Home› Precious Metals

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: 8,789 ✭✭✭✭✭
    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.

    Click on this link to see my ebay listings.

  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    The bad guys will have to give in........again, just hang in there.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • WingsruleWingsrule Posts: 3,010 ✭✭✭✭
    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
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • 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

    CU Ancient Members badge member.

    Collection: https://flickr.com/photos/185200668@N06/albums

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    All PM's will be in green @ close 4-29-2011. After all there is a royal weddingimage
    Avid collector of GSA's.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    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
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I say 49.21 for slv tomorrow and gold at 1528.45

    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • 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.
    Still thinking of what to put in my signature...
  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    I'd be inclined to think that smackdowns don't matter too much for the duration. Nothing has changed.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • JCMhoustonJCMhouston Posts: 5,306 ✭✭✭
    No haircut so far (9:28 AM EST)
    JCM-Houston
    World Collection
    British Collection
    German States Collection
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    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: 36,793 ✭✭✭✭✭
    OPA convinced them to keep it below $50. image

    Watch what happens every time it gets close. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

Sign In or Register to comment.