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 Replies: 5,643 / Views: 459,226 |
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Valued Member
Canada
78 Posts |
You say you are a technical trader...so why are you posting on a forum like this. You are posting on a forum in which people buy physical silver.
This is not a "paper trading" silver forum. With transactions costs on physical silver...pretty hard to make money on short term technical trades.
You even say CB's will continue to stimulate until grow catches on...pretty good thing for PM long term.
I will state actually numbers...I say silver is unlikely too go below 26.50 in 2013. I bought a pile of silver last week when everyone panicked on fed minutes that stimulus may be pared back. So do I care if I may be able to get it 2 bucks cheaper...not really. I am confident at some point in 2013 I can get 35 bucks for it.
And it is all...physical silver...enough to make a small coffee table.....
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Valued Member
Canada
78 Posts |
Silver can drop too 26.50 tomorrow and not afraid my friend...will get 35 bucks for it...mark it down.
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Valued Member
Canada
78 Posts |
The fed is my friend...lol. What silver is up so far tonight....
Watch for stimulus talk for next few months after financial data comes in...all medicine she needs.
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Pillar of the Community
United States
1304 Posts |
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Pillar of the Community
 United States
3789 Posts |
My intentions and my statements have nothing to do with predicting prices. TO be successful one only needs to spot trends via price.
Thus far, price and volume clearly are stating that these two PMs are in a down trend. Anyone who tries to buck a trend in the opposite direction is always run over.
... and again you are wrong. Anyone who is in the markets can see how going forward since November, even after Fed meetings, silver and gold have gone lower even with talk of continued stimulus. Stimulus is not going to make gold and silver go higher at this stage,,, because global economic conditions are getting better.
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Valued Member
Canada
78 Posts |
You have stated very little information in your post...wow..you noticed after the fact PM had a drop...and then stated they are in a downward trend. Lol, really usefull information.
EVERY single fund manager of billion dollar funds...says loose money has largely contributed too DOW reaching new highs..yet a guy named YUP is supposed to be the financial god and should be listened to over this guys?
Silver and gold went down lower last week cause people are speculating the "easing" may stop...and then with higher interest rates...people will sell PM to get a return. You do understand PM's dont pay interest...
Economic data has come in both good and bad. Have a balanced opinion...do not ignore the bad data.
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Pillar of the Community
United States
5821 Posts |
It's easy to see that gold and silver are in a long-term upwards trend. Or that they were in an upward trend and have now plateaued. Or that they are now at the beginning of a downward trend.
It's either one of the three, but stating one as an "obvious" fact doesn't make it any more likely than the other options.
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Pillar of the Community
United States
3789 Posts |
@Kav
clearly you miss the point always. I dont need tons of data. I need only price and volume, and it is saying silver and gold are in a downtrend for the time being. Data, good or bad, is useless to me.
Its a shame you dont understand the simple concept with price but its easy to understand that you hold your hope in higher PM prices when the market is steadily selling them off.
that is the whole gist of this thread, that I am saying silver and gold are in a downtrend, period. Nothing has changed.
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Pillar of the Community
United States
1200 Posts |
Barryg---You hit the nail on the head with unprecedented insight, accuracy and succinctness.
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Valued Member
United States
380 Posts |
Quote:
Many times as humans, because of either stubbornness or lack of knowledge, or even perhaps emotional reasons, we cling to what we believe to be true because we want it to be so, thereby ignoring the bigger picture that is supported by facts. I believe you are right there YUP. People are ignoring the fact that most Americans are struggling to get by right now. People are ignoring the FACT that our fiat money system cannot keep interest rates down indefinitely. When that day comes, and I believe it will be soon, we will see a true crash. We cannot spend our way out of this. Anyone with common sense that can do basic math, knows that spending more doesn't reduce what you owe. Like Kav was saying, I hold physical silver. It makes me feel better to have something with intrinsic value to hold on to. It's been used as money as far back as we can remember. I don't think that will change when our dollar is worth NOTHING, and our Country is bankrupt. |
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Valued Member
United States
380 Posts |
My great hope right now is that WE THE PEOPLE go and buy tons and tons of PM's right now while the fat cats are dumping them. We can always elect a new and better Government that works for us like its supposed to, not the other way around. The Gov. is a servant of the people, not a mother to suckle from.
Edited by Arcticsparky
03/05/2013 3:45 pm
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Pillar of the Community
United States
3789 Posts |
@Artic
well, theres no doubt everyone, if they can, should hold some PMs for the long haul.
That said, the whole point of my thread is the price, the current trend that has been developing for months... and that better prices can be had.
I can only guide myself by price, the trend and what industry groups are moving in equity markets. This puts me in the camp that we aren't going to crash, that while growth is slow, we are growing and things will be getting even better with each passing month. .... and that brings me to the point that money needs to be put to work in areas where it will work and move on, which gold and silver PMs aren't part of that for the time being.
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Valued Member
United States
102 Posts |
the usa and the rest of the world is and will from here be asset driven, fiat cash will be butt wipe paper
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Pillar of the Community
Canada
815 Posts |
Fat Freddy, I trust JM more than others, yes.
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Pillar of the Community
United States
2543 Posts |
There's a storm coming , we're kind of in a holding pattern now so there is sideways movement in the weather, but if there is moisture in the air, it will rain. If there is a lot of moisture in the air, then it will rain really hard. If there is no moisture in the air then it won't rain and the clouds will clear and it will be sunny, unless the clouds stick around , then things will stay the way they are. So to simplify things, it looks like it is going to rain, unless of course it doesn't rain and the weather will just remain in a holding trend. Unless of course the clouds clear, then it will get sunny. Oh wait ................. that's a weatherman ............ not a commodities trader ............. sorry, my confusion  |
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Replies: 5,643 / Views: 459,226 |
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Posted 03/05/2013 02:02 am
