Midnight to 6am - Overnight Spot Watchers Spot...
- Thread starter Turk
- Start date
Huge spike in gold and silver just then. Could it be the pathetic US jobless numbers? Sorry I can't speak pirate!
uwo makkie - yayyy its bean a long tyme sins we ad a pardy! 
doomsday surprise - CONVERTED said:
Possibly, it happened right on the GLOBEX close and the NYMEX open.
Mabie NYMEX traders were just waiting for the open to jump in.
Kitco's charts are good for the last 3 days, and if you click on the silver one you can get some nice graphs of last hours trading of several indexes, commodities and currencies.
like these.
These are 50% size, white one is the last hour in % gain/loss.
www.kitco.com
28,37 ewe ess dee an orl iz welllll (hic)
G
Guest
Guest
We've seen the bottom for gold and silver. This is not good as it comes on the back of some disturbing occurrences in the world. Gold and silver are skyrocketing now because of this.
My personal take.
My personal take.
Ah de pirits cum to life...Postes everiwere...I taute i be on the wrong ship...U alredi have the sales up and deSS ir unnin befur de brrezzze..
Tis a wile sinse we sea such a fine wind...Wheres it cumin frum...Has captin morgan retired or something.
AK ER 43
Tis a wile sinse we sea such a fine wind...Wheres it cumin frum...Has captin morgan retired or something.
AK ER 43
Dirtbikepilot
Active Member
AK errl da ya tink we mite be ta seein a sharp drop in da winds and a turn sowth wen da silva papa pirats starts ta dump ther rubbish wif dis hia price?
28.38
28.38
DBP..Wen JP mogin in trouble,,They mak moni moven monie awound..
I tink der is a holidae in Us on monda...Looks lika some big movmints evun wen de silva priczes rise fast de profit can still be made.
Anway pirits hav edere tresure in bars and coins...If de wind is trong den papar gits blowen awa.
28.54
AK ER 43
I tink der is a holidae in Us on monda...Looks lika some big movmints evun wen de silva priczes rise fast de profit can still be made.
Anway pirits hav edere tresure in bars and coins...If de wind is trong den papar gits blowen awa.
28.54
AK ER 43
Dirtbikepilot
Active Member
Fare widz an sees at ow baks for da rezd of tha niyte is orl we can ope.
I be off ta me rack four sum buoody sleep.
Good niyte ta ya AK ER 43. Hope da snorz from balow dont be to anoyn for ya.
28.66
I be off ta me rack four sum buoody sleep.
Good niyte ta ya AK ER 43. Hope da snorz from balow dont be to anoyn for ya.
28.66
Arrrrrgh, fur sum reason I get'z dat ommminus feelin of impendin doom, deep in me belly !!!
No, hang'on, wait... mabie it'z that's im on de plankz, an I is eat'n shue ledder.
back on de boat azzi!
I'm thinken' de open'z gonna be a spekticle, upz or downs but prolly not juz sidewayz!
A heck ova lotta newz come out ova de week'n, n some ppl could looze deir noodle!
I hopez uz r all saif 'n well.
Oh, an 'Otel 46.... you be beetin me wif ya post count ag'en! +1
No, hang'on, wait... mabie it'z that's im on de plankz, an I is eat'n shue ledder.
back on de boat azzi!
I'm thinken' de open'z gonna be a spekticle, upz or downs but prolly not juz sidewayz!
A heck ova lotta newz come out ova de week'n, n some ppl could looze deir noodle!
I hopez uz r all saif 'n well.
Oh, an 'Otel 46.... you be beetin me wif ya post count ag'en! +1
Turk
Active Member
errol43 said:
Aye AK Errol 43!
Right on the money as always...
Break out the thumbscrews lads, I've got a feeling it's time we applied a little 'pressure' to our silver colleagues at JPM.
After all, they've just lost a few billion dollars they probably didn't deserve to have, and they are going to hand back $600M they 'borrowed' from the MF Global heist, so let's continue righting their many wrongs and see how their silver shorts are going.
The silver chart (below) shows a number of ongoing bullish features. That huge pennant (blue) is still showing up very nicely (gold has one too) with declining volumes and all the trimmings.
I've marked in (green) the strong trend line against which our ship has gently come to rest once again after a two-year separation.
I was expecting that last 'down leg' to not quite hit the bottom pennant line and you can see that we only got down to $26.73 then bounced.
I suspect we might now be bouncing off the strong trend line.
As you can see (in the orange circle) we now have both the pennant bottom AND the trend line under us so the price can probably only go up (albeit slowly!) from here!
(Of course JPM never cease to surprise us and anything could happen but this is just what the chart is saying quite clearly right now! We almost broke out the current pennant formation back in February, but JPM gave us their little "Leap Day Violation" to bring us back to our senses.)
Once the price breaks above the top (blue) pennant line we might see some upward acceleration in price heading back to find our old friends the 50DMA and 200DMA lines who are probably wondering what's become of us.
With the current chart set up I'm expecting us to see roughly one 'UP' day for every two 'DOWN' days (averaged over a week or so) - with the upper blue pennant line providing strong initial resistance when we get there.
But as you can see if you are putting on shorts there is very little wiggle room left. Something's gotta give.
Just for fun I've included a few of the 'horror' charts we've seen over the past 18 months. We might be seeing a few 'happy' charts over the next two months and of course QE3 is now fully planned and ready to be announced soon.
We have now had FIVE opportunities to buy at the sub-30 point over the past 18 months. It's boring for those who are waiting for the price to rise, but it probably means that many tens of thousands of new stackers worldwide were able to get onboard and preserve some of their wealth and that's good news.
The coming crash will certainly ignite PM prices but you will be spending your gains on a different planet.
SPOT : USD $ 29.35
And lets not forget the leverage in the paper silver market is something like 100 to 1, so every ounce of silver you stack has a 100 fold impact in the paper market.