Its never a good sign for market open.
Great for buyers tho.
Great for buyers tho.
Okay, lets pick a Silver price for close of business in US on Monday 29 Dec
- Thread starter Oddjob
- Start date
betterinvestmentthanshare
Well-Known Member
Bounce
Weak shorts cover, Smack up.
(The serve)
Stronger shorts hold and pick up the slack, smack down. (The transfer)
The second gap up is probibly short stops getting blown. For which the stronger shorts now have a higher DCA high due to those bumped out who popped the price.
Dead cat bounce is the pattern were looking at next IMO.
Bulls vs bears; totaly an: "in your face" to the bulls now.
However. This game isnt over.
We pull out a break of the phi ( golden ratio) x previous ATH (1.618 x 50 = ~$81 usd)
By good margin.
We could end up with a triangle flag bumping up against 80 usd for a while.
Im still sticking to 121 AUD.
(The serve)
Stronger shorts hold and pick up the slack, smack down. (The transfer)
The second gap up is probibly short stops getting blown. For which the stronger shorts now have a higher DCA high due to those bumped out who popped the price.
Dead cat bounce is the pattern were looking at next IMO.
Bulls vs bears; totaly an: "in your face" to the bulls now.
However. This game isnt over.
We pull out a break of the phi ( golden ratio) x previous ATH (1.618 x 50 = ~$81 usd)
By good margin.
We could end up with a triangle flag bumping up against 80 usd for a while.
Im still sticking to 121 AUD.
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Yeah i suppose 10% everyday is alot to ask for.
I have no idea, maybe it’s just wishful thinking. If it spikes on opening and stays high tonight
Unsurprisingly $10.00+ price changes in small time frames. Clash of the Titans.
Looks like its getting bought right back up after that opening dump.
Ghost Story
Active Member
this stuff is going to crash hard-what my mate call it pump and dump lol sounds like my x wife 
$147 AUD is my guess (haha I know shouldn't have had rum so early lol)
Will be interesting to see now that the gap up has been back-tested
Will be interesting to see now that the gap up has been back-tested
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Ghost Story
Active Member
i just thought of something funny silver is like a narcissist its in the love bombing phase what comes after that 
im dirty i dont have more to sell sure not buying at this price if it goes up and stays up then so be it,
people are saying its not the same this time also sounds like going back to a toxic relationship.
sorry for the analogy's just having a bit of fun.
silver will always be the unstable alcoholic brother of gold
ok had my giggle sure are interesting times and we dont find out till after why.
im dirty i dont have more to sell sure not buying at this price if it goes up and stays up then so be it,
people are saying its not the same this time also sounds like going back to a toxic relationship.
sorry for the analogy's just having a bit of fun.
silver will always be the unstable alcoholic brother of gold
ok had my giggle sure are interesting times and we dont find out till after why.
deathandstaxes
New Member
125AUD
@ Ghost.
Your not wrong.
Obviously its going to go balistic and retrace while bullion dealers/shops are closed for christmas/new years too.
At least if it goes to 200 and then tanks back to 100, it wont directly burn new physical buyers.
Except their perceptions of direction.
However, tho we are clearly on the upper side of the moving averages, I dont see the kind of blow off like 2025 happening (and bringing a final Bull trap into play) unless the stars align on.
resolving Supply issues, War, USA QE, Comex Margins, Crypto shine, Inflation amd rates, Class Equality, AI safety and Technology breakthrough in Energy generation.
We get those, price falls and I think we'd all be pretty happy.
Till then its silver shout at the bar.
Your not wrong.
Obviously its going to go balistic and retrace while bullion dealers/shops are closed for christmas/new years too.
At least if it goes to 200 and then tanks back to 100, it wont directly burn new physical buyers.
Except their perceptions of direction.
However, tho we are clearly on the upper side of the moving averages, I dont see the kind of blow off like 2025 happening (and bringing a final Bull trap into play) unless the stars align on.
resolving Supply issues, War, USA QE, Comex Margins, Crypto shine, Inflation amd rates, Class Equality, AI safety and Technology breakthrough in Energy generation.
We get those, price falls and I think we'd all be pretty happy.
Till then its silver shout at the bar.
Comex raised margins from 22k to 25k? And it also lowered position limits.
This was destined to happened as it did during the last blow offs 1980 and 2011. Until demand for physical silver overrides the paper market authorities will control price to a significant degree. When that time will be who knows.
Combined with this overarching affect there is a temporary hope that the Ukraine/Russian war will end. This will no doubt bring a drop in prices. Something we should all hope for, for the sake of thousands or lives. It will be temporary but perhaps deep.
If a stock market crash occurs in the interim prices will drop significantly more.
Ultimately fundamentals in regard to debt will continue bringing fiat currencies lower. Population dynamics combined with AI and robots will likely bring a depression similar the effects of the Industrial Revolution and the combined effects of mechanisation.
Precious metals will maintain value to one degree or another. Hold onto your loved ones a lot tighter than you hold your precious metals.
Forgive the ramblings of one past his time.