 Watch Silver - #2: Dec. 2008 |
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 Jan 27 2010, 04:30 PM
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#2341
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 Tri-Centurion  Group: Members Posts: 863 Joined: 6-March 08 Member No.: 1,635  |
QUOTE (romans holiday @ Jan 27 2010, 02:16 PM)  ...../.... Edit: Before you mention it, yes, I did just buy some silver... just a nibble... I'm looking to "average in" on this downleg. This is less than ideal for me as was looking to keep a dollar reserve for the "big one" [rule/ regulation change at GM]. Will be raising dollar reserves at BV where there is no "must buy soon" policy.  good for you - i'm looking for this baby to turn; i had a wee nibble yesterday, but i was buying paper x2 (the plan is to buy the real stuff if i make paper profit - that's the plan  )disclaimer - my real stuff is staying put for now no matter what the comex price says! --------------------     |
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Jan 27 2010, 06:29 PM
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#2342
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 Millennium man Group: Members Posts: 1,884 Joined: 8-May 08 Member No.: 1,809 |
QUOTE (Wanderer @ Jan 26 2010, 05:30 PM) I'm no chartist, but my primitive understanding tells me that, with all those supports converging, we'll either (i) bounce belligerently or (ii) plummet precipitously. Has anyone had experience of using a combination of a short (with a stop loss) and a long (with a stop loss) to play this situation so that you win either way once a trend becomes clear? The US banned performing this on the same FX account in the US. I have never been able to successfully get a strategy using this method working for many different reasons but many claim that they have. I prefer to use an order to buy or sell when the price hits a certain point. Like all trading trying to perfect a new strategy can be difficult. -------------------- The market can stay irrational longer than you can stay solvent. - John Maynard Keynes
I must remember that investing is a marathon and not a sprint! |
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Jan 27 2010, 09:54 PM
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#2343
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 Tri-Millennium Guru Group: Administrators Posts: 7,586 Joined: 3-March 08 From: Fort Knox Member No.: 1,591 |
No violation yet.
-------------------- “Currency Produced Cost-Push Hyperinflation” vs “Demand-Pull (non-hyper) Inflation.”
The "no income --> no inflation"-thesis is as wrong as the "price control --> inflation control"-thesis. Don't TRADE gold! You might lose your shirt in the biggest bull run ever. That would be embarassing. © possibly by Swampy   Gold, silver, property, currencies, commodities charts. When to finally sell gold: read my thread THEORETICAL ASPECTS OF GOLD at GIM. |
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Jan 27 2010, 11:36 PM
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#2344
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Member Group: Members Posts: 81 Joined: 7-August 09 Member No.: 3,249 |
QUOTE (Wanderer @ Jan 26 2010, 05:30 PM) I'm no chartist, but my primitive understanding tells me that, with all those supports converging, we'll either (i) bounce belligerently or (ii) plummet precipitously. Has anyone had experience of using a combination of a short (with a stop loss) and a long (with a stop loss) to play this situation so that you win either way once a trend becomes clear? Hmmm, interesting thought wanderer. My broker allows hedging with the above technique, but Id5 is right, the strategy is fraught with danger. Your strategy is normally utilised just prior to a news release in order to catch the action and quickly close out the losing trade or at the end of a wedge formation perhaps. I'm not convinced that any move by silver will be so dramatic that you couldn't exit the losing trade manually. Using buy/sell limits is safer, as Id5 suggests. Nonetheless, I am sufficiently intriqued. I believe the technique warrants closer inspection and I have time on my hands. Perhaps, with the combined FX knowledge of GEI posters, a reworked strategy could be developed. Incidently, could anyone tell me if it's generally true that gold leads silver in an uptrend and silver leads gold in a downtrend or is it all about fundamentals? JL |
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Jan 28 2010, 09:03 AM
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#2345
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 Tri-Millennium Guru Group: Administrators Posts: 6,293 Joined: 16-June 08 From: The Southern Alps Member No.: 1,944 |
 As good a time as any to buy I suppose. -------------------- Hold on to your hats for hyper-deflation, where gold is King, silver Queen, major currencies the major pieces, and minor currencies and assets the pawns.
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Jan 28 2010, 02:13 PM
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#2346
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 Centurion Group: Members Posts: 183 Joined: 28-May 08 Member No.: 1,853 |
QUOTE (romans holiday @ Jan 28 2010, 10:03 AM) As good a time as any to buy I suppose. Dependent on enthusiasm. 
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Jan 28 2010, 02:21 PM
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#2347
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Tri-Millennium Guru Group: Administrators Posts: 6,293 Joined: 16-June 08 From: The Southern Alps Member No.: 1,944 |
QUOTE (huntergatherer @ Jan 28 2010, 11:13 PM) Dependent on enthusiasm. Had GM funds to get rid of. Looking good so far. -------------------- Hold on to your hats for hyper-deflation, where gold is King, silver Queen, major currencies the major pieces, and minor currencies and assets the pawns.
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Jan 28 2010, 02:36 PM
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#2348
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Tri-Millennium Guru Group: Administrators Posts: 7,586 Joined: 3-March 08 From: Fort Knox Member No.: 1,591 |
QUOTE (romans holiday @ Jan 28 2010, 02:21 PM) Had GM funds to get rid of. At least they force you to do the right thing.  It's almost like Swampy's ghost coming back biting your behind.  OK, just spouting nonsense here.
-------------------- “Currency Produced Cost-Push Hyperinflation” vs “Demand-Pull (non-hyper) Inflation.”
The "no income --> no inflation"-thesis is as wrong as the "price control --> inflation control"-thesis. Don't TRADE gold! You might lose your shirt in the biggest bull run ever. That would be embarassing. © possibly by Swampy Gold, silver, property, currencies, commodities charts. When to finally sell gold: read my thread THEORETICAL ASPECTS OF GOLD at GIM. |
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Jan 28 2010, 02:47 PM
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#2349
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Tri-Millennium Guru Group: Administrators Posts: 6,293 Joined: 16-June 08 From: The Southern Alps Member No.: 1,944 |
QUOTE (G0ldfinger @ Jan 28 2010, 11:36 PM) At least they force you to do the right thing. It's almost like Swampy's ghost coming back biting your behind. OK, just spouting nonsense here. Yeah, I'm not too concerned about it. But I won't be sending any more funds to GM.... will be sending future funds to BV and buy at my own dollar-holding leisure.
-------------------- Hold on to your hats for hyper-deflation, where gold is King, silver Queen, major currencies the major pieces, and minor currencies and assets the pawns.
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Jan 28 2010, 06:01 PM
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#2350
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Centurion Group: Members Posts: 183 Joined: 28-May 08 Member No.: 1,853 |
Ag below £10 oz @ £9.97 just now. Noticed low point of $15.99 reached!
Has not been that low for a little while. |
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Jan 29 2010, 01:09 AM
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#2351
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Tri-Millennium Guru Group: Administrators Posts: 6,293 Joined: 16-June 08 From: The Southern Alps Member No.: 1,944 |
QUOTE (huntergatherer @ Jan 29 2010, 03:01 AM) Ag below £10 oz @ £9.97 just now. Noticed low point of $15.99 reached! Has not been that low for a little while. Let's see if the long term trend holds. 
-------------------- Hold on to your hats for hyper-deflation, where gold is King, silver Queen, major currencies the major pieces, and minor currencies and assets the pawns.
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Jan 29 2010, 09:49 AM
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#2352
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Tri-Centurion Group: Members Posts: 863 Joined: 6-March 08 Member No.: 1,635 |
QUOTE (romans holiday @ Jan 29 2010, 01:09 AM) Let's see if the long term trend holds. here are two interpretations of the 15-month monthly trend (close of month price only) 
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Jan 29 2010, 10:09 AM
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#2353
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 Tri-Centurion Group: Members Posts: 673 Joined: 20-May 09 Member No.: 3,033 |
I traded some gold for silver the other day when I saw how low silver was. Damn thing's gone even lower!
Oh well.
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Jan 29 2010, 10:23 AM
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#2354
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Tri-Centurion Group: Members Posts: 863 Joined: 6-March 08 Member No.: 1,635 |
QUOTE (TrueNorth @ Jan 29 2010, 10:09 AM) I traded some gold for silver the other day when I saw how low silver was. Damn thing's gone even lower! Oh well. the upward breakout on the GSR (pixs chart below) could be very short-lived if gold takes off again from here - the effect on silver will be a sight to behold. The fate of silver rests in golds hands once again. 
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Jan 29 2010, 08:56 PM
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#2355
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 Tri-Centurion Group: Members Posts: 847 Joined: 13-December 07 From: London Member No.: 1,421 |
QUOTE (double-agent @ Jan 29 2010, 09:49 AM) here are two interpretations of the 15-month monthly trend (close of month price only) The first one. The second ones trendline isnt drawn correctly -------------------- “What experience and history teaches us is that people and governments have never learned anything from history, or acted on principles deduced from it”
Georg Wilhelm Friedrich Hegel (1770-1831) |
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Jan 30 2010, 03:34 AM
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#2356
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Tri-Millennium Guru Group: Administrators Posts: 6,293 Joined: 16-June 08 From: The Southern Alps Member No.: 1,944 |
Previous dip suggests a bottom around 15.50. If the long term trend holds, could be a good buying op.
 
-------------------- Hold on to your hats for hyper-deflation, where gold is King, silver Queen, major currencies the major pieces, and minor currencies and assets the pawns.
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Jan 30 2010, 11:06 AM
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#2357
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Centurion Group: Members Posts: 278 Joined: 18-June 09 Member No.: 3,124 |
QUOTE (romans holiday @ Jan 30 2010, 03:34 AM) Previous dip suggests a bottom around 15.50. If the long term trend holds, could be a good buying op. I actually agree with that. There were a lot of buyers around the $16 - $15.50 area in Sept/Oct 09. If I was light on Silver I'd certainly be buying around this area. Right now i'm keeping my guns out incase we go back to the old $12/$13 days. Not that I think it will make it...but just incase. I could well pull the trigger in this $16 - $15.50 area tho...it's going to be a very busy couple of weeks in the precious metals I feel! Good luck all! |
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Feb 1 2010, 01:04 AM
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#2358
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Tri-Millennium Guru Group: Administrators Posts: 7,586 Joined: 3-March 08 From: Fort Knox Member No.: 1,591 |
Anyone else intrigued by this chart? It seems as if the DJIA:Silver ratio could be a precursor of the Debt:GDP ratio. This could mean that we're possibly going to see unprecedented debt levels from here.
-------------------- “Currency Produced Cost-Push Hyperinflation” vs “Demand-Pull (non-hyper) Inflation.”
The "no income --> no inflation"-thesis is as wrong as the "price control --> inflation control"-thesis. Don't TRADE gold! You might lose your shirt in the biggest bull run ever. That would be embarassing. © possibly by Swampy Gold, silver, property, currencies, commodities charts. When to finally sell gold: read my thread THEORETICAL ASPECTS OF GOLD at GIM. |
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Feb 1 2010, 01:41 AM
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#2359
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 Tri-Centurion Group: Members Posts: 834 Joined: 14-March 08 From: Bessarabia Member No.: 1,669 |
Very interesting. I would guess - extrapolating by scale of roughly 2:1 - and difference is X1.5 or so, would be about 900%. Is it possible for it to actually get there before hyperinflation? -------------------- In a time of universal deceit, telling the truth is a revolutionary act. George Orwell
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Feb 1 2010, 09:33 AM
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#2360
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Tri-Centurion Group: Members Posts: 323 Joined: 8-June 08 Member No.: 1,897 |
that graph is a bit misleading GF - the large spike in 1933(ish) is due to the GDP shrinking massively, rather than the debt expolding - still doesn't mean the right hand side won't explode upward though.
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Lo-Fi Version | Time is now: 30th July 2010 - 01:29 PM |