The thread for those thatare going to watch silver as the market opens

fishball said:
Even though the chart says its going up, hasn't it actually gone down from Friday closing of 31.2 aud?
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Check the Kitco chart. The goldprice.org one we're looking at new seems to start about 15 minutes later than the Kitco chart so you don't see the big drop from AUD$31.7something to sub AUD$30 that came just before the current upward spike.
 
fishball said:
Even though the chart says its going up, hasn't it actually gone down from Friday closing of 31.2 aud?
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Yep. It gapped down.
My .02: it'll fill gap back up to 31ish, drop back, sideways til Tue/Wed then another drop to 27ish by week close. Gap down again to open next week and then either: repeat of this movement to put it around 23-24 before steady recovery or: recovery starting from gap up.

Not buying just yet. Need to sell kidney first.
 
A very interesting perspective:

http://www.marketoracle.co.uk/Article30622.html

When we look at the 10Year Return for gold, we can see that those who bought gold 10 years ago, are now looking back at a return of 570%. That's a nice profit, but look at 1980. Those who bought gold in 1970 had made almost 2,000% by 1980. Compared to 1980, we are nowhere near a top in gold.
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sorry Au link, but it supports perspectives on silver as well I think
 
gbickle said:
If we are going to return to the long term chart support lines....

Gold low $1500 range
Silver $23ish

hmmm....
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Not sure Gold will fall below, 1620, bit I could see Silver dip that far. What we're seeing at the moment is the same thing we saw Friday; Gold rising and Ag sitting still or even falling. I don't pretend to know why, maybe some institutional Au buying?
 
hmmm

Futures live prices....

Time 0857hrs 0951hrs 1003hrs 1046hrs Now ..... This Afternoon
Australia 200 +28.6 +49 +53 +19 +3 .....
Wall Street +104 +111 +127 +58 +34 .....

This afternoon there might be big shocks and quakes in both equity markets and precious metals...
 
940palmtx said:
Man, Ag keeps flirting with breaking 30 like an old trucker with a toothless waitress at the Waffle House
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Thanks. I just launched hot tea out of my nose.
 
Finally...says the trucker.

I expect by the time NY opens, London will have taken a couple bucks off, maybe to 27, then who knows where we are by Monday close.
 
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