mmissinglink
Active Member
This is the week silver may drop below $20....get down on yer knees, silver!!! 
Week of Jun 16....dropping below $20???
- Thread starter mmissinglink
- Start date
Photonaware
Active Member
To quote in Asian speak - "FLUCK !"
We will go sideways for a week or two. And then, either the bottom is in and silver will start heading up again. Or we break through the bottom again, and make newer lows. But silver has already dropped a few times through support, if we break even lower I don't know if an even lower level would be possible.
Maybe we will start to go higher before pulling back again and continue this down trend. Who knows how it will play out exactly. Only time will tell. But I sure hope silver is going down in the 6months to a year minimum, so that I can start building up a reasonably sized stack.
Maybe we will start to go higher before pulling back again and continue this down trend. Who knows how it will play out exactly. Only time will tell. But I sure hope silver is going down in the 6months to a year minimum, so that I can start building up a reasonably sized stack.
Photonaware said:
My translation to Asian is "Phuck" must be from a different part of Asia.
As for silver going lower plenty will scream no, I notice you are a new member. Not saying your new to metals but many there remember silver pushing $50 so are licking their wounds. The same people would think silver is cheap at the moment and are adding to their stack.
Sargeant Argent
New Member
I sure hope not Im over waiting itd be nice to actually be in the green.
If the fed is still determined to taper QE and that's revealed tonight at the FOMC release, that should be enough to bring silver down to below $20, but I doubt that Bernanke will want to upset the markets too much and will be wording everything coming out of his mouth very carefully. Equity markets around the world are factoring in that there will be no tapering anytime soon.
Fat Freddy
New Member
Were you hungry again an hour later?Lurkalot said:
Also... Capt L---Congrats on your new goose avatar! It's much better (IMO) than the previous Hard-Squeezing-Red-Faced-Badly-Constipated Guy one!
On the question @ hand... I don't know. It's Tuesday, the NY exchange closed around 4 hours ago and right now we're still @ $21.66...
That's a fair amount of dropping left to do in 3 days flat. Maybe next week (?)...
Fat Freddy said:
That was Milo Kerrigan. An Australian icon
[youtube]http://www.youtube.com/watch?v=4FKAOwQG2Bo[/youtube]
"If the fed is still determined to taper QE and that's revealed tonight at the FOMC release, "
Good luck Bennie,
you better have a dammed good plan on how to pay the interest bill if you slow the printing
Someone has to wear the write off for Detroit - the first big one of many I suspect.
Now just how are you going to slow down easing again?
Arrh, that's right - stop spending on military, stop social security, education, health - all that stuff- but wait, that is the job of Congress.
Hmmmm, might as well stop paying the interest as well eh?
Someone better inform this boy -------------- if he slows QE, they are dead. If he speeds it up or keeps it up - they are dead. If inflation gets away - they are dead. Basically, if they do anything, they are dead.
So what will Ag. do?
Not a clue - but I do know this ----------- a block of Ag. will still be a block of Ag. in 1 or 2 years time ------------ as for a yankee dollar or bond?? --- well, they are too uncomfortable to use as dunny paper - and they stuff your septic -------------- I suppose you could use one of those brick makers and burn them to keep warm.
Go Benny.
Now I noticed one or two on or near this thread saying they would buy when Ag goes under $20 bucks ----------- what a good idea --- how much under?
When it is near the bottom of course! ----------------- Well my friends, I have got a small problem with that --------------- who is going to ring the bell when it bottoms?
How are you going to know it has bottomed?
Obviously, you 'might' be able to see a bottom after it has happened -- but then, will you buy when it is rising away from the bottom? Are you sure?
How far up from the 'bottom'?
How will you know it might not bottom and then range trade for years?
Will you just keep an eye on it for years?
Basically if one thinks like that then one waits for a rising Ag price - over a period -------------- and usually one then sits back and says "bugger, I could have bought it for ?? 6 months back - it is too expensive now for me, I will wait until it comes back".
Picking bottoms is only really good on the dunny.
have a great arvo
Gazza
Good luck Bennie,you better have a dammed good plan on how to pay the interest bill if you slow the printing
Someone has to wear the write off for Detroit - the first big one of many I suspect.
Now just how are you going to slow down easing again?
Arrh, that's right - stop spending on military, stop social security, education, health - all that stuff- but wait, that is the job of Congress.
Hmmmm, might as well stop paying the interest as well eh?
Someone better inform this boy -------------- if he slows QE, they are dead. If he speeds it up or keeps it up - they are dead. If inflation gets away - they are dead. Basically, if they do anything, they are dead.
So what will Ag. do?
Not a clue - but I do know this ----------- a block of Ag. will still be a block of Ag. in 1 or 2 years time ------------ as for a yankee dollar or bond?? --- well, they are too uncomfortable to use as dunny paper - and they stuff your septic -------------- I suppose you could use one of those brick makers and burn them to keep warm.
Go Benny.
Now I noticed one or two on or near this thread saying they would buy when Ag goes under $20 bucks ----------- what a good idea --- how much under?
When it is near the bottom of course! ----------------- Well my friends, I have got a small problem with that --------------- who is going to ring the bell when it bottoms?
How are you going to know it has bottomed?
Obviously, you 'might' be able to see a bottom after it has happened -- but then, will you buy when it is rising away from the bottom? Are you sure?
How far up from the 'bottom'?
How will you know it might not bottom and then range trade for years?
Will you just keep an eye on it for years?
Basically if one thinks like that then one waits for a rising Ag price - over a period -------------- and usually one then sits back and says "bugger, I could have bought it for ?? 6 months back - it is too expensive now for me, I will wait until it comes back".
Picking bottoms is only really good on the dunny.
have a great arvo
Gazza
[Kr]5s14d10
Member
So what you're saying is basically silver could go up again, or it could go down again?chrissilver said:
I'll keep that insightfulness in my notes :lol:
Within the next 30 years there is likely to be a collapse in the financial system. Might be soon, might be far. WHich will obviously cause the price of PMs to rocket.
But yea, it could move sideways for another 17 years, although it is unlikely. A move sideways would be nice, sideways and a gentle incline inline with inflation.
But yea, it could move sideways for another 17 years, although it is unlikely. A move sideways would be nice, sideways and a gentle incline inline with inflation.
http://www.zerohedge.com/news/2013-06-19/rick-santelli-rages-what-bernanke-so-afraid
Check out this rant lol xD
Check out this rant lol xD