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  #21  
Old 12-05-2010, 08:50 AM
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ajanthan ajanthan is offline
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I hope monday will be a drop ... I have 5k cash arriving for me and will be dumpin em in silver...IF it were to go up i still wont complain; there is profit in it also ...
  #22  
Old 12-05-2010, 08:54 AM
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i sure aint in mood to be buying more silver, but sell? hell no,. we got the maggots on the run. ill let people who aint got any precious buy at these prices.
anyhow here in oz things get a little strange with our dollar buying more than 1USD , prices start dropping , it messes with my head
  #23  
Old 12-05-2010, 09:01 AM
theplantguy theplantguy is offline
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This is all a bit confusing. On week it's "let's crash JPM and everybody buy silver". The next week it's "I'm selling" or "I'm not buying at this price" or "I hope the price will drop". Isn't the price dropping what JPM wants? Is everyone now on JPMs side? Don't you think it's a tad confusing or is everyone off their meds again?
  #24  
Old 12-05-2010, 09:36 AM
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Quote:
Originally Posted by silver_schlub View Post
She's going vertical........the other way.

The greed and speculation has run it's course and now it's time for silver to be fairly valued.

It's going to fall below $20 before the bloodletting is finished.

The lowest it will drop if it drops at all will be $27.60. In the last few Asian, Euro trading sessions, Silver opened up so I am doubtful that we will go down, but then again I suck at predicting these things so who knows.
  #25  
Old 12-05-2010, 09:45 AM
Instigator Al Instigator Al is offline
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Quote:
Originally Posted by silver_schlub View Post
She's going vertical........the other way.

The greed and speculation has run it's course and now it's time for silver to be fairly valued.

It's going to fall below $20 before the bloodletting is finished.
I KNOW WHO YOU ARE

You cant fool the instigator . Hows the weather down there in Florida ?
  #26  
Old 12-05-2010, 09:59 AM
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SecretArgentMan SecretArgentMan is offline
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Default $20?

If the POS goes to $20 this week I know EXACTLY what all my kids are getting for Christmas.

However, since I've got $ coming in on Friday we can rest assured silver won't be going on sale. Maybe a massive dip early in the week, but it will be over $30 by the time I see my next paycheck.
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  #27  
Old 12-05-2010, 10:09 AM
ianian ianian is offline
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If it does drop significantly (and if and by how much is not clear) charts indicate a big chance POS will rise to 33.70 - 34.00 before hand with a possible dip to 28.xx just before.

That 33.70/34.00 target could be overshot by $2.00 or $3.00. making it nearer to 36.00 or so.

From there a pullback to about $30.00 is likely although if the price does overshoot then a pullback to a higher number possible.

The above is indicated on daily, 8 hr., 4 hr. and 2 hr. charts.

Tthe OP's premise can be argued using current weekly or monthly charts... but those likely are not reliably valid due to they are two heavily weighted in an age gone by.

It is a different scenario now and has been the last year or so. The monthly and weekly charts essentially have too much 'baggage' from the past to be very useful. Baggage that got left on the train station about a year ago.

  #28  
Old 12-05-2010, 10:21 AM
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HardlyPeeved HardlyPeeved is offline
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Default Well...

Kitco is always entertaining.

This weekend certainly has a big buildup.

Monday should be an exciting day...for Kitco members...JPM...and the CRB.

Didn't Cotton just reach a new high ?... will we have to wear polyesther now (istn't that Oil based ?)...so maybe we can manufacture Silver and Gold clothes with all our "worthless" PMs ?

A Palladium Paladin ???

Maybe there will be some flash (crash) or flash (moonshot) tomorrow...should be an amazing ride.

Cheers.
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  #29  
Old 12-05-2010, 10:23 AM
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ScaryFuture ScaryFuture is offline
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Default The Chinese aren't playing along

They are waiting with fists full of dollars to buy more gold and silver.

Well, actually, they aren't even waiting.

Unemployment WILL be extended again.
Tax Cuts will be extended again

They'll call it a compromise...

Everyone will be happy! Everyone will have plenty of paper money.

Fortunately, they've fixed social security and medicare and the stock market and the housing market. NOT

Shoes will start dropping on this centipede sometime soon.
  #30  
Old 12-05-2010, 10:26 AM
Will Wong Will Wong is offline
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Quote:
Originally Posted by ccjoe View Post
I just sold 2 monster boxes Friday afternoon at the 30 year high as I agree that this level needs at least a week to consolidate.
Then buy back in with all guns firing for the xmas moonshot!
You honestly trade your physicals just like that? I will trade GLD, SLV (some may disagree but that is okay) and use the profits to buy more physicals. Physicals are not for trading until Dow and Gold reach parity.
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