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millwright

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#81
Silver is looking very, very bullish.

We have cleared the fib levels from the move down to sub $15, we have a clearly defined uptrend, the technical indicators have plenty of room to move upwards and the fundamentals are acting as a strong wind against our backs. This is much different than the first time we were at this level a few years back. Back then, the speculation was rampant and sky high. This time, there is so much fear (even among the bugs) that skittishness reigns. This bodes well for silver to continue to rise - slow and steady - stealthily.

I am intensely curious as to how high we go with this wave (wave 5 of 1 of MAJOR THREE). Wave 5's sometimes extend which could take silver to ????? I would be interested in any thoughts any of you have on this.

I believe the parabolic phase for this move is imminent. We might be seeing the beginning of it now. This isnt the BIG one - just a snack in this bull run.

Can you tell I am bullish right now?

For what its worth Straw, after having lived thru these moves for years i now expect nothing but am ready for anything.

I am positioned well if Silver does break its resistence , and i will remain so until it does. Period.

Thanks for the charts.
 

Optimist

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#82
Silver is looking very, very bullish.

We have cleared the fib levels from the move down to sub $15, we have a clearly defined uptrend, the technical indicators have plenty of room to move upwards and the fundamentals are acting as a strong wind against our backs. This is much different than the first time we were at this level a few years back. Back then, the speculation was rampant and sky high. This time, there is so much fear (even among the bugs) that skittishness reigns. This bodes well for silver to continue to rise - slow and steady - stealthily.

I am intensely curious as to how high we go with this wave (wave 5 of 1 of MAJOR THREE). Wave 5's sometimes extend which could take silver to ????? I would be interested in any thoughts any of you have on this.

I believe the parabolic phase for this move is imminent. We might be seeing the beginning of it now. This isnt the BIG one - just a snack in this bull run.

Can you tell I am bullish right now?
Color me bullish too! Here is my viewpoint which I posted on 4/18/2010:
I was asked if the Silver Sidestep got sidestepped this year, and what price I would sell silver to take some profits. Here is my reply:

The Silver Sidestep is obviously not on schedule for this year. I really have no basis for guessing when it will reappear, so I cannot offer any timing advice to anyone else. To paraphrase Justice Potter Stewart, I don't know when precious metals will rally strongly again, but I will know it when I see it. I continue to hope that a surge in the prices of silver and gold will happen soon, but since I have no leverage or margin debt to worry about, I can simply hold my positions patiently and wait until the next price spike arrives. The top of channel lines on my charts are now approximately $39 for silver and $1,540 for gold. Those prices may seem outlandishly unlikely now, but no more so than a prediction of $14.50 would have seemed when silver was at $6.50 in the summer of 2005.

As for what price I will sell some of my positions at, I plan to use a phased approach in which I will sell a little of my silver holdings beginning around $25, and gradually increase the amount that I sell into still higher prices. If Silver gets up to the top of my channel line above $39, my guess for now is that I will have sold no more than a total of half of my position into that rise. If silver does not get high enough for me to take some partial profits soon, then I will wait for the next opportunity later. Let me reemphasize, however, that this is only a plan for me to take some profits in my positions, and it is not advice for other people to do anything similar. Best of luck to all of us. Cheers! Jim
http://sitekreator.com/Optimist/viewpoint.html
 

DHAWK

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#89
Come on silver baby...lets go!

<object height="385" width="480">


<embed src="http://www.youtube.com/v/vCadcBR95oU&hl=en_US&fs=1&" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" height="385" width="480"></object>
 

StateofJefferson

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#90
Silver off 4% at this time. Volatile markets are what we can expect from now on.
 

GoldWampum

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#91
Silver off 4% at this time. Volatile markets are what we can expect from now on.
Except when they're not. :biggrin:

EDIT: More often going forward however, I agree.
 

Strawboss

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#96


Rough day for silver. Crazy as it sounds, we are much better off having sell offs like this so we can build a higher low from which to assault upside resistance. The higher price goes, the less of a loss %wise a $1 represents.

Also notice that silver stocks as a group didnt do too badly, all things considered. 3:1 leverage, like we have seen many times before would have been good for a 15% crushing in times past. That is a signal of the inherent strength of this move to challenge the previous high above $21.

I am still bullish, as the only thing that will tank silver is a good solid thrashing of gold, and I just cant imagine that in the current climate. We wont see that until gold reaches $1350ish.
 

Strawboss

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#98
I dont consider 5% a total wipeout - not with silver. 20% in a day - then we are talking wipeout. Lets see what the RSI does on the daily chart - that will be telling if it goes below 40.

So you are a Silver Elder, huh?

I'm afraid its over for the year. We've simply run out of time. No way Silver will stage a pre summer rally.
Today was an unexpected wipeout. Time to close up shop and sell?
 

anywoundedduck

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#99
I dont consider 5% a total wipeout - not with silver. 20% in a day - then we are talking wipeout. Lets see what the RSI does on the daily chart - that will be telling if it goes below 40.

So you are a Silver Elder, huh?
Silver Elder? What a friggin joke. Over 1300 messages, nearly all negative on gold or silver. His message is sell sell sell. A paid shill, if there ever was one. Goldies has turned this forum into a sewer. Newbies don't stand a chance. If you listen to his advice, get ready to lose some big money. Goldies is batting zero with his PM forecasts, but he is batting a 1000 always after the fact. What a joke. What a friggin joke!:36_11_6:

AWD
 

Strawboss

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I dont think I had 1300 posts in several years over at the previous GIM site.

Silver Elder? What a friggin joke. Over 1300 messages, nearly all negative on gold or silver. His message is sell sell sell. A paid shill, if there ever was one. Goldies has turned this forum into a sewer. Newbies don't stand a chance. If you listen to his advice, get ready to lose some big money. Goldies is batting zero with his PM forecasts, but he is batting a 1000 always after the fact. What a joke. What a friggin joke!:36_11_6:

AWD
 
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You guys are getting mad at me for calling the drops? It seems I'm the only one at Gim that can do it. Have a great day, mates.
 

Curtman

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Silver Elder? What a friggin joke. Over 1300 messages, nearly all negative on gold or silver. His message is sell sell sell. A paid shill, if there ever was one. Goldies has turned this forum into a sewer. Newbies don't stand a chance. If you listen to his advice, get ready to lose some big money. Goldies is batting zero with his PM forecasts, but he is batting a 1000 always after the fact. What a joke. What a friggin joke!:36_11_6:

AWD
You Know, I like the way you think. You would make a great tech the way you observe data.
 

Curtman

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I dont think I had 1300 posts in several years over at the previous GIM site.
Thats because he was banned before he got this far. Boy those were the days. Now he is three incarnates on here at once.
 
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Curtman, banning people because they call for drops in the price is not the answer to your riches.. You are obviously trapped in the metal itself or are a hoarder and are incapable of selling.
 

Strawboss

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I nominate myself to be the counterbalance to Goldies views that silver is tanking and you should have sold while you could...(just in case there is anyone out there that is actually taking him seriously).

Silver is not "tanking". This is how silver moves. Violently. Up and down. We have seen silver move upwards $1 in a single day, we have seen it move down $1 in a single day. We have seen it spike up, we have seen it crash down. That is the nature of silver.

A trademark of silver is that in a bull market (that means a market where the price is progressively moving higher over time), the corrections are short, violent and will rip your throat out if you let it. This is precisely why you dont want to use margin in silver.

If this type of price action bothers you - perhaps you should consider investing/trading in a market that is more suited to your personal preferences.

What you saw yesterday is the nature of silver. Because of its dual nature (money and industrial commodity), it sometimes cant seem to make up its mind which it will act like (will it follow gold because its acting like a currency, or will it follow the markets because its acting like a commodity)?

Goldies - I would appreciate if you can constrain your posts on this thread to thought/analysis that are silver related. I am perfectly ok with you posting charts, giving your opinion of what you think is going to happen and why, etc... but, please dont post anything above and beyond that if it is not directly/indirectly related to the silver markets in some fashion. I would prefer for this thread to be kept relevant to all things silver with input from various members so that we can all be further educated and share from each others insights and experiences.
 
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Strawboss, i probably won't post on your topic since none of the charting here interest me much. I noticed reply #95 is what you will see in these kinds of topics.
If you were serious about Silver charting you would predict drops as well as rises. If I predict a rise, it will crash. My only option is predicting down.. I'm more of a buyer thats why I say down, down , and down.
Nobody understands me? BS.
 

grooveboi

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Strawboss, i probably won't post on your topic since none of the charting here interest me much. I noticed reply #95 is what you will see in these kinds of topics.
If you were serious about Silver charting you would predict drops as well as rises. If I predict a rise, it will crash. My only option is predicting down.. I'm more of a buyer thats why I say down, down , and down.
Nobody understands me? BS.
I don't think you're getting flack because of you bearish posts; in fact I remember your old posts on GIM and seem to see an individual who got burned badly in the PM market more than twice and simply plays devil's advocate and pessimistic in order to avoid another surprise to the downside. No problems there. But you are getting some adverse reactions for another reason ... and I ask this seriously, ... Do you ever sleep??

Groove
 

Strawboss

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Goldies, Buy/Sell signals depend upon the timeframe within which you are trading. I believe we are in wave 5 of 1 of MAJOR THREE and that there is more upside to come in this move. If I believe that, why would I sell? If I am proven wrong on that - that is another discussion. When I look at a daily chart for silver, I dont see the argument for selling...



Strawboss, i probably won't post on your topic since none of the charting here interest me much. I noticed reply #95 is what you will see in these kinds of topics.
If you were serious about Silver charting you would predict drops as well as rises. If I predict a rise, it will crash. My only option is predicting down.. I'm more of a buyer thats why I say down, down , and down.
Nobody understands me? BS.
 

DHAWK

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Boss, this is what I see...
I think this little correction will be real quick.
JMHO.

SILVER DAILY.JPG
 

4dabopper

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""Goldies - I would appreciate if you can constrain your posts on this thread to thought/analysis that are silver related. ""

""Strawboss, i probably won't post on your topic since none of the charting here interest me much. ""

""I don't think you're getting flack because of you bearish posts;""

Goldies - Posts Per Day- 40.01


Out of 1585 posts around 50 made sense (hey that's my post total), the other 1535 were just a waste of ban space and readers time. Any one that post 40 times a day/night to this site, well what else need be said. It's gone way past from being "cute" to being obnoxious.

Now where the hell is that ignore button??!!

Enough said
 
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Curtman

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The guy is here to drive members away and get them to another site. There is a silly ass vendetta going on and he and his two incarnates are just tools. He has some serious multiple personality issues and should be in a straight jacket in an asylum. Besides being a menace to society he is a damn moron.

And I agree with Hawks take a few post back in the chart. Good work on the charts bossman
 
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Why should I care if any of you get burned buying Precious Metals? You are big boys. Do you shed one tear for my losses? The thing to remember is don't pump Silver. If you bash it , it will rise. You guys pump, so it drops.
Show me one post where someone who run a topic like this warn of a coming drop.
 
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4dabopper

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Re: Or you could just do some old fashion, buy da physical and forget it, it's called

long term investing.


<a href="http://s268.photobucket.com/albums/jj5/4dabopper/?action=view&current=last-10-years.jpg" target="_blank"><img src="http://i268.photobucket.com/albums/jj5/4dabopper/last-10-years.jpg" border="0" alt="Photobucket"></a>

Any one that has bought and held long term has not done badly. And doing nothing else, but buying, holding and just waiting.

""The thing to remember is don't pump Silver. If you bash it , it will rise. You guys pump, so it drops.""
 

Hystckndle

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""Goldies - I would appreciate if you can constrain your posts on this thread to thought/analysis that are silver related. ""
""Strawboss, i probably won't post on your topic since none of the charting here interest me much. ""
""I don't think you're getting flack because of you bearish posts;""
Goldies - Posts Per Day- 40.01
Out of 1585 posts around 50 made sense (hey that's my post total), the other 1535 were just a waste of ban space and readers time. Any one that post 40 times a day/night to this site, well what else need be said. It's gone way past from being "cute" to being obnoxious.
Now where the hell is that ignore button??!!
Enough said
Bopmeister,
MOP is as follows:
Go to members list at top of page.
Go to members' page.
Select " Add member to ignore list "
My words might be mixed up.
But it works.:biggrin:

@ Goldies,
You have already been warned about spamming threads.
If someone asks you to not post on their thread,
( Hint Hint )
I would think you would heed their request.

Regards to all,
Haystackneedle
 

GoldWampum

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What I have been pondering is the Monthly Silver chart. Be assured that my mind operates on a much less extravagant scale than some of the hunnert post a day gurus on the board, but give me some thoughts in return if you like.

silver weekly.jpg

Notice we are in the same channel we were in 2 years ago with Silver. At that time it had reached a peak and took a long leg down. Remember it had been goin up for a pretty good stretch. 2 years later we have gotten back to that channel.

Notice where the current price is... smack dab in the middle of that channel. Also notice this is a major pennant in the bull run of this decade. While I would not be surprised to see it channel there for a couple 3 months, I think late summer to early fall we are primed to first challenge the 21, then no surprise here if we hit 25 before the year is out.

The monthly: This is why I've said possible sub-17 before 21 again.

silver monthly.jpg

Just some simple thoughts from a simple mind.

Man this crap takes forever don't it?
 

Curtman

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Godlwampum, I think 16.68 is also the critical area, if it fails there it is going deep. I do not think that will happen though because of the China and GS Put. Once gold stops silver does also and it is about there. Thats said the GS and JPmorgan piled on more shorts today but that was to try and beat it down and it is not have the effect on the shares. Remember the days when the share lead the way up? We seem to be entering that cycle again. HUI XAU charts are worth of a look.
 

GoldWampum

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Godlwampum, I think 16.68 is also the critical area, if it fails there it is going deep. I do not think that will happen though because of the China and GS Put. Once gold stops silver does also and it is about there. Thats said the GS and JPmorgan piled on more shorts today but that was to try and beat it down and it is not have the effect on the shares. Remember the days when the share lead the way up? We seem to be entering that cycle again. HUI XAU charts are worth of a look.
Pretty much the way I see it too Curt. Thanks for adding a few fundie facts.
 

Master_Ho

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""Goldies - I would appreciate if you can constrain your posts on this thread to thought/analysis that are silver related. ""

""Strawboss, i probably won't post on your topic since none of the charting here interest me much. ""

""I don't think you're getting flack because of you bearish posts;""

Goldies - Posts Per Day- 40.01


Out of 1585 posts around 50 made sense (hey that's my post total), the other 1535 were just a waste of ban space and readers time. Any one that post 40 times a day/night to this site, well what else need be said. It's gone way past from being "cute" to being obnoxious.

Now where the hell is that ignore button??!!

Enough said
If one puts him on ignore - he will have less posts - he'll have nothing to respond to..........
 

Curtman

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If one puts him on ignore - he will have less posts - he'll have nothing to respond to..........
Howdy Ho, Thing is a person should nat have to do so. Everybody who has addressed it has been polite. At least till their request was met with stalking trolling post. Guy needs to go back to Kitco or Romper Room anywhere. Hes sticks out like 1970's Hollywood Pimp in the Vatican. Big Feather and all.