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 Replies: 2,863 / Views: 93,458 |
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Pillar of the Community
United States
1140 Posts |
Quote:
I expect big moves after tonight's presser. I take it that the speech didn't put any confidence or optimism back into the Markets?  Everything across the board is going to open firmly in the Red this morning.  I sure am glad that I'm still short in a few names. Silver should be screaming Uncle soon. Gotta wait for a few more bears to show up before we get that bounce.  |
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Moderator
 United States
190660 Posts |
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I take it that the speech didn't put any confidence or optimism back into the Markets? Did we really think it would?  Quote:
I sure am glad that I'm still short in a few names.  Quote:
Silver should be screaming Uncle soon. Gotta wait for a few more bears to show up before we get that bounce. It kissed $56 again and pulled back down.  |
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Pillar of the Community
United States
1140 Posts |
Quote:
It kissed $56 again and pulled back down. I see $56.14 as I read this. (September contracts) Yesterday's close was $55.76 Today's open was $55.83 Today's Low & High so far are $55. & $56.28 Today's price range so far is $1.28 Gold is at $4010. |
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Moderator
United States
190660 Posts |
Not really the shakeup I expected today.  I should know by now to temper my expectations.  |
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Pillar of the Community
United States
1140 Posts |
It's feeling like we're at or close to maximum pain.
So I bought a little bit just because of the sentiment I'm seeing.
Maybe I'll squeeze a few bucks out of it, if the Bull's get some overdue pain relief today from all the suffering over the past few weeks.
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Pillar of the Community
United States
7299 Posts |
I'm still waiting for it to get into the low 40s and I'll start buying again.
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Moderator
United States
190660 Posts |
Quote:
It's feeling like we're at or close to maximum pain. Perhaps.  Quote:
So I bought a little bit just because of the sentiment I'm seeing. Fells good, eh?  Quote:
Maybe I'll squeeze a few bucks out of it, if the Bull's get some overdue pain relief today from all the suffering over the past few weeks. It is back in the ~$56 zone on my charts. |
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Moderator
United States
190660 Posts |
Quote:
I'm still waiting for it to get into the low 40s and I'll start buying again. You might be in for a bit of a wait. Maybe not, but I believe you are. |
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Moderator
United States
190660 Posts |
Still chopping in the ~$56 zone. |
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Pillar of the Community
United States
1140 Posts |
I bought in at around 10am and got out around noon, caught the small bump up, it paid for lunch but that's about it. Not a lot of action or profit to be had trading silver these days for us common folk.
It's taken almost a month to see a $6 range in the metal, to put things into perspective. For anyone setting target's over $10 away, it might be awhile.
$55.80ish (AKA the ~$56 zone) showed some support the last couple of days so it is a price level to watch for next week. If the selling subsides, and it holds, it could be the next base on which to build on.
In markets just as nothing goes up forever, nothing goes down forever either.
Edited by Harry213
Today 2H 34M ago
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Moderator
United States
190660 Posts |
We shall wait to see what the next week brings.
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New Member
United States
35 Posts |
I think it's headed to about $35, but it will be awhile. It's going down pretty much the same way it went up, just not as fast. Stair stepping down, stabilizing for a bit, then stepping down again.
It has been a long time since the Bunker Hunt run-up, but I made out like a bandit both times. I doubt I will re-buy this time around.
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Moderator
United States
190660 Posts |
I believe $50 is the limit. Time will tell. |
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Replies: 2,863 / Views: 93,458 |
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Posted Today 8H 24M ago
