What's To Stop This Happening?

Discussion in 'Silver' started by SilverDJ, Dec 3, 2015.

  1. SilverDJ

    SilverDJ Well-Known Member

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    [​IMG]
     
    SilverDJ, Dec 3, 2015
    #1
  2. Porcello

    Porcello New Member

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    Nothing.
     
    Porcello, Dec 3, 2015
    #2
  3. willrocks

    willrocks Well-Known Member Silver Stacker

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    This:
    [​IMG]
     
    willrocks, Dec 3, 2015
    #3
  4. Porcello

    Porcello New Member

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    Nice, but there is not even correlation between the two charts!
     
    Porcello, Dec 3, 2015
    #4
  5. Altima

    Altima Well-Known Member Silver Stacker

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    War?
     
    Altima, Dec 3, 2015
    #5
  6. silverbait

    silverbait Active Member Silver Stacker

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    silverbait, Dec 3, 2015
    #6
  7. willrocks

    willrocks Well-Known Member Silver Stacker

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    There is direct correlation between commodities (including silver) and the US dollar.

    [​IMG]
     
    willrocks, Dec 3, 2015
    #7
  8. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    Confiscating SammySilvers keyboard.
     
    Stoic Phoenix, Dec 3, 2015
    #8
  9. Porcello

    Porcello New Member

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    Ok, this one is definitely better.
    Now you just need to find the correlation between money supply and USD index.
     
    Porcello, Dec 3, 2015
    #9
  10. Holdfast

    Holdfast Well-Known Member Silver Stacker

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    $9.80 has been the target for some-time now.
     
    Holdfast, Dec 3, 2015
    #10
  11. kramer

    kramer Member

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    I say buy the dips and enjoy the ride...
     
    kramer, Dec 3, 2015
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  12. Monsta

    Monsta Member

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    You cannot pick a single commodity and compare against the USD, mainly because traders flip between all commodities, not just one. It has to be a basket. But it certainly correlates as Willrocks shows.

    To answer the OP question, what is keeping it at the current level is the technical support level close to where it is, and another around $12.45-$12.50 (that rough $400/kg mark). If it breaks $12.40 then it''s going lower to your kind of level.
     
    Monsta, Dec 3, 2015
    #12
  13. Stoic Phoenix

    Stoic Phoenix Well-Known Member Silver Stacker

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    At least my theory is testable..... ;)

    [​IMG]

    Im with Kramer....My xmas shoppings done so may gets myself something, just make another prediction or two over next week or so Sammy then we can test theories.
     
    Stoic Phoenix, Dec 3, 2015
    #13

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