Is this silver's turnaround sign?

M

malachii

Well-Known Member
I have to say that the negativity surrounding PMs but especially silver on this site lately (me included) is probably the first positive turnaround sign I have seen for silver in quite a while!!

malachii
 
If we repeat history of the Big Depression, and 2008, pms price will capitulate first, then followed by stock market capitulation, then pms will rise from the ashes first, followed by the stock market.

So for me, the important turnaround sign for pms ain't there until the stock market has crashed. It hasn't happened yet ...
 
Feels like 2008-9 for sure now. That other forum had a bit more of it then but then they had a lot of 'bears' hanging around posting.
 
what is the statistic ? for every buyer how may seller deal at the store?
 
i was only thinking in reference today to the Great Depressions time frame and sequence.

Last night and today's drop is not the action of millions of gold and silver investors all waking up at the exact same time all around the world waving their arms post Christmas party like and yelling sell sell sell. it was an obvious single action, too obvious..

When they "re buy" they will make a killing.
 
I've been thinking about this also. I'm feeling negative about silver, but I always knew it was going to tank when GFC2 hit us properly so I shouldn't be too worried.

The fact Gold is dropping with it is a sure sign to me that we're repeating 2008 right now and that following this mess PMs will be the first to bounce back.
 
It's entertaining listening to the fear when silver goes down and the hype as it goes up. I guess that will never change.
 
I'll probably feel better when i see the price movements of PM go against equity market. In the last few months both have been behaving the same way, so PM are not what they used to be :(
 
geewiz said:
It's entertaining listening to the fear when silver goes down and the hype as it goes up. I guess that will never change.
Click to expand...

Some things do never change, and I believe this is one of them.

"Be fearfull when others are greedy, be greedy when others are fearfull"
 
gelxi said:
If we repeat history of the Big Depression, and 2008, pms price will capitulate first, then followed by stock market capitulation, then pms will rise from the ashes first, followed by the stock market.

So for me, the important turnaround sign for pms ain't there until the stock market has crashed. It hasn't happened yet ...
Click to expand...

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http://globaleconomicanalysis.blogspot.com/2011/08/secretly-broke-in-australia.html

This is an interesting, if depessing, read:

http://globaleconomicanalysis.blogspot.com/2011/08/secretly-broke-in-australia.html
 
geewiz said:
It's entertaining listening to the fear when silver goes down and the hype as it goes up. I guess that will never change.
Click to expand...
And it was only a few hours difference!
 
Its going to the MOON baby... its going to the MOON... whoooo!!! This is an exhilarating ride... whoo hoo!!! Its a one-way trip to heaven.
 
looks like silver is dragging golds sorry self out of the gutter again. one day silver will disconnect from gold and pow straight to the moon. :D
 
For me I'm still buying as I can. There is so much happening in global finance right now it's almost impossible to call any shots. Big rumours about China's up and coming 'downturn' should be our main worry at present. Lot of people made big sea changes based on our mining boom. I do beleive the USD will have a rally but global recession is suddenly not a dirty word. I hear and see it a lot lately in the media. And now the US and Iran are rattling sabres...oil will do something I guess. For sure it is going to be interesting times into the New Year. I also don't think this is silvers turnaround, I expect more of the same for some time to come. Buy the dips, buy the rises but buy.

And speaking of New Year....Have a happy one stackers.

edited for A TYPO!!..gee willikers I checked it twice :(
 
Mighty Atom said:
For me I'm still buying as I can. There is so much happening in global finance right now it's almost impossible to call any shots. Big rumours about China's up and coming 'downturn' should be our main worry at present. Lot of people made big sea changes based on our mining boom. I do beleive the USD will have a rally but global recession is suddenly not a dirty word. I hear and see it a lot lately in the media. And now the US and Iran are rattling sabres...oil will do something I guess. For sure it is going to be interesting times into the New Year. I also don't think this is silvers turnaround, I expect more of the same for some time to come. Buy the dips, buy the rises but buy.

And speaking of New Year....Have a happy one stackers.

edited for A TYPO!!..gee willikers I checked it twice :(
Click to expand...

The more the US dollar rises the more likely they are to print more money. An important part of their "recovery" is exports/import replacement from the lower dollar.
 
Oh sorry, what's happening with silver?

Just playing Xbox atm, but I'll run a quick check - one sec.
 
Yep, I still have every single ounce.

Awesome.

If you get caught in the day to day movements of silver and panic, you're probably in the wrong market anyway.

I see this period simply as a shaking of the tree with the weaker hands cashing out and moving on.

Hopefully they've cashed out and made a profit, if you were smart and here early on you should have!

I'll be still here and buying in a few years from now (assuming Silver doesn't 'go to da moon' first), but I honestly doubt many of the current crop of silver investors will be.

Some are here because they understand and appreciate the fundamentals, so they have the patience for go long and not worry about short term movements and market 'noise'.

Others are simply here for the ride (not that there's anything wrong with that) and with the 'gloss' of double digit gains now waning they're losing interest or looking for the next asset to try and cash in on.

So be it, such is the nature of investors - we're all different!

I haven't sold anything. I'm still in definite accumulation phase.

Right now, silver is on sale and this period is brilliant if you're like me and on the short stack.

To quote a classic movie character :

The suspense is terrible... I hope it lasts.

(Willy Wonka)

:)
 
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