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Replies: 2,672 / Views: 85,854 |
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Pillar of the Community
United States
1095 Posts |
Quote: Futures are showing $70.00, presumably due to current headline.... Nice  And it looks like Silver is back over the 200 day right now, which is a bullish sign. Let's see how long that can last. What I was afraid of, and what I had alluded to in my last post Friday was about what could have been if the markets had received the opposite of this "good news" today. With the markets at such a critical juncture this week, I was genuinely concerned about what tomorrow might bring. And I wasn't the only one. Those of us old enough to remember have witnessed "Bloody Monday" market crashes before. Hopefully that is all behind us, for real this time, that narrative might change and the markets and metals can focus on better things.. It's going to be interesting. 
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Moderator
 United States
188488 Posts |
Welcome back to the 70s.  I had to grab this image. The price was too cool.  
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Moderator
 United States
188488 Posts |
Chopping into the lower side of the 70s.  The financial markets are happy though. 
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Pillar of the Community
United States
2850 Posts |
Quote: And it looks like Silver is back over the 200 day right now, which is a bullish sign. Let's see how long that can last. I think the price continues to trade cautiously higher from here. The "Peace Agreement" declaration will be officially penned on Fri. & barring any wrenches in the machine, we'll see an $80 handle in a couple weeks.
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Moderator
 United States
188488 Posts |
Quote: barring any wrenches in the machine, we'll see an $80 handle in a couple weeks. 
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Moderator
 United States
188488 Posts |
We road the ups and downs today. Ended up in the the zone just below $70. Night crew is getting ready to impress. 
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Moderator
 United States
188488 Posts |
Looks like we are staying in the 70s. 
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Moderator
 United States
188488 Posts |
Dropped back into the ~$69 zone. 
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Moderator
 United States
188488 Posts |
Silver went back into the 70s a couple of times, but has stayed pretty close the $70 line. Will we see a boring shift for the night crew? 
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Pillar of the Community
 United States
5853 Posts |
Quote: Will we see a boring shift for the night crew? I'll take boring stability over an exciting crash anytime.
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Moderator
 United States
188488 Posts |
True. I was thinking about the other direction though. 
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Pillar of the Community
 United States
5853 Posts |
Well, just remember that old Chinese curse: "May you live in interesting times"...
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Moderator
 United States
188488 Posts |
That used to be a blessing. 
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Pillar of the Community
 United States
5853 Posts |
Yeah, the sort of "blessing" you give to your enemies. Sort of like when somebody says something monumentally stupid and you say, "Well, bless your little heart -- aren't you precious?" 
Edited by barryg Yesterday 9:47 pm
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Moderator
 United States
188488 Posts |
Quote: Yeah, the sort of "blessing" you give to your enemies.  Quote: Sort of like when somebody says something monumentally stupid and you say, "Well, bless your little heart -- aren't you precious?" I live in the South. That sentiment gets shared on the daily. 
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Replies: 2,672 / Views: 85,854 |