Dern it. Looks like $35 has support..

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Dern it. Looks like $35 has support..

Postby SilverEye » Fri Feb 24, 2012 12:05 pm

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

Postby Cu Penny Hoarder » Fri Feb 24, 2012 1:48 pm

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.
Time is precious, stop wasting it.
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Re: Dern it. Looks like $35 has support..

Postby lance » Fri Feb 24, 2012 3:12 pm

Still better to buy now before it goes even higher....when silver is pushin 50 and 60 a ounce we will miss these days.
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Re: Dern it. Looks like $35 has support..

Postby fb101 » Fri Feb 24, 2012 6:43 pm

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

Postby reddirtcoins » Fri Feb 24, 2012 7:36 pm

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.....
"Truth, like gold, is to be obtained not by its growth, but by washing away from it all that is not gold."- Leo Tolstoy
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Re: Dern it. Looks like $35 has support..

Postby Engineer » Fri Feb 24, 2012 7:42 pm

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

Postby madman326 » Fri Feb 24, 2012 7:50 pm

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.
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