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Friday smackdown ?

edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
in Precious Metals
I'm guessing gold gets a $35 haircut, and silver gets a $3 haircut.

What say you ?

Comments

  • MeltdownMeltdown Posts: 8,896 ✭✭✭✭✭
    I think the $50 barrier has got to be a strong number of resistance.
    I would bet on a $1.75 correction, but I don't think it will fall $3.

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  • derrybderryb Posts: 37,280 ✭✭✭✭✭
    The bad guys will have to give in........again, just hang in there.

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

  • WingsruleWingsrule Posts: 3,027 ✭✭✭✭
    I don't know, Fridays of late have generally been good for Ag.
  • chumleychumley Posts: 2,305 ✭✭✭✭
    $49.08 for a close
  • goingbrokegoingbroke Posts: 1,410
    $51.22 close
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  • akuracy503akuracy503 Posts: 1,923 ✭✭✭
    Interesting to say that is your hunch considering how Friday's have been the day of very strong closings and or new all time high's.
    I believe it was 8 weeks in a row that Fridays have closed on the upside, last week was a holiday (Good Friday).

    What makes this Friday different, Volumes have been very high on the ETF's

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  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    All PM's will be in green @ close 4-29-2011. After all there is a royal weddingimage
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  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Gold seems to be staging for the $1540-$1550 so I don't see any smackdown coming with that.

    Silver probably won't either. Seems to be headed to $51-$54 right now over the next week or so.

    Last Tuesday's and early Wed were the smackdowns to buy on.

    roadrunner
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  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I say 49.21 for slv tomorrow and gold at 1528.45

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  • pitbosspitboss Posts: 8,643 ✭✭✭

    I think gold will briefly break $50 tomorrow and then settle down to close around $49.75 for the weekend.
  • OzzyAndyOzzyAndy Posts: 344
    I think it will roughly hold above the $48 it's been roughly for the last 24 hours. And it won't break $50. Presuming the Royal wedding goes fine.
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  • jmski52jmski52 Posts: 23,060 ✭✭✭✭✭
    I'd be inclined to think that smackdowns don't matter too much for the duration. Nothing has changed.
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  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    No haircut so far (9:28 AM EST)
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  • roadrunnerroadrunner Posts: 28,313 ✭✭✭✭✭
    Comex Silver margins increaesed by 13%. Takes effects after today's trading.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 37,280 ✭✭✭✭✭
    OPA convinced them to keep it below $50. image

    Watch what happens every time it gets close. image

    Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards

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