Base Metal & Precious Metals Forum
https://realcent.org/
Posted: Sun May 19, 2013 5:54 pm
Posted: Sun May 19, 2013 5:55 pmRodebaugh wrote:See you at 18.
Posted: Sun May 19, 2013 5:55 pmRodebaugh wrote:See you at 18.
Posted: Sun May 19, 2013 6:05 pmCountry wrote:Rodebaugh wrote:See you at 18.
What are YOUR plans when it gets to $18 ?
Posted: Sun May 19, 2013 6:12 pmRodebaugh wrote:Country wrote:Rodebaugh wrote:See you at 18.
What are YOUR plans when it gets to $18 ?
MY plans never change. Always buying.... always selling.
However, If I was going to dump fresh FRN into the system then I would do so at price points broken.
Example:
Spot hits $20.....Buy 20 ounces
Spot hits $19.....Buy 30 ounces
Spot hits $18.....Buy 40 ounces
ect
Posted: Sun May 19, 2013 6:14 pm
Posted: Sun May 19, 2013 6:21 pmRodebaugh wrote:Just an example.
Posted: Sun May 19, 2013 6:25 pmPosted: Sun May 19, 2013 11:31 pmPosted: Sun May 19, 2013 11:41 pmInfleXion wrote:Japan is the poster child for what Keynesianism leads to. They've been at it since the 90s.
Yen triggers stops at 102, and silver sells off? Who says silver ain't money
Posted: Mon May 20, 2013 1:51 amPosted: Mon May 20, 2013 2:15 amcesariojpn wrote:Come on $5 silver.....
Course I have to wonder.....with all those Gold Buyers that popped up in the last few years, could they have screwed the pooch by "Increasing" the supply unintentionally?
Posted: Mon May 20, 2013 11:11 amscyther wrote:We can only hope that people will start buying more gold jewelry and silverware if the price goes cheaper, but I have a feeling that won't happen...
Posted: Mon May 20, 2013 12:22 pmInfleXion wrote:scyther wrote:We can only hope that people will start buying more gold jewelry and silverware if the price goes cheaper, but I have a feeling that won't happen...
Demand and premiums in Asia were already at multi-year highs last week before we saw $21 silver. Chinese gold imports in March were a monthly record and nearly double the previous monthly record. We have yet to see how things will shake out for April and May since that March number was with silver at $28 and gold at $1600! Whether people in the US will get the memo, I'm not convinced one way or the other, but the vastly larger populations in the East are pulling enough weight for the rest of us.
http://www.reuters.com/article/2013/05/ ... 0320130516
Posted: Mon May 20, 2013 1:05 pmscyther wrote:InfleXion wrote:scyther wrote:We can only hope that people will start buying more gold jewelry and silverware if the price goes cheaper, but I have a feeling that won't happen...
Demand and premiums in Asia were already at multi-year highs last week before we saw $21 silver. Chinese gold imports in March were a monthly record and nearly double the previous monthly record. We have yet to see how things will shake out for April and May since that March number was with silver at $28 and gold at $1600! Whether people in the US will get the memo, I'm not convinced one way or the other, but the vastly larger populations in the East are pulling enough weight for the rest of us.
http://www.reuters.com/article/2013/05/ ... 0320130516
The middle class populations in the East aren't much higher (if at all) than the US. The poor don't buy too much gold.
Posted: Mon May 20, 2013 2:04 pm 
Posted: Mon May 20, 2013 2:44 pmPosted: Mon May 20, 2013 2:52 pmCountry wrote:(follow through is necessary - 3 STRONG CONSEQUTIVE "SENTINEL" DAYS - to make this the completion of the 2011 correction... )
Posted: Mon May 20, 2013 3:37 pmInfleXion wrote:Country wrote:(follow through is necessary - 3 STRONG CONSEQUTIVE "SENTINEL" DAYS - to make this the completion of the 2011 correction... )
Can you elaborate on the 3 sentinel days? I don't recall hearing that in 2011.
Posted: Mon May 20, 2013 5:33 pmCardsNCoins wrote:Doc sure is quick to change the title of this thread when silver is plummeting, but there always seems to be a molar that needs extracting when it's heading North.
Posted: Mon May 20, 2013 7:09 pmCardsNCoins wrote:Doc sure is quick to change the title of this thread when silver is plummeting, but there always seems to be a molar that needs extracting when it's heading North.
Posted: Tue May 21, 2013 2:36 pmCountry wrote:InfleXion wrote:Country wrote:(follow through is necessary - 3 STRONG CONSEQUTIVE "SENTINEL" DAYS - to make this the completion of the 2011 correction... )
Can you elaborate on the 3 sentinel days? I don't recall hearing that in 2011.
http://www.traderslog.com/three-soldiers-candlestick-2/
Strong followthrough is needed to put some distance from the low point. 3 strong up days - significant appreciation - to put fear in the shorts who think that is the "no-brainer" trade. Also, BULLs need to regain courage and enthusiasm. I think price movement is strongly related to sentiment, more so than fundamentals.
Posted: Tue May 21, 2013 7:40 pmPosted: Wed May 22, 2013 12:49 amPosted: Wed May 22, 2013 9:13 amCountry wrote:It appears that there is some quiet accumulation going on right at $22+ SILVER the past few days. Hey, maybe we already saw a bottom.
Sentiment on PMs seems like sentiment when the SPX was at 700. Remember then, all the predictions for the DOW to crash down further to 3000 from 6500. The negative predictions abound now for PMs. It would'nt surprise me that the boyz are backin up the truck right now. Even today, the Citi prediction that 2013 is the END OF THE COMMODITY SUPERCYCLE. Wall Street loves to spread fear, and the boyz are doing the opposite of what they tell you to do. How many times do we have to fall for their doublespeak? It would be a great time for the boyz to catch all the shorts going the wrong way, on the PM short trade long in the tooth and supposedly an easy no-brainer short, right before the Memorial Day weekend. It's gotta go lower; all our charts prove it !
