Silver Charting and Silver TA Chat

Aengrod said:
Whats the reason?
Click to expand...

Probably a short covering rally but who knows

If you find out who was behind the big smackdown you might have a better idea of what is going on
 
Aengrod said:
Whats the reason?
Click to expand...

Just relieving a little bit of consolidation tension IMHO... :)

4088_silver3013426.png
 
1199_posf.jpg



NOTE: Looking at the 4 hours , DAILY or WEEKLY charts VOLUMES(15th and 16th of April) sell off and massibe volumes ...... TODAY's volume is "miniscule".. nonetheless it's significant IMHO.... no reason to jump in yet IMHO but, to take note and watch it closely....



Amazing run ! Very positive :) The biggest single-day jump in 15 months!

Could it be on the back of Barrick Gold announcement?


Pascua Lama was supposed to bring 700,000-800,000 oz of gold and 35 million oz of silver PER YEAR!


Barrick ponders suspending Pascua Lama Project permanently

Barrick Gold is considering suspending the Pascua Lama project or developing a smaller pit on the Argentinean side of the project, among other options, Barrick officials announced Wednesday.
"At Pascua Lama, we are working to address the environmental and other regulatory requirements on the Chilean side of the project," said Barrick CEO Jamie Sokalsky. "Concurrently, we are taking hard look at evaluating all alternatives in light of uncertainties associated with the suspension of construction in Chile
As a result of the court order, Barrick suspended construction activities in Chile, including work on the primary crusher and the Chilean side of the tunnel that moves ore from Chile to Argentina.


http://www.mineweb.com/mineweb/content/en/mineweb-gold-news?oid=187605&sn=Detail


All speculation here at the moment but, if we do see more volumes and some "metal data" tonight...it could be a turning point... ;)


cheers


TRADER10 :)
 
Gold did something weird at the same/similar time aswell. Had a 7 dollar spread on a 1 minute bar
 
Lunarowl said:
I'll take a jab: sell silver when it hits 25.60 (?)
Click to expand...
bingo... unless you have a bullish bent then wait to buy until it is over 25.60 (pref over $26.50)... really hard concept to wait to buy something at a more expensive price

Of course as time goes on that target diminishes
 
thatguy said:
Lunarowl said:
I'll take a jab: sell silver when it hits 25.60 (?)
Click to expand...
bingo... unless you have a bullish bent then wait to buy until it is over 25.60 (pref over $26.50)... really hard concept to wait to buy something at a more expensive price
Click to expand...


Your assuming that silver is dropping in a parabolic fashion which is never going to hold true because : -

I chucked those points into a calculator and got this quadratic equation = -0.17x + 0.3x + 34 = y

After chucking those values into a calculator we get silver will be 0 in dec this year.
 
volrathy said:
thatguy said:
Lunarowl said:
I'll take a jab: sell silver when it hits 25.60 (?)
Click to expand...
bingo... unless you have a bullish bent then wait to buy until it is over 25.60 (pref over $26.50)... really hard concept to wait to buy something at a more expensive price
Click to expand...


Your assuming that silver is dropping in a parabolic fashion which is never going to hold true because : -

I chucked those points into a calculator and got this quadratic equation = -0.17x + 0.3x + 34 = y

After chucking those values into a calculator we get silver will be 0 in dec this year.
Click to expand...
:D buzz on the worthless Ag
 
I'll wait till Dec then. Maybe I can build a silver plated house to take advantage of the anti bacterial property :P
 
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