Have'nt seen silver at $28.00 + for awhile !!
Timbuk3
Posts: 11,658 ✭✭✭✭✭
What are your thoughts?
Timbuk3
0
Timbuk3
Posts: 11,658 ✭✭✭✭✭
Comments
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Got quoins?
<< <i>Breakout Time ! >>
I hope you're right.
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
With regards to $28 silver, I feel it's false hope yet again. This has happened before recently only to fall back to $26's, which does appear to be strong support. I still am not buying in any signifcant quantitiy and will sell every oz. i own if it gets to $35.
Probably not the popular opinion, but it's an honest one at least. I feel I have been manipulated too long I guess and if reaches my decent profit point, I will be out(for awhile) to reap the reward of my patience.
Piecesofme: Good affirmative. If that's good for you. I'm getting my 'base' done for long term. Then I'll see what I do shorter term afterwards, and will do some flipping from time to time.
<< <i>don't blink.
you blinked.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
AGEs:
$50-1oz nice,
$25-1/2oz mintstate,
$5-1/10oz proof
<< <i>
<< <i>don't blink.
you blinked. >>
<< <i>
<< <i>don't blink.
you blinked. >>
I don't know much about blinking other than I do a lot of it, but the Silver knockdown today was brought abought because it smacked its head against the 70 ema on the daily.
This is normal operation. To be back in a true uptrend the 28.00 must be breached and held. The weekly is looking good indicating pull backs on the daily may be a good buy. If we continue to break down then the weekly will turn negative again and the monthly is teetering right on the brink. This is an area that the bulls and bears are doing serious battle and a lot of indecision or absolute conviction is lacking in both.
She seems to be losing her luster
Done lost it about a year ago from my perspective. Only really been buying 2 things since...deals that are too good to pass up, or eye catchers like bars I've never seen before. I highly doubt silver will see $30 again if I live to be 90 (I'm 46). There might be one more once in a lifetime run in the next 45 years. Expecting anything else I feel is a happy place I just can't picture. Sorry, all jmho.
Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
Not trying to be a downer, just being realistic. Dont kill the messenger.
But I do agree with your central premise that silver is capped at $50 because it agrees with my own emotions: I'll start taking profits above about $35 and would sell most of it at $45, I would start to be a buyer below about $24 and would buy heavily below $15
Liberty: Parent of Science & Industry
I agree with those key points except for I would sell most at $35-40. I wouldn't wait on $45.
Now ya tell me... Ever? I'll take that $30 bet!
(messenger keep ur head down now...)
I'll sell silver on a good price to rotate to better stock.
That sounds like good buy numbers for the next cycle, -after the crash.
Derryb, get outta my head!
<< <i>I'm surprised that the "perma bulls" have not chimed in along with the "doomsday preppers." What is this Forum coming to?
Sorry, was at the store buying 90% since it's about to go to the moon.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>and I was stocking up on MREs >>
Good one....You better make it corn or soybean
I'll take the over on that.
Well don't blink
Too late!
It's merely my opinion.
we do need to breach this 70 ema as a confirmation of the weekly and monthly action. Still looks good to buy on any pull backs on the daily.
A note on the hourly... for months we could not get our head above the 72 hour ema and hold it for more than three days. In the most recent couple of weeks we have breached it and held for three days, lost it and now over it again, this is an indication that the bulls are beginning to win this battle at this price level 25-28. We need to rise above 28.50 and hold it and move on up from there.
As mentioned the daily is smacking its head for the third time on the 70 day ema and so we could see a little weakening, but it might have played its self out today. Look to buy on any pull backs.
I agree, that's about it in a nutshell. $28.50 might as well be $100 though the way it gets b-slapped back down each and every time it tries to overcome it.
My "prediction" from earlier in this post is still my sentiment. I'd love to be wrong, but so far I'm right. I know, it's a long road, but it's very hard to make anything when the waters are so stagnant.
30.00-30.70 is the next area to get through and hold above it. If we can do that then we will be witnessing a true break out. This base has been built over a few months so we have an excellent spring board to propel forward/upward from.
<< <i>Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
Not trying to be a downer, just being realistic. Dont kill the messenger. >>
<< <i>What? No one wants to admit they went for the head fake?
Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
Not trying to be a downer, just being realistic. Dont kill the messenger. >>
Saying silver will never get to $30 is the same thing as saying the US dollar index will never get to 80.
I'm honestly at a loss of words for both predictions.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>and I was stocking up on MREs >>
According to a Texas Judge yesterday you might need those MRE's sooner than you may think.
Did I not say all along that I hope that I am wrong? I REALLY wish people would read the WHOLE post when people post something here, and not just the part that they want to read, apparently over & over (and STILL not get it right lol).
What can I say, I expect nothing less. You gotta laugh when the jokes on you. Go ahead, yuck it up, have a good one on me. lol
So to the know it alls, where does it go from here. How about YOU go out on a limb and forecast what you think will happen?
I do not do well guessing except for one time.
Most of the time I am wrong.
Hear that! shhh, listen...
-The trees shaken out sellers.
-Writers typing up articles about predicting this and hype for tomorrow's publications (still chk spot before they press publish).
I'll happily predict it will keep 'creeping up overall' but erratic. This is just a teaser for Sept and beyond.
<< <i>lmao. I know some people have been chomping at the bit for $30 silver just so the can post here and say egg on my face lol. That tells me alot about those kind of people. All I can say is, hindsight is easy and, all the $26 and $27 Silver I bought could give a crap less
Did I not say all along that I hope that I am wrong? I REALLY wish people would read the WHOLE post when people post something here, and not just the part that they want to read, apparently over & over (and STILL not get it right lol).
What can I say, I expect nothing less. You gotta laugh when the jokes on you. Go ahead, yuck it up, have a good one on me. lol
So to the know it alls, where does it go from here. How about YOU go out on a limb and forecast what you think will happen? >>
I guess you mean me but if I had read your post a few days earlier, with all honesty, I would have replied exactly the way I did today.
My views on the price of PM's are well known on these boards.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>
<< <i>Silver aint ever gonna see $30 again, you (may have) heard it here first. Sorry to break the bad news.
Not trying to be a downer, just being realistic. Dont kill the messenger. >>
It will go up and down, much like the egg, except you will have a hell of a time removing all that silvery yolk!
Messenger still breathing. Relax.
For those that held and continue to hold, don't fret about the daily charts, way to go!
BTW, Sinclair is still the man.
I knew it would happen.
The "market makers" are testing the waters.
This 30.70 is an inportant area on both the monthly and weekly dec Silver. on the down side 30.55 would be the next expected support. We have spiked up rather fast and a little (few days or so) of consolidation is good.
The daily and the weekly Silver are looking like they want a little sideways channeling to happen right in this 30.55-31.00 range. The Monthly still appears solidly up, but with some resistance still at the 30.70- 31.20 level.
The next great place to buy is at 30.00 or just above, if it hits it.
*****Buyer beware in all commodities markets*******
want to let this run slide as in the past. We have smacked the 31.00 level 5 distinct times and met with sufficient selling to stop any futher upward movement, but again we have only had 2
visits to the 30.55 area. This so far is looking like a good buy area each time it visits, we may not see the 30.00 range. The sideways channeling is taking place and may continue through the
week (consolidation).
The monthly is still looking strong, but to remain so we eventually, over the next 3-4 weeks, need to push solidly over this 30.70-31.25 range, and into the 32.00 range for some more consolidation.
Anyone want to take a gander at the meaning of the explosive magnitude, and what if anything it is projecting into the future?
Looks like over the next week or more the 30.00 range (29.65) is our retrace target for this short term correction. The 30.55 area finally broke, this may take a while of 29.65-30.55 before we burst through the 30.70-31.20 level. You have to give it to the shorts, they don't lay down their weapons easy. They may retreat in the face of an onslaught, but they are good at regrouping choosing their stand and launching effective counter attacks. A tough opponent we have here.
The Weekly and Monthly dec Silver are still looking solid.
The dollar was hit inversely hard and looks like it wants to visit the 78-79 level again.