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Silver Blow-out

Joined
Apr 1, 2010
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#1
Well, looks like the bear trap broke. I think we're heading for the 20's. Preparing for a truck back-up purchase before QE3 effects in the fall.:smile:
 

Chester-Copperpot

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Platinum Bling
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Aug 24, 2010
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#3
I'm no expert but I think silver will just move side to side for a few months. At this moment in time I'm happy still stacking at $38.
 

Silver Sayyid

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Mar 31, 2010
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#4
doubt we will see 20's again, hope we do, but if and when it happens you won't be able to find any physical
 

silverblood

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#5
I bought at $37 recently, but I would gladly buy again (and much much more than I just bought) if the price went back to the 20's.
 

goldmaster

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Apr 23, 2010
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#6
Silver seems to track gas.

Gas prices will collapse into the fall, because this country (and the world) cannot handle this expensive oil.

Businesses will fail, unemployment will increase, real estate will fall, and gas demand will get smacked down.

All of these things signal a drop for silver in the back half of the year.

To me, $30+ silver is just not attractive. But, more paper printing by Bernanke could trump all. Though, I doubt it.
 

wjv

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Apr 2, 2010
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#7
33 -> 39 -> 33 -> 39 all summer long. . . .

I swear that stackers are bi-polar. Every time it goes down a buck or two people start predicting a crash. Every time it goes up a buck or two, the same people are yelling "here it goes - to the moon!" :dontknow:
 

Voodoo

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#8
I think and am hoping that we get another swift leg down in silver in the next two weeks to coincide with Martin Armstrong's longer cycle turning point on June 13-14. I believe we will see the 20's maybe very briefly but $28-30 is certainly not out of the picture, with a more remote possibility of $23 an ounce. I don't think we will see that and if we do it will be on large intra-day volatility.
 
Joined
Mar 29, 2010
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#9
I think and am hoping that we get another swift leg down in silver in the next two weeks to coincide with Martin Armstrong's longer cycle turning point on June 13-14. I believe we will see the 20's maybe very briefly but $28-30 is certainly not out of the picture, with a more remote possibility of $23 an ounce. I don't think we will see that and if we do it will be on large intra-day volatility.
I would not get too hung up on the Armstrong date. A big one projected a few years ago was miles off. More likely we get a good buying opp before Labor Day. If we do get a large smackdown into the 27-29 area in a couple of weeks I will jump on it but I don't think we get really low anytime this month.