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Got to love the way Silver is banding up
Posted:
Tue Aug 16, 2011 9:51 amby neilgin1
just looked at the daily bar charts of silver, and it is a thing of beauty...its just banding so sweetly.
call me crazy, but i just got a feeling, that this is the run we pop $50 on the board..i said "on the board", as in the physicals, we did that back a few months ago.
Its going to pop 50, and the mess in the Europe will be the attributed reason.
Re: Got to love the way Silver is banding up
Posted:
Tue Aug 16, 2011 11:51 amby beauanderos
You've got my vote... but stormy seas or calm, I have my lifeboat well-provisioned and I'm just along for the ride. "Que sera, sera."
Re: Got to love the way Silver is banding up
Posted:
Tue Aug 16, 2011 12:13 pmby 68Camaro
Yep - silver has recovered from the market hysteria of two weeks ago and bouncing back up. I think we'll continue to see the cyclic naked short selling manipulation though, until such point as events cause it to pop up hard at the wrong time for the shorts and they get killed.
These last two weeks I had bought on way down again after the previous sell-out at the local peak in the 19s, and followed PSLV down to high 16s. Just sold most of it at tidy average profit, keeping a batch that I'm valuing at 17.25, and already have my buy orders in for a next round should it happen (and I believe we might have another round near current prices left).
I don't know why, but I always do better in bear markets. I'm up 15% in 4 months. (Knock on wood.) I don't know if that says something about me, and if it does, I may not want to know...