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Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 11:37 am
by Lemon Thrower
options expiration Thurs.

is a smackdown in the works for the near future?

will we see $40 first before $50?

I am starting to think so.

Re: Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 11:42 am
by slickeast
PM's are getting b**ch slapped today.

Re: Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 12:02 pm
by neilgin1
daily bar chart says 50.

all the scheiss they're throwing at it, and its only down a dollar and change?

boy, what i wouldnt give for a 700 mln hedge fund to put the fear of God in 'em! lolz.....

Re: Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 12:13 pm
by hejira11
40

Re: Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 12:21 pm
by MikeyPooh
$40 first. The beat down has begun. OpEx Thurs, Bernanke opens his pie hole at Jackson Hole on Friday then it's off to the races.

Re: Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 1:23 pm
by Know Common Cents
Four Oh

Fifty will happen again, but my (revised) guess is now October. Ag has too many factors working against it for the moment. I'm patient, however. I bought silver when it wasn't cool at all. I remember a dealer at a major coin show poking fun at me for buying Prospector silver rounds at $7.33 each. He said I'd probably see a positive return on my investments by 2050 or later. Even silver at $40/oz is a great thing.

Re: Silver - what's next? $40 or $50

PostPosted: Tue Aug 23, 2011 4:05 pm
by Oakair
40...but it wont stay below for more than an hour max...

Re: Silver - what's next? $40 or $50

PostPosted: Wed Aug 24, 2011 10:54 am
by neilgin1
good call ya'll.....told ya, i'm a terrible market timer.

Re: Silver - what's next? $40 or $50

PostPosted: Wed Aug 24, 2011 12:39 pm
by coppertone
I guess we have our answer. Tried to buy on Monday but E-Bays bids were unreasonable, trying again today, hopefully I will find some better deals.

Re: Silver - what's next? $40 or $50

PostPosted: Wed Aug 24, 2011 1:59 pm
by 68Camaro
Managed to catch the near low in paper silver - stopped going down midway between two targets, so caught 3 on way down.

Re: Silver - what's next? $40 or $50

PostPosted: Wed Aug 24, 2011 8:14 pm
by beauanderos
68Camaro wrote:Managed to catch the near low in paper silver - stopped going down midway between two targets, so caught 3 on way down.

I picked up 200 shares of NUGT today at $34(missed the low by 32 cents)... finished at $35.05... will ride this bronco for a lot longer than eight seconds :lol: This puppy was barkin at $40 three days ago Image