Silver price levelling out?
- Thread starter SilverDJ
- Start date
yep anything ~1250-1270 is vulture territoryOrbit said:thatguy said:Gold needs to clear and hold above 1180 to be even remotely not massively bearish. Even if it manages to push through the bears are waiting, I know I am
I'm doing the same.. Maybe late December/January?
(unless we see 950-1088 first)...Silver is migrating further south to avoid the harsh American winter
SilverDJ
Well-Known Member
It seems that everyone on here is convinced that silver is going to plummet to circa $10. If that is the case, I take it everyone is selling all or most of their silver now in anticipation? 
Serious question though I guess, who is backing themselves and getting out now to buy back in at a lower price? And if not, why not?
Serious question though I guess, who is backing themselves and getting out now to buy back in at a lower price? And if not, why not?
Ghost Story
Well-Known Member
trading forum would suggest ?? most are holding ??
this is why we are gonna have December Frenzy sale from aust bullion dealers!
cant wait
cant wait
Alloy Troll
New Member
SilverDJ how long have you been trading commodities for?
SilverDJ said:It seems that everyone on here is convinced that silver is going to plummet to circa $10. If that is the case, I take it everyone is selling all or most of their silver now in anticipation?
Serious question though I guess, who is backing themselves and getting out now to buy back in at a lower price? And if not, why not?
Ask any dealer, folk are not selling back to them, most are holding.
Having said that, a few nice coins have been flushed out on eBay.
Edit
Who on earth sells? We are stackers. :lol:
Selling is a pain in the A
SilverDJ
Well-Known Member
Holdfast said:
Ok, lets take that as the default position.
That then raises the 2nd part of my question, are the people who are claiming it's going to plummet selling now?, and if not, why not?
True. But if you truly know it's going to drop, then why not sell now?
I can imagine it's safer to dollar cost average down of course and hedge your bet that way. But what if you really know it's going to plummet?
Is anyone so confident in that that they are selling most or all now?
I'm just curious if anyone is, nothing more implied at all.
Selling is a pain in the A
That I can understand, but what about those with paper silver?
Alloy Troll
New Member
all good.
There is no such thing as a base price, and no one knows what way the silver is going to go.
people that tell you theories are full of shit, there is no pattern, or anything like that. People will insist they see a trend in a pattern, these people are the womanless losers that have too much time on hand.
If I flip a coin 5 times and each time it comes out heads, then there is a pattern, anyone can see that... but on the next spin, there is still a 50% chance it will go either way... same thing with bullion.
there is some degree of variables that will make the price go up or down, and some can see it coming, but exactly when is almost impossible to tell. but yeah, forget bull shit excel spread sheets with coloured arrows.
Best of luck.
There is no such thing as a base price, and no one knows what way the silver is going to go.
people that tell you theories are full of shit, there is no pattern, or anything like that. People will insist they see a trend in a pattern, these people are the womanless losers that have too much time on hand.
If I flip a coin 5 times and each time it comes out heads, then there is a pattern, anyone can see that... but on the next spin, there is still a 50% chance it will go either way... same thing with bullion.
there is some degree of variables that will make the price go up or down, and some can see it coming, but exactly when is almost impossible to tell. but yeah, forget bull shit excel spread sheets with coloured arrows.
Best of luck.
SilverDJ
Well-Known Member
Alloy Troll said:
Sure.
But having been on here for only matter of weeks, all I seem to be seeing is people confidently predicting that silver will continue to plummet, and massively so.
Is pessimism (which can be optimism to a silver stacker I guess...) the norm around here? and as mentioned, is anyone ballsy enough to paper trade out now in anticipation of the predicted price collapse?
My nose of course tells me that people are just full of crap and have no real idea
SilverDJ said:
There's quite a lot of people on the forum that bought at a much higher spot price. It makes no sense to sell it all at $16 and buy back in at $14