Silver hits $26 overnight - have we seen the end of the dip?
- Thread starter surferfc
- Start date
surferfc said:
That's the million dollar question...... or should I say the $26 question. I think it will stay around this level for awhile. I think traders are wanting to see a strong bottom before buying. For me a good sign would be commodities and stock markets getting weaker as Gold and Silver stayed where they are.
Im still deciding whether to wait a while or go back in now.. hmmm..
Sultan Pepper
Member
I always had a magical $300 for 10oz mark in my head, which oz is offering (+post).
However I thought it would take longer to get down to this $26-$27 mark, the sharp fall is leaving me a bit hesitant for the time being.
However I thought it would take longer to get down to this $26-$27 mark, the sharp fall is leaving me a bit hesitant for the time being.
)
Ghost Story
Active Member
if that graph stays true to form then its up from here lets see what happens? 
I'm not convinced this is the bottom.
I'd like to buy, but I'd rather cash up at moment and wait.
I'd like to buy, but I'd rather cash up at moment and wait.
I think the market will continue to push pm prices lower until there is a clearer understanding of the Greek effect.
I think investors will continue to seek the perceived safety of $US. This increases the $US stength and results on downward pessure on pm prices as they become more expensive to all other currency holders. It's all very ironic recognising the US debt situation.... If only currencies were traded on gold values as opposed to gold being traded on currency values...
Mr.G
I think investors will continue to seek the perceived safety of $US. This increases the $US stength and results on downward pessure on pm prices as they become more expensive to all other currency holders. It's all very ironic recognising the US debt situation.... If only currencies were traded on gold values as opposed to gold being traded on currency values...
Mr.G
I also doubt that it is the bottom at $26.
Wouldnt be surprised if it goes to $18 by the end of the year and it will sooner hit $18 than $34.
Wouldnt be surprised if it goes to $18 by the end of the year and it will sooner hit $18 than $34.
Ghost Story
Active Member
well i sort of think just buy in when you can waiting for bottoms can be a dangerous game if you miss it then what ?
That's EXACTLY how I saw the graphs.wrcmad said:
We're in downward trend.
1for1
Well-Known Member
Ill take Jim Roger's advice and go contrarion ... the opinion here seems to be going lower hence me jumping in.. we cant all be right... and usually the masses are wrong.. i like the logic of this over charts and long term fundamentals..
think what the money masters would do if everyone thought it still had some downwards price movement to go.. they would go long hard and slam all the shorters.. thats my logic anyway from the way i see silver traded in the short term.
1for1
think what the money masters would do if everyone thought it still had some downwards price movement to go.. they would go long hard and slam all the shorters.. thats my logic anyway from the way i see silver traded in the short term.
1for1