Silver is parabolic - Trader Dan

Wolf359

Silver is blowing through upside resistance levels so quickly that is almost seems futile to list them. $30 now seems easily attainable given the ease with which it knifed through $27. Indeed, silver is moving in what can now be described as parabolic fashion based on the steep angle of ascent on the technical price charts. Open interest readings do not yet indicate a commercial signal failure is occurring but...

Sinclair's Mindset

BigRick

Just sold 40 Dec 60 Calls today.

What's that P.T. Barnum said?

rpw

What's that P.T. Barnum said?

“Every crowd has a silver lining.”

cladking

I told you there was no real resistance above $24.

There simply was no significant trade above these levels. Now metal is being bought and sold so
support levels will be formed on the way up but there is no real resistance. Prices will stall only when
the fundamentals don't support a higher price.

Wolf359

<< <i>Just sold 40 Dec 60 Calls today.

What's that P.T. Barnum said? >>



I have no idea what the hell you're talking about. Seriously, stick to the topic, thanks.

ProofCollection

Gold is parabolic as well, just not in the later stage that silver is in. Gold will be doing this in about a month.

mrearlygold

So, trying to think as clearly as possible, 1) is silver worth $50/oz ? 2) will silver see $50 an ounce? 3) Will silver be more than $50/oz at the end of 2011 ? 2012?


Thinking clealy is purely optional

Wolf359

Hey if you ask me, we could see it in a week because that ginormous short position in silver is about to collapse in a frenzy that will be heard around the world.

Or it may take a while...who knows.

DeutscherGeist

Pardon my ignorance of jargon, but when you use the term "parabolic" in PM prices, is it not the same as exponential growth, which is a steep rise too.

Parabolic to me sounds like a very steep rise, a peak and then a fall at the same rate it rose. Car headlamps use the parabolic design to spread out light from the source.

MrBear

Parabolic and exponential mean pretty much the same thing. Remember from Geometry that a parabola is defined by y=x^2. "x squared" is an exponential function.

The "bend" on the parabola is at the bottom, so they're saying that it's shooting to the moon!

(and I was kicking myself about four weeks ago when I bought a 100oz bar for $24+ right before it dropped by a buck. Almost bought another bar at that point, but didn't. Oops)

notwilight

Parabolic, exponential, ballistic...all terms used by laymen who don't really understand the math to mean up a lot. They might be trying to indicate other things but since they don't understand the terms, it's a guessing game.

In this case I think they are saying that the rate of increase in silver prices is increasing. That could be described mathematically many ways. A parabola has an increasing rate of increase, but the rate of increase can be vaired infinitely as well. So a flat chart can be cureve fitted to a parabola...or a hyperbola, thus perhaps all the hyperbole.

--Jerry

gsa1fan

googled this

Ciccio

<< <i>

googled this >>






...and now google this! Asymptotic