Silver Spot Below $16 By The End Of 2017 - Page 2

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Author	Replies: 21 / Views: 3,892	Page: of 2

Overcon New Member United States 41 Posts	Posted 12/07/2017 8:03 pm Sure, it's $15.78 right now :) Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 12/09/2017 12:10 pm http://news.goldseek.com/COT/1512765091.php Gold & Silver Futures COT report weekly update: (num of contracts held by Commercial Traders, each contract is 100 oz of gold) Long 132,509 +15,678 Short 322,399 -40,973 Commercial Traders were unwinding their massive short positions in an unprecedented speed, wow. At current rate, two more weeks, we could see an interim bottom. Isn't that Christmas? Didn't I tell you wait until Christmas? Report this Post to the Staff
Steele Pillar of the Community United States 1119 Posts	Posted 12/11/2017 9:49 pm My bullion dealer had mentioned to me this weekend many people had been in in the last week or two selling physical silver and gold to buy Bitcoin. I can only assume there are many more people selling paper to do the same Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 12/12/2017 11:28 am Since GSR (Gold-Silver-Ratio) is hitting high end of box range, I believe Silver price's volatility might reduce. In other words, Silver price movement might track gold's by 1X, instead of 1.5X or 2X. If gold's price target is $1220; then silver's would be $15.4x area. Report this Post to the Staff
1cent Pillar of the Community Canada 1051 Posts	Posted 12/13/2017 10:52 am Arrggg browser redirect. Edited by 1cent 12/13/2017 10:53 am Report this Post to the Staff
leon1998 Pillar of the Community United States 586 Posts	Posted 12/14/2017 09:35 am Three-step ABC down wave. Wave A: from 1300 to 1240, about 60 in size; Wave B: from 1240 to 1263, (38.2% fibonacci retracement); Wave C: equal or larger than wave A, from 1263 to 1203! I am using Elliot Wave; since Banksters' short position is still heavy if not massive that there is very likely another leg down ahead. In other words, this rebound will be short lived. Report this Post to the Staff
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