What the F-Bomb is happening to silver?

wrcmad said:
Comper100 said:
The current extreme over sold conditions appear not to be phasing the selling right now. I certainly wont be shorting here however.
Click to expand...
What makes you say it is extremely oversold?
Click to expand...

Sorry based on how I trade. RSI (14) of 13 and soon to be lower is oversold. Also talking about the ETF too.

5QbTxRGT

Source:
 
I made my last purchase in a car park late one night in 2011. The next morning I witnessed the beginning of the crash : )

IMO if Yellen and co. start 'walking the talk' we're all fooked, and possibly for some time to come. My honest advice for a newbie would be to stand back and take a look at a long timeline chart of our silver price.
 
Court Jester said:
SilverPete said:
Court Jester said:
yep and all much much much much less than the current price, there is a long way down the price can still go

<--------------------------------------------------------- SIDEWAYS --------------------------------------------------------->
Click to expand...
Down? I thought you were saying sideways?
Click to expand...


I said it COULD go down I didnt say it WAS going to, but if you are basing your predictions on the cost of mining it it COULD go a long long long way further down before it hits the cost of actually producing the stuff, despite the morons here already bleating that it is allready below its production costs.

it COULD also go up but that is unlikely as well

I see it doing not much for the foreseeable future, I have not started singing a different tune in this regards
Click to expand...


visionary
 
You must log in or register to reply here.
Back
Top