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Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 12:05 pm
by SilverEye
I was hoping it was just a blip on Greece news, but silver is acting like it has real support at $35. I've only got a tiny fraction of how much I want to own, so I still need low prices. This could be it folks, and we never see sub $35 ever again. :(

$35 is a huge psychological support/resistance barrier for silver because 35 was where gold was pegged before we went off the gold standard.

Re: Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 1:48 pm
by Cu Penny Hoarder
Don't worry, TPTB aren't going to give up that easily... they're going to fight this thing all the way up. There is always room for more margin hikes. Just make sure you have plenty of green rectangles ready to buy when it does drop.

Re: Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 3:12 pm
by lance
Still better to buy now before it goes even higher....when silver is pushin 50 and 60 a ounce we will miss these days.

Re: Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 6:43 pm
by fb101
one trend following site I watch says a close over $36 means a significant change in trend and an upside target of 44.
If it does that trend followers will be climbing on board

Re: Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 7:36 pm
by reddirtcoins
If it ever gets to 75 I have some 70/80 stockpile that will be paying off a house....

All I will be saying to all the na-sayers from years past is, who's laughing now.....

Re: Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 7:42 pm
by Engineer
reddirtcoins wrote:If it ever gets to 75 I have some 70/80 stockpile that will be paying off a house....

All I will be saying to all the na-sayers from years past is, who's laughing now.....


During the housing boom people kept telling me that I was crazy for paying down my mortgage instead of putting that money in the stock market for 10% annual returns. Some even told me that they were taking out HELOCs to invest in stocks. :lol:

Re: Dern it. Looks like $35 has support..

PostPosted: Fri Feb 24, 2012 7:50 pm
by madman326
of course silver hits $35, i am going to my first coin show tomorrrow! i was really hoping to get it a little cheaper, but im still going to spend what i was planning.