Page 1 of 21

PM Rally

PostPosted: Fri Jul 13, 2012 5:36 am
by Jonflyfish
I could be 100% wrong but something tells me a decent rally for PM's is at hand.

Cheers!

Re: PM Rally

PostPosted: Fri Jul 13, 2012 5:45 am
by 68Camaro
Looks like others think that as well... For how long, is the question.

It's all interesting to watch in the context of the world-wide economic slow-motion train-wreck.

Re: PM Rally

PostPosted: Fri Jul 13, 2012 6:02 am
by barrytrot
Do you guys remember the old days (1 year ago basically)? When a rally meant +3 points that day and +10 points over a 10 day period instead of 1 green day in a row? :)

Re: PM Rally

PostPosted: Fri Jul 13, 2012 6:48 am
by Matt B
Yeah, but it seems like a lifetime ago. Then again, yesterday is already a complete fog, so...

Re: PM Rally

PostPosted: Fri Jul 13, 2012 3:23 pm
by 97guns
http://www.arabianmoney.net/gold-silver ... ee-months/

article suggests a double up in 3 months

Re: PM Rally

PostPosted: Fri Jul 13, 2012 3:43 pm
by barrytrot
Don't put a lot of stock in a site called "Arabian Money" :)

Re: PM Rally

PostPosted: Fri Jul 13, 2012 4:04 pm
by Sheba
Hi Everyone,

I am very, very far from any kind of expert on PMs (or on anything for that matter :lol:), but it seems to me that over the past few weeks (maybe longer), by Friday of a given week, silver (I don't follow gold because I can't afford it) seems to be 'up' and look like its gonna' bust out of the doldrums. Then on the next Mon. or trading day it falls a little, back into the 'wallow' of 26.70 or so. Seems to me that it just stays in the high 26 to high 27 or low 28 range on that schedule.

I probably am totally wrong ... but thought I'd make an 'uneducated observation'. If silver could drop for long enough (a day during the week when the coin shop is open :D I would be happy to pick up a little (in my case a very little!) for around 25-26. But it just never seems to go down and stay there long enough.

Oh well ... kind of fun to watch all the 'machinations' that seem to constantly go on with the PM market and stock market, etc.

Re: PM Rally

PostPosted: Fri Jul 13, 2012 4:17 pm
by CtrlAltBernanke
Does anybody know when these JP Morgan short contracts are do? Wouldn't that be some guidance as to when silver will launch like a missile?

Re: PM Rally

PostPosted: Tue Jul 17, 2012 12:22 pm
by Jonflyfish
Jonflyfish wrote:I could be 100% wrong but something tells me a decent rally for PM's is at hand.

Cheers!

Still applicable.
Cheers!

Re: PM Rally

PostPosted: Tue Jul 17, 2012 2:59 pm
by shinnosuke
Jonflyfish wrote:
Jonflyfish wrote:I could be 100% wrong but something tells me a decent rally for PM's is at hand.

Cheers!

Still applicable.
Cheers!


I get it now. By telling us that there will be a price rally, you're hoping the combined purchasing power of the realcent forum will descend upon the silver market en masse and drive the price to new highs. :D Alas, the price is down now. This high-$26 to mid-$28 price range is getting boring. Perhaps we should all SELL now and drive the market into the teens, whereupon we quickly snatch up all the low-priced goodness... All in favor say "aye."

Re: PM Rally

PostPosted: Tue Jul 17, 2012 4:15 pm
by rexmerdinus
shinnosuke wrote:I get it now. By telling us that there will be a price rally, you're hoping the combined purchasing power of the realcent forum will descend upon the silver market en masse and drive the price to new highs. :D Alas, the price is down now. This high-$26 to mid-$28 price range is getting boring. Perhaps we should all SELL now and drive the market into the teens, whereupon we quickly snatch up all the low-priced goodness... All in favor say "aye."


Sounds good. You lead the way and I'll be right behind you!

Re: PM Rally

PostPosted: Tue Jul 17, 2012 5:07 pm
by shinnosuke
rexmerdinus wrote:
shinnosuke wrote:I get it now. By telling us that there will be a price rally, you're hoping the combined purchasing power of the realcent forum will descend upon the silver market en masse and drive the price to new highs. :D Alas, the price is down now. This high-$26 to mid-$28 price range is getting boring. Perhaps we should all SELL now and drive the market into the teens, whereupon we quickly snatch up all the low-priced goodness... All in favor say "aye."


Sounds good. You lead the way and I'll be right behind you!


Well, alphabetically, "rex" comes before "shin" so you go first. No, really, I insist.

Re: PM Rally

PostPosted: Tue Jul 17, 2012 11:29 pm
by Jonflyfish
Gold <$1579 was too much to resist. BT(bleeping)D!
Cheers!

Re: PM Rally

PostPosted: Wed Jul 18, 2012 7:10 pm
by Country
Alas, methinks we must all wait until fall for any substantial rise. Until then, it's the old boring summer doldrums.... Accumulation time is upon us. :geek:

Re: PM Rally

PostPosted: Thu Jul 19, 2012 12:15 am
by Jonflyfish
Something tells me a significant rally is commencing. Perhaps I'll be 100% wrong.

Cheers!

Re: PM Rally

PostPosted: Mon Jul 23, 2012 9:39 am
by Jonflyfish
I would prepare ASAP for this pending rally. It's a big one.

Cheers!

Re: PM Rally

PostPosted: Mon Jul 23, 2012 12:06 pm
by NHsorter
What is going to be the trigger for this rally? I am optimistically positioned for this big rally to occur, but just curious as to what you think will set it into motion. Thanks!

Re: PM Rally

PostPosted: Mon Jul 23, 2012 4:36 pm
by CtrlAltBernanke
That's a great question. It's either going to be another QE, Europe collapsing which is going to happen, or something else. Either way, I'm guessing the latest this rally will happen would be sometime in January. I also believe that a secondary trigger will be silver going down a few more bucks. If silver were to get to $23 I see a lot of people, and I mean A LOT of people finally pulling the trigger and go in on silver which will kick it over $30 again.

Re: PM Rally

PostPosted: Mon Jul 23, 2012 4:43 pm
by highroller4321
We talking a rally to $40 or $35 or what?

Re: PM Rally

PostPosted: Mon Jul 23, 2012 4:52 pm
by CtrlAltBernanke
I believe once it soars it will soar. There might be a few small rallies here and there in the short term. I'm not sure what that will look like but I'm banking that in the next 2-3 years it will be well over $100.

Re: PM Rally

PostPosted: Tue Jul 24, 2012 11:24 am
by shinnosuke
highroller4321 wrote:We talking a rally to $40 or $35 or what?


We're talking about $26.66 right now.

Re: PM Rally

PostPosted: Tue Jul 24, 2012 11:26 am
by SoFa
shinnosuke wrote:
highroller4321 wrote:We talking a rally to $40 or $35 or what?


We're talking about $26.66 right now.


Maybe it will rally to 27?

Re: PM Rally

PostPosted: Tue Jul 24, 2012 11:39 am
by barrytrot
Down 25 cents or less is called a "rally" now :)

Of course it's down 30 cents today so that's not good. And other $1.74 more and I lose 10 ounces of my silver :)

Re: PM Rally

PostPosted: Tue Jul 24, 2012 12:38 pm
by barrytrot
Hey it's now down only 22 cents, that is an official RALLY!

Boo yah! :)

Re: PM Rally

PostPosted: Tue Jul 24, 2012 1:12 pm
by reddirtcoins
Let's see if JP smashes it Wed/Thurs.... I'm still waiting for 20....