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Silver triple bottom

nibannynibanny Posts: 2,761 ✭
in Precious Metals
Calling the chartists. Does it make sense?

image
The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009

Comments

  • SpoolySpooly Posts: 2,108 ✭✭✭
    The silver chart doesn't look good.

    Silver Market Update & Chart
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  • streeterstreeter Posts: 4,312 ✭✭✭✭✭
    Silver at $25?

    Hey MJimage
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  • pf70collectorpf70collector Posts: 6,641 ✭✭✭
    My entry point is @ $22-$24. I have a enough silver and won't buy at current levels. Just two years 2008-2010 ago silver was hovering steady at around $19. If the stock market dives I think all PMs will dive too.
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  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Charts are interesting, however, they are records, not predictors. Cheers, RickO
  • JustacommemanJustacommeman Posts: 22,847 ✭✭✭✭✭
    That looks to be the classic three nipple chart. I will take door number two please. MJ
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  • derrybderryb Posts: 36,792 ✭✭✭✭✭
    volatility, all new comers should get used to it.

    The overdue correction to equities has started and unfortunately metals will initially suffer (as they usually do). Cash in those savings bonds and get ready.

    "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

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    Im just hoping it stops at 26 this go 'round.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • MercfanMercfan Posts: 700 ✭✭


    << <i>That looks to be the classic three nipple chart. I will take door number two please. MJ >>



    Yes, the green-line forecast has a distinctly bovine look.

    So I guess the chart is telling us that we should all be buying cattle futures?

    image

    image
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  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    The overdue correction to equities has started and unfortunately metals will initially suffer (as they usually do). Cash in those savings bonds and get ready.

    umm, forgive my ignorance and the inability to read minds image but get ready for what? More pain, then total elation come mid Summer or so and be handsomely rewarded for holding what is in hand now and adding on the forecasted buying opportunity?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭
    $18
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • nibannynibanny Posts: 2,761 ✭


    << <i>$18 >>



    imageimage:image
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • LukeMarshallLukeMarshall Posts: 1,982 ✭✭✭✭✭
    Looking at the chart, if it were to complete the upside down head and shoulders it looks like it may drop to 29, then a nice move to 40 image

    But what do I know...

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

  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    I can't see silver breaking very far into the 20's. There's way too many people sitting on the sidelines waiting and watching to jump in around $29. On the last large drop it bounced extremely hard off $28 in the Sunday asian market. There's a ton of support around there.
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  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I can't see silver breaking very far into the 20's. There's way too many people sitting on the sidelines waiting and watching to jump in around $29. On the last large drop it bounced extremely hard off $28 in the Sunday asian market. There's a ton of support around there

    I couldn't agree more without pounding the table.
    This action is nothing more than profit taking, and rightly so after last weeks intra day high breaking $37. One it wears off we'll find oursaelves leveling out around $29 and getting ready for another run to try and break $37. Hasn't anyone been paying attention the last 3-4 years? It's really becoming borderline predictable.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,792 ✭✭✭✭✭


    << <i>The overdue correction to equities has started and unfortunately metals will initially suffer (as they usually do). Cash in those savings bonds and get ready.

    umm, forgive my ignorance and the inability to read minds image but get ready for what? More pain, then total elation come mid Summer or so and be handsomely rewarded for holding what is in hand now and adding on the forecasted buying opportunity? >>



    to buy 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

  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i>

    << <i>That looks to be the classic three nipple chart. I will take door number two please. MJ >>



    Yes, the green-line forecast has a distinctly bovine look.

    So I guess the chart is telling us that we should all be buying cattle futures?

    image

    image >>



    Pork Bellies is where it's at ! ! !

    image

    HH
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  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭


    << <i>$18 >>



    Can I take the over on that one? Would also agree that it seems unlikely to get much past $30.
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  • BaleyBaley Posts: 22,660 ✭✭✭✭✭
    I been saying a long time: Silver $28 to $38.

    I will absolutely guarantee that it will stay in that range, right up until the moment it leaves that range.

    Bank on it! image

    Liberty: Parent of Science & Industry

  • cohodkcohodk Posts: 19,100 ✭✭✭✭✭


    << <i>

    << <i>$18 >>



    Can I take the over on that one? Would also agree that it seems unlikely to get much past $30. >>




    Mostly wishful thinking on my part. Im a buyer again at that level, but if it doesnt go there, well then there are plenty of other fish in the sea.

    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • pootshwanpootshwan Posts: 85 ✭✭
    If it hits $26 I'm reloading.

    Steve
    Frank Thomas collector
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