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The Big Picture On Silver


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#1 Renewed Investor

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Posted 03 April 2012 - 03:27 PM

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.

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#2 Killer Bunny

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Posted 03 April 2012 - 04:22 PM

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?

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#3 R K

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Posted 03 April 2012 - 04:29 PM

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..........


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#4 Renewed Investor

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Posted 03 April 2012 - 04:56 PM

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.

#5 p.p.

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Posted 03 April 2012 - 07:33 PM

./...

I think a bottom between $18 and $21 is most likely though. That would be a nice handle to catapult us to new highs.


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#6 Renewed Investor

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Posted 04 April 2012 - 11:42 AM

no way jose

Why? What's your opinion?

#7 p.p.

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Posted 04 April 2012 - 03:38 PM

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

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even a stopped clock gives the right time twice a day

When they come a wull staun ma groon, Staun ma groon al nae be afraid
Thoughts awe hame tak awa ma fear, Sweat an bluid hide ma veil awe tears

my blog

#8 Renewed Investor

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Posted 04 April 2012 - 07:32 PM

The 2008 crash broke your trend line though and things still continued upwards.

#9 p.p.

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Posted 05 April 2012 - 07:24 AM

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
even a stopped clock gives the right time twice a day

When they come a wull staun ma groon, Staun ma groon al nae be afraid
Thoughts awe hame tak awa ma fear, Sweat an bluid hide ma veil awe tears

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#10 Renewed Investor

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Posted 05 April 2012 - 03:31 PM

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.




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