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Is silver...

percybpercyb Posts: 3,324 ✭✭✭✭
in Precious Metals
Looks like silver is wagging that dog named gold these days. Nice move up percentage wise.
"Poets are the unacknowledged legislators of the world." PBShelley

Comments

  • SpoolySpooly Posts: 2,108 ✭✭✭
    A close over 36 will be nice.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    According to Peter Degraaf: "The supporting indicators are positive (green lines). A breakout at the blue arrow sets up a target at the green arrow."

    image

    "Silver in RFID chips (Radio Frequency Identification). Next generation RFID chips will feature a tiny antenna which will increase the range for scanning the chip from 5 meters to 15 meters. This silver will be in too small an amount to make it economically recoverable. The number of RFID chips will eventually be in the billions." ...David Morgan.



    "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

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    I'm just bummed my local/cash guy has been sick, as I would have picked up a nice chunk the past 6 weeks.
  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    Silver is expected to run to $38, then decline to the low $30's over the subsequent weeks.

    Liberty: Parent of Science & Industry

  • DoubleEagle59DoubleEagle59 Posts: 8,307 ✭✭✭✭✭


    << <i>Silver is expected to run to $38, then decline to the low $30's over the subsequent weeks. >>



    Then I would recommend you buy when it drops to $31.
    "Gold is money, and nothing else" (JP Morgan, 1912)

    "“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)

    "I only golf on days that end in 'Y'" (DE59)
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>

    << <i>Silver is expected to run to $38, then decline to the low $30's over the subsequent weeks. >>



    Then I would recommend you buy when it drops to $31. >>


    But first sell at $38.

    "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

  • NPD1078NPD1078 Posts: 110 ✭✭
    I guess it's time for you to sell then...
    NPD1078

    I have completed positive sales and purchses from the following members:
    jclovescoins, dpoole, dmarks, guysmiling, Ducky1100 , piecesofme, ericj96 ,Classof67, ModernCoin, MrOrganic, 53BKid, nychad10, GUINZO1975, derryb (3 times), PinkFloyd
  • OldEastsideOldEastside Posts: 4,602 ✭✭✭✭✭
    This is gonna be interesting today

    Steve
    Promote the Hobby
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Silver is expected to run to $38, then decline to the low $30's over the subsequent weeks.

    Can I depend on that?image

    I'd really rather "buy low" this next time.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Who's making it run is the question.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    Just picked up ~30 circ. silver dollars this morning at a great local dealer. Lovin' that silver.

    My crystal ball is broken; however, I recall that silver hit $50 in 1980 and again last summer, and now it's trading at $37. That's a thirty percent discount off its all-time high close, and actually if you adjust it for inflation, that 1980 close is something like $125-$150/ounce today. So I still think it's pretty cheap and has some legs to run.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    short term volatility in silver is a fact of life. This is what makes it a good (or bad) paper trading vehicle for the short term.

    "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

  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I will just keep stacking on the low points... Cheers, RickO
  • leothelyonleothelyon Posts: 8,459 ✭✭✭✭✭
    I'm not selling until the CME tells everyone to get out of the pool. image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    I'm cautiously buying, but not
    as much !!!
    Timbuk3
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    Well, looks like I'm going to sit this run out for a bit. Just took the cash I was going to throw at silver the past 6 weeks (but didn't) and paid off the truck a year early instead.

    The pirate in me is sad......just a little.image
    The cowboy in me is happy to see 3 nice steel horses in the stable free and clear though.image
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Just took the cash I was going to throw at silver the past 6 weeks (but didn't) and paid off the truck a year early instead.

    Good move, in my opinion!image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭


    << <i>Just took the cash I was going to throw at silver the past 6 weeks (but didn't) and paid off the truck a year early instead.

    Good move, in my opinion!image >>



    Me too, thanks!

    Was flip flopping on it since January honestly.
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    paying off debt is always a smart move.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • Kd5ddoKd5ddo Posts: 208 ✭
    I agree with the paying off of the truck... Good move
    Remember that the market can stay irrational longer than you can stay solvent.

    BSTs with: Coll3ctor, gsa1fan, mkman123, ajbauman, tydye, piecesofme, pursuitofliberty

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  • leothelyonleothelyon Posts: 8,459 ✭✭✭✭✭


    << <i>

    << <i>

    << <i>Silver is expected to run to $38, then decline to the low $30's over the subsequent weeks. >>



    Then I would recommend you buy when it drops to $31. >>


    But first sell at $38. >>



    image

    If Israel drops a bomb on you know who than I can expect $38. Heck, make that $58 by weeks end!

    Besides the CME, what's to drop it back to $31? Checking my crystal ball, that hasn't happen outside of CME margins.


    The real question at the top of my head is when to convert silver to gold as the ratio keeps dropping. And does Kitco double charge for that?

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,358 ✭✭✭✭✭
    image
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • BarndogBarndog Posts: 20,490 ✭✭✭✭✭


    << <i>The real question at the top of my head is when to convert silver to gold as the ratio keeps dropping >>



    I am trying to figure out the same for a portion of my silver holdings
    JR Newsletter Online Edition
  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Silver will treat you right. I'd keep it for now. (opinion only).
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • leothelyonleothelyon Posts: 8,459 ✭✭✭✭✭


    << <i>

    << <i>The real question at the top of my head is when to convert silver to gold as the ratio keeps dropping >>



    I am trying to figure out the same for a portion of my silver holdings >>



    Yeah but if gold's too high right now....... since silver is outperforming gold, if it's converting to silver, gold will drop or rise little and then it will work. I'm looking at 48 to 52 ag 1700 to 1825 au 35:1

    But I'm also reading about a major correction, perhaps $120 silver because there's less of it, there's more money going into it than gold and the industry cost would be slightly affected since it's used so sparingly thanks to the Hunt brothers. And it really needs to catch up to gold.

    And gold could be maxed out, reason for the conversion but will eventually exceed last year's record

    But this Iranian Pres. if he doesn't have the balls and comes to his senses........he showed his vulnerability when we let the cat out of the bag about their new nuclear plant. His expression was, "what? oh chit!" This will bring prices down on everything and we all kind of want that. Who's jumping for joy over $5.25 gas?


    Does my sense of reality exceed the average Joe's grasp on life or what?

    image

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭
    image

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


    << <i>paying off debt is always a smart move. >>



    I agree. Being debt free is, well, it's own reward.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • johnny9434johnny9434 Posts: 28,305 ✭✭✭✭✭


    << <i>paying off debt is always a smart move. >>

    imageimage
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    2012 may turn out to be a repeat of 2011. So far, with almost the same approx. time frames. If so, unload before June and be ready to dive in later.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭
    That's some top stuff, topstuff image

    It's all about what the people want...

  • leothelyonleothelyon Posts: 8,459 ✭✭✭✭✭


    << <i>image

    image >>



    They don't look like what I would expect for melt. If they're damaged is some way, ie; scratches, gouges, dings, lacklusters etc., they're likely non collectables. Am I right?

    The more qualities observed in a coin, the more desirable that coin becomes!

    My Jefferson Nickel Collection

  • SpoolySpooly Posts: 2,108 ✭✭✭
    Up 30% so far this year.
    Si vis pacem, para bellum

    In God We Trust.... all others pay in Gold and Silver!
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    Let's hope the panic to cover shorts continues into Wed. trading.

    "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

  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭


    << <i>According to Peter Degraaf: "The supporting indicators are positive (green lines). A breakout at the blue arrow sets up a target at the green arrow."

    image

    "Silver in RFID chips (Radio Frequency Identification). Next generation RFID chips will feature a tiny antenna which will increase the range for scanning the chip from 5 meters to 15 meters. This silver will be in too small an amount to make it economically recoverable. The number of RFID chips will eventually be in the billions." ...David Morgan. >>



    Thanks Derryb, I appreciate this post! He adds to the info base and to the charting techniques used.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭


    << <i>Let's hope the panic to cover shorts continues into Wed. trading. >>




    Looked like a panic to get the hell out of dodge.

    In the chart above, silver now below the 50wma. Lets see where she closes on Friday.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭


    << <i>

    << <i>Let's hope the panic to cover shorts continues into Wed. trading. >>




    Looked like a panic to get the hell out of dodge.

    In the chart above, silver now below the 50wma. Lets see where she closes on Friday. >>



    The down volume today in slv/gld was large. Very large. MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭


    << <i>

    << <i>

    << <i>Let's hope the panic to cover shorts continues into Wed. trading. >>




    Looked like a panic to get the hell out of dodge.

    In the chart above, silver now below the 50wma. Lets see where she closes on Friday. >>



    The down volume today in slv/gld was large. Very large. MJ >>



    Makes for a good wash out!
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • CCC2010CCC2010 Posts: 1,997 ✭✭✭


    << <i>

    << <i>

    << <i>

    << <i>Let's hope the panic to cover shorts continues into Wed. trading. >>




    Looked like a panic to get the hell out of dodge.

    In the chart above, silver now below the 50wma. Lets see where she closes on Friday. >>



    The down volume today in slv/gld was large. Very large. MJ >>



    Makes for a good wash out! >>



    Could you enlighten those of us who are not that knowledgeable like myself what this means?
    References:Coinsarefun,DerryB,Bloodman,Zubie,Gerard,Skyman,Bestclser1,Lakesammman,Yellowkid,PerryHall,Piecesofme,HTubbs,grote15
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  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭


    << <i>

    << <i>

    << <i>

    << <i>

    << <i>Let's hope the panic to cover shorts continues into Wed. trading. >>




    Looked like a panic to get the hell out of dodge.

    In the chart above, silver now below the 50wma. Lets see where she closes on Friday. >>



    The down volume today in slv/gld was large. Very large. MJ >>



    Makes for a good wash out! >>



    Could you enlighten those of us who are not that knowledgeable like myself what this means? >>



    If you were refering to "washout" It is a clearing away of the nearby stops and in this case the intermediate stops that paper traders put in place. AKA, Cleaning out the weak hands. I'm sure others could explain it better. This may help, a little long but worth itow_theory"> Trading Principles
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • percybpercyb Posts: 3,324 ✭✭✭✭
    Looked like end of the month profit taking to me. I'm presuming the uptrend will continue again 3-1.
    "Poets are the unacknowledged legislators of the world." PBShelley
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    I'm sorry that link didn't work and it wouldn't let me edit it, I'll try it one more timeow_theory">Trading principles
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    If that was profit taking I sure feel sorry for the guys willing to bail at 34.20 after buying over the past few days.

    Nah, I get your meaning, but that was sure... some kind of profit taking!

    I give up on the link above.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    launch mode? Going back in for more.

    "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

  • jmski52jmski52 Posts: 22,822 ✭✭✭✭✭
    Nice little recovery from the beat-down.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Boy, what a scare that was !!!
    Timbuk3
  • NumbersUsacomNumbersUsacom Posts: 1,457 ✭
    Some additional buying would be good to get us back over the 72 hour ema on the hourly chart, its just comming shy at its 2nd attempt(Silver May2012)
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
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