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Wowzer ! Silver is on a roll tonight in overseas markets

KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

24 Hour spot Silver currently bid @ 16.16
Kitco Silver spot chart

Comments

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    The GSR reaching down into the 61.5 range during trading today indicated some silver strength to follow shortly. This move to $16.15 takes into the 60.9 range. Another new interim low. Gold should soon follow when the ratio expands back a bit.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    pls keep going up!
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  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭
    Never trust after hours trading.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • image

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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Gold moved up to touch $990 again in after hours trading as the GSR expanded and silver backed off. Looks like it's time to go trolling for stops again on Wed.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    > Never trust after hours trading.


    Silver and gold are 24 hour world markets, not quite simple "after hours trading."
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭


    << <i>> Never trust after hours trading.


    Silver and gold are 24 hour world markets, not quite simple "after hours trading." >>



    I know that. How does this sound? Never trust thinly traded markets where prices can be "manipulated" easier.image
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    > Never trust thinly traded markets


    LOL. That sounds like something an American would say. The rest of the world, outside the USA, isn't really all that significant image
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭


    << <i>> Never trust thinly traded markets


    LOL. That sounds like something an American would say. The rest of the world, outside the USA, isn't really all that significant image >>



    Well, obviously the rest of the world was wrong as they bid silver higher while the stupid Americans were sleeping. image

    And while I have expressed my deep concern and disappointment with current "happenings" in the USA, I am VERY HAPPY to call myself an AMERICAN.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    Nothing wrong with being an American. I wouldn't argue that point. However, we, as a people, tend to be very focused on ourselves, to the exclusion of other equally valid parts of the world. Most of us speak only one language. Many of us have never traveled outside the USA.

    I'm not so sure the overseas traders were wrong to bid silver up last night. It did well until the Brits got their hands on it.
  • CaptHenwayCaptHenway Posts: 32,232 ✭✭✭✭✭
    $15.47 right now........
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • cohodkcohodk Posts: 19,187 ✭✭✭✭✭


    << <i>Nothing wrong with being an American. I wouldn't argue that point. However, we, as a people, tend to be very focused on ourselves, to the exclusion of other equally valid parts of the world. Most of us speak only one language. Many of us have never traveled outside the USA.

    I'm not so sure the overseas traders were wrong to bid silver up last night. It did well until the Brits got their hands on it. >>




    Then I'll assume you were making a generaland not personal statement as you have no idea of my background.

    I think I could make a pretty persuasive argument that those who paid over $16 for silver are not too happy as it is down over 70c from those "overnight" prices.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • KentuckyJKentuckyJ Posts: 1,871 ✭✭✭

    > Then I'll assume you were making a generaland not personal statement

    Yes. There are something like 300 million (?) people living in the USA today. I think most of them, certainly a majority, will fit into my description.


    > I think I could make a pretty persuasive argument that those who paid over $16 for silver are not too happy

    Yes, depending on their motivation for buying the rise and time frame they plan to hold. Given time, this drop back down into the 15's won't even be remembered as a blip on the radar screen.

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    We should see the 14's on this leg down, and maybe 13's. But by the end of June I figure those who got in at $16 will be back in profit mode.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
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