Wt Silver 2x Discussion Threads

[wizard7] 28/12/2011 15:32

'Fraid it looks like 20 to me - maybe a bit lower...

[traderabc] 28/12/2011 15:30

Yep! Not looking good at all..

[traderabc] 15/12/2011 11:03

whenever that is


Soon I'd say, some reckon silver is going to $24 next, personally I'm favoring $34 next. If the banking cartel do manage to push this down further, I'm confidant that millions of people globally will take up their kind offer and buy tens of millions of ounces of physical metal till the point of shortage. The bankers paper market will be over run on low prices, in the end the physical market should achieve true price discovery, it's just a matter of time.

[odvod] 15/12/2011 08:06

I was hoping for support at 40 . Now I will have to buy some more later on :)

[wizard7] 15/12/2011 08:05

Well I had been thinking anything below 40 was a good price - now looks like below 30 is pretty good! I 'll have some today but not a full load until things become a little clearer...whenever that is.

[odvod] 14/12/2011 14:40

I am back in.

[traderabc] 14/12/2011 10:35

That said it's got to bounce really soon.

[wizard7] 14/12/2011 07:34

That's the problem nowadays - very hard to call if things are going up or down next! Oh well - good luck all.

[rivet] 13/12/2011 23:45

Your probably right with your contrarian view, lets see if a fake out unfolds.

[traderabc] 13/12/2011 23:30

I still got mine, everyone seems bearish, so I'm hopeful.

[rivet] 13/12/2011 23:26

head and shoulders?

[wizard7] 13/12/2011 20:38

Hope nobody is holding many at the moment - this is going to sting unless you have cash to get in at the next low...therafter it may finally be time for lift off again.

[grbaker] 07/11/2011 12:52

"total Indian silver imports should come in at 4,000 tonnes for the year. In 2010, India demanded only 3,000 tonnes of silver"

Read more here...

[grbaker] 07/10/2011 15:05

Copied from the AGQ thread today:

squirrel888 - 7 Oct'11 - 14:20 - 29755 of 29760

Party on,

In the meantime:-

[traderabc] 06/10/2011 23:32

Titus10, I hope Radomski is right. Do you read similar commentary here?

[titus10] 06/10/2011 10:08

Traderabc, you may be interested in this article, as presumably you also keep tabs on gold:



Sometimes a perspective view can be useful, even if short-term trading is your thing?

[wizard7] 28/9/2011 07:06

No worries trader - always good to hear what honest people think on these BBs (not the nutters obviously!) and I hope you are right as I have some physical stacked away. just a bit burnt of late but will get over it! I wish I had been into silver a decade ago!

[traderabc] 27/9/2011 20:06

W7, sorry if my last few posts have been a little emotional, I've been watching silver for over a decade and I still get outraged over its pricing behavior. I just can't believe they're getting away with this.

$26 is an open invitation to many who hold 'paper silver' to convert to physical regardless of the taxes, increased costs, storage issues etc.
I figure if I'm in this position then there are many others likewise.

Anyone in the trade, wholesalers,jewelers, refiners etc, if they're still solvent they should be wanting to start stockpiling, investors who missed it, trade wars mean even nations states could get involved.

A low price could bring in a wall of pent up money, depreciating cash could flow from all directions. Surely enough people know what a rigged game this is, that a low price could spark off a run on physical which would in turn obliterate the paper exchanges and drive the real metal price sky high.

[wizard7] 27/9/2011 18:48

I support what you say entirely but have decided to take a more cautious approach (he typed on the leveraged silver BB!) than I have in an effort to safeguard the capital I have got. I have been trying for 'the big' win recently and have been a bit burnt in this recent market slide so am looking for smaller quick wins (in and out)now until I can see which direction the market is going in...while still stacking some silver on the way.

[traderabc] 27/9/2011 13:19

"I too am scared"

Fair enough, who isn't? But that's exactly how they want us to feel. They're conditioning us all to be terrified of this market, they want us to believe it will be just like 1980, a surge to the upside and then down into oblivion forever.

History rhymes but doesn't necessarily repeat itself, the fundamentals are incomparable. The 1980 kind of decades long collapse is still years ahead of us (If ever)

If these Morgue scum want a half price sale then the least we can do is take up their kind offer and buy the hell out of this market, ideally taking the physical metal off them till they can't supply anymore.

[wizard7] 27/9/2011 11:46

I'd certainly be more confident holding after another dip...

[wolterix] 27/9/2011 11:34

could just be a backtest to 60

[wizard7] 27/9/2011 11:07

I just don't believe that it's over yet - if they do live to kill silver again now is the time to do it - or when the Greek bailout gets binned - or when Greece defaults anyway... So much fear means so easy to manipulate to their tune. I too am scared and not prepared to hold large (for me) winning positions for long...

[traderabc] 27/9/2011 09:52

Out? But this ought to be the recovery, well maybe not but at least the stabilization before the recovery.
The $26 was a meaningless inter-day spike, the $27/28 ish area held (Armstrong's 'line in the sand') JP Morgue will live to kill silver again, everything is ok (I hope)