Silver Stackers Forum

No No No.   $10 . You Can Dooo Eeeeeeeeettttt!!!!!!!!!!!!!

YUP!!!, with pickup, so all was in order

I guess Roo and Numismation are stacking fiat short term? I am...ready to of off load at the right time...

I think we will see $14...maybe lower by the end of FEB then sideways until May...after that,all bets will be off...(based on 100 day cycles)

Family friendly please folks

Interestingly, this thread was started when we all got excited about silver jumping to... $17.46 AUD. Silver has fallen back to $17.50, and we're all excited about how cheap it's gotten!

hobo-jo wrote:

SilverSale wrote:

The next couple of nights should give you the direction it is headed.
I still think down, but we shall see soon enough!

I agree that the next few days will be very telling.

Gold is just above the trend line when using the $680 low as a bottom.
If it decisively breaks that trend then I think a retest of $1050 likely, retest of $1000 possible.
http://img688.imageshack.us/img688/5593/goldtrend.png

Personally though I think Gold will hold the trend and rally from here. We should have strong support for the physical market with the Chinese New Year, reappointment of Bernanke, increase of the US debt ceiling by $1.9T, etc.

If Gold can break up a little in the next day or two then I see a very bullish scenario where Gold could shoot up $20+ quite quickly, no doubt taking Silver with it.
http://img525.imageshack.us/img525/6743 … 0small.png

I don't have much dry powder, but if I did I would be sinking it heavily into this dip and buying more with any further correction.

i'm not convinced that it will drop further.
it broke $1,050 and shot back up to $1,067 and there's strong support on this level.
Perfectly formed what  Martin Prings calls "pinocchio bar" i.e  pinocchio's nose when lying. It lies that the price going down.
Same with silver
Let's see what happens next week. just my 2 cents

....under $15............. $14........... I See You............

hlauw wrote:

dang, just opened weekly chart
50% fib retracement from low $8.41 (27 Oct 08) to high $19.44(30 Nov 09) is about $14.00 (rounded number)
you might get what you ask for Roo

I ask for 13.. I wish for 10

Load of Bullion wrote:

Well, at least I own some palladium.

A recent acquisition?

THIS IS HOW MANIPULATED THE GOLD AND SILVER MARKETS ARE MY FRIENDS


Adrian Douglas of MarketForceAnalysis.com took a look at a summary of the goings-on at the Comex, and says, “the data reveals a very shocking trend. That is that the registered (dealer) inventory is being drawn down at a phenomenal rate. In silver the inventory has dropped by 24% in 6 months while in gold it has dropped an eye-popping 41% in 6 months!”

Already my eyes are glazing over at the sudden overload of information, most of which I know nothing about, but know that I should, and feel uneasy that I don’t, and guilty that I don’t even want to because it involves work and initiative, or, in this case, listening to the equivalent of, “blah blah blah silver and gold are going to go to the moon not only because the Fabulous Mogambo has thus foretold it, and the Austrian school of economics has explained it, but that blah blah blah at the Comex warehouses” and then I end up getting most of it wrong anyway and I look like an idiot.

So, already reeling in confusion, I was thus rendered almost comatose when he relentlessly went on, “The withdrawal to deposit ratio for registered silver is 14:1 and in gold it is 5:1” and which, again, is meaningless to me because I am, as I already admitted, ignorant and lazy, which is a crushing handicap, now that we are talking about it, that should enable you to qualify for a Handicapped Parking sticker for your damned car so that you can get some of those terrific Handicapped-Only parking spots, right up front, wherever you go, but the application for which can be rejected by a snotty clerk, out of hand, on her personal say-so, although she volunteered that my “abrasive, demanding, incoherent and repellent personality is a real handicap, too, but there is no sticker for that, either.”

CONTINUED

http://dailyreckoning.com/gold-and-silv … e-you-can/