A Deadly Sign for Silver - Article

agree with OP, the initial fallout from Europe will be deflationary and metals will get hit hard, silver in particular because its so volatile, I wouldnt be buying here, we saw what happened yesterday when markets got scared because Italy's bond yields went to sh*t so imagine what will happen when the whole Euro banking system implodes, the general population will not flee to silver, most dont even know how to buy it, they will hoard cash. In the end the amount of money printing the fed will do to bail out Europe will pump metals higher but were a bit away from that yet. Im keeping cash on hand and waiting to buy the dips in small amounts when they come and they will come
 
This European thing is the front runner at the moment, its on all the markets lips. I note silvers sideways step this past week as an unpredicted effect from this. For me, I am not concerned about waiting to see where it will go from here. A great leap up or a big fall down. Neither would surprise me. A no panic day is a good day. My feeling is it will fall but either way my strategy does not change. I am buying silver and I am holding it. I'll worry about selling it when the time comes. Anything else is really short term speculation. I'm into PM's longer than that.

My faith is strong. I'm stacking on.
 
thatguy said:
people keep promising a crash and never deliver :(
Click to expand...
That's because they want price to fluctuate for the easy profit and try to cause greed at high prices and concerns at low prices.
"TO DA MOON" at $50 and "CRASH" at $30
I always did the opposite and so far that worked well.
 
I can see a paradigm shift in the perception of people confident in paper money to PM.
When you see action like Hugo Rafael bring home tonnes of real gold from England to Venezuela, this shift is happening.
when you see the Fed can print 16 trillion of dollar out of thin air, that shift is happening
when you see our government never say no to debt and the economy is heading down again, this shift is happening.
 
So what is the recommended play then?
Sell when the 50 mda crosses below the 200 mda ?
When do you buy? When the 50 mda crosses back above the 200 mda ?

Look at the chart at the start of this thread.
If you sold last time the 50 crossed under the 200, you'd have sold at $13 per ounce.
And then if you bought back in when the 50 crossed back above the 200, you'd have bought back in at.... $13 per ounce.
Great move that would have been.


Silversale - what's your trading plan then? How will you know to buy back in? Care to share ?
 
The problem with Charts... they only Predict the PAST.

And they'll never make a chart predicting the Future...

because the Future does NOT exist, YET !

:cool:
 
I'm guessing most chartists that share their (hard-won?) info are unwilling to do it without newsletters and paid subscriptions.
 
Quote
Silver's Death Cross. A so-called death cross occurs when the 50 day moving average crosses below the 200 day moving average. Actually, in stocks at least, the death cross isn't as deadly as most people think.

Certainly, the death cross turns the market's momentum down, but in silver it hasn't amounted to much during this bull market. Out of six death crosses, three began insignificant declines and one saw silver rise. In the last two cases (2007 and
2008) silver dropped 34 and 50 days respectively by 13% and 45%. There you have it, from the sublime to the ridiculous. Death cross MIGHT mean something, but probably not.
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source
 
First we have a death cross (v common formation which often has little or no bearing on price movements or ability to predict direction either way - the markets are purely sentiment-driven, as we well know) then Bro John shows us the ascending pennant on POS currently underway... We still have the ongoing problem of JPM now trying to control the platinum (& this week) the European (and via LME & COMEX - same old tricks as with silver) copper market - so the camp seems rather evenly divided right now... The resistance (serious resistance) will kick in at $38.30-$38.50 if we get that far b4 Xmas - and after that it's the big Four-O. But we could get totalled by an asteroid tomorrow, so really... Just kick back for a few months & enjoy the ride... I bloody hate Xmas pudding too..

;)x
 
domdolittle said:
The problem with Charts... they only Predict the PAST.

And they'll never make a chart predicting the Future...

because the Future does NOT exist, YET !

:cool:
Click to expand...


This is not really true - you have left out one most important aspect - charts tell you what is going on NOW as well... kinda important to include
 
SilverSanchez said:
domdolittle said:
The problem with Charts... they only Predict the PAST.

And they'll never make a chart predicting the Future...

because the Future does NOT exist, YET !

:cool:
Click to expand...


This is not really true - you have left out one most important aspect - charts tell you what is going on NOW as well... kinda important to include
Click to expand...


Ahhh, the HERE and NOW...

I like that, for being interested in ZEN !

Yes, it is always HERE, but when you think NOW, it's NOW...

But when you can refer about it... it's already PAST

I hope you won't mind.

:cool:
 
SilverSanchez said:
I hate it how doom bringers skew charts to make it look worse
Click to expand...

But to be fair i've seen it the opposite with the bulls. Of all the tech analysis i've seen on precious metals i've very rarely seen any that have turned out the way the chartists predicted. I found when it comes to charting it works allot better with currency and index's as gold and silver are still quite mysterious more gold than silver.
 
SilverSale said:
It is not luck. Skill or art form is a better word - Have you heard the old saying, the more someone learns/practices the luckier they get?

There are stupid poker players, just like there are not very intelligent chartists - but that is like comparing Lance Armstrong in a race against an obese guy in a wheel-chair.

A numbers game - a good chartist doesn't expect to win every time. He is usually happy with near 80% success.
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Hmmph , The obese guy in the wheel chair with a government given handicap and tax incentives, grants, exemptions, considerations and exclusions would have Lance Armstrong begging for a Vaseline grant that would never be given to him in this day and age.

A numbers game for sure.....
 
domdolittle said:
The problem with Charts... they only Predict the PAST.

And they'll never make a chart predicting the Future...

because the Future does NOT exist, YET !

:cool:
Click to expand...

100% agree. It's like people playing roulette, and seeing 1,000 red numbers in a row, and assumes the next number must be black (more often than red).

Buying low, to sell the next high and selling high, to buy the "next drop" is gambling. History does not influence the future.
 
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