Silver seems to be recovering.. Is it really on the way up?

A

Annunaki

New Member
Hello Fellow Stackers,

Seems like Ag is recovering and everyone is talking about mega bounce..I'm a bit cautious and speaking from some friends in the industry it's not giving me confidence.

I'm waiting for another dip before it goes really crazy

Thoughts anyone?
 
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Yeah Ive got a feeling its a dead cat bounce, just feels like one last big dip to come to the $20's before we march up to $50+
 
Not a silver commentary but useful I think.

http://www.traderdannorcini.blogspot.com/

If you note the first blue level of resistance drawn in on the chart that comes in just shy of the $1640 level. Gold will need to push through this level and stay above it to give the bears a bit of unease who have been very confident of late. If the bulls can take this hill, then they have a legitimate shot at seeing price run back up towards $1680, which was a level commensurate with a former "gap and go" on the daily price chart. That level should bring in some selling and could stall any upward motion barring any fresh fundamental news.
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GFC2 hasn't properly started, the Dow didn't even drop under 10000, but at the first whiff of trouble silver dropped like, i dunno, something that drops really really really fast.


sorry but don't kid yourself; we're all doomed.
 
hennypenny said:
GFC2 hasn't properly started, the Dow didn't even drop under 10000, but at the first whiff of trouble silver dropped like, i dunno, something that drops really really really fast.


sorry but don't kid yourself; we're all doomed.
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Exactly my thoughts, silver got dropped with a bit of bad news, what happens when the actual SHTF happens
 
Annunaki said:
hennypenny said:
GFC2 hasn't properly started, the Dow didn't even drop under 10000, but at the first whiff of trouble silver dropped like, i dunno, something that drops really really really fast.


sorry but don't kid yourself; we're all doomed.
Click to expand...


Exactly my thoughts, silver got dropped with a bit of bad news, what happens when the actual SHTF happens
Click to expand...
Manipulation!

*tin foil hat goes on*
jnkmbx would be proud.
 
thatguy said:
going up WAY to fast for my liking, smells dead and feline
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This is hard to argue - 8:30pm, $1.41 gain in a few hours?! Oh My mate will be pissed I never brought for him...but will have to wait now
 
bought some yesterday.............got a feeling that its on the way further own......as per all the above comments......so will ride this out and buy more when it comes tumbling down again.......hehe
 
I bought 5 ozs at about 3:30 in the morning at 31.90 just in case. I had 32 targeted as a buy on the way up sooooo I did
 
It's so manipulated I've stopped being interested in short term predictions. I've learned to be long and stay long in thoughts, emotion and action. All this volatility is noise to me now....I'll take the excitement on the way up though :cool:
 
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