stateofmind wrote:Don't want to be the contrarian(well, actually I do); but these posts are usually made preceding a silver correction. Nothing against any of you here, I've observed it on many forums.
Market Harmony wrote:stateofmind wrote:Don't want to be the contrarian(well, actually I do); but these posts are usually made preceding a silver correction. Nothing against any of you here, I've observed it on many forums.
With all the technology available to show you the same chart so many different ways, and with all the easily and readily available facts regarding the market, money, economy, and other variables, you have actually decided to ignore these technical and fundamental indicators to help you to trade. Instead, you have chosen to rely upon forum posts as your market indicator. Not just any forum, mind you, but a forum which is populated by many intelligent and experienced people, sharing additional knowledge that you do not have, regarding and centered upon the very market which you are wanting to successfully trade.
I've got to ask you, do you feel that the majority of the membership here is not so bright? Misinformed? Manipulative? or barren of thoughtful enterprise? I think you must. Why else would you feel it so necessary to align yourself to the opposite side of so many people's opinions. I'm not saying that anyone, yourself included, is right or wrong about the market, but I do take exception to someone consistently being a contrarian to the expressed ideas of notable and distinguished members sharing their responses to action within the market to which we all are involved.
What is your intent in making these posts? They are amusing, if nothing else.
stateofmind wrote:It sound's as if someone got pewter shavings in their Cheerio's yesterday morning. believe it or not, my intent was to bring you some light
There are multitude of problems with this response.1. I have repeatedly stated that I believe the long term trend for silver is up.
2. I am not just relying upon posts to make a decision. The RSI of SLV is approaching 70 and the Force Index is growing positive just like it was in the previous correction. Also, we are seeing a shooting star candlestick pattern which signals a correction.Again, my words were bent around just like they had been in the "Silver - Time to Sell" post; the one where I predicted the previous correction. Just because I had not stated my reasons for why I am bearish, does not mean that I am relying upon forum posts. Force indicators and candlestick patterns will not help you to trade. You are looking for bearish reversal signals within a bullish chart. What you need to be doing is fundamental research as to WHY we are in a bull market, and then determine what factors could possibly work against that fundamental base to the detriment of the price action. Those bits of info will help you to spot a reversal. Otherwise, you are fighting the tide.
3. This forum has many smart people, yet it is very easy to get caught up in hysteria. If anyone is a member there, Kitco members make cakes and have parties to celebrate the new highs of silver, while members here also are cheering silver higher. I have never seen hysteria from any of the members here, and I've been around for quite some time
4. I am not constantly a contrarian. Sometimes the general consensus is correct. You must always be right, then, if you can determine when to fight the crowd and when to run with it
5. I own silver in physical form, and as I said in my previous post I am only betting on a short term retreat of silver, thus my reason for trading in paper, and why I did not post that I had sold all of my stack. You have been unclear on your positions from the very beginning, and when you are called out on your posts, you always redact and have to adjust your position so as to conform to the response to your initial post. You need to be clear in your posts
6. Many of the "notable and distinguished" members were completely wrong about the correction. huh? Many people claimed they were looking for a pullback so they could add to their stack. I've found that the majority of members here have been spot on in their assessment of the metals market. You have been a counterparty to their statements in many ways
7. My intent is the same as the previous posts by other members which state their opinion on silver. time has a way of figuring these things out
Thogey wrote:I don't see what's so offensive about SOM's opinions.
MH, you know I love you man, but a contrarian is a good thing. When it get's too exciting and Oprah is having silver parties then it's time to lighten the stack. When the all night infomercials start hocking silver, it's time to think about selling.
What's offensive is this ridiculous silver run up. I hope SOM is right. I also don't see what's so exciting about the silver prices. 2 dollars for a dime? I hated paying 10X face. I would imagine most of us here would like to have more time to accumulate. I'd love to see silver break through a bottom support level, shake them damn trees man. At 10-15 I'll back the truck up for the last time.
beauanderos wrote:You guys that want a pullback, in order to "back up the truck" HAD your chance already. The writing has been on the walls for years! (if you procrastinated before, nothing is likely to change this time around). And remember, a large part of the silver run-up is the dollar decline (and all global fiat currencies), so there is more than one factor at work here contributing to price rise.
stateofmind wrote:Don't want to be the contrarian(well, actually I do); but these posts are usually made preceding a silver correction.[/color][/b]
coppertone wrote: For me any extra cash is converted to silver within the day.
beauanderos wrote:coppertone wrote: For me any extra cash is converted to silver within the day.
Exactly!
Thogey wrote:beauanderos wrote:You guys that want a pullback, in order to "back up the truck" HAD your chance already. The writing has been on the walls for years! (if you procrastinated before, nothing is likely to change this time around). And remember, a large part of the silver run-up is the dollar decline (and all global fiat currencies), so there is more than one factor at work here contributing to price rise.
You are a bitter old man, shouldn't you be outside yelling at neighborhood kids or somthing?
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