Silver's going down, but how much lower?

TreasureHunter

TreasureHunter

Well-Known Member
Silver is dipping this Friday.

Bulls have weakened... More than a dollar fall.

sc_1.png


How low are you expecting it to go? :rolleyes:
 
I'm hoping..... Quoting Drake

"To the floor, to the floor
She took it to the floor"
 
But the question is, will it go lower than $20us and if so how much lower?

I've been holding off buying for a couple of weeks and may hold off a little longer to see how it all pans out.
 
Gigrantor said:
But the question is, will it go lower than $20us and if so how much lower?

I've been holding off buying for a couple of weeks and may hold off a little longer to see how it all pans out.
Click to expand...


Well if your feelings have had a high accuracy rate before then follow your feelings

Did your feelings tell you to buy a few weeks ago just before the price spiked upwards and did your feelings tell you to sell yesterday ?
 
trew said:
Gigrantor said:
But the question is, will it go lower than $20us and if so how much lower?

I've been holding off buying for a couple of weeks and may hold off a little longer to see how it all pans out.
Click to expand...


Well if your feelings have had a high accuracy rate before then follow your feelings

Did your feelings tell you to buy a few weeks ago just before the price spiked upwards and did your feelings tell you to sell yesterday ?
Click to expand...

My gut instinct told me to buy about 3 weeks ago just before the rise and the same instinct has been telling me to hold off buying until the price drops again.

I haven't sold anything as yet mainly because I would still rather have silver than paper.
 
Gigrantor said:
trew said:
Gigrantor said:
But the question is, will it go lower than $20us and if so how much lower?

I've been holding off buying for a couple of weeks and may hold off a little longer to see how it all pans out.
Click to expand...


Well if your feelings have had a high accuracy rate before then follow your feelings

Did your feelings tell you to buy a few weeks ago just before the price spiked upwards and did your feelings tell you to sell yesterday ?
Click to expand...

My gut instinct told me to buy about 3 weeks ago just before the rise and the same instinct has been telling me to hold off buying until the price drops again.

I haven't sold anything as yet mainly because I would still rather have silver than paper.
Click to expand...

instincts told you to buy at a 3 or 4 year low, and you decided not to...why?

So, what makes you think you'll buy again...when/if it hits $18?
 
Morning all,

looks like a standard breather to me - broke the up trend line is definitely a worry - aside from that we still have higher highs and higher lows.

I NEVER underestimate a broken trend line - but they aren't 100%.

If we lob between the two blue lines and then resume northward - all good. If we go north from here, right now - even better (bouncing apx. off the last high as support) .

If we do continue North - I can see a min. of around $28 US - maybe even $30 - one would think we would have a mental pause at $30 though for sure.

If we go below that bottom blue line clearly - hmmm, someone wake me please. Have a great day all. ------oh and btw, if we do resume uptrend and get above that trendline we have just broken --------------- I wouldn't waste time waiting for sub $20 - you best spend your time fishing :)

gazza

5847_silvernow.jpg
 
Well not sure if I hit it correctly or not but I made another purchase today.
We can only guess at what next week will bring and I have plenty of time to wait for my investment to grow.
 
Perfect opportunity to keep buying. Any purchase sub $27 in this current rising market is a bonus.

I believe all the indicators are in play to take it much higher before Easter. At the end of the US tax year there is usually a small selloff in order to capitalise, it will climb to Christmas, pause, then continue from the new year to Easter.

I intend to make a quick purchase first thing Monday morning before the Euro/US market kicks in. $28 this week was an early indication as to what to expect this coming week.
 
The first week of this price uptrend was first dominantly caused by Comex futures market contracts (that usually never get delivered / cancelled instead).
The second week the Comex share in the price uptrend significantly dropped.
And the last weeks COT report (20-27 august) their share crippled. Just 1100 contracts / 5.5 Moz more but the price was driven from $23.02 to $24.59, so $1.57 price dollars.
IShares sold some more shares and increased stock with 2.4 Moz.
US Mint sold 1.18 Moz.

All relative small amounts Moz, so it looks like some private / not obliged to report entities were loading up 1000 ounce bars.
Maybe the same that sold the $27 down to $22 in the couple days around mid april 2013.
 
You must log in or register to reply here.
Back
Top