Wt Silver 2x Discussion Threads

[kaos3] 06/10/2015 16:13

200 mda at cca 7.8

[riggerbeautz] 22/9/2015 17:09

That long term chart shows so many lower highs and even lower lows, I'm sure it will break the trend sometime but it's just not worth the gamble until it does.

[odvod] 18/9/2015 09:41

200 mda at 8 p
still waiting before major adding

[riggerbeautz] 24/8/2015 20:48

See Paper Silver longs going the way of most other paper longs. Really not worth the gamble until an uptrend confirmed.

[odvod] 11/8/2015 09:57

200 DMA sitting at 8.25p - CLOSE for the golden break

[eric76] 07/8/2015 14:43

Got some of these too from a week or so back.. and they're not at a loss, thats never happened before. Go POS.

[riggerbeautz] 28/7/2015 00:49

Hyper this paper silver play needs to really break a down trend; thought earlier in the year at 10 it had, only to plunge yet again. No end in sight for the silver Bulls yet.

[riggerbeautz] 06/7/2015 08:44

Me too, have been for ages, but just constantly keeps testing new lows; though the nimble could have made a fair few swing trades with this and SSIL.

[riggerbeautz] 01/2/2015 18:13

Stating the obvious, this needs to kick on again past 10 rather than retest the recent double lows around 8.

[wizard7] 21/1/2015 20:21

If it gets lower than it will very nearly disappear...

[riggerbeautz] 15/1/2015 20:53

Intrigued now, around 8 could have been the base establishng or yet another false dawn like mid 2013 to late last year, only to lurch lower?

[riggerbeautz] 02/12/2014 18:10

Then trader we are along the similar lines of thought on Maloney,Jim (though his calls haven't been that great lately to my mind), physical and LSIL, which has chopped my toes off at the last attempt.

Can't stop following it as my preferred paper play, but would echo every single word of your last sentance! Just hard to call a reversal on the paper trade, physical, well that's just buy and hold insurance policies to me.

[traderabc] 02/12/2014 14:19

Rigger from my perspective it doesn't seem like many ever listened to Maloney and Butler that seriously, they were always on the sidelines, followed by a fringe element(my self included)but not really ever in the mainstream.

In my view people like Jim Rogers appear to be far more influential when it comes to this kind of thing, I guess he talks his own book in the sense that he claims to hold the metals, that he hasn't sold any in the last three years, that he is looking to buy more when the time is right, yet has also been consistently bearish in his outlook for all those years, and still looking for a $1000 low in gold. What does that tell us? LSIL at 6? or 5?

LSIL has moved from 150 to below 8 in 4 years, if that hasn't gone through paper traders pain threshold I couldn't imagine what would. Time decay has destroyed this stock, it could recover but even if silver traded at $50 tomorrow, we'd see something like 50 here, if that.

CEF is trading at an 8% discount to assets presently, it rarely does that. I'm seeing some signs that 'the low' is here or very near, but the downtrend is still undeniable. I've bought some more physical very recently but this one as tempting as it is makes me nervous and unwilling, once bitten etc..

[riggerbeautz] 02/12/2014 13:01

No trader I was saying too many gurus with vested interests always pipe up with this price suppression can't last much longer or some will come out at the slightest rise and say "this is it", yet for a long time now, the price has kept falling.

Believe me I'd love them all to be right, I'm sure there is a good bounce coming, but half the time they talk their own book. When people are barely listening to them and silver has plunged beyond the paper traders pain barrier, there just might be a sustained rise. That's my muddling thoughts.

[traderabc] 02/12/2014 10:43

Rigger, Maloney, Butler won't be going anywhere any time soon, they have been bullish for at least 15 years, I don't see your point. Are you suggesting that when they are bearish we have hit the low? It ain't going to happen.

Silver isn't a penny share, 'talking your book' makes no difference to the price, perhaps with the exception of Buffet who might have moved it a bit well over a decade ago, but he bailed at under $6 and made pocket change with his buy if I remember right.

[traderabc] 02/12/2014 10:31

Silver tumbled then soared 17% off its intraday lows. According to Zerohedge, this is the biggest swing ever.

Perhaps that was 'the' low?

[riggerbeautz] 22/9/2014 20:21

Been following this ages without knowing there was a thread here. The bulls slowly disappearing is maybe a good sign capitualtion is near, but as always one too many guru "silver to the moon" talking their own book types remain out there eg Maloney, Butler and lets not go down the road to roota!

Of course one day they might be right, but goes without saying, SSIL would have served better of late! That 10 looks close Rivet.

[rivet] 22/9/2014 11:23

wow down 50% in two months.

[traderabc] 10/6/2014 14:19

I reckon 12 was 'the' low, but I would say that.

Every other time it has bounced a bit then plunged even further down on the next move.
One (sunny) day it will be 'the' low and we will not live to see these kind of charity prices ever again (imo, dyor, nag etc..)

[adv rob] 17/4/2014 13:06

Probably late 2008 support at about 9.5.