romans holiday Posted February 4, 2010 Report Share Posted February 4, 2010 Woosh. Support at $15.70. Then I'm $8.55 bid... That's the long term trend broken... I don't think such niceties will be observed in this market. The only certainty is volatility. Link to comment Share on other sites More sharing options...
HPCsoYESTERDAY Posted February 4, 2010 Report Share Posted February 4, 2010 That's the long term trend broken... I don't think such niceties will be observed in this market. The only certainty is volatility. 15.50 is support if you're splitting hairs Link to comment Share on other sites More sharing options...
chazza Posted February 4, 2010 Report Share Posted February 4, 2010 That's the long term trend broken... I don't think such niceties will be observed in this market. The only certainty is volatility. Splat! 233-day SMA at 15.50 - will bounce here surely. Im hoping for a bounce generally, more in the stock markets so i can add more shorts. EDIT: Also DXY testing 80 and gold at support at 1071 ish. If we dont bounce now, we never will Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 4, 2010 Report Share Posted February 4, 2010 I don't really have the money right now, but maybe I am going to buy some anyway. Link to comment Share on other sites More sharing options...
romans holiday Posted February 4, 2010 Report Share Posted February 4, 2010 Splat! 233-day SMA at 15.50 - will bounce here surely. Im hoping for a bounce generally, more in the stock markets so i can add more shorts. EDIT: Also DXY testing 80 and gold at support at 1071 ish. If we dont bounce now, we never will Silver could bounce here. But what is stopping these two from crossing? Link to comment Share on other sites More sharing options...
electroweak Posted February 4, 2010 Report Share Posted February 4, 2010 Silver could bounce here. But what is stopping these two from crossing? One thing's for sure... if it goes down from here, COMEX is gonna have a helluva time filling those delivery notices. Link to comment Share on other sites More sharing options...
TrueNorth Posted February 4, 2010 Report Share Posted February 4, 2010 I just bought some more silver. Link to comment Share on other sites More sharing options...
THEBIGMAN Posted February 4, 2010 Report Share Posted February 4, 2010 Strange things are afoot in the PM market... Link to comment Share on other sites More sharing options...
electroweak Posted February 4, 2010 Report Share Posted February 4, 2010 BEEP......BEEP......BEEP......BEEP...... CHSHHHH.... BUTFT (Back up the f*ing Truck!!!)...... I notice the Price of Silver (1kg bars) on CoininvestDirect has gone UP today. Silver Bullion, 1kg, Heraeus or other manufacturere / oder andere Hersteller £450.82 Link to comment Share on other sites More sharing options...
Jake Posted February 4, 2010 Report Share Posted February 4, 2010 BEEP......BEEP......BEEP......BEEP...... CHSHHHH.... BUTFT (Back up the f*ing Truck!!!)...... I notice the Price of Silver (1kg bars) on CoininvestDirect has gone UP today. Silver Bullion, 1kg, Heraeus or other manufacturere / oder andere Hersteller £450.82 BEEP......BEEP......BEEP......BEEP...... CHSHHHH.... BUTFT (Back up the f*ing Truck!!!)...... Till i read this... I notice the Price of Silver (1kg bars) on CoininvestDirect has gone UP today. Link to comment Share on other sites More sharing options...
electroweak Posted February 4, 2010 Report Share Posted February 4, 2010 One thing's for sure... if it goes down from here, COMEX is gonna have a helluva time filling those delivery notices. oops... was I right?? Link to comment Share on other sites More sharing options...
grumpy-old-man Posted February 4, 2010 Report Share Posted February 4, 2010 oops... was I right?? the disconnect is here between the paper & physical market at last ?? if only.............. gotta to happen some time though, now is a good a time as any.... plus poss shortages of physical ?? Link to comment Share on other sites More sharing options...
electroweak Posted February 4, 2010 Report Share Posted February 4, 2010 the disconnect is here between the paper & physical market at last ?? if only.............. gotta to happen some time though, now is a good a time as any.... plus poss shortages of physical ?? if only... but on the other hand....... http://www.cmegroup.com/trading/energy/files/Gold_Stocks.xls http://www.cmegroup.com/trading/energy/fil...lver_Stocks.xls GOLD TOTAL REGISTERED 1,611,644 SILVER TOTAL REGISTERED 47,389,387 Their registered stocks are going down.. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 4, 2010 Report Share Posted February 4, 2010 BEEP......BEEP......BEEP......BEEP...... CHSHHHH.... BUTFT (Back up the f*ing Truck!!!)...... Cr@p, I have high expenses this month and the next one or two as well. Darn it, I think I will buy some anyway. The annoying thing is that I would have the cash to back up the truck big time IF I wouldn't need it soon for the stuff that is coming up. I am very tempted... No one tell my wife please. Link to comment Share on other sites More sharing options...
romans holiday Posted February 5, 2010 Report Share Posted February 5, 2010 I just bought some more silver. Took a bite in my trading account at 15.28 Link to comment Share on other sites More sharing options...
romans holiday Posted February 5, 2010 Report Share Posted February 5, 2010 Started to buy here at 15.28. I've decided to buy in in three tiers; so now have a third in silver [not a lot of money as am still in the process of funding BV... and more just to get a feel for the BV system]. Maybe a bit early, and maybe reflecting a past habit of being overly bullish on silver. Needless to say, will be looking for bottom dollar prices for further purchases.... and a turn in the dollar index. Wouldn't be surprised to see the dollar start to consolidate at 80/81 if the past pattern is anything to go by. Link to comment Share on other sites More sharing options...
romans holiday Posted February 5, 2010 Report Share Posted February 5, 2010 On the other hand, and looking at the longer term, here is a very scary chart for silver. If gold consolidates to its long term trendline [to 1000] then silver could go a few dollars lower. It depends on how quickly it consolidates..... It depends on the dollar here, and whether the market can find a floor. If the dollar corrects, silver should turn up. If the dollar continues to strengthen and the market breaks again.... silver could take another beating. That said, silver looks to be the best thing in town to pick up on dollar weakness and market mood swings. I believe this chart shows gold strengthening against the dollar, whereas silver might just remain volatile. In this scenario, gold is the one to accumulate, and silver is the one for trading against the dollar. This doesn't bode too well for the ratio. It looks to be swinging back to 80... perhaps the trading channel will stay within 60 and 80..or even go to 90. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 5, 2010 Report Share Posted February 5, 2010 ... This doesn't bode too well for the ratio. It looks to be swinging back to 80... perhaps the trading channel will stay within 60 and 80..or even go to 90. See, that's why I asked the other day whether the break of the line in the Apx chart mattered. Link to comment Share on other sites More sharing options...
TrueNorth Posted February 5, 2010 Report Share Posted February 5, 2010 I bought some more this morning. I don't really care about a few pence in the price here or there. Bottom line is: the current price represents good value. Also, I bought loads in the 08 crash, and did very well, so if I have to pay a bit more than that for it now, I don't begrudge it. If it goes lower, I will buy more. I have learned from Stewart Thompson, at least somewhat. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 6, 2010 Report Share Posted February 6, 2010 Oh-oh, here she blows. Link to comment Share on other sites More sharing options...
G0ldfinger Posted February 6, 2010 Report Share Posted February 6, 2010 I hate to say it, but look at the most recent 5 dots (in red): we're filling gaps here. Link to comment Share on other sites More sharing options...
electroweak Posted February 7, 2010 Report Share Posted February 7, 2010 To me, last week's action felt very much like a capitulation bottom. I have just backed up the truck at GM for silver. I am buying here. Now. Link to comment Share on other sites More sharing options...
romans holiday Posted February 7, 2010 Report Share Posted February 7, 2010 To me, last week's action felt very much like a capitulation bottom. I have just backed up the truck at GM for silver. I am buying here. Now. Big call. Spending all your reserves here? Link to comment Share on other sites More sharing options...
electroweak Posted February 7, 2010 Report Share Posted February 7, 2010 Big call. Spending all your reserves here? Yes. I'm going all in now. (with spare cash) Link to comment Share on other sites More sharing options...
aliveandkicking Posted February 7, 2010 Report Share Posted February 7, 2010 Yes. I'm going all in now. (with spare cash) I will hope you are right since i just bought a house a month ago and already i am wondering what i have done with such terrible deflationary recessionary news all around. Stuff will not be worth much without demand. Last week you were wondering what was going on. It seems evident that stuff is not needed because the recovery is not truelly there outside a bit of inventory adjustment. Silver is just stuff Link to comment Share on other sites More sharing options...
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