Looks like Silver has resumed its Decline *updated* 2-12-09
Looks as though silver, currently at about $10.06 at 9:00pm central, should begin its decline to a new lower low tomorrow. One more push up to around $10.30 tonight or early am, and then down it goes...
Updated: 10-24-08
This little rally could signal that a short term bottom is in, or that things are more bearish than I had thought. A break above $9.80 would be the first signal of a short term bottom, $10.21 would confirm it. Coming back below $9.10 would confirm that another low is due.
If we are near a short term bottom, if it is not already in. Then prices should see a counter trend rally up to around $13.50. The chart of silver does look very much like if just made a ending diagonal that started in late September. If so it should see a fast reversal back to around $13.50 before declining more.
If this is the bottom, it a fairly significant one. In Elliott Wave terms, it is the bottom of wave A. Wave B will follow. With wave A ending in a Diagonal, this signifies that Wave B will likely be fast. Wave B is characterized as a "Suckers Rally". This will be the time that all the Hyperinflationist will proclaim that "it has arrived", and point to metals as proof. All assets are showing the near same pattern, so some price inflation is likely. But a month or several from now, Wave C will begin. Wave C is usually the largest and most persistant wave, as well as the final wave of a correction.
Updated 10-27-08 10:12a
This morning I'm enjoying watching Gold more than Silver...Looks as though Gold should be hitting $735.50 area any minute and begin to decline on its way to $650 +/- $20, silver is similar. (Note: I made a typo here, should have been $745.5, this number is based on a 38% retracement of the Oct 15th high to the Oct 24 low)
Updated 10-28-08 7:10 PM
Silver looks to have made its bottom overnight at $8.45. Gold has been making an upward ending diagonal, and a sharp decline to its final low should follow in the next day or 3. I don't expect silver to follow gold, but to instead make a series of higher highs and higher lows and then take off upward toward $13.50-$14.00 after Gold makes its low.
Should Silver follow Gold to new lows would be bearish going forward for Silver prices.
Updated 2-8-09
Silver looks to be making its final high, it it hasn't already done so on Friday. $13.50-$14.00 should be a final top area, if it has not already topped last Friday, which looks likely also. I see it trending down to about the $4.50 range in a multi month stairstep decline likely into the fall 2009 or longer.
Updated 2-12-09
Silver looks as though it has made its final high in over night trade at $13.75, and is now resuming its decline.
So dont bread his legs? What
So dont bread his legs? What do you think its selling for now in coin shops?
"We must re-take the Republican Party"-Ron Paul. http://www.youtube.com/watch?v=NlqXq8YxQFQ
Silver
.
Is, in addition to coinage, an industrial metal and it's price is more influenced by industry demand than collectors buying coins. If industries are closing their doors the demand for silver falls.
If you have the money, Rhodium is pretty hot right now, even more so than gold.
Thanks I see what you mean.
Thanks I see what you mean. I saw people talking here about gold being 600.00 to 77 and oz and was getting pissed. After looking on ebay I quess it wasnt as bad as I thought.
"We must re-take the Republican Party"-Ron Paul. http://www.youtube.com/watch?v=NlqXq8YxQFQ
Ruckmanite.
THis is an old post so prices quoted do not always reflect actual daily rates.
grant
Sierrahpbt,
You keep thinking in FRNs, but if you compare metal to metal exchange rates you will see that palladium is holding it's own. Less than a month ago an ounce of gold would trade for 4.6 ounces of palladium, and an ounce of gold would get you 70 ounces of silver. Today an ounce of gold will get you 4.4 ounces of palladium and an ounce of gold will get you around 68 ounces of silver. So if you use gold as a base, palladium and silver have both advanced against it rather equally in this short time frame.
grant
Brent US$ 39,50
Gold US$ 978,50
Silver US$ 14,34
Platinum US$ 1095,00
Palladium US$ 222,00
So when I bought the gold
So when I bought the gold eagle for 1,050$ today I got took good? Do I go back tomorow and break one of his legs or two?
"We must re-take the Republican Party"-Ron Paul. http://www.youtube.com/watch?v=NlqXq8YxQFQ
Silver close 02/18 $14.33
I have looked at this thread several times over the weeks. I don't get it? Silver has been on a steady rise for a couple months now. You must be taking a beating on your short position. Looking at silver charts over the last few years, I have noticed some annual trends. If we are lucky and that's a BIG IF, there may be another good buying opportunity in the late spring. The annual charts suggest two spikes. One in the winter & one late summer, so if $14 silver is too much for you right now, there might be another buying opportunity coming in the spring. However, I don't think this year it will be much of a drop before it returns to bullish behavior. Good luck to you. For me metals are where I send capital that I wish to retire. Make some profits, retire those profits to store in metal. I am up over 50% since Dec.1,08 in my silver holdings and if it drops this spring as I am hoping but am in no way confident, I will buy more. At some point I will sell it all in and buy a small farm CASH. Until then..I buy and hold. I am thinking about playing currencies for a while and any profits I make from that will go right back into silver. Still lots more room to grow in silver compared to gold. Is gold up 50% since Dec.1,08? Not quite.
You may want to take a look
You may want to take a look at palladium, it is at lows relative to gold and silver. Spend some of your silver currency and buy palladium currency if that is an option for you.
grant
grant, palladium is at
grant,
palladium is at 218.00 it is hardly moving.. I would look at this again.. silver is kicking the hell out palladium. your bang for the buck will be in silver.
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
what
what i find peculiar is that during silver's recent strong run the dollar has strengthened every day. what happens then when the dollar weakens???? i dont know, but i dont think theres a chart that can predict gold and silver right now. is this what they call uncharted territory?
The dual strengthening of
The dual strengthening of the dollar and precious metals means that other currencies are probably going to take a fall for the dollar. As people in other countries sell their currency to purchase gold, silver, platinum and palladium, the dollar rises against them. It is very possible that the dollar will come out as the only standing fiat currency, as other countries flock to precious metals. This seems like the most likely plan, since to have the dollar collapse would lead to international trade chaos, but to have most all other fiat currencies collapse first leaving only the dollar would serve a better purpose for some.
double post
double post
The problem with
this thought or chart is people have now taken and purchased physical gold and silver. These are 20 - 40 year long positions. If silver tanks so what. just double down on the 2x short Silver ETF to reap profits on the way down.
Ladies and gentlemen this is so easy, even me a caveman can figure this out.
Strong buy GOLD and SILVER
Double short ETF on corrections...
Be careful.
The world central banks (Chiselers) have a lot of tricks up their sleeves. They (the bean counters) can make the dollar fall or they can make the dollar rise. This is easily done if central bankers around the world (Sheisters, those who throw shit) begin to inflate their own money causing people to run to and hoard FRNs. As of yet the Fed is not issuing new FRNs since individuals and countries are trading their FRNs and taking refuge in Treasury bonds, this keeps the FRN strong. Gold, silver, platinum and don't forget palladium are good stores of wealth, but realistically they are not used worldwide for trade, the dollar is and still maintains a hegemony. As we saw with the meeting in Davos, things are not likely to change soon, since central bankers around the world all belong to the same club. It would take a major crisis for things to change.
Perhaps we need to keep an eye on what Hillary does in China this Sunday 2-22.
grant
I second that ... all manipulated.
Don't forget how silver mysteriously went up to $20 not too long ago, and then just as mysteriously dropped back to under $10. The prices reflect how the manipulaters want it manipulated, not any true major market effects.
hope you didn't short at 13.75
Silver continues UP with the other precious metals. It broke thru the key $14 resistance this week - no problem.
How does this effect the bearish outlook? At what price level do we say "bull"?
Wiggle watching
Wiggle watching.
You forget the principle tenants of wiggle-watching.
Always predicate intermediate forecasts on near term action. For example, "If unobtainium crosses below its descending Parrot triangle defense reversal, it should decline to its mid 1896 levels." If unobtainium DOES cross below, just do it again with a new predicate. "If unobtainium holds below..." Rule one is ALWAYS PREDICATE.
Now what happens if your predicates are fulfilled, but the asset does the exact opposite of what you predicted, conditioned on those predicates? What if it goes so high that predicting it will fall to 1896 levels just looks plain silly? Don't mention it ever again. Only keep a few days of prediction history available. Rule two is COVER YOUR TRACKS, then revert to rule one.
lol. that cracks me up. you
lol.
that cracks me up. you might find that language useful, but a whole bunch of people who might be need help, find it worthless.
Silver
Silver looks as though it made its final high over night at $13.75 and has now resumed its decline.
----------------------------------------------------------
"Ehhh, What's ups Doc?" Bugs Bunny
"Scwewy Wabbit!" Elmer Fudd
----------------------------------------------------------
"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
HMM 14.37 and still
HMM 14.37 and still climbing!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐
All Precious Metals Making Big Move Today!
Gold $910.40 $911.40 up 17.60
Silver $13.18 $13.23 up 0.28
Platinum $1,034.40 $1,044.40 up 43.50
Palladium $214.40 $219.40 up 8.56
Updated:2/10/2009 9:47:36 AM CST
http://www.apmex.com/
you should change the title
you should change the title of your post
Why??? ----------------------
Why???
----------------------------------------------------------
"Ehhh, What's ups Doc?" Bugs Bunny
"Scwewy Wabbit!" Elmer Fudd
----------------------------------------------------------
"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
because metals will not be
because metals will not be declining dramatically anymore
This is funny..because I've
This is funny..because I've been hearing the complete opposite from multiple sources..They say gold and silver will be both going up...
Regardless..I bought some yesterdayand plan on buying more soon...
http://www.lp.org/
http://mises.org/
Logic...
do you mind telling us what you bought (i.e. coins, and what denominations, futures, etc.), and where you bought them, and if you're happy with the sellers?
Thanks in advance...
--------
Fossils Rock!
'Cause there's a monster on the loose
this is the way I see it...
someone please tell me where I am wrong...
as long as everthing is moving along just peachy, day by day, week and month by month, well then, your elliot waves, your charts and whistles and "trends" can be calculated and predicted, i believe, with a very great amount of accuracy...that's fine...but...
what happens when an "event" occurs that "no one" sees coming?
a pearl harbor, a 9/11, a political coup, a stock market "correction" or crash...a US congress that does not capitulate to NWO/CFR threats of murder and refuses to pass a bailout bill (and sides with 95% of the American people)...what happens then?
don't we completely wash away the old axiom, the old model, the old paradigm and start all over from a new threshold?
how will you be positioned in that scenario...
do you have food, ammo, and precious metals or are you still bickering about which sine wave is the most predictive?
...and just for grins and giggles, what is the best that can happen if you are positioned well...nothing! and you have food and physical wealth to SAVE and pass to your children...
sleep well, sierra, my friend, i know i will
O Captain, My Captain, rise up and hear the bells!
its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
So............
do you recommend selling?
New Hampshire and Ecuador
Feb 10th, 8 am Central
Silver is advancing, currently at about $13.20. The rise so near $13.50 is the most likely outcome. The current advance is maintaining weakness consistant with an ending advance. Reversal should likely to be seen today from the $13.50 area.
----------------------------------------------------------
"Ehhh, What's ups Doc?" Bugs Bunny
"Scwewy Wabbit!" Elmer Fudd
----------------------------------------------------------
"Ehhh, What's ups Doc?" B.Bunny "Scwewy Wabbit!"E. Fudd
People's Awareness Coalition: Deprogramming Sequence
what I want to know is
what I want to know is this... since Silver is in shortage, how can the price drop? silver is a byproduct mine metal.. so since all these lead zinc and copper mines have shut down, thus bringing in even less silver during a shortage how can silver go down to 4.00! this would be economics of supply and demand in reverse.. Prechter has been wrong before, Alf Field uses elliot wave theory.. Alf says the exact opposite so we will see what happens.. if the price does bolt to 4.00 an once it will be paper futures only.. the manipulated fake silver. this will allow the 2 or 3 big US banks who are manipulating the gold and silver markets to cover their shorts and get out in one piece!
"When governments fear the people there is liberty. When the people fear the government there is tyranny."
-Thomas Jefferson
I am more concerned about the return of my money than the return on my money. --Mark Twain
“A prudent man foreseeth the evil, and hideth himself: but the simple pass on, and are punished.” (Prov. 22:3; 27:12 KJV)
Hey McCain-----┌П┐(◣_◢)┌П┐