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Big Rally today?

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Big Rally today?

Postby beauanderos » Fri Mar 09, 2012 10:40 am

Silver was getting hammered in pre-market trading overnight in London, but in the last few minutes has reversed nicely. Hmmmm, be interesting to see if it can hold the gains and or add to them.

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Re: Big Rally today?

Postby creshka46 » Fri Mar 09, 2012 10:59 am

Yeah, I was wondering about that. I expected the drop due to positive US jobs data and market skepticism about the Greek deal. But didn't understand the rally. Any thoughts?
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Re: Big Rally today?

Postby justj2k78 » Fri Mar 09, 2012 11:01 am

creshka46 wrote:Yeah, I was wondering about that. I expected the drop due to positive US jobs data and market skepticism about the Greek deal. But didn't understand the rally. Any thoughts?


TPTB slapping it up? Slap it high? :lol:
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Re: Big Rally today?

Postby 68Camaro » Fri Mar 09, 2012 12:11 pm

No data to support this view, just personal opinion, but I suspect targeted dip buyers who are triggering off price, or momentum, or some combination of both.
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Re: Big Rally today?

Postby everything » Fri Mar 16, 2012 12:15 am

Something to keep in perspective. The big rally was last year. Could be another one this year though, many call for it, still others see us retracing our steps, as we are now.
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Re: Big Rally today?

Postby slickeast » Fri Mar 16, 2012 1:21 am

Silver is below its 200 DMA
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