Buying time for Silver just around the corner

tozak

tozak

Well-Known Member
Silver Stacker
I'm looking for a fall in the metals very soon, probably tonight, could be a big one ($1+ fall)

Silver down and USD up this week;

Looks like the best buying opportunity we have seen for a long time, I'm looking for US$26-US$27 with an exchange rate of $1.05-$1.06 against the USD so (AU$24.52-AU$25.47) bottom, will have to buy big on this as it will be a very quick bounce from here. Spike soon after that, most probably before the end of this month (27th being a key date) then we will see Silver back to the low 30's very soon and most probably the end of this consolidation period. Massive gains to follow after breaking US$35 in the coming months.

Just my two cents anyway, based on some key dates and data, I don't like the look of the Platinum and Palladium charts atm, I think if the bottom was already in the PGM's would be breaking out with Gold and Silver. Safe haven status of the USD and shorting of the PM's will keep putting downward pressure until the funds can see technical oversold signal to go long. Volatility should end before Easter so expect a fast downtrend then a fast uptrend to follow all before the end of this month. A lot of mines are now mining at a loss and Supply in physical form is getting tight so expect this to move fast so be quick and don't hesitate.
 
Keep reading the tea leaves !
Maybe the Cyprus banking news will resurrect the media and rekindle the big issues affecting the Euro with global knock on effects and a renewed buy of metals pushing them higher ?
 
Great to see a bold call and that's what will make it interesting. I just can't see it from the basic chart and that's all I go on; not COTS, key dates, events like Cyprus. I do take notice of commentators though.

But just looking at the weekly chart of silver - it's not giving me any clue to a $1 or more drop. Weekly candles are indecisive and small range now for 4 weeks. If we're due for a sudden deterioration before a spike higher why is this latest downtrend taking so long and still not getting down to $26? The trend for 24 weeks has been gentle not violent

Since the start of the major downtrend from April 2011 the price has fallen to $26 three times. First descent took 22 weeks, then rally, second descent took 9 weeks, rally, third descent took 17 weeks, rally, and now this descent has used up the most time of all - 24 weeks and is still well above $26 support. Momentum looks quite good.

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finicky said:
Great to see a bold call and that's what will make it interesting. I just can't see it from the basic chart and that's all I go on; not COTS, key dates, events like Cyprus. I do take notice of commentators though.

But just looking at the weekly chart of silver - it's not giving me any clue to a $1 or more drop. Weekly candles are indecisive and small range now for 4 weeks. If we're due for a sudden deterioration before a spike higher why is this latest downtrend taking so long and still not getting down to $26? The trend for 24 weeks has been gentle not violent

Since the start of the major downtrend from April 2011 the price has fallen to $26 three times. First descent took 22 weeks, then rally, second descent took 9 weeks, rally, third descent took 17 weeks, rally, and now this descent has used up the most time of all - 24 weeks and is still well above $26 support. Momentum looks quite good
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Yep im pretty much curious also :/. Tozak could you shed some light on this?
 
Fiat in hand and slowly disolving to metal

Have followed tozaks past calls and been very happy with the results. Yes I'm an Ag bull but can you seriously keep holding out guys? There's cheap metal floating around which wont last forever. Everyone plays there hand different but look closer at this spread...don't be disappointed buying in too late
 
$26.50 is the number. If that price is reached, either load up (if you are adventurous) or hold on because $26.50 is the resistance line. At that point, silver will either begin an upward trend OR if its breached, its hard to see the bottom, $20 perhaps, but down significantly.
 
$25 is the "magic" number, break that and it's bad news for those holding big stocks bought at $30+.

I'm patiently waiting.........bring on $22 ! Then time to visit Mr PM.
 
Tozak, I look forward to your predictions, your previous were bang on the money ;)
 
ashleyd123 said:
$25 is the "magic" number, break that and it's bad news for those holding big stocks bought at $30+.

I'm patiently waiting.........bring on $22 ! Then time to visit Mr PM.
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I'm in no hurry to buy silver either. Its more expensive in the UK and Gold is much more popular....however..

Your wish for $22 or close to it may come true in 2013....then I'll be in a hurry to buy as much silver as I can.
 
No fall yet, I'm going to start buying today and each day after that to dollar cost average this low out. I still think there will be a pullback before the next leg up but it could be real quick and I expect it to have spiked up before the end of the Easter break so running out of time to do so (looking for low 30s after the spike up)

So gonna buy each day now until it either spikes up or until Good Friday.

Be a interesting couple of weeks I would say
 
there were only a few sales sold close to SPOT; most of sales are asking premium price even SPOT drop to 25 AUD.
 
Seize the day, seize the moment.. its gandalf saying "run you fools"... this is a temporary price stall so that the accummulate gold and silver holdings until the next round of fleecing is carried out..

I wouldnt be waiting for the "next leg down"... of couse the PTB can add more futures or conjure up some fiat and go naked short but really thats a blessing if you know how undervalued it is given the currency wars..

As Schiff says.. dont look a gift horse in the mouth!

Buy you fools! (sorry to misquote Gandalf!)
 
1for1 said:
Seize the day, seize the moment.. its gandalf saying "run you fools"... this is a temporary price stall so that the accummulate gold and silver holdings until the next round of fleecing is carried out..

I wouldnt be waiting for the "next leg down"... of couse the PTB can add more futures or conjure up some fiat and go naked short but really thats a blessing if you know how undervalued it is given the currency wars..

As Schiff says.. dont look a gift horse in the mouth!

Buy you fools! (sorry to misquote Gandalf!)
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I like that Gandalf analogy, Buy! You fools!!
 
my 2 cents is the price is playing around like it's been because everyone is thinking the same thing and waiting for the dip. Everyone thinks the dip is coming so they're holding but there's enough confidence in silver to keep the price hovering. After waiting a while people buy a bit while they're waiting and everything keeps bobbing up and down in the same area.

I'm hoping this means there's an explosion coming so I'm getting my buys in now.

Thinking about this, I guess I'm just repeating 1for1, sorry for the plagiarism buddy!
 
tozak said:
No fall yet, I'm going to start buying today and each day after that to dollar cost average this low out. I still think there will be a pullback before the next leg up but it could be real quick and I expect it to have spiked up before the end of the Easter break so running out of time to do so (looking for low 30s after the spike up)

So gonna buy each day now until it either spikes up or until Good Friday.

Be a interesting couple of weeks I would say
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Looking forward to next week!
 
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