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$35 sure seems like a new ceiling for silver

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  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    Kudos to the OP. The claim is holding up for nearly 3 weeks. There's not much space between the floor and the ceiling, though.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>Kudos to the OP. The claim is holding up for nearly 3 weeks. There's not much space between the floor and the ceiling, though. >>



    image

    But, but wait till next week...I don't know why though image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,825 ✭✭✭✭✭

    "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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Taking into consideration of that Cartel dump, the metal has held up very nicely imo.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>and just to make sure it doesn't close the week over $35 >>



    I like the following comment from the above article.

    "Silver is a runaway train waiting to happen as the pent-up physical demand is simply breath-taking!"

    Lets hope it can finally "leave the station" next week.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    How is that not illegal, I just dont get it.

    Well after seeing that, I cant believe it did as well as it did today. Here is to hope... not the Obama hope tho image
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    It's only illegal if your last name is Hunt.

    "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

  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>

    << <i>and just to make sure it doesn't close the week over $35 >>



    I like the following comment from the above article.

    "Silver is a runaway train waiting to happen as the pent-up physical demand is simply breath-taking!"

    Lets hope it can finally "leave the station" next week. >>


    I've got until Dec. 31 for it to leave the station. 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

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Cartel dumping? You guys are so easily influenced.

    Some junior trader could easily trade those contracts.

    But I guess I we believe in ghosts then we will see ghosts.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Some junior trader could easily trade those contracts

    I would love to be juniors son if a junior trader can do that. The fees alone had to be more enormous than what probably some of make in a year. My calculator said wtf when I tried to figure it.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    So Silver ran up on the hype of QE3 being announced, ran up just a little bit more after actually being announced, and is now testing to see where the floor is since it's head has been in the clouds for 3 weeks+.
    I'll take some heat for this, I know, but this is a very cirtical point. Allowing for some profit taking which is happening, that may take it down to the low $30's, let's say $31-something. If it falls to the established floor of $28...after the announcement of QE3? That would not be in a very good position to be in.
    Let's hope this profit taking ends around $32.50 and does an about face and onto the next leg higher. If it doesn't, I'm re-evaluating everything.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>So Silver ran up on the hype of QE3 being announced, ran up just a little bit more after actually being announced, and is now testing to see where the floor is since it's head has been in the clouds for 3 weeks+.
    I'll take some heat for this, I know, but this is a very cirtical point. Allowing for some profit taking which is happening, that may take it down to the low $30's, let's say $31-something. If it falls to the established floor of $28...after the announcement of QE3? That would not be in a very good position to be in.
    Let's hope this profit taking ends around $32.50 and does an about face and onto the next leg higher. If it doesn't, I'm re-evaluating everything. >>


    If you're in silver you're in a good position. Stop sweating the daily moves unless you're looking for a buying dip. Today's a dip.

    "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: 19,143 ✭✭✭✭✭


    << <i>Some junior trader could easily trade those contracts

    I would love to be juniors son if a junior trader can do that. The fees alone had to be more enormous than what probably some of make in a year. My calculator said wtf when I tried to figure it. >>




    How much in fees did you calculate?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    And why does everyone assume there was MASSIVE selling to drive prices lower? It is clearly obvious that people have no idea how markets work or what a bid/ask ladder looks like.

    When there is a major news announcement such as on Friday, markets tend to be very thin before the numbers are released. For example, perhaps on a normal day there might be buyers of 20 contracts at every penny. But on a day like Friday, there might only be a buyer of 1 contract at every nickel. So if someone panics and presses the sell button on 20 contracts at the market, the price could easily fall a buck. But withing a minute or two, news is digested and the traders return. This is why you see big spikes higher and lower 10,000 contracts is not a lot, especially when one considers there are 100's of traders playing silver. And not every trade took place at the absolute low.

    I can trade a at $1.25/contract. So 10,000 contracts would cost me a whopping $12,500 in commissions. You still wanna be junior's son?



    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    It is clearly obvious that people have no idea how markets work or what a bid/ask ladder looks like
    can trade a at $1.25/contract. So 10,000 contracts would cost me a whopping $12,500 in commissions. You still wanna be junior's son?

    It's clearly obvious to me that you have no people skills not knowing how to talk in a civil manner, probably why you don't have a job, and have to trade for a living.
    Oh yeah, I forgot, you're forced to have to work from home image

    Why always so personal coho? Stings a little when it comes back at you, doesn't it? Your reaction will define if I'm right or not.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭

    And I will in fact answer your question. I would want to be junior of a person making a trade where they can afford to do a trade that has $12,500 in FEES attached to it. If a trade has that much attached to it, how much was the value of what was being traded worth?
    If a person can afford those to withstand those kinds of commissions in one trade, they are pretty darn well off. Therefore, I would love to be junior of that person.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>It is clearly obvious that people have no idea how markets work or what a bid/ask ladder looks like
    can trade a at $1.25/contract. So 10,000 contracts would cost me a whopping $12,500 in commissions. You still wanna be junior's son?

    It's clearly obvious to me that you have no people skills not knowing how to talk in a civil manner, probably why you don't have a job, and have to trade for a living.
    Oh yeah, I forgot, you're forced to have to work from home image

    Why always so personal coho? Stings a little when it comes back at you, doesn't it? Your reaction will define if I'm right or not. >>




    Where was the "personal" attack? I attack everyone equally.image

    So how much did you calculate the fees to be?

    And yes, trading from home, from the boat, from the mountains, from the beach, does suck. imageimage










    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    I'll vouch for cohodk, he's mean to everyone. 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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>I'll vouch for cohodk, he's mean to everyone. image >>



    Especially to over blown PM forecastersimage
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • jmski52jmski52 Posts: 22,863 ✭✭✭✭✭
    If cohodk attacks you, you ought to consider it a compliment.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Where was the "personal" attack?

    Maybe I took this the wrong way?
    It is clearly obvious that people have no idea how markets work
    You still wanna be junior's son?

    Since I was the one that brought up the "junior" thing, I took it to mean you were specifically saying, I have no idea how the markets work.
    I don't think I'm wrong in presuming that that was a shot at me.

    So how much did you calculate the fees to be?

    You did the math for me, $12,500. And I say again, anyone making a single trade that has $12.500 in comissions attached to it is pretty well off, and I would not mind being a "junior" to that person, who can afford to incur a large fee right off the top like that. Again, what was the value of what was being traded if the haircut fee is $12,500?
    Is a $12,500 fee not alot to you? If it isn't, then you're doing pretty well for yourself.

    trading from home, from the boat, from the mountains, from the beach, does suck
    Humility is not your strong suit, but expected from someone who trades for a living, so I shouldn't be surprised.

    You seem to mostly give the impression that your views are the only way to consider something, never ( I shouldn't say never, maybe hardly ever) considering any other thought or approach.
    Your always right and your way is always better. I work with a guy like that...no one can stand him. image Sorry, but if the shoe fits...
    I'm only calling you out the way you called me out, so maybe it's nothing personal after all lol.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • MsMorrisineMsMorrisine Posts: 33,091 ✭✭✭✭✭
    I think uncle ben will have to personally drop the cash from the helicopter to see silver stay over 38 as it has stayed over $30 lately.

    We may slip back to under $30 on dollar strength if the ROW starts to teeter on recession again.

    (thanks China)
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Is a $12,500 fee not alot to you

    $12k is a lot, but not if I am controlling 50 million ounces of silver. And If I sell that 50 million ounces for a 10c gain then I made $5 million. All of a sudden $12 grand doesnt sound like much, does it?


    My comment about not knowing the markets was a general view to anyone who makes posts citing blogs by people who have no clue.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Humility is not your strong suit, but expected from someone who trades for a living, so I shouldn't be surprised.

    Actually, im probably the most humble guy you've ever met. I'm sure after a beer with you I would be on the Christmas card list. image

    Your always right and your way is always better

    Funny how time usually proves this. image



    But seriously, humility is a traders best friend.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    And If I sell that 50 million ounces for a 10c gain then I made $5 million

    And I would want to be "junior" to that guy, point proven, thank you for making it for me.

    You initially said that a junior trader could've made the trade that derryb posted on Friday. Making that big of a trade is not one being made by a junior trader. I can't be any clearer about what I am try say. I would love to be the junior to a person incuring a $12k fee on one trade. That would be a very good life to live.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>And If I sell that 50 million ounces for a 10c gain then I made $5 million

    And I would want to be "junior" to that guy, point proven, thank you for making it for me.

    You initially said that a junior trader could've made the trade that derryb posted on Friday. Making that big of a trade is not one being made by a junior trader. I can't be any clearer about what I am try say. I would love to be the junior to a person incuring a $12k fee on one trade. That would be a very good life to live. >>




    Almost like working from home. image

    Junior traders routinely make $50 million trades. Its the Whales that you need to watch. Like the ones who make $50 billion trades.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    If junior traders make $50M trades, then I must not even be a glimmer in my fathers eye yet LOL.

    $50M of their own money, or money the are the manager of for someone else...has to be the latter, right?
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭
    I bought silver today. Probably have to sell some gold tomorrow to compensate for that move image
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Yes, they are helping to manage money for miners, hedge funds, banks, foundations, and private individuals.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • OperationButterOperationButter Posts: 1,672 ✭✭✭
    John Williams - Shadow Stats Interview

    Thought it was entertaining while listening at work
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • Glad you posted the JW interview OB.

    It was informative.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • OPAOPA Posts: 17,121 ✭✭✭✭✭
    No Cigars again this week. Any, intelligent and not wild, guess when we might break $35?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭


    << <i>No Cigars again this week. Any, intelligent and not wild, guess when we might break $35? >>




    2016 image

    Why not? Everyone is expecting imminently and virtually guaranteed, so what is the risk in sitting on the other side of the boat?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • tneigtneig Posts: 1,505 ✭✭✭


    << <i>No Cigars again this week. Any, intelligent and not wild, guess when we might break $35? >>



    Simply looking at the rolling hills of the chart this last year, we hit the $35. (The super highs of the previous year are now the unusual.)

    About another week~ will tell if the wheel rolled over the top of this hill and starting down again. That's ok, and a time to buy more, and I'll cost average buy on the way down with incoming money.

    The daily to weekly change is too close to follow. The lenght (at least) of the cycle pattern has some uniformity and something to consider.

    "Soon Enough" it will cycle back up and over $35! Because seriously, $35 is too cheap.
    COA
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    30 before 35

    35 not until after election

    "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

  • pursuitoflibertypursuitofliberty Posts: 6,929 ✭✭✭✭✭
    30 before 35

    35 not until after election


    I'll take the in-between ... no more sub-30 this year, and not before the election ... 35 again? I'd say 75% chance by the end of the year

    but, wth do I know image

    “We are only their care-takers,” he posed, “if we take good care of them, then centuries from now they may still be here … ”

    Todd - BHNC #242
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    30 before 35 is the lock bet of the year imo. Might as well make some paper money on the downside depending what it does Monday. I re-funded my trading account yesterday, hopefully will be able to make some cash on the down side starting Monday, because, we're headed down from here me thinks.
    I think shorting silver in the market is a better bet than buying more physical at this point.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,121 ✭✭✭✭✭


    << <i>30 before 35

    35 not until after election >>



    This is scary...for once I totally agree with derryb. image

    Watch is jump to $40 now in the next week.image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>

    << <i>30 before 35

    35 not until after election >>



    This is scary...for once I totally agree with derryb. image

    Watch is jump to $40 now in the next week.image >>


    50 by Christmas. 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

  • cohodkcohodk Posts: 19,143 ✭✭✭✭✭
    Anyone think $25 next year?
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • Hope ya all stocked up on Silver at the lows of the day today.
    NumbersUsa, FairUs, Alipac, CapsWeb, and TeamAmericaPac
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    rut roh! Looks like solid ground is being searched for in overseas trading. Could be something scary to wake up to Monday AM.
    I was actually hoping for a bounce so I could short SLV...still might do it tomorrow.
    After failing to build upon the high from all the QE hype, profit taking at every attempt once it reached $35-something (like 7 times I counted), spells a significant fall imo.
    Dont be surprised if the low $20's isn't where it ends at starting from here, where I called it about a month ago now.

    Tell me, what else can drive it to run from here? Nothing! QE-indefinite is announced and it can't continue to run? Silver is quickly losing it's shine now that Romney is leading the polls. Think the 2 aren't connected? Think again, (as Scotty from Star Terk use to say) look what's happening man! I've given it all shes's got man!
    To forgive is to free a prisoner, and to discover that prisoner was you.


  • << <i>
    After failing to build upon the high from all the QE hype, profit taking at every attempt once it reached $35-something (like 7 times I counted), spells a significant fall imo.
    Dont be surprised if the low $20's isn't where it ends at starting from here, where I called it about a month ago now.

    >>



    When silver failed to close above $35 on numerous times, that spelled trouble for silver IMO. I think that it will go down to the $30-$31 range this week and may eventually go down to under $30. I am also think that silver will retest the $26 support level before this year is over. Just my gut feeling speaking to me. image




    DISCLAIMER: I am NOT a '70's silver art bar expert but I try my best to play one on the Internet.
  • derrybderryb Posts: 36,825 ✭✭✭✭✭
    I'm expecting the buyers to jump in and put it back to $34 between 8 a.m. and noon on Monday.

    "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

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I'm expecting the buyers to jump in and put it back to $34 between 8 a.m. and noon on Monday.

    If that happens, I will most likely have pulled the trigger on a short of SLV. Stay tuned...
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • jdimmickjdimmick Posts: 9,676 ✭✭✭✭✭
    33 is coming first
  • derrybderryb Posts: 36,825 ✭✭✭✭✭


    << <i>33 is coming first >>


    The trigger for the new buyers

    "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

  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭
    Over the past month, the Dow is down ~2%, the S&P is down a little over 2%, NASDAQ is 4+% cheaper, and gold and silver are flat (including today's drop of less than 1%).
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Over the past month, the Dow is down ~2%, the S&P is down a little over 2%, NASDAQ is 4+% cheaper, and gold and silver are flat (including today's drop of less than 1%).

    What is the key word in that statement? It is, past.
    WR you have been excellent in your recent "predicitions" of silver. That said, what are you saying now, going forward for let's say the next month? I'm not asking for a specific number, a simple flat, up or down will suffice. tia
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • WingsruleWingsrule Posts: 3,011 ✭✭✭✭
    The close on 11/14/12: +/- $1.50 from right now ($33.23).
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