GinAndPlatonic Posted May 6, 2011 Report Share Posted May 6, 2011 Trying to catch a falling knife usually results in a ****** load of bleeding and pain. Just make sure the knife doesn`t go straight into your foot. Quote Link to post Share on other sites
scrappycocco Posted May 6, 2011 Report Share Posted May 6, 2011 Interesting youtube clips: http://maxkeiser.com/2011/05/06/saving-the-world-economy-from-gaddafi-and-his-plan-to-introduce-a-gold-backed-dinar/#comments Quote Link to post Share on other sites
scrappycocco Posted May 6, 2011 Report Share Posted May 6, 2011 I'm thinking of buying more, am I mental? It doesn't seem like a falling knife, it seemed like it's settled down now. Quote Link to post Share on other sites
Lagarde's Drift Posted May 6, 2011 Report Share Posted May 6, 2011 Just make sure the knife doesn`t go straight into your foot. that generally doesn't happen when you are watching from a distance. And yes, I thin this will fall further. Quote Link to post Share on other sites
azogar Posted May 6, 2011 Report Share Posted May 6, 2011 that generally doesn't happen when you are watching from a distance. And yes, I thin this will fall further. agree, $28-30 is my buy target let's hope the silver lady obliges Quote Link to post Share on other sites
scrappycocco Posted May 9, 2011 Report Share Posted May 9, 2011 Jesus, should have bought more at $34. Quote Link to post Share on other sites
Lagarde's Drift Posted May 9, 2011 Report Share Posted May 9, 2011 Trying to catch a rocket that has taken off generally results in even more pain and bleeding than from falling knives. This will not be the last opportunity to get onto the silver train with your punting funds, so don't worry. DOI: Put a small punt in this AM but keeping the rest back. Quote Link to post Share on other sites
Constable Posted May 9, 2011 Report Share Posted May 9, 2011 (edited) 'seems to have bottomed around $34; now $37 - but markets don't normally let people have an easy entry like that. loads of amateurs will have long silver positions now with stops around $34-35 and they're are easy pickings for the pros - I wouldn't be surprised to see it have one more sharp leg down soon and maybe that is that time to buy... Edited May 9, 2011 by Constable Quote Link to post Share on other sites
Ruffneck Posted May 9, 2011 Report Share Posted May 9, 2011 like a phoenix from the ashes go baby go! Quote Link to post Share on other sites
scrappycocco Posted May 9, 2011 Report Share Posted May 9, 2011 Last week the cumex crap brought it down from $50, what is going to bring it down again - the recovery, another war, more printing, bankers owning up lol? If it dips below $35 I'm buying a bit more. Quote Link to post Share on other sites
Lagarde's Drift Posted May 9, 2011 Report Share Posted May 9, 2011 'seems to have bottomed around $34; now $37 - but markets don't normally let people have an easy entry like that. loads of amateurs will have long silver positions now with stops around $34-35 and they're are easy pickings for the pros - I wouldn't be surprised to see it have one more sharp leg down soon and maybe that is that time to buy... What he said. Quote Link to post Share on other sites
Number79 Posted May 9, 2011 Report Share Posted May 9, 2011 Damn it, i need to get off my backside and validate my gm or bv accounts. I would have bought by now. Still, have added a some ounces of good numismatic stuff at spot so cant complain too much. Quote Link to post Share on other sites
Vagabond Posted May 10, 2011 Report Share Posted May 10, 2011 'seems to have bottomed around $34; now $37 - but markets don't normally let people have an easy entry like that. loads of amateurs will have long silver positions now with stops around $34-35 and they're are easy pickings for the pros - I wouldn't be surprised to see it have one more sharp leg down soon and maybe that is that time to buy... I bought back in at $35 and would use any further drop below $35 to buy in again. I still have all my S&S ISA allowance this year and was thinking of some metal stocks.. Other than 'the other place' can anyone suggest some decent reading for research? Quote Link to post Share on other sites
Constable Posted May 10, 2011 Report Share Posted May 10, 2011 I copied this from the comments on this blog re previous silver price corrections... Here is a small sample of the “collapses” that have happened in silver since 2004:April 2004: Silver falls from $8.25 to $5.50. A 33% correction. May 2004: Silver falls from $6.10 to $5.40. A 12% correction in only four trading days. Sept. 2004: Silver falls from $6.80 to $6.12. A 10% correction in only eight days. Dec. 2004: Silver falls from $8.00 to $6.60. A 17.5% correction is only two weeks. Jun-Jul 2005: Silver falls from $7.55 to $6.80. A 10% for the summer. Apr. 2006: Silver falls from $14.25 to $12.10. A 15% correction only two days. May 2006: Silver falls from $15.00 to $12.00. A 20% correction in only 10 days. June 2006: Silver falls from $12.50 to $9.70. A 22% correction in only nine days. July 2006: Silver falls from $11.75 to $10.50. A 11% correction in only seven days. Sept. 2006: Silver falls from $13.25 to $10.75. A 19% correction in only 10 days. Dec. 2006: Silver falls from $14.10 to $12.50. A 11% correction in only 14 days. Mar. 2007: Silver falls from $14.30 to $12.50. A 13% correction in only four days. Aug. 2007: Silver falls from $13.10 to $11.60. A 11.5% correction in only 10 days. Mar. 2008: Silver falls from $21.00 to $17.50. A 17% correction in only three days. Apr. 2008: Silver falls from $18.50 to $16.50. A 11% correction in only 13 days. And then silver had a biggie… July-Oct 2008: Silver falls from $19.40 to $8.85. A 54% correction in under three months. And don’t forget… Feb-Mar 2009: Silver falls from $14.50 to $12.70. A 12% correction in three weeks. June 2009: Silver falls from $16.00 to $13.70. A 14% correction in 20 days. Jan. 2010: Silver falls from $18.75 $16.25. A 13% correction in 18 days. May 2010: Silver falls from $19.70 to $17.50. A 11% correction in only 11 days. Quote Link to post Share on other sites
Lagarde's Drift Posted May 10, 2011 Report Share Posted May 10, 2011 I bought back in at $35 and would use any further drop below $35 to buy in again. I still have all my S&S ISA allowance this year and was thinking of some metal stocks.. Other than 'the other place' can anyone suggest some decent reading for research? Minesite is interesting, make your own mind up. Quote Link to post Share on other sites
scrappycocco Posted May 10, 2011 Report Share Posted May 10, 2011 Short of bankers being shot on the street, what is going to bring silver down now? I wish I bought more when I was umming and rrrring last week Quote Link to post Share on other sites
Kazuya Posted May 10, 2011 Report Share Posted May 10, 2011 'seems to have bottomed around $34; now $37 - but markets don't normally let people have an easy entry like that. loads of amateurs will have long silver positions now with stops around $34-35 and they're are easy pickings for the pros - I wouldn't be surprised to see it have one more sharp leg down soon and maybe that is that time to buy... Agree 100%. Dead kitty bounce in progress me thinks. Quote Link to post Share on other sites
azogar Posted May 10, 2011 Report Share Posted May 10, 2011 (edited) Agree 100%. Dead kitty bounce in progress me thinks. a summer consolidation in the $29-34 range? i.e. linear resistance turned support? edit - adjusted figures Edited May 10, 2011 by p.p. Quote Link to post Share on other sites
Lagarde's Drift Posted May 11, 2011 Report Share Posted May 11, 2011 And down we go again for a bit more whoopee! This is good fun, what with XEL and all. Bodes well for a fun commodity summer (BBQ summer?) ! Quote Link to post Share on other sites
Old Nis Posted May 11, 2011 Report Share Posted May 11, 2011 (edited) Managed to buy a £1000 worth on Monday the 9th May, Will be interesting to see if there is another dip or if I actually did time it right. I failed lamentably on other occasions, but then again, I originally started to buy when a kilo cost me £328, so I'm not complaining too much. (edited for grammatical clarity) Edited May 12, 2011 by Old Nis Quote Link to post Share on other sites
Kazuya Posted May 11, 2011 Report Share Posted May 11, 2011 a summer consolidation in the $29-34 range? i.e. linear resistance turned support? Possibly. If 200DMA support fails then POS could drop to low $20's. This summer with be very interesting with the "QE2 ending" smoke & mirrors. Quote Link to post Share on other sites
Lagarde's Drift Posted May 12, 2011 Report Share Posted May 12, 2011 below $33 now... fun and games. I really must free up some cash for some physical.. Quote Link to post Share on other sites
scrappycocco Posted May 12, 2011 Report Share Posted May 12, 2011 That is depressing, I hope it stay above $32 now. Quote Link to post Share on other sites
azogar Posted May 12, 2011 Report Share Posted May 12, 2011 silver is doing what it needs to do - testing and finding support if it is to go higher it needs to confirm from where (price range) it will move upwards again. it looks like we are going to have a consolidating summer and if the price consolidates in and around the $30-33 range, what do you think it will do towards christmas? Quote Link to post Share on other sites
scrappycocco Posted May 12, 2011 Report Share Posted May 12, 2011 silver is doing what it needs to do - testing and finding support if it is to go higher it needs to confirm from where (price range) it will move upwards again. it looks like we are going to have a consolidating summer and if the price consolidates in and around the $30-33 range, what do you think it will do towards christmas? What do I think lol? I'm clearly the wrong person to ask. Quote Link to post Share on other sites
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