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View Full Version : Bottom for Silver is In


Quagmire420420
09-26-2011, 07:32 PM
The failure of the bears and shorts to hold critical psychological resistances at 30 signifies that such selling activity is already nearing its nadir, if it has not been surpassed. I advise deploying 15-20% of your allocated dry powder for this cycle to buy each day.

Crazyness
09-26-2011, 07:46 PM
although i want prices to go up i think there will be wave #2 coming up soon.

Vortex
09-26-2011, 07:46 PM
The failure of the bears and shorts to hold critical psychological resistances at 30 signifies that such selling activity is already nearing its nadir, if it has not been surpassed. I advise deploying 15-20% of your allocated dry powder for this cycle to buy each day.

Could you translate that for us simple knuckledraggers - It sounds interesting .- I just dont understand. :o

Port2
09-26-2011, 07:50 PM
So you think the run up to where we were resumes from here? No more pullbacks to the $26/28 level?

Holy_Peanuts
09-26-2011, 07:51 PM
Vortex, he said that the people selling silver couldnt keep it under 30$ and the selling might be nearing an end, and maybe even more buying is happening now than selling. Recommends using 15 to 20% of your cash on hand to buy silver.

Feral child
09-26-2011, 07:53 PM
Dewd, do you want me to pull up your last 'the bottom is in' thread?

seetrader1
09-26-2011, 07:57 PM
I think we'll see 19.50 before this correction is over.

Vortex
09-26-2011, 08:02 PM
Vortex, he said that the people selling silver couldnt keep it under 30$ and the selling might be nearing an end, and maybe even more buying is happening now than selling. Recommends using 15 to 20% of your cash on hand to buy silver.

Thank you sir - Much better !

Jamesbong
09-26-2011, 08:38 PM
Wow I thought I was high.

Quagmire420420
09-26-2011, 09:34 PM
Dewd, do you want me to pull up your last 'the bottom is in' thread?

Sure. Past results are no guarantees of future performance ;D

Long Term Investor
09-26-2011, 09:38 PM
It is rare to have a drop this significant and then go straight back up. Usually a big move down like this has a bottom tested at least twice before a big move back up. If we test around $28 or $29 again and then steadily move up, then I'll believe the bottom is in and we are on our way back up. So, I'm expecting another drop and hopefully $28 or $29 holds. Otherwise, we could be headed down to around $20. Don't let wishful thinking drive your investment decisions.

ManBearBull
09-26-2011, 09:39 PM
Yea there's going to be a 2nd wave. This is just the sucker bump

Quagmire420420
09-26-2011, 09:51 PM
Yea there's going to be a 2nd wave. This is just the sucker bump

How many ounces do you own?

SILVER PATRON
09-26-2011, 10:59 PM
I wouldn't predict where the bottom might be or the top. Who really knows? It's all opinions. The bottom maybe $5, the top maybe $60. But you have to admit, it sure is exciting!

Ophiuchus
09-26-2011, 11:24 PM
Could you translate that for us simple knuckledraggers - It sounds interesting .- I just dont understand. :o

LMAO...Thanks. You made my knuckledragging night. :D

Magzarillius
09-26-2011, 11:36 PM
Been thinking around 30 would be the floor but we shall see...

greatpanth
09-27-2011, 01:53 AM
you guys haven't heard?

It's going to $12 then to da moooon!

We (US) are waiting for Europe to figure out a way to capatalize the banks, when they do devalue thier currency that gives us (US) the go ahead to devalue ours. ;)

SilverMiner
09-27-2011, 01:57 AM
... Don't let wishful thinking drive your investment decisions.

Or a belief that charts remember how many times bottoms and tops are "tested" for that matter. Different dynamics in play all the time, every day. Long term is all that matters for investors.

ToDaMoonBuffoon
09-27-2011, 02:00 AM
Or a belief that charts remember how many times bottoms and tops are "tested" for that matter. Different dynamics in play all the time, every day. Long term is all that matters for investors.

Clive was one of the few who called this perfectly, a thread was even made about his article a few weeks before this happened.

Mighty Mouse
09-27-2011, 02:04 AM
LMAO...Thanks. You made my knuckledragging night. :D
He said knuckledragging.:D
Spell checker hates that word.:)

yellowsnow
09-27-2011, 02:14 AM
we can bickers all we want whether silver would retest 28-29 or 19.5 or even manbullbear $10 level. Bottom line is, can u get phyzz at those dreamy prices?

Maybe it can go down that low but it would be intra-minutes price, how many here bought silver at 26's intra low? :p
If u didn't get them at low 26's, then all the jive talking about how much lower silver can drop is meaningless.

G KRIKS
09-27-2011, 02:15 AM
The failure of the bears and shorts to hold critical psychological resistances at 30 signifies that such selling activity is already nearing its nadir, if it has not been surpassed. I advise deploying 15-20% of your allocated dry powder for this cycle to buy each day.

Just give me one more day at $30 so I can build my stack a little more. Anybody here selling their physical at these prices?................................. I didn't think so.

MountainChris
09-27-2011, 02:46 AM
I had a feeling we were near the bottom area and I bought a roll of ASE, however I wasn't confident to back the truck up.

I still have a feeling we are going to see more flocking to the USD soon as Europe continues to fail.

Its definitely low enough that I had to buy at least some silver though :)

MountainChris
09-27-2011, 09:37 AM
Now I am starting to regret only buying a single roll of ASE when it was 28....:mad: I thought it was going to continue dropping and I would be able to order more discounted rolls

Quagmire420420
09-27-2011, 09:53 AM
Now I am starting to regret only buying a single roll of ASE when it was 28....:mad: I thought it was going to continue dropping and I would be able to order more discounted rolls

Yea, I didn't jump in hard on Monday, I thought that the market would trend sideways a bit, but as we can see, the buyers are not waiting around as they have in the past.

GoldandCountry
09-27-2011, 09:57 AM
20% a day? Isn't that rushing it a bit?

clawfull
09-27-2011, 09:58 AM
Silver could just roll over into a longer term decline, no-one knows for sure what prices will be short-term. You may get another opportunity to back the truck up, maybe not. Long term though, just buying rolls of ASEs on each dip is still a sound investment strategy imo. Well done on your purchase.