PM Rally

[beauanderos]

Silver just shot up a dollar in the last few minutes! Gold up $14!

The ratio is now down to 50.40 - better get your entries in for the contest, which closes when the ratio hits 50.00: viewtopic.php?f=22&t=18249

would be nice if we could hold these gains and build on them and... thx for the contest

[Jonflyfish]

Gold and silver are both poised for explosive price activity.
Cheers!

[brian0918]

Gold and silver are both poised for explosive price activity.
Cheers!

Now, is that an explosion upward or downward?

[beauanderos]

Gold and silver are both poised for explosive price activity.
Cheers!

Now, is that an explosion upward or downward?

+1

[Country]

Gold and silver are both poised for explosive price activity.
Cheers!

Sure looks so. Just look at the violent swings we've been getting lately in the morning. There is a dogged battle between longs and shorts; sort of like boxers exchanging blows. Someone is about to get KO'd. Which one?

As Johnfly says: "Manage your risk".

[shinnosuke]

The word implode exists in the English language for a dramatic downward movement.

[NHsorter]

The word implode exists in the English language for a dramatic downward movement.

Give it a minute. I got a feeling on this one. I still think today will be good. I'm going out guns blazing anyway.

[Country]

IMPLODE ... OR... EXPLODE ?

I'm betting on EXPLODE!!

[beauanderos]

IMPLODE ... OR... EXPLODE ?

I'm betting on EXPLODE!!

Well... the forces that be are doing all they can to damp the wicks and prevent the firecrackers from going off

[shinnosuke]

The word implode exists in the English language for a dramatic downward movement.

Give it a minute. I got a feeling on this one. I still think today will be good. I'm going out guns blazing anyway.

Sorry. Didn't explain well enough. I meant that if Jon meant a downward movement, he could have said implosion instead of explosion. I think it's going up, too.

[mflugher]

Not looking like we are going to see any explosions or implosions today, however the shorts seem to have edged out a bit...

Still waiting for a bargain, as I'm currently all out. I'm revising my bargain price from $32 to $33.50 though. The shorts have been cut off quite a bit in the last 3 weeks since QE3...

Strikes in SA seem to be keeping the Plat/Pd movements in the positive though. Might be a short opportunity there. Any thoughts?

[IdahoCopper]

An implosion is used via a spherical shaped charge to highly compress a smaller, inner sphere of plutonium into a density high enough to attain critical mass. Then the REAL explosion occurs.

[shinnosuke]

Meanwhile, gold is $1781.80 and silver is $34.81 right now. Can silver get and stay above $35 tomorrow in the NY market?

[Jonflyfish]

It shouldn't be much longer now. This has been the mother of all price compressions. Enjoy the fireworks.
Cheers!

[IdahoCopper]

Guaranteed to go straight to the moon now. I made a deal to buy a car with silver at $34.59/oz. It will probably be north of $40 before I close the deal mid-day on Friday.

[mflugher]

Ok a mini ctu or a 4 40% halves to whomever wants to spend a few hours on skype (or phone) with me explaining what JFFs crazy looking charts mean, how to read them, what I'm looking for etc...

Regardless I'm going in some today if I can buy a relative bargain, its been almost a month and every short attempt has been thwarted, frankly I thought JPmorgan et al could do better than $33.75 with $40bln of extra capital a month...


Also its about time to make my monthly buy of phys. Got some good deals this month a nice pile of $20xface junk, a few $1 war nicks, and a small pile of pre 33 us gold @ 2% premium and locked at $1730ish

Got a chunk around 70 oz of generic .999 silver in 1/2 to 5 oz sizes I'm looking to sell too, if anyone wants to get in let me know what you are willing to pay via pm. Not really feeling like posting a BIN at these prices but I might strike a quick deal if it comes along.


Time to do some buying guys

[slvrbck]

I'm thinking if we can bust through 35 it might be a hop and a skip to damn close to 40. Any thoughts

[mflugher]

I'm thinking if we can bust through 35 it might be a hop and a skip to damn close to 40. Any thoughts

I'm not a tech analyst, but I think you would have to beat 36 to show a true uptrend. We already saw 35.50 last month.

[brian0918]

Gold's been up today, but silver not so much, leaving the ratio unchanged. I would expect silver to do some catching up, driving the ratio lower.

[68Camaro]

Despite a trend of slow increase, the "move" hasn't happened yet. Beileve we're going to see a fast $50-$100 move in gold happen within a day or two, and a $3+ move in silver, with more to come after that. Gold to end up at 2000+ during this and silver in the upper 40s if not past 50.

Intermediate and open question remaining: will this move be sustained, with more to come over months, or is this a blip, with a dip to follow, before the next real big move? I tend to think its the big move, but don't rule out one more dip. I can't do much more about it, as I'm close to all in now, unless and until more funds come in. Will be watching for possible dip to sell some paper in advance of it to rebuy later.

Regardless, I believe the upward pressure continues, long-term. I don't believe we'll see $25 silver again, maybe not $30, for any significant buyable time period. I was wrong before (I was on record as not believing we would breach $30 last fall), but I'll be less and less likely to be wrong on this as time marches on.

[slvrbck]

I feel that 50 and 2000 are huge resistance levels (and will be strong floors in the future). I just dont see us bustin through yet. Hope im wrong.

[brian0918]

I don't believe we'll see $25 silver again, maybe not $30, for any significant buyable time period.

Funny, I'm still finding buyable silver at $1.40/oz.

[68Camaro]

I don't believe we'll see $25 silver again, maybe not $30, for any significant buyable time period.

Funny, I'm still finding buyable silver at $1.40/oz.

Bla bla bla. Hope that glory continues for you. More than willing to buy that 90% from you at 20x!

[68Camaro]

The above was a joke - if it translated poorly - the phone makes editing a bit difficult.

Someone is and has been defending the $35 line in silver really hard. We've popped past it a couple of times in the past week or two to be driven down hard. But today, 4 times already, it's popped over, and been beaten back. However, the resistance seems to be fading, and the support strong.

The 1770-ish gold line in the sand seems to have given way, and they are trying to figure out where to re-trench. 1790s somewhere, no doubt, as $1800 gold again would be bigger news.

[fb101]

I'm long for both, and if this ain't popping tomorrow, I'll get longer.