Watch out below for Silver US$13

L

leon1998

Member
Even since silver spot broken below US$16 support; this level has become resistance. For the past few days, the resistance has been tested and it held down well.

If Silver is unable to break above this level, Watch out below! Silver might try to test previous low which was reached last year, US$13.66

Should that happen, gold will see US$900 or less.
 
silver kook said:
What percentage chance do you give it? What time frame are we looking at?
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Looks like Leon's fans just came out of the woodwork again ( Nice one Leon ! ). The $13 US does seem a tad low. If it does - there will be much gnashing of teeth followed by a lot of butthurt. Although silver and gold has made a moderate gain, it's still nothing to write home about ! If it gets over $23 AU, I just can't wait for those to crap their pants again with the prospect of silver skyrocketing to the moon again. I'm still looking at silver dipping to $21 AU in the early New Year then another moderate trend upwards.....Never say never to a Leon call. I'll make a prediction and see if "court jester" and "nugget hunter" make a appearance. I'll continue to buy some bullion in the early 2017 regardless if there is a drop or not even though it's currently a poor choice of investment / savings etc. Just don't put all your eggs in one basket. Talking about eggs do I need to get the eggs out again if Leon does get this call right ?. :lol: and :P

Ps- And for Christ sake Leon is talking about spot US DOLLARS not another currency.
 
April of course.
A dollar a month after the $17 revisit they'll leave some suckers left to enjoy buying...
 
Pirocco said:
April of course.
A dollar a month after the $17 revisit they'll leave some suckers left to enjoy buying...
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If it's a sucker that buys at USD $17, what do you call someone who was buying at USD $36? :(





.
 
His current prediction is quite possible as there is little obvious strength in gold and silver at the moment....considering all that has happened in the world.
 
mmissinglink said:
Pirocco said:
April of course.
A dollar a month after the $17 revisit they'll leave some suckers left to enjoy buying...
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If it's a sucker that buys at USD $17, what do you call someone who was buying at USD $36? :(
.
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A couple months ago, same question, same answer: a bigger sucker.
 
Nugget_Hunter said:
silversearcher said:
Ps- And for Christ sake Leon is talking about spot US DOLLARS not another currency.
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Then maybe Leon should keep his posts restricted to the USA-based threads ?
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I'd say that Leon and most US citizens think "THE USA" is the center of the Universe. Actually it is 100 % correct for Leon to make forecasts in US dollars ( as he does live there ). To the rest of the world Australia is a pissy little backwater where only a few people live and a few Kangaroos roam.

I almost forgot....Got half of my prediction correct...You did turn up on this post. :lol:
 
Although Silver stands above US$16, price movement has been very SHAKY. It appears that there is a force keeps whacking down Silver spot; so far the resistance is about US$16.25.

According to last weekly futures report, Swap dealers/Banksters are sitting on mountains of short positions in Silver contracts.

NO WONDER.
 
2016 was a simple story.

Price $14.
Dealers order a new stock.
Dealers take futures position to hedge it.
Price to $20.
Dealers sell stock at $20 to suckers.
Dealers dump futures positions.
Price to $14
Dealers order a new stock.
Repeat.
 
mmissinglink said:
Pirocco said:
April of course.
A dollar a month after the $17 revisit they'll leave some suckers left to enjoy buying...
Click to expand...



If it's a sucker that buys at USD $17, what do you call someone who was buying at USD $36? :(





.
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Probably new to the game and has been watching to many youtube videos by Maloney and Co.
I can really see how it happens.
When you first discover silver and gold and at the same time find these pumpers that say all the thing YOU WANT TO BELIEVE AS TRUE then it is easy to fall in the hole:)
 
^ Yes, I think you nailed it. For every willing buyer, there was a willing seller and never a shortage of supply that I'm aware of except for certain types of silver from some dealers. But I think one could have purchased virtually unlimited numbers of 100 oz silver bars all day long. The permabull pumptards knew better but still wickedly exploited those they shamelessly spewed their lies to.



.
 
Gullintanni said:
I can really see how it happens.
When you first discover silver and gold and at the same time find these pumpers that say all the thing YOU WANT TO BELIEVE AS TRUE then it is easy to fall in the hole:)
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Just look at how many copypaste / spread zerohedge articles across pm related places alike it's their main job.
Guess they needed / need enough willing suckers to achieve their "sell high".
The thing is, few actually search for and check the basis of the articles / claims.
It's for a reason that sites like ZH and silverdoctors contain nearly no (direct) links to the sources they cite. They do blue-color tag names of sources, suggesting clickable links, but they aren't.
And if they do mention a source, they don't link the article but just the main page.
Look at how many people here ask whether or not it's a good time to buy.
Asking third parties what to do with your money, is a recipe for disaster. Especially in zero sum markets.
 
I could have easily got sucked into all the hype around 2011 and the only saving grace was that i had been burnt in other enterprises in my youth that had a similar feel.
I know people that were buying the highs and got left with silver and gold that they ACTUALLY OWED MORE FOR than its current value.
The pumpers are shitbags that know exactly what strings to pull with the right audience.
And just like the bloody pokie machines many people that get into silver are there because money is at a premium and they are trying to provide for the future.
I know DYODD comes into it but in my mind there is a certain point where the PUMP is to much for those seeking betterment and you are getting taken advantage of .
So to get back to the guts of the thread i with have to side with leon on this as i think $14 is likely and $13 is only a small step away.
 
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