Midterm Prospect: Silver going to test USD18.50/oz

leon1998 said:
Plan to long paper silver sometime later this week, preferably below USD17.

I see a run towards USD 18.50 /oz real soon. ;)
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18.69 USD right now :D This is crazy.

When will is test 100 USD? :lol:
 
Was going to buy more silver on monday.... Should I wait for it to go down? WILL it go down? :)

Have been watching it and cursing all week.
 
I think Cipher may have actually been referring in code to the silver spot here....


[youtube]http://www.youtube.com/watch?v=0-JJuHpfN5g[/youtube]




.
 
looking very good.

too hard to tell if it's just noise from recent chaos at the moment though. Really would like to see it climb towards $28AUD, then I'll be very intrigued.
 
Caput Lupinum said:
There's a major resistance area for silver between $18.50 and $18.75 so it could go a little further then there should be a pull back and re-testing a few times. I suspect anywhere down to as low as the low $17s or high $16s. Next breakout should occur around September or October.
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Completely f*ked up that call, not that I'm complaining. Went through major resistance like a knife through butter
 
silversearcher said:
Silence on this thread from some....Has been GOLDEN. :lol:
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True that.

Haven't heard anything from leon since he sold out at $18.40 :lol:
 
I couldn't help myself. :cool:

I shouldn't be such a douche 'cos it was a decent trade. I've sold my paper silver long today at around $19 USD too so will put my balls out there for chopping if it shoots through to $20 too. :o
 
Caput Lupinum said:
Caput Lupinum said:
There's a major resistance area for silver between $18.50 and $18.75 so it could go a little further then there should be a pull back and re-testing a few times. I suspect anywhere down to as low as the low $17s or high $16s. Next breakout should occur around September or October.
Click to expand...

Completely f*ked up that call, not that I'm complaining. Went through major resistance like a knife through butter
Click to expand...

I agreed with your comment about the resistance area for silver between $18.50 and $18.75 . Who would have seen this type of breakout occur. I think you may be right about September / October being a key date. And leaning towards lows of the $17s / $18s US may well happen particularly October. See what happens.
 
Caput Lupinum said:
Caput Lupinum said:
There's a major resistance area for silver between $18.50 and $18.75 so it could go a little further then there should be a pull back and re-testing a few times. I suspect anywhere down to as low as the low $17s or high $16s. Next breakout should occur around September or October.
Click to expand...

Completely f*ked up that call, not that I'm complaining. Went through major resistance like a knife through butter
Click to expand...

has been very hard to predict, sometimes you just have to sit back and watch.
Maybe I'm too pessimistic, but I have no confidence this is going to last.
 
Can't be too hard on yourself Caput. It is very difficult to call out pricing or timing targets so far out. Sometimes you just got to play whats in front of you and not look to far out.

So many variables in play at the moment anything further out than 2 weeks is pretty much guesswork IMHO. Just get the direction right and get in and out on the contrarian indicators when the market is overbought or oversold I reckon.
 
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