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Big day for silver?

derrybderryb Posts: 36,793 ✭✭✭✭✭
in Precious Metals
In Wed. pre-market trading SLV up over 3.5% and AGQ up $16 from it's Tuesday low. Could this be the begining of a spot price rally?

Also looks like the equities markets have come back to their senses since yesterday's late head fake.

"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

Comments

  • ksammutksammut Posts: 1,074 ✭✭✭
    Hope so. My silver stocks have been hurting.
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  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭


    << <i>Hope so. My silver stocks have been hurting. >>




    +1 to that, but it will probably suck again today.
    theknowitalltroll;
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Glad I bought some 90% yesterday for the stack.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    So far...about a 2% jump.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,102 ✭✭✭✭✭
    Im not so sure the silver chart isnt beginning to look sickly.

    Still above the 50dma, but below the 20dma and below the May reaction peak. Momos did not comfirm the run to 40+. SLV showing pretty strong distribution the last week.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,359 ✭✭✭✭✭
    I am glad I am diversified in metals.

    Silver is looking weak to me. It cannot even approach $40 as gold moves towards $1,800.

    NO END IN SIGHT LIB $2.50'S CAC ONLY
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  • CoinCoinsCoinCoins Posts: 698 ✭✭✭
    what do you guys think of this graph.. apparently it was made 6/27/11. the numbers are off obviously, but..

    image
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>what do you guys think of this graph.. apparently it was made 6/27/11. the numbers are off obviously, but..

    >>



    I don't like it. It annoys my eyes.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I stared at if for five minutes and still couldn't see the dolphin.

    "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

  • SpoolySpooly Posts: 2,108 ✭✭✭


    << <i>Im not so sure the silver chart isnt beginning to look sickly.

    Still above the 50dma, but below the 20dma and below the May reaction peak. Momos did not comfirm the run to 40+. SLV showing pretty strong distribution the last week. >>




    I agree, its better to wait and see.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • lightcyclerlightcycler Posts: 546 ✭
    rojection is close to what I've been thinking will happen of course silver moved up to the 40 range before starting down shifting the date a while. In the end it won't matter as the long term silver chart will be parabolic up for the next few years.
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