I am of the opinion that SPOT will reach $37 USD within 6 hours of market open.
*** $37 USD ***
- Thread starter THUCYDIDES79
- Start date
silverfunk
Active Member
comex holiday monday in the US so trading volume will be low.
G
Guest
Guest
Interesting. It's $35.40 atm AUD.... that would require a hell of a spike.
Certainly possible though considering the unrest out there, but who knows?
Certainly possible though considering the unrest out there, but who knows?
samboyellowsub
Member
Well, at this rate, we're only about 15 minutes away from 37USD!
Nub Cannon
New Member
well if any has looked outside recently, the moon looks like it's a bit closer 
Goldmember
Member
reckon it'll crack $36 no probs...maybe bout $36.30 at the most for my money
Goldmember
Member
It wants to go there....just JPM and the wall st boys keepin it down... :0p
I am amazed some big money hasnt come into play yet causing a sharp spike. Surely the filthy rich can smell an opp to make some quick fiat. With the kaos going on in the world,uncertanty across the board and many spruicing gold and silver as set to explode just when will we go into the explode scene?? Surely someone with countless gazillions can smell manipulation for profit here?? (I am talking 10 to 20 dollar weekly spikes not whatwe are seeing at present)
Goldmember
Member
I reckon the Big Boys and the smart money are already invested...waiting for the STHTF
There's a lot of money out there......everywhere. And not that much Silver. A couple of Shieks, a few Barons ... maybe throw in some ex presidents,actors,musicians the list goes on. All it would take is a few more "GOOD O'L BOYS" that are not "ALL IN" to spot the wedgetails/vultures circling in their country to shore up their wealth in pm. (or just maybe JPM does rule ?)
Turk
Active Member
JPM are *desperate* to hold silver below USD $36.
With low volumes tonight they will hammer silver down. If it touches $37 it won't hang around therefor too long!
And Pete:
Yes, the rich guys ARE moving in - but they are doing something more clever than just moving the price up. They are waiting until options expiry and registering for physical silver delivery - knowing that there isn't really any silver left. At expiry time they are offered a cash settlement instead of the metal - with a bonus of 30-50 percent. So they take the cash, and will be back again next time. It's a cash cow for them and they aren't in a hurry to break the bank. Making 50% ever few months is not bad. THAT's why the price is all over the place.
Silver will soon take off again - but I don't think it will be tonight. Those of you waiting for a pullback need to get on board soon!
With low volumes tonight they will hammer silver down. If it touches $37 it won't hang around therefor too long!
And Pete:
Yes, the rich guys ARE moving in - but they are doing something more clever than just moving the price up. They are waiting until options expiry and registering for physical silver delivery - knowing that there isn't really any silver left. At expiry time they are offered a cash settlement instead of the metal - with a bonus of 30-50 percent. So they take the cash, and will be back again next time. It's a cash cow for them and they aren't in a hurry to break the bank. Making 50% ever few months is not bad. THAT's why the price is all over the place.
Silver will soon take off again - but I don't think it will be tonight. Those of you waiting for a pullback need to get on board soon!
hihosilver
New Member
at last she broke through (phew) that was hard! roll on $40