+1roman said:
$35 US Silver. Sign of new Surge or just a False Rise?
- Thread starter errol43
- Start date
roman said:
Aaahhh, but where is the fun in just sitting without having a prediction?
Have a go, as you said, 50-50 chance of being right.
I reckon it's not doing much at all other than a slow overall climb higher. I only guess this because it was really foggy in the Hunter Valley this morning
Naphthalene Man said:roman said:
Aaahhh, but where is the fun in just sitting without having a prediction?
Have a go, as you said, 50-50 chance of being right.
I reckon it's not doing much at all other than a slow overall climb higher. I only guess this because it was really foggy in the Hunter Valley this morning
Ok then i'll have a go.
If we close near to or above $36 then things will look pretty good, if not I think come Monday we can kiss $35 goodbye and go lower.
Okay since were all giving our 2 cents worth then;
Strong buying from Europe/Middle East causes big spike up in the coming weeks to US$40-$45 range then long consolidation between US$38-$42 that will take us all the way to September then a new rally all the way to US$62 (AU$52) to close out the Year.
Strong buying from Europe/Middle East causes big spike up in the coming weeks to US$40-$45 range then long consolidation between US$38-$42 that will take us all the way to September then a new rally all the way to US$62 (AU$52) to close out the Year.
G
Guest
Guest
It's surfing its way to new highs this year through the stinking nerd attacks.
[youtube]http://www.youtube.com/watch?v=84U7Nbg__64[/youtube]
[youtube]http://www.youtube.com/watch?v=84U7Nbg__64[/youtube]
BootyBandit
New Member
I predict next week it will drop to $31.43, if im right please send me an oz of silver
gbickle said:
+1
Ilikemetals
Member
roman said:
Agreed, technicals are pretty useless considering the economic climate - you can't really predict what is happening as we have never been where we are before.
MelbBrad said:
First I thought you meant "obvious" and that TA was indicating some kind of dramatic fall. Then I understood you actually meant "useless" and TA was not helpful in the current climate.
But US$25 by May is an interesting call. I've been waiting for months for a hold above $34.50 as a signal the bull is going for a run again. Now, just as everyone seemed to be loosing interest in silver, we get a weekly close over $35. I personally think this is very bullish and am keenly anticipating the coming week.
Why do you reckon it will break through support at $26 to the downside? Are you worried Rudd will depose Gillard and start deficit spending like a drunken sailor again?
MelbBrad said:
Agreed. Not sure if it will be by May, but I certainly don't thing we've visited the final low. Discard oil as in 2008 here at your peril. If this keeps going and the specs jump in (if they haven't already) you'd have to be pretty sure of yourself not to think another cliff was coming for just about everything.
Short term, I'll go with technical correction cough profit taking by next Wednesday.
In recent interviews David Morgan has made the point that;
1) The New Year is a seasonally strong period for Silver/Gold, falling off after this period
2) A war with Iran will cause a flight to safety as investors speculators liquidate investments in favour of cash. That will cause a strengthening of the $US and Euro and a fall in all commodity prices (including precious metals) with the exception of oil
3) in recent times, the market has tested $26US...twice and offered a 50/50 chance of a return to those levels !
http://www.youtube.com/watch?v=fqcxWIAGk3s
1) The New Year is a seasonally strong period for Silver/Gold, falling off after this period
2) A war with Iran will cause a flight to safety as investors speculators liquidate investments in favour of cash. That will cause a strengthening of the $US and Euro and a fall in all commodity prices (including precious metals) with the exception of oil
3) in recent times, the market has tested $26US...twice and offered a 50/50 chance of a return to those levels !
http://www.youtube.com/watch?v=fqcxWIAGk3s
Sultan Pepper
Member
Got close this morning.Sultan Pepper said:
Rising silver price AND rising AUD. Now to me that is a win no matter which way you look at it.
Edit to add: and MelbBrad, I couldn't help myself but to borrow some words from you.
Edit to add: and MelbBrad, I couldn't help myself but to borrow some words from you.