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Post by brosin on Jun 9, 2011 21:13:55 GMT -5
i'd be pounding the table short here (shocking i know) but it looks ready to break large one way or another  |
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Post by Clinton SPX on Jun 9, 2011 21:15:53 GMT -5
I wouldnt.
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Post by Clinton SPX on Jun 9, 2011 21:23:41 GMT -5
Jim Rodgers says Buy silver buy rice
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Post by novice08 on Jun 9, 2011 21:37:53 GMT -5
I think Jim Rogers is funny and pay attention to anyone who's fund (Quantum) returned 4200% in ten yrs...besides, he always carries a gold coin.  ..I've found his calls to be very good long-term, after all he can sustain short-term corrections alot better than most of us. He's been saying ags for yrs. now due to avg. age of Am. farmer is 58 ...he has a commod fund which includes rice. He made lots & lots trading sugar as I'm sure you know. |
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Post by brosin on Jun 9, 2011 21:38:29 GMT -5
Short SLV is my smallest position, but personally I think it's a perfect time to add to it. I'd even hope it goes higher so I can add more, but I doubt it will. Popping silver bubble of 2011 is the same as the popping oil bubble of 2008 - it will caused forced selling in the rest of the market   |
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Post by novice08 on Jun 9, 2011 21:41:02 GMT -5
Bros, you could very well be right, silver is most manipulated and volatile...If it goes to $25, I will be a big buyer of physical unless something really changes the world economic situation. JMO of course and ask agrees with you.
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Post by brosin on Jun 9, 2011 21:45:14 GMT -5
If silver does collapse I think gold might come too. Kind I almost hope so because that's where I'm at, definitely with you N... I will be giving ask a call in real life with an order. I wonder if I'll really be able to wait for $1100/oz or not. I'm sure going to try though
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Post by novice08 on Jun 9, 2011 21:59:53 GMT -5
There hasn't been a real correction in gold since 2008...only 4-6% here or there...ASK? Oh, and I do think silver will have trouble getting past $39, at least for now.  |
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Post by Clinton SPX on Jun 9, 2011 22:27:40 GMT -5
Nice charts Bros
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Post by ask2lern on Jun 10, 2011 6:02:40 GMT -5
Bros, you could very well be right, silver is most manipulated and volatile...If it goes to $25, I will be a big buyer of physical unless something really changes the world economic situation. JMO of course and ask agrees with you. Novice if it goes to 25 it will go to 22-23 IMO................27 may be a good level if it holds and gets tested a couple times..........FWIW plenty of physical and premiums have basically disappeared......................Yes I am very bearish silver but it is such a small market it can get knocked around pretty easy.........watch next week for some good swings as it is triple witching OPEX........................and for the record I picked up ZSL yesterday @ 17.03 $16.86.............I do not hold these positions long just looking for a few points here and there......................GLTA |
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Post by timber on Jun 10, 2011 6:32:03 GMT -5
im out of that trade but am more bearish now on silver
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Post by brosin on Jun 10, 2011 8:12:28 GMT -5
doesn't look like i'll even get a chance to add to that short position - 2-3% tankage since last night
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Post by ask2lern on Jun 10, 2011 8:16:27 GMT -5
OUT of ZSL @ 17.48 +3.6%.......................I sold it the other day in pre mkt and left some dough on the table expect I did today as well but when a target hits it hits...................you make what you TAKE................... ;D
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Post by brosin on Jun 10, 2011 16:53:56 GMT -5
Too bad I didn't get a chance to add where it was last night when I started this thread
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Post by maxi on Jun 12, 2011 10:21:40 GMT -5
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Post by timber on Jun 12, 2011 10:24:49 GMT -5
i dont know where max gets 500 silver
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Post by Clinton SPX on Jun 12, 2011 10:49:40 GMT -5
i dont know where max gets 500 silver he's betting on fiat collapsing. Mathematically I dont see how it doesnt We have tons of old debt and everyone wants lower taxes and a big military. Math baby, the wheels will come off the wagon!!! |
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Post by Clinton SPX on Jun 12, 2011 10:51:11 GMT -5
Its a different world than 1980 people had jobs now they are all in China |
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Post by maxi on Jun 12, 2011 11:08:18 GMT -5
My take from the chart / article is that silver is a long way from being done dropping. No jobs just adds to that thesis.
"Looking ahead, if the current silver market keeps following the pattern made by silver prices in 1980, then we should look for a resumption of the decline starting in late June."
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Jun 12, 2011 11:35:21 GMT -5
I'm currently short silver (long ZSL). As a short term play. Thinking of a week or two before the short term bottom, then looking for an entry into AGQ. Unless silver is showing more weakness than is reasonable for another surge.
There was a chart posted last week comparing this recent surge to 50 with the 1980 surge to 50. The plunge after that spike had a rebound, and then another plunge. The 'another plunge' scenario has me concerned.
The volatility is a great trading opportunity, so it's worth watching for places to jump in, long or short.
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seatoo
Commodities Trader
Posts: 168
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Post by seatoo on Jun 12, 2011 12:03:13 GMT -5
The chart. (Previously posted by someone here)  Uploaded with ImageShack.usThis chart may be more of a distraction than useful information. This kind of comparison looks interesting, but tends to derail my own thinking and observations. Anyone have experience with how these historical comparisons play out? |
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Post by novice08 on Jun 12, 2011 12:30:55 GMT -5
Not a clue, just know that in inflation adjusted terms, $50 is cheap...However, silver is most volatile and manipulated of the metals...JMO. We'll see...I'd still own some physical and miners, just not time to buy yet.
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Post by maxi on Jun 12, 2011 12:41:44 GMT -5
Not a clue, just know that in inflation adjusted terms, $50 is cheap...However, silver is most volatile and manipulated of the metals...JMO. We'll see...I'd still own some physical and miners, just not time to buy yet. Novice u have to add a disclamer on your metals posts.. ie you bought them quite a long time ago.... Correct? |
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Post by Clinton SPX on Jun 12, 2011 13:01:30 GMT -5
The chart. (Previously posted by someone here) Uploaded with ImageShack.usThis chart may be more of a distraction than useful information. This kind of comparison looks interesting, but tends to derail my own thinking and observations. Anyone have experience with how these historical comparisons play out? Hyperbolic moves usually take as l;ong to play out as they do to create, BUT many say the move hasnt even happened yet and Im in that camp. With increases in debt and money creation, inflation is the only way out from this debt. I see silver in a small pull back |
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Post by maxi on Jun 12, 2011 13:21:40 GMT -5
Silver is a chunk of metal mostly used in industry and jewelry... It just doesn't have the panache of gold and I doubt ever will.........
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Post by maxi on Jun 12, 2011 13:24:42 GMT -5
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Post by maxi on Jun 12, 2011 13:27:45 GMT -5
Even allowing for inflation and technology.....  Uploaded with ImageShack.us |
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Post by novice08 on Jun 12, 2011 13:38:53 GMT -5
Not a clue, just know that in inflation adjusted terms, $50 is cheap...However, silver is most volatile and manipulated of the metals...JMO. We'll see...I'd still own some physical and miners, just not time to buy yet. Novice u have to add a disclamer on your metals posts.. ie you bought them quite a long time ago.... Correct? Some yes, some no...also have traded some...pzg is a recent buy which I will add to if it looks juicy enough...it was green on Fri. and Maxi, I thought everyone had memorized my disclaimer by now, ask knows it by heart..."I Could Be Wrong" (TM)  |
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Post by brosin on Jun 13, 2011 9:00:45 GMT -5
fwiw paper world, covered my small SLV short - would have liked to have added to it the other day but it tanked overnight and I never got a chance to add while the position was red will take it though Buy to cover 3000 SLV @ $34.63 6/13/11 8:59 am CT cost $104K (+$3K / +2.9%) |
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Post by brosin on Jun 14, 2011 8:16:49 GMT -5
still weak even with market shooting higher - not good for silver bulls  |
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