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Is the cat bouncing...

CoynCoyn Posts: 194
in Precious Metals
or are we beginning the uptrend.

Never underestimate the power of the paper printers to control.

Comments

  • fiveNdimefiveNdime Posts: 1,088 ✭✭
    is 'the' cat dead?
    seems to have landed on its feet... 9 lives and all
    BST transactions: guitarwes; glmmcowan; coiny; nibanny; messydesk
  • AhrensdadAhrensdad Posts: 2,583 ✭✭✭
    We'll find out Monday. I think this is a cat bouncing. With increased margin requirements coming next week, we could see another wave of selling.
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  • konsolekonsole Posts: 788 ✭✭✭


    << <i>We'll find out Monday. I think this is a cat bouncing. With increased margin requirements coming next week, we could see another wave of selling. >>



    considering that the margin raise on monday was already announced, don't you think traders might have priced it in already?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>

    << <i>We'll find out Monday. I think this is a cat bouncing. With increased margin requirements coming next week, we could see another wave of selling. >>



    considering that the margin raise on monday was already announced, don't you think traders might have priced it in already? >>



    Exactly. That was all factored in during Thursday's crushing drop. Now if they announce 2 more margin increases for later next week....well that would be different....lol
    I do think we're doing the "cat bouncing" right now. Don't know if the cat is dead or not...for now....just in a coma and being kept sedated.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • 1970SilverArt1970SilverArt Posts: 482 ✭


    << <i>We'll find out Monday. I think this is a cat bouncing. With increased margin requirements coming next week, we could see another wave of selling. >>



    I agree with this. I think that there will be more downside to come and silver will IMO will bottom out at $26 sometime this Summer (late June/early July).

    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • ttownttown Posts: 4,472 ✭✭✭
    The recent fall will more than likely form a base for the next move. The chart readers and those on Wall Street will be saying it's the end but is it? IMO NO, Wall Street and the US no longer controls the world. Both Silver and Gold are desired all around the world and is truly limited in nature unlike the ETF's.

    What I saw was the USD trying to keep above the .72 level and had a huge serge for some reason. Rather that was flight to softly or some intervention, more than likely both IMO. Gold's the key here or maybe Platinum if they hold then those metals will drive up demand of silver due to those playing ratios. I say physical is the only game in town now. Judging from Ebay they're still pay at least 10 bucks over paper silver for an ASE. Again I believe these are two different games and we're been seeing that for several years now on these dips.

    Say what you want but where is softly anymore. I think the world will vote PM's to protect their purchasing power and not any fiat currency in the end. Charts are good when Wall Street or the Banks are in control. Those moving averages are the result of those buy/sell programs that they all use in or near sync. Emotions always win out over charts that's why Wall Street never sees in coming. JPM must see it they're buying a ton of physical Platinum.

    This has never been a get rich quick type of thing but I think it will be fully under way by the end of the year or at least the next couple years max. Time will tell. Funny many havn't declared the stock market at it's end, after all this decade it's puked on itself losing half it's value. We're not even sniffing back to the levels in 1999.

    Time will tell but I really don't lose any sleep over my PM's at this time, really nothing has changed in the world yet and until that happens or is forced to happen I in. JMO
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Hold PM's...silver - and gold - are not done. $50 silver will be hit in the next two months. Cheers, RickO
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