Clive M: A bloodbath is believed to be imminent in the silver market

I like this...... :cool:

More sophisticated traders who examine the 6-month chart for silver presented here will clock the massively advantageous risk/reward ratio for silver shorts here, since any newly opened short position can be protected with a close overhead stop that strictly limits losses if silver breaks higher. To put it bluntly if we are wrong in shorting silver here, we are out for a minor loss, if you are wrong here as a new long, you are going to have your head handed to you on a platter.
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1021_elevator_down.png
 
southerncross said:
Your a tad schizo on the silver price TG, only two days ago it was
Sure seems strong... I cannot believe how quickly it shrugs of the beat downs. If gold goes over $1800 silver will close on $35.50 like a snap... easy money there IMHO #264 2012-10-05 01:05:43
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http://forums.silverstackers.com/topic-27970-silver-charting-and-silver-ta-chat-page-11.html followed by a vid showing the consolidation of silver and gold prices.
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One thing I have learnt is to be adaptable... I had a lot of longs over 1800+ and 35.50+, but alas it was not to be (damn close though :D ). What I was saying the was one metal "gold" was @ resistance and silver lagging... a lot has changed since then*
1021_schizo.png

I reserve the right to be a rational or as "schizo" as the silver price is... get it?

EDIT * for that matter a lot could change on open tomorrow morning and it could be bullish again by midday
 
thatguy said:
southerncross said:
Your a tad schizo on the silver price TG, only two days ago it was
Sure seems strong... I cannot believe how quickly it shrugs of the beat downs. If gold goes over $1800 silver will close on $35.50 like a snap... easy money there IMHO #264 2012-10-05 01:05:43
Click to expand...
http://forums.silverstackers.com/topic-27970-silver-charting-and-silver-ta-chat-page-11.html followed by a vid showing the consolidation of silver and gold prices.
Click to expand...
One thing I have learnt is to be adaptable... I had a lot of longs over 1800+ and 35.50+, but alas it was not to be (damn close though :D ). What I was saying the was one metal "gold" was @ resistance and silver lagging... a lot has changed since then*
http://forums.silverstackers.com/uploads/1021_schizo.png
I reserve the right to be a rational or as "schizo" as the silver price is... get it?

EDIT * for that matter a lot could change on open tomorrow morning and it could be bullish again by midday
Click to expand...

Sorry if it seemed I was having a go at you TG, I wasn't and probably should of worded my my post more carefully :( . I know you do a bit of paper trading so may be a bit more in tune with the market but the sentiment shown over the last few days sort of clashes with this recent thread. Why the turn around ? is it based purely on interpretation of others respected opinions or some other reason or gut feeling perhaps? I am mostly curious as I have been following a few threads you contribute to with interest and recently made a sort of large buy of silver based in part on those threads. My interpretation from exhaustive reading here and many other sources is a consolidation of price given the constant testing of the low $34 level over the last week and the consistent and solid gains from the recent lows.

What is the basis for the bearish sentiment ? Again I am not being snarky but rather more curious as to your reasoning, is it short term spiking or fundamental reasoning such as seasonal influences you see for a drop on the way?
 
I remember some chart readers foreseeing 20-23 dollar silver not too long ago
 
Silver Soul said:
hem9 said:
I remember some chart readers foreseeing 20-23 dollar silver not too long ago
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That." young fella. Is still very possible. ;)
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I did not say it was not possible old fella, but if I listened to them and only bought when silver was 20-23. I would have missed the profits I already made in this current upswing.
 
hem9 said:
Silver Soul said:
hem9 said:
I remember some chart readers foreseeing 20-23 dollar silver not too long ago
Click to expand...

That." young fella. Is still very possible. ;)
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I did not say it was not possible old fella, but if I listened to them and only bought when silver was 20-23. I would have missed the profits I already made in this current upswing.
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Who is, them?
 
southerncross said:
thatguy said:
southerncross said:
Your a tad schizo on the silver price TG, only two days ago it was
http://forums.silverstackers.com/topic-27970-silver-charting-and-silver-ta-chat-page-11.html followed by a vid showing the consolidation of silver and gold prices.
Click to expand...
One thing I have learnt is to be adaptable... I had a lot of longs over 1800+ and 35.50+, but alas it was not to be (damn close though :D ). What I was saying the was one metal "gold" was @ resistance and silver lagging... a lot has changed since then*
http://forums.silverstackers.com/uploads/1021_schizo.png
I reserve the right to be a rational or as "schizo" as the silver price is... get it?

EDIT * for that matter a lot could change on open tomorrow morning and it could be bullish again by midday
Click to expand...

Sorry if it seemed I was having a go at you TG, I wasn't and probably should of worded my my post more carefully :( . I know you do a bit of paper trading so may be a bit more in tune with the market but the sentiment shown over the last few days sort of clashes with this recent thread. Why the turn around ? is it based purely on interpretation of others respected opinions or some other reason or gut feeling perhaps? I am mostly curious as I have been following a few threads you contribute to with interest and recently made a sort of large buy of silver based in part on those threads. My interpretation from exhaustive reading here and many other sources is a consolidation of price given the constant testing of the low $34 level over the last week and the consistent and solid gains from the recent lows.

What is the basis for the bearish sentiment ? Again I am not being snarky but rather more curious as to your reasoning, is it short term spiking or fundamental reasoning such as seasonal influences you see for a drop on the way?
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No offence taken... :D , just trying to explain my position. That is what is so good about this site, sharing of thoughts and info (even if wrong in the end :lol: ). So back to "why bearish", the metals needed to execute the breach of $1800 sooner rather then later or else the bulls would turn into short term bears much like I did. The most important thing in trading is to go against the flow but go with it as there are market makers out there and I am not one of them. FWIW I would prefer up then down as I have more to gain personally from up with my physical stack, but I need cash flow (and sometimes a hedge as the wife hates loosing $$).
 
The longer it takes gold to push through the US$1800 barrier the more chance that it won't be breached and therefore more chance that there will be a sell off. Silver follows gold and can't seem to push through the US$35 barrier. I reckon if gold doesn't push through 1800 this week a big sell off is coming. Silver will follow. How low it goes will then be the question. :)
 
I have seen previous predictions from Clive being 100% inaccurate. It would not suprise me to see a 40-50% retracement on recent gains. That is normal and will take a further few months to build a new base. Bloodbath - not so sure. These are no longer markets that follow a predictable path. I will balance Clives predictions with Rodger Wiegand (KER) http://www.kereport.com/ who predicts a rally this week ? Take your pick. Trading in the short term will likely blow up in your face sooner or later.
 
Ronnie 666 said:
Trading in the short term will likely blow up in your face sooner or later.
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It will never blow up in your face if you are using effective risk management. :)
 
^^^ You might be right? :/

I'd be better off sticking to a fully exposed, relatively illiquid long position in phys with no exit strategy or risk stop. :D

Now, let me just check how that has been performing this morning? Hang on, over the lat 12 months? mmmmm.......
 
wrcmad said:
^^^ You might be right? :/

I'd be better off sticking to a fully exposed, relatively illiquid long position in phys with no exit strategy or risk stop. :D

Now, let me just check how that has been performing this morning? Hang on, over the lat 12 months? mmmmm.......
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How about the last 12 years?
 
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