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HI HO SILVER, AWAY! - Good time to buy?

ProofCollectionProofCollection Posts: 6,119 ✭✭✭✭✭
in Precious Metals
Found this exhaustive analysis on silver which makes a pretty good point about silver getting ready to take off.

Hinde Capital Report

Looking at the daily chart going back a while, it appears we're approaching a great buy point. I think I'm a buyer anywhere near $17.75 in the next few days. Upside target would be the top of the channel in a few months, which would probably be about $24-25.

image

Comments

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Looks like it's hitting a top peak though...
  • cohodkcohodk Posts: 19,105 ✭✭✭✭✭
    I made similar comments about silver over a week ago. Mentioning a big move in the next 5-10 days. I think we're at about day 7 now. If it goes up then 21 is a minimum target. If it goes lower, then 15 is the first stop on its way to 12. Either way it wont be at 18 much longer.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • TWQGTWQG Posts: 3,145 ✭✭
    Looks like it's coming back to meet the 200dma tonight, then.....
    My eBay store
  • ProofCollectionProofCollection Posts: 6,119 ✭✭✭✭✭
    The news here wasn't the chart though - I just added that. The report is what I think is impressive, as they covered all different angles of the silver market. The chart just goes to show that the timing is near.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I think I'm a buyer anywhere near $17.75 >>



    PC .. Go for it ... I did ...image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Nice rebound...I hope others took advantage of the earlier drop & purchased silver. ProofCollection hit the "nail on the head" with his call.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
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