$21 may make some more physical available, but $25 then $35 are the points where the bigger majority are buried and would flood the market with product to mostly break even. Sure there's people here who are into it far less, but realize that they/we are the minority. There's a lot of 1 timers out there that bought heavy from $25 to $35 that are po'd and would sell it all if it got to that point just to get their $ back.
To forgive is to free a prisoner, and to discover that prisoner was you.
There's a lot of 1 timers out there that bought heavy from $25 to $35 that are po'd and would sell it all if it got to that point just to get their $ back.
I dunno. Isn't that true in most markets that have declined for awhile? The thing about silver is that it's not a huge market in terms of capital valuation, especially when compared to stocks and/or bonds.
When interest in the silver market is low, I tend to think it's a non-event. It's when interest starts to pick up - that the price moves big in a positive direction. The market psychology does seem to be changing now - favoring the metals a bit. We shall see...
TPTB have been really good at managing inflation expectations while QE'ing the stock market to all time highs. That is the crux of the debate around here - why haven't the metals benefited in the same way that stocks have obviously benefited from QE?
My opinion is that there are so many paper investment vehicles that hinge upon each other and are intertwined to the extent that it can never be unraveled. I think that the instigators are fully aware of the problems that have been caused with derivatives and that the only way to bandaid the problems is to create more paper fluff and to cover up the problems as they go. I also think that most of our former allies and trading partners know what's going on, and that many of them "want out". I think that when the unraveling does happen, all paper-based assets (and the people who own them) are going to be in serious do-do.
This is a problem that can't be solved until a devaluation/revaluation and legal house-cleaning takes place. It's a real problem, and it will come to affect people's view toward silver as real money at some point. My opinion.
Q: Are You Printing Money? Bernanke: Not Literally
"$21 may make some more physical available, but $25 then $35 are the points where the bigger majority are buried and would flood the market with product to mostly break even. Sure there's people here who are into it far less, but realize that they/we are the minority. There's a lot of 1 timers out there that bought heavy from $25 to $35 that are po'd and would sell it all if it got to that point just to get their $ back" POM
While there will be many sellers if/when we go through the different resistance points; don't forget the strong appeal to jump on the bandwagon. I believe new buyers will prove adequate, jumping on the train, before it leaves the station, to sustain a rally. Much like the last time. Take care. jws
So what's up with the down swings after the US closes in the afternoon? The rest of the world's markets are not able to keep up? Is this called resistance? I realize, for silver, it's only 30-45 cents difference but why don't the foreign markets keep the prices up?
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
Leo, the foreign market is thinly traded. Some would say, "easier to influence". Keeping that in mind, tonight may provide an opportunity. I'll be watching closely as the AMPEX prices follows the evening action. Something I often take advantage of. Take care. jws
Oil and silver prices are closely aligned in the long term. Does one see oil going up or down?
This very important chart points out the seriously overbought condition in silver when it's price exceeded the moving average of oil, followed by the sharp decline (correction) in silver price. I believe the chart is now showing us a seriously oversold condition in silver. Barring a rapid decline in oil I would not be at all surprised to see silver price pop above the silver price moving average; $30-35 by the end of the year is entirely possible. A rapid increase in oil could result in even more promising results. Keep an eye on oil (and what drives it) and you may very well have a good focus on silver. Keeping the other eye on the silver's inversely related dollar index will provide further insight. Watching silver alone will only make you a dollar short and a day late.
While RSI currently indicates short term silver declines, I now believe they will be short lived and have reversed my negative short term outlook for silver. Until effort to strengthen/protect the dollar is demonstrated (or when pigs fly) I remain long term bullish on all precious metals.
The decline from democracy to tyranny is both a natural and inevitable one.
Comments
The decline from democracy to tyranny is both a natural and inevitable one.
MY COINS FOR SALE AT https://www.pcgs.com/setregistry/collectors-showcase/other/bajjerfans-coins-sale/3876
Sure there's people here who are into it far less, but realize that they/we are the minority. There's a lot of 1 timers out there that bought heavy from $25 to $35 that are po'd and would sell it all if it got to that point just to get their $ back.
I dunno. Isn't that true in most markets that have declined for awhile? The thing about silver is that it's not a huge market in terms of capital valuation, especially when compared to stocks and/or bonds.
When interest in the silver market is low, I tend to think it's a non-event. It's when interest starts to pick up - that the price moves big in a positive direction. The market psychology does seem to be changing now - favoring the metals a bit. We shall see...
TPTB have been really good at managing inflation expectations while QE'ing the stock market to all time highs. That is the crux of the debate around here - why haven't the metals benefited in the same way that stocks have obviously benefited from QE?
My opinion is that there are so many paper investment vehicles that hinge upon each other and are intertwined to the extent that it can never be unraveled. I think that the instigators are fully aware of the problems that have been caused with derivatives and that the only way to bandaid the problems is to create more paper fluff and to cover up the problems as they go. I also think that most of our former allies and trading partners know what's going on, and that many of them "want out". I think that when the unraveling does happen, all paper-based assets (and the people who own them) are going to be in serious do-do.
This is a problem that can't be solved until a devaluation/revaluation and legal house-cleaning takes place. It's a real problem, and it will come to affect people's view toward silver as real money at some point. My opinion.
I knew it would happen.
Sure there's people here who are into it far less, but realize that they/we are the minority. There's a lot of 1 timers out there that bought heavy from $25 to $35 that are po'd and would sell it all if it got to that point just to get their $ back" POM
While there will be many sellers if/when we go through the different resistance points; don't forget the strong appeal to jump on the bandwagon. I believe new buyers will prove adequate, jumping on the train, before it leaves the station, to sustain a rally. Much like the last time. Take care. jws
<< <i>it will soon fall IMO. Take care. jws >>
"it will soon rise IMO" - I must have missed that post a few weeks back
Loves me some shiny!
Knowledge is the enemy of fear
$21.00 fell. Even a blind hog gets an acorn every now and then. . Come on $25.00. Take care. jws
The decline from democracy to tyranny is both a natural and inevitable one.
The decline from democracy to tyranny is both a natural and inevitable one.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
This very important chart points out the seriously overbought condition in silver when it's price exceeded the moving average of oil, followed by the sharp decline (correction) in silver price. I believe the chart is now showing us a seriously oversold condition in silver. Barring a rapid decline in oil I would not be at all surprised to see silver price pop above the silver price moving average; $30-35 by the end of the year is entirely possible. A rapid increase in oil could result in even more promising results. Keep an eye on oil (and what drives it) and you may very well have a good focus on silver. Keeping the other eye on the silver's inversely related dollar index will provide further insight. Watching silver alone will only make you a dollar short and a day late.
While RSI currently indicates short term silver declines, I now believe they will be short lived and have reversed my negative short term outlook for silver. Until effort to strengthen/protect the dollar is demonstrated (or when pigs fly) I remain long term bullish on all precious metals.
The decline from democracy to tyranny is both a natural and inevitable one.
The decline from democracy to tyranny is both a natural and inevitable one.