I'm guessing the dept-ceiling being raised has something to do with it.
-L
-L
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Silver next upswing
- Thread starter d-lod
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I think this thread is so quiet due to the fact nobody knows which way silver heads next. Expect silver to bounce around due to massive floods of paper silver. Once Iran makes the front page of newspapers, light the rockets!
Absolutely correct lhslancers3270
The daily chart has given positive divergence since second bottom at 26$, while weekly and monthly charts are not giving this positive an indication. The time frame suggest that the reaction phase was equivalent by 1, if it is on impulsive wave.
On weekly the momentum is continuing southward journey, which is an indicator, to be watch full of. With dollar index high the exchange for gold and silver has taken place at a bigger level.
Gold has different story, it yet has to complete its journey.
If silver is in impulsive wave than it has finished two minor waves, right now it is in correction wave.
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Silver closed above $35 two days already - Feb. 23 & 24.
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I'm going to try to post a graph
If this worked then we can see the resistance line in play. Once taken out I would target silver to move into the $70 range before the next correction could take it back down to current levels before the big ass run :). Silver will make those inflated highs in the years to come but not without taking out all the weak hands and sending them packing for good :)
If this worked then we can see the resistance line in play. Once taken out I would target silver to move into the $70 range before the next correction could take it back down to current levels before the big ass run :). Silver will make those inflated highs in the years to come but not without taking out all the weak hands and sending them packing for good :)
Friday closing of 35.50 is the most important level.
When Monday open lower than Friday closing and closes above it, that is sure fire strong bullish parameter.
Let see today is very important day.
When Monday open lower than Friday closing and closes above it, that is sure fire strong bullish parameter.
Let see today is very important day.
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I believe we will have a retracement of the wave I've outlined here. For Wave 1's the normal is a 0.618 or just under $30. Waves are always highest probability analysis.
Patients is always the biggest key for things to become clear. I am still trying to learn that lesson as it costs money to learn it :)
Patients is always the biggest key for things to become clear. I am still trying to learn that lesson as it costs money to learn it :)
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Obviously no one knows exactly what's going to happen, but how likely is that to happen? If it does, you could sell some at around $70 then--when it went down to around half that you could buy about twice what you sold.
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It sounds simple, yet it is very hard to do :biggrin:
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Only way to know is to assess if and when we get there. I'll be the first to admit I've been wrong about markets before. Some points are clearer and more sure than others. I'm still learning to only take action on those of the highest surety. I did buy everything I could in the $28 range on the second dip. Previous post outlined when I bought 12-14. Wasn't the bottom but sure could smell it from there :)
If all this is being manipulated...what's the point of charts? No disrespect but, I think we need to know the "inside guys" for the dips and such. Of course, when TSHTF and Crimex is gone, then we'll see 200 dma be a thing of the of past...then it's time to sing "Rocket-man"...otherwise...I'm holding and watching.
Exactly. Stick with the fundamentals. That's what the buy-and-hold physical silver long term investors do. The TA guys get so twisted up in their terminology they forget the fundamentals.
Just look at the title to this thread. Silver "correction"?? WTF. Silver is manipulated DOWN. When sopt price goes down, it's not a "correction" at all. "Silver next manipulation" would have been a more apropriate title.
Sorry for the rant. :eek:
That is it, many on GIM will envy you for doing right, and it was made possible because of your knowledge of chart and technical analysis.
From the comments of posters we can learn how many times they have fathom the bottom and raided the top. I have personally lost my win, from 2007 correction and that is why I pay more attention now to correction.
Let begin the new era of next upward wave, should we continue with same thread or start new?
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Well,being a new year and all,maybe you could "freshen it up" a bit with a new thread title,while keeping the old info.
Well,being a new year and all,maybe you could "freshen it up" a bit with a new thread title,while keeping the old info.
Do you mean a new title or editing this title?
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Most markets have manipulation forces. Stocks have the plunge protection team. That doesn't mean technical analysis doesn't apply or is unuseable. Sometimes the biggest use is to know when your analysis is wrong. Each person has to decide what is the best way to stack and this thread is all about technical analysis and D-lod and others have put forth very valuable info. Take it and use it or throw it in the trash as you see fit.
I guess I would say editing at the point when totally convinced the correction is over and the next wave up has begun.
I guess I would say editing at the point when totally convinced the correction is over and the next wave up has begun.
Other markets are manipulated for the purpose of making money off the manipulation, both upward and downward. Gold and silver are very different in the sense that they are manipulated DOWN for the purpose of keeping the dollar up and to prevent these metals from becoming and alternative to the biggest scam in the history of mankind; the Federal Reserve note.
You must be hoarding the real stuff.
Technical analysis is different than manipulation. With satellite for every street, there can not be so much manipulation.
Chinese with eastern wisdom, are selling their dollars at higher prices and getting gold at lower prices. If you see currency stuff, it is only in USD that both metals were made cheaper at the price of Nov 2010, but in other currencies they were higher, nearly 2011 march prices. So swap was of USD and cheaper gold/silver.
It is never called manipulation, its called street smartness.
And about your unlimited experiences with manipulation, I would say, it is just technical analysis. This thread has limited posting and go through each one of that, and other previous thread by me. Except for previous correction, my analysis had stood test of manipulation.
I do not post when I do not foresee changes technically.
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Im convinced :) Although there will always be corrections even in parabolicly up markets. We are overbought at the moment and expect to see a correction soon.
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When you say correction-how much of a correction do you mean?
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More of a pause with a partial retracement of the move from $26 to over $37. Would not expect it to go below $30 at this point. Markets will always stair step and never in a straight line.
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I just want to say technical analysis indicated the silver market was overbought. People will jump on the manipulation bandwagon today on the smackdown. Technical analysis takes the emotion out of this and allows me to sleep very easy at night not being suprised by this move today at all.
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I would like to state for the record RIGHT NOW...
We will experience price volatility - a zig-zagging, if you will, in the paper metals prices in the near future... and the distant future.
My testicles says so!
I meant technicals!!!
We will experience price volatility - a zig-zagging, if you will, in the paper metals prices in the near future... and the distant future.
My testicles says so!
I meant technicals!!!
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Yup...you're very consistent.
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lol do you have some kind of sick obsession with me? you seem to follow me around and make bizarre replies to my posts that I don't even understand the majority of the time.
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C'mon TB. It's not personal. Hoarder's cool. Though he did email me my social security number when I requested it from the SSA. That sorta freaked me out.
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Really hoping dlod, kitcko and others won't backoff. There is strength in numbers and viewpoints. For those that don't buy into technical analysis what is your purpose in a thread about technical anlaysis other than to troll? Really doesn't bother me just seems like such a waste of time.
The purpose is to remind you that the validity of testicle analysis is dwarfed by the importance of the fundamentals.
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Oh well thank you impotent one.
Thanks lightcycler,
I visited thread yesterday to post same, but as you did that, so I just enjoyed your leadership.
Fundamental and technical are two different thing. I will tell you my story, I bought a company's stock for its management team and product analysis of market. Had ti sit tight for long nine years, that made me pass technical analysis from Canadian Securities.
Technical analysis and fundamantal both is required but the advantage is TA gives cutting age............
I bought major chunk of gold and silver in 2000, and enjoying its ride except for last correction, I have tripled my original physical..............
I visited thread yesterday to post same, but as you did that, so I just enjoyed your leadership.
Fundamental and technical are two different thing. I will tell you my story, I bought a company's stock for its management team and product analysis of market. Had ti sit tight for long nine years, that made me pass technical analysis from Canadian Securities.
Technical analysis and fundamantal both is required but the advantage is TA gives cutting age............
I bought major chunk of gold and silver in 2000, and enjoying its ride except for last correction, I have tripled my original physical..............
Gold is currency of distrust and it would appreciate till US president don't rely on FEAR for peoples vote.
Why only Iran and Iraq are attacked again anad again.................Is it because of refusal to take payment for oil in USD?
At time of presidential pole first it was anthrax and now bin laden dead?
Lots of question for fundamantalist?///////