Gold/silver prices: What will happen tomorrow?

[Jonflyfish]

nice call! she's up but good......when an "atta boy" is due, you give that "atta boy".....nice call.........hey! and I should get a fricking "atta boy" too....I DID call, that its looks like she's a "bottoming out".....those were my exact words, and I made that call too!.....and now look! we're up 41 cents to $22 even!!!

Thanks Neil. "Atta boy" to you as well.

Cheers!

[shinnosuke]

Question for all:
If there were a dip, would you buy it?

[Jonflyfish]

Question for all:
If there were a dip, would you buy it?

I don't know what others will do but the market is giving away a great entry point right NOW.

Cheers!

[scyther]

Question for all:
If there were a dip, would you buy it?

I don't know what others will do but the market is giving away a great entry point right NOW.

Cheers!

Do you expect anyone to take you seriously when you keep changing your mind?

[Jonflyfish]

Question for all:
If there were a dip, would you buy it?

I don't know what others will do but the market is giving away a great entry point right NOW.

Cheers!

Do you expect anyone to take you seriously when you keep changing your mind?

When have I changed my mind? Been very consistent- Short term rally is imminent. Long term view is still very bearish.
But there is no need to take me seriously. I'm not here to debate. I speak with my wallet.

Cheers!

[shinnosuke]

Question for all:
If there were a dip, would you buy it?

I don't know what others will do but the market is giving away a great entry point right NOW.

Cheers!

That's how I see it.

[Jonflyfish]

All set long at $21.22 on COMEX.
Cheers!

[InfleXion]

It's not a great entry point if you can't identify when the exit point will need to be in order to take advantage of the relief rally without getting burned by the overall bearish outlook, assuming those things being true.

That being said, I agree it is a great entry point, because I believe we are at or very near the bottom and that downside risk is minimal. So I am not worried about my exit point at current prices.

[shinnosuke]

It's not a great entry point if you can't identify when the exit point will need to be in order to take advantage of the relief rally without getting burned by the overall bearish outlook, assuming those things being true.

That being said, I agree it is a great entry point, because I believe we are at or very near the bottom and that downside risk is minimal. So I am not worried about my exit point at current prices.

Without fear of rotten tomatos slung my way, I simply do not care, nor have I ever fretted about an exit point and there are surely others who feel the same. I have never considered my purchases of precious metals as investments in the traditional sense. I will use them as they were originally intended, as money. However, if my fears of worldwide financial ruin and societal collapse are unfounded, then I will leave them to my children and they will be burdened with what to do with them.

I only note price drops because that means I can get more real money with my Federal Reserve Hiney Wipes, and that's always a good thing. Apparently, little Bennie Bernanke's comments have rattled the PM market. Keep talking, Ben. Keep talking. You and your puppet masters will continue to wreak havoc on the world until one day when you won't.

[theo]

It's not a great entry point if you can't identify when the exit point will need to be in order to take advantage of the relief rally without getting burned by the overall bearish outlook, assuming those things being true.

That being said, I agree it is a great entry point, because I believe we are at or very near the bottom and that downside risk is minimal. So I am not worried about my exit point at current prices.

The overall bias for silver (and gold) seems to be flat to downward. PMs are toxic to most investors who believe the MSM dogma that they are "too risky;" they are too busy looking for the next Neflix or Tesla in any case. The speculative longs have finally learned at great expense to look elsewhere for their profits. Perhaps the reason the short positions have declined so much recently is that fewer and fewer investors are willing to take the long side of those positions, which they've correctly identified as a suckers bet. Doesn't their need to be a certain number of speculative longs (preferably on heavy margin) to achieve those wonderful waterfall declines we've been seeing?

[reddirtcoins]

I'm just waiting for the IMF to sell gold.. lol...
Really though, here comes 17 and 1150. I'll be buying all the way down and if my thought of 12 and 850 comes true I have a stash of cash just waiting to buy back in. On the bright side we are over 60/1 on the GSR so now is the time to be focused on silver. That's what I am doing.

[Engineer]

Prices will rise tomorrow, unless they fall.

[beauanderos]

Prices will rise tomorrow, unless they fall.

but, you could be 100% wrong

[InfleXion]

It's not a great entry point if you can't identify when the exit point will need to be in order to take advantage of the relief rally without getting burned by the overall bearish outlook, assuming those things being true.

That being said, I agree it is a great entry point, because I believe we are at or very near the bottom and that downside risk is minimal. So I am not worried about my exit point at current prices.

Without fear of rotten tomatos slung my way, I simply do not care, nor have I ever fretted about an exit point and there are surely others who feel the same. I have never considered my purchases of precious metals as investments in the traditional sense. I will use them as they were originally intended, as money. However, if my fears of worldwide financial ruin and societal collapse are unfounded, then I will leave them to my children and they will be burdened with what to do with them.

I only note price drops because that means I can get more real money with my Federal Reserve Hiney Wipes, and that's always a good thing. Apparently, little Bennie Bernanke's comments have rattled the PM market. Keep talking, Ben. Keep talking. You and your puppet masters will continue to wreak havoc on the world until one day when you won't.

I agree with you shin. I was just pointing out that for short term trades, which are not my thing, an entry point without an exit strategy is asking for trouble. In cases such as ours where we are in it for a savings account / retirement plan, where we measure wealth in ounces instead of debt based currency, and are not looking to offload our metals for inferior money an exit strategy is not as necessary. Although I do have one - when real interest rates go from negative back to positive, and when our money is backed by metal then I will transfer a portion into paying off my mortgage.

[InfleXion]

Prices will rise tomorrow, unless they fall.

but, you could be 100% wrong

Banking holiday?

[slickeast]

Prices will rise tomorrow, unless they fall.

but, you could be 100% wrong

He is wrong. Prices will fall tomorrow, unless they rise.

[Engineer]

Prices will rise tomorrow, unless they fall.

but, you could be 100% wrong

He is wrong. Prices will fall tomorrow, unless they rise.

That's crazy talk!!!

[CardsNCoins]

Prices will rise tomorrow, unless they fall.

I'm sorry, but I've been told that the non existent future is unknowable.

[reddirtcoins]

I think this will better explain things......

http://www.youtube.com/watch?v=kTcRRaXV-fg

http://www.youtube.com/watch?v=xkbQDEXJy2k

[Jonflyfish]

It's not a great entry point if you can't identify when the exit point will need to be in order to take advantage of the relief rally without getting burned by the overall bearish outlook, assuming those things being true.

That being said, I agree it is a great entry point, because I believe we are at or very near the bottom and that downside risk is minimal. So I am not worried about my exit point at current prices.

Respectfully disagree. The future is unknowable. Will it rise to $22, 26, 28, 150? I don't know so no need to decide in advance where to exit. Those who take quick gains for non-scalp trades tend to miss the real profits and ride their losses. "Losers average losers". Cut losses quick and let the profits ride. Only exit I concern myself with upon entering a trade is a stop. The gains take care of themselves and with a proper trailing stop can exit when the ride is over.
People will speak of "bearish tone" whatever that means. Money is made when people do what others won't/don't. Silver may have had a "bullish tone" at $49, but it was not the time to be long.

Cheers!

[Jonflyfish]

Many thought when this thread started that an immediate test to 20 would take place after a big down day. But a 4% relief rally took place instead.
Now, after the prior low has been tested, it looks like a bigger rally is going to commence- not testing $20 yet.

Cheers!

[inflationhawk]

Silver may have had a "bullish tone" at $49, but it was not the time to be long.

Cheers!

How could that have been when the future is unknowable?

[Jonflyfish]

Silver may have had a "bullish tone" at $49, but it was not the time to be long.

Cheers!

How could that have been when the future is unknowable?

Exactly my point!

Cheers!

[inflationhawk]

Silver may have had a "bullish tone" at $49, but it was not the time to be long.

Cheers!

How could that have been when the future is unknowable?

Exactly my point!

Cheers!

Mine too!
Bottoms Up!

[Jonflyfish]

Loaded up on some spot at $21.28

Cheers!