Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
$43.84 at 3:21am Brisbane time
interesting - even i am losing my bullishness !
kinda
off to bed
interesting - even i am losing my bullishness !
kinda
off to bed
I think we will reach $45.00 within 12 hrs
Turk
Active Member
I think you might be right there Thucy!
Blythe seems to be taking it all in her stride, doesn't she! JPM appear to have lost their grip on the market somewhat in the past 14 days.
They have a huge grab-bag of techniques that they normally use to hold the silver train back, so I can only assume that they are now deliberately letting the price rise to discourage physical deliveries. Hey, that's sorta normal!!
But if this is their plan then I've got some rather discouraging news for them. The higher the price goes the MORE silver people will buy!
Gold and silver do that - demand RISES as the price increases - *especially* in Asia - and guess where most of the physical buying is coming from? Whoops!
At this stage then we can only wait until they peg a new level as their 'line in the sand'. They might have their beady eyes fixed on the lower volumes that appear around Easter time - which would mean tomorrow night and next Tuesday night might be targetted.
***Newbies***: If the price drops a few dollars don't worry. That does happen and no-one can prevent it or easily predict it. You haven't made a mistake! Just remember - the price will recover with a week or so and will then continue to rise. Note too: People who bought silver early last year sometimes had to wait several MONTHS to recover from these normal dips or to make their premium back - whereas today the price recoveres in around six days.
We are SPOILT today by silver's meteoric rise!
Blythe seems to be taking it all in her stride, doesn't she! JPM appear to have lost their grip on the market somewhat in the past 14 days.
They have a huge grab-bag of techniques that they normally use to hold the silver train back, so I can only assume that they are now deliberately letting the price rise to discourage physical deliveries. Hey, that's sorta normal!!
But if this is their plan then I've got some rather discouraging news for them. The higher the price goes the MORE silver people will buy!
Gold and silver do that - demand RISES as the price increases - *especially* in Asia - and guess where most of the physical buying is coming from? Whoops!
At this stage then we can only wait until they peg a new level as their 'line in the sand'. They might have their beady eyes fixed on the lower volumes that appear around Easter time - which would mean tomorrow night and next Tuesday night might be targetted.
***Newbies***: If the price drops a few dollars don't worry. That does happen and no-one can prevent it or easily predict it. You haven't made a mistake! Just remember - the price will recover with a week or so and will then continue to rise. Note too: People who bought silver early last year sometimes had to wait several MONTHS to recover from these normal dips or to make their premium back - whereas today the price recoveres in around six days.
We are SPOILT today by silver's meteoric rise!
Goodnight Nightstackers . Well are we going to see US$45 by Easter? Tonight will be another interesting night.
I would just like to comment about the Midnight to 6am thread. It has certainly has taken on a light hearted atmosphere while being serious at times with all posters not crowing about when they are right. It's like a little club inside SS.
Regards Errol43
I would just like to comment about the Midnight to 6am thread. It has certainly has taken on a light hearted atmosphere while being serious at times with all posters not crowing about when they are right. It's like a little club inside SS.
Regards Errol43
Stedlar
Active Member
I've been interested in how much correlation there has been the last week or so between the AUD and silver. You put their charts side by side and have a look.
Luckily the price of silver is outpacing the rise of the AUD. But not so for the price of gold.
I wonder if for the Aussie investor gold is just going to be the store of value, and the real to the moon gains predicted will be confined to the USD price.
Luckily the price of silver is outpacing the rise of the AUD. But not so for the price of gold.
I wonder if for the Aussie investor gold is just going to be the store of value, and the real to the moon gains predicted will be confined to the USD price.
Stedlar said:
Gold has been a DOG of an investment for Aussie physical gold holders since at least september !
Not only have they taken a beating in the AUD vs USD reversal, but they have also taken a beating from
physical silver holders as well !
So in the last 7 months gold has been a money loser for PM investors ( money loser..with regard to opportunity costs ) living in Australia