Silver Breakout

[Guest]

Wow. Nice move in the silver price. I think we can definitely confirm that silver has broken out of its downtrend.

Orly

http://forums.silverstackers.com/uploads/7513_tinfoil.png

Pardon?

 

[SpacePete]

Wow. Nice move in the silver price. I think we can definitely confirm that silver has broken out of its downtrend.

Orly

http://forums.silverstackers.com/uploads/7513_tinfoil.png

Pardon?

Court Jester has been licking frogs.

 

[BuggedOut]

Yes, really.

I know you've been banging on about sideways for a long time now and you haven't been wrong.......but the times, they are a changin'

 

[Guest]

It is a nice photo of CJ and his cat though

 

[Court Jester]

Yes, really.

I know you've been banging on about sideways for a long time now and you haven't been wrong.......but the times, they are a changin'

we will see, as I have said it will eventually rise but I dont think we are there yet.

 

[Porcello]

That cat seems to be on drugs.... What did he have for dinner?

 

[Holdfast]

19 April 2016

Shanghai introduces yuan-denominated gold benchmark price

The Shanghai Gold Exchange, the world's largest physical gold exchange, launched a yuan-denominated benchmark price on Tuesday in Shanghai, a measure that will benefit both China's domestic gold market and the global precious metals market.

http://www.chinadaily.com.cn/bizchina/2016-04/19/content_24663378.htm

 

[willrocks]

Nice jump. I wouldn't call it a breakout until it stays above $18 USD for at least a week.

 

[BuggedOut]

Nice jump. I wouldn't call it a breakout until it stays above $18 USD for at least a week.

Fair enough. It depends where you draw the trend lines. For me I'm looking at about 12 months historical and trend lines on that time scale are definitely broken that's why I call it a "breakout" (of the trend).

I give it maybe 48 hours before the next wave of silver pumper videos start coming out to confirm the breakout

 

[Krakked789]

I was thinking the manipulators would smack it down, but it just had another little jump!

What's the bet the manipulators will attempt a massive "correction"?

 

[shinymetal]

Yes, really.

I know you've been banging on about sideways for a long time now and you haven't been wrong.......but the times, they are a changin'

we will see, as I have said it will eventually rise but I don't think we are there yet.

you did say it would be this year thou.. and i hope you're right

maybe its the scotch talking but I think this is the year we may see high 20's low 30's AUD again.

 

[mmissinglink]

2016: the year of the Silver Phoenix.

Risen from the ashes to soar once again!




.

 

[alor]

no looking back from second on....>

 

[Gatito Bandito]

2016: the year of the Silver Phoenix.

Risen from the ashes to soar once again!

Wake me up when we finally crack $20 USD again..

 

[Silverpv]

I wouldn't call it a break out yet. It broke the threshold, but I'm not convinced its sustainable just yet. It's definitely very welcomed, but I'm cautiously optimistic.

 

[fiatphoney]

Slam down in 3,2, ... days I mean.

 

[Desire_Silver]

Do you all constantly buy? I try to make a purchase several times a month. Should I hold off and hold for a drop before buying? At what point do you stop buying?

 

[Nabullion Dynamite]

Looks good, I just want the 500oz House I was promised a few years back!

 

[sammysilver]

Do you all constantly buy? I try to make a purchase several times a month. Should I hold off and hold for a drop before buying? At what point do you stop buying?

Never stop buying. You may end up waiting for a dip that never comes.

 

[Court Jester]

Do you all constantly buy? I try to make a purchase several times a month. Should I hold off and hold for a drop before buying? At what point do you stop buying?

Never stop buying. You may end up waiting for a dip that never comes.

so why did you start a website selling your silver?

hypocrite much?