been rather fun to watch, especially if you managed to buy some at the bottom!
Bull trap? Bullcrap!! I'm done, made a purchase this morning, if under A$17.50 is when I've made my last purchase for a while I'm happy. There should be pullback but when and how much we shall wait and see
(USD) Seems most people view $15 and $16 silver as a bargain. Each time we get in that range buying holds the price up. Used to think $20 was the new $5 but maybe it's more like $15?
Swiss election reaction. I think the volatility will settle in the next week or so and then lower lows.
Arm wrestle between manipulation and fundamentals. Fundamentals won out; puting the fun back into fundamentals.
I wonder if there are some really big buyers getting into the PM market now? If so it could indicate knowledge of something about the other markets that is not yet generally known. It will be a bull market when everyone else piles in.
^^^ And this could equally be true. We won't know till the dust settles (any predictions on how long that could be?)
Anyone here know anything about a metals writer named Mark Swanson (writes on globalresearch.org)? He seems to fall into the near perm bull category but seems better informed than most. Anyway, he seems to think we might have seen the worst of it. Interesting ideas for the Kool aid drinkers anyway (I know the price suppression kool aid isn't good for me but it tastes good ) Article:
What do you base this on? I have enjoyed reading your cautious posts, but wonder the rationale on this particular trap. I don't know, but think there was a big overreaction to the Swiss vote. Others felt the same and didn't see silver prices going down today. I don't know if any thought, however, it would go up this much today.
Anyone who trades for a living knew for a near certainty that the gold vote was a no for weeks now (barring some great catastrophe), the private polling on the issue was fairly clear so that was all but priced into the market. We know that it wasn't the physical buyers reacting to the price drop, they bought the dip like crazy. The way the drop happened it looked like one big players move rather than any market wide sentiment. The price rise back to $16.50 instead of $15.50? You'd have to ask someone smarter than me but I take it as good news that the market roundly and resolutely rejected sub $15 silver when it was pushed there.
Hands up who missed the $200 10oz bars yesterday :-( Had them in cart and all just delayed to long.. one more crack at 14$ then moon
This is the part I don't like about physical silver as compared to other investments. I picked up some yesterday and even though spot might be up $1.50, I am still down by the time I pay the premium to buy and don't enjoy much of a premium to sell. Yea, on one of the best bounces I know of, I am still down from yesterday. :lol: :|