Renewed Investor Posted April 3, 2012 Share Posted April 3, 2012 This has to be one of the least biased reports on Silver to come out in ages. Whilst I do like to see my wealth increase in Silver, I have to agree with the writer that it will most likely go down once more just like in 2008. Then again it could play out like that inverted head and shoulders they mention. Good to see both sides of the coin for once though. Link Quote Link to comment Share on other sites More sharing options...
Killer Bunny Posted April 3, 2012 Share Posted April 3, 2012 This has to be one of the least biased reports on Silver to come out in ages. Whilst I do like to see my wealth increase in Silver, I have to agree with the writer that it will most likely go down once more just like in 2008. Then again it could play out like that inverted head and shoulders they mention. Good to see both sides of the coin for once though. Link I haven't read your link but I have been saying that, since the parabolic move last year, normally these things take a year or two to get their mojo back. Also, with a rising $, PMs would be hit hard. <20$ anyone? Quote Link to comment Share on other sites More sharing options...
R K Posted April 3, 2012 Share Posted April 3, 2012 I haven't read your link but I have been saying that, since the parabolic move last year, normally these things take a year or two to get their mojo back. Also, with a rising $, PMs would be hit hard. <20$ anyone? Have been calling $18-20 for the last 6 months on the main forum gold thread (and in IAI) Didn't go down well. You're more than welcome to have a go.......... Quote Link to comment Share on other sites More sharing options...
Renewed Investor Posted April 3, 2012 Author Share Posted April 3, 2012 I think the support levels go (in descending order) $26 $21 $19 $18 $17 $12 I think a bottom between $18 and $21 is most likely though. That would be a nice handle to catapult us to new highs. Quote Link to comment Share on other sites More sharing options...
azogar Posted April 3, 2012 Share Posted April 3, 2012 ./... I think a bottom between $18 and $21 is most likely though. That would be a nice handle to catapult us to new highs. no way jose Quote Link to comment Share on other sites More sharing options...
Renewed Investor Posted April 4, 2012 Author Share Posted April 4, 2012 no way jose Why? What's your opinion? Quote Link to comment Share on other sites More sharing options...
azogar Posted April 4, 2012 Share Posted April 4, 2012 Why? What's your opinion? i just think there will be plenty of support before then and a move down to or below $21 will be game over for this current bull Quote Link to comment Share on other sites More sharing options...
Renewed Investor Posted April 4, 2012 Author Share Posted April 4, 2012 The 2008 crash broke your trend line though and things still continued upwards. Quote Link to comment Share on other sites More sharing options...
azogar Posted April 5, 2012 Share Posted April 5, 2012 The 2008 crash broke your trend line though and things still continued upwards. yes - but, i am suggesting that this correction is more akin to 2006 than 2008, hence the chart Quote Link to comment Share on other sites More sharing options...
Renewed Investor Posted April 5, 2012 Author Share Posted April 5, 2012 Fair enough. I've got my core position built so if it did not have a major correction that would be fine. I'd just have to find somewhere else to put this spare cash. I would like another huge buying opportunity though. Quote Link to comment Share on other sites More sharing options...
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