Turd predicts ...

R

rbaggio

Active Member
Silver Stacker
We all should be very encouraged by the action in the metals today. As we discussed yesterday, the action in the silver pit is almost identical to the action of last Thursday and Friday. The only item of concern us that we made a lower low but all this means is that we're virtually assured of one more push down. I'm now going to attempt to predict the future so please bear with me:

1) Silver will now rally toward 36 and maybe even a little past.
2) It will roll over again and take one more stab down on less volume than seen today.
3) By tomorrow or early next week, it will trade back down to between 33 and 34.
4) This is our first real chance to buy in preparation for June.
5) When silver then rallies and exceeds the high from this move (today into tomorrow), wherever that ends up being, the official bottom will be in and we can begin to get more aggressive. When it trades back UP through the highs of Monday near 39.50, we can really go for it.

Src: http://tfmetalsreport.blogspot.com/2011/05/making-serious-progress.html
 
rbaggio said:
We all should be very encouraged by the action in the metals today. As we discussed yesterday, the action in the silver pit is almost identical to the action of last Thursday and Friday. The only item of concern us that we made a lower low but all this means is that we're virtually assured of one more push down. I'm now going to attempt to predict the future so please bear with me:

1) Silver will now rally toward 36 and maybe even a little past.
2) It will roll over again and take one more stab down on less volume than seen today.
3) By tomorrow or early next week, it will trade back down to between 33 and 34.
4) This is our first real chance to buy in preparation for June.
5) When silver then rallies and exceeds the high from this move (today into tomorrow), wherever that ends up being, the official bottom will be in and we can begin to get more aggressive. When it trades back UP through the highs of Monday near 39.50, we can really go for it.

Src: http://tfmetalsreport.blogspot.com/2011/05/making-serious-progress.html
Click to expand...
What happens in june? TIA
 
isnt june/july/end of financial year when governments restock on PMs? ie- a lot of orders for federal reserves are put in?
 
phillis said:
isnt june/july/end of financial year when governments restock on PMs? ie- a lot of orders for federal reserves are put in?
Click to expand...

Is that do you think why there is so little available at most of the dealers now? limited supply coming out of the mint in anticipation?
 
More likely demand simply exceeds supply. When you get people queuing for 2 hours to get into a Sydney dealer...

I was talking to a Melbourne dealer on Sunday - when the price of silver fell after Easter, there were just as many buyers snaffling everything up as sellers who were spooked by the price drop trying to lock in profits.
 
Hard to say end of June QE2 announcement and debt limit ceiling may still be a problem,lots of things going on.
 
June deliveries will be interesting. I am sensing this mega take down has been in the planning for a while. I smell a trap of some sought, I am going to hold regardless although I need fiat now.

The magnitude of this take down was much greater then January's take down which took 6 weeks to bounce back (take down of around 7 bucks USD). This was was in excess of $18 USD. I am expecting to see $40 silver by the end of June. My gut feel tells me this time its much different. I'm might be wrong, but I have a feeling this might be the last mega take down before it gets to run its course.

This obviously depends on how much physical there is at the Comex and also what happens with HKMex.

I welcome the lines at the delears, the more people that get in and take physical the better.

Slam
 
It all depends on QE? My strategy is to actually hold cash till QE2 runs out and then reevaluate. So basically I'm betting on NO QE. Wait for prices to crash and cash in as much as I can with fiat.
 
you cannot make predictions in a horribly manipulated market unless you have inside knowledge.

the stock market is rife with insider trading.
the property market is corrupt.
now PM....

i cant help but think its all a game for big players. we're cannon fodder..

still in the black, but dejected and demoralised.
 
silverfunk said:
silvers so mainstream now, i preferred when it was underground.
Click to expand...

REALLY??? Nah it isn't. Get them to put their money where their mouth is and take a florin in ANY shop. It ain't gonna happen. Savour the time right now.. if you think it's mainstream now, you're gonna get a hell of a fright when your coffee shop takes threepences and sixpences for some glory beans and bananas bread!
 
hobo-jo said:
Indeed hotel 46 and I've seen him make some good short term calls, but I suspect the audience he is dragging into Silver are not day traders and wouldn't drop positions like he would if warranted in the blink of an eye.

I do drop into his blog on occasion. If he could separte out the Blythe/conspiracist rubbish from his trading posts I would be a regular reader. I suspect it's these sorts of comments though that have afforded him a large audience.
Click to expand...

Agree with everything you said here! He makes great short-term calls, and he does get right into the conspiracy stuff (which makes great reading to me!) :P
 
PrettyPrettyShinyShiny said:
silverfunk said:
silvers so mainstream now, i preferred when it was underground.
Click to expand...

REALLY??? Nah it isn't. Get them to put their money where their mouth is and take a florin in ANY shop. It ain't gonna happen. Savour the time right now.. if you think it's mainstream now, you're gonna get a hell of a fright when your coffee shop takes threepences and sixpences for some glory beans and bananas bread!
Click to expand...

omg you didnt get that I was trying to be ironic and funny lol.

its like when you hear a new band and everyones like, I liked them when they were underground or not known now everyone listens to them.

haha but I like yr analogy.
 
silverfunk said:
PrettyPrettyShinyShiny said:
silverfunk said:
silvers so mainstream now, i preferred when it was underground.
Click to expand...

REALLY??? Nah it isn't. Get them to put their money where their mouth is and take a florin in ANY shop. It ain't gonna happen. Savour the time right now.. if you think it's mainstream now, you're gonna get a hell of a fright when your coffee shop takes threepences and sixpences for some glory beans and bananas bread!
Click to expand...

omg you didnt get that I was trying to be ironic and funny lol.

its like when you hear a new band and everyones like, I liked them when they were underground or not known now everyone listens to them.

haha but I like yr analogy.
Click to expand...


oops/ sorry dude! haha u need to put *sarcasm* up top ;)
 
MelbBrad said:
you cannot make predictions in a horribly manipulated market unless you have inside knowledge.

the stock market is rife with insider trading.
the property market is corrupt.
now PM....

i cant help but think its all a game for big players. we're cannon fodder..

still in the black, but dejected and demoralised.
Click to expand...

Its a casino where the odds are rigged to benefit the big players and banks, were just drawn in to gamble.
 
Wout said:
MelbBrad said:
you cannot make predictions in a horribly manipulated market unless you have inside knowledge.

the stock market is rife with insider trading.
the property market is corrupt.
now PM....

i cant help but think its all a game for big players. we're cannon fodder..

still in the black, but dejected and demoralised.
Click to expand...

Its a casino where the odds are rigged to benefit the big players and banks, were just drawn in to gamble.
Click to expand...
emotion2.jpg

http://www.mackensen.com/you-should-know/cycle-of-market-emotions-graphic.cfm

thanx for voicing your emotions guys
 
silverfunk said:
PrettyPrettyShinyShiny said:
silverfunk said:
silvers so mainstream now, i preferred when it was underground.
Click to expand...

REALLY??? Nah it isn't. Get them to put their money where their mouth is and take a florin in ANY shop. It ain't gonna happen. Savour the time right now.. if you think it's mainstream now, you're gonna get a hell of a fright when your coffee shop takes threepences and sixpences for some glory beans and bananas bread!
Click to expand...

omg you didnt get that I was trying to be ironic and funny lol.

its like when you hear a new band and everyones like, I liked them when they were underground or not known now everyone listens to them.

haha but I like yr analogy.
Click to expand...

its not obvious you were joking because you're among a sea of morons here who actually believe that
 
You must log in or register to reply here.
Back
Top