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Poll: What will happen with Silver in first 24 hours after markets open?

OzzyAndyOzzyAndy Posts: 344
in Precious Metals
After the volatility of the last few days, where will do you think the price will be 1 day after open?

Starting spot price is $30.93 per ounce.

Still thinking of what to put in my signature...

Comments

  • ambro51ambro51 Posts: 13,775 ✭✭✭✭✭
    i dunno but selling my scrap silver at 50$ seems like a good idea now.
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I'm going with down because of the margin requirement hikes that weren't announced until after the market closed on Friday.

    "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

  • HaydenHayden Posts: 112
    I'm a bear on silver until its in the mid to low teens, but I'm thinking up $1-$4. Comex raises margins based on volatility, so any knowledgeable trader would of saw it coming with the huge swings in the market. Assets don't drop this much in price without finding some kind of, at least momentary, resistance. The silver bubble isn't popping in the next day.
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭
    Dead cat bounce.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • rickoricko Posts: 98,724 ✭✭✭✭✭


    << <i>Dead cat bounce >>



    Good one PerryHall.....(I know it is an accepted term, but humorously apropos here).... Cheers, RickO
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Trying to trade silver is like the 1980's arcade game Frogger.

    Derryb has a good point, but the other side of the coin is that any buyers will be more of the serious type buyers when the market opens, not the phantom paper trader types. I see another dollar or two loss on Monday.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • cone10cone10 Posts: 1,021
    There are sure a lot of polls today. Silver will be up tomorrow because I'm buying some off a friend.
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Silver will be down, because I bought on Thursday and Friday and did not wait for the "Dead cat bounce."image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • PerryHallPerryHall Posts: 46,111 ✭✭✭✭✭


    << <i>

    << <i>Dead cat bounce >>



    Good one PerryHall.....(I know it is an accepted term, but humorously apropos here).... Cheers, RickO >>



    The truth of the matter is I don't have a freakin idea wat will happen with silver but I figured since I'm usually wrong I may as well guess what I don't want to happen.image

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • 1970SilverArt1970SilverArt Posts: 482 ✭
    I think that silver will be down between $1-$2 when the the markets open up at 6PM.
    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • CoinCoinsCoinCoins Posts: 698 ✭✭✭


    << <i>until its in the mid to low teens >>



    i'll start killing random dogs in the neighborhood if that happens image
  • cladkingcladking Posts: 28,636 ✭✭✭✭✭
    I'm looking for a bounce at least up to $32.80 but after that all bets are off.

    So long as people believe that the government wants deflation look for a brief period when
    real money like green backs are the place to be followed by utter and total collapse within
    six months. Silver would drop to $5 an ounce and go to $5000 per ounce before the end of
    next year before they withdrew the dollar and the survivors used some new currency.

    I used to want to live in interesting times. image
    Tempus fugit.
  • LowBudgetLowBudget Posts: 383 ✭✭
    I was shocked to see it dropped so much in one week...I think down $1-4 is a good bet
    "I'm dropping my standards so that I can buy more"
  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    Wile E. Coyote just stepped off a cliff clutching an anvil.......
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Overseas action so far indicates..."down, down, down the burning ring of fire"
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BochimanBochiman Posts: 25,377 ✭✭✭✭✭
    I went into one of my local B&M shops yesterday. I bought a 5oz hockey puck (Olympic National Park) and was ok with the price, even if silver dropped a bit more, but there were a LOT of folks still buying it all up (SAEs were like hotcakes and going 40-60 at a time, as well as some other items). People were still selling their gold and silver ("Sorry, we aren't buying pearls at this time").

    I would have bought 2 2011 SAEs, if they had had them, but that was the extent of what I would buy (the hockey puck and 2 SAEs). They did not have any 2011 SAEs (they had a few hundred other year SAEs, couple hundred+ silver rounds in 1 oz, the 10oz and kilo Kookaburras and Australian Lunar (2000 dragon, etc). They were all spot+ (anywhere from +$1.50 to +$20 (the dragons).

    To me, see how things went on Thursday, and particularly Friday (I have always watched Friday markets close up a little as everytime I wanted to buy, they would close up for the weekend....only down when I wanted to sell at a show image ).

    So, I am thinking it will stay down another day or two.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • CaptHenwayCaptHenway Posts: 32,116 ✭✭✭✭✭
    Nice bounce going on right now.......
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • moonshinemoonshine Posts: 1,039 ✭✭
    bounce? not anymore .... Low TWENTY NINE.41 ..... when is last time it was that low? Anyone 'membah? I don't.

  • AnkurJAnkurJ Posts: 11,370 ✭✭✭✭


    << <i>bounce? not anymore .... Low TWENTY NINE.41 ..... when is last time it was that low? Anyone 'membah? I don't. >>



    Less than a year ago actually.
    All coins kept in bank vaults.
    PCGS Registries
    Box of 20
    SeaEagleCoins: 11/14/54-4/5/12. Miss you Larry!
  • RedHerringRedHerring Posts: 2,077 ✭
    Pt is at it's lowest point in over a year ($1551). Down 18% since Thursday........
  • LowBudgetLowBudget Posts: 383 ✭✭
    still dropping
    "I'm dropping my standards so that I can buy more"
  • OzzyAndyOzzyAndy Posts: 344
    Got down to about $26 image but has bounced to the $29-30 range.
    Still thinking of what to put in my signature...
  • keyman64keyman64 Posts: 15,506 ✭✭✭✭✭
    Looks like silver might open close to $2 DOWN!!!!! Gold indicating $26 DOWN right now.

    I imagine the silver buyers will jump in at some point...right? WOW!
    "If it's not fun, it's not worth it." - KeyMan64
    Looking for Top Pop Mercury Dime Varieties & High Grade Mercury Dime Toners. :smile:
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