HPCsoYESTERDAY

check out broken doll for starters - this outfit have a touch of the spacemen three about them http://www.myspace.com/thedollybyrds

http://www.youtube.com/watch?v=TIEma4NAc9w http://www.youtube.com/watch?v=bsbhfScU2y4

http://www.youtube.com/watch?v=Q9NhK9nyN30 http://www.youtube.com/watch?v=rzvIGlcbjqQ

http://www.youtube.com/watch?v=HWtUcie56mg http://www.youtube.com/watch?v=NcaBVHrcux0

harvi - just noticed them steve hillage vids you posted - great; that's my afternoon's listening sorted there's something about Steve's and mind blowing guitar sounds cue Hackett: http://www.youtube.com/watch?v=nVFFMlVFkz0

steve hillage doing what he does best http://www.youtube.com/watch?v=Kh0amvy-M4k

http://www.youtube.com/watch?v=vcG47CpsU6c

http://www.youtube.com/watch?v=9hB3eCv_FOk

both of these experts are advocates of a core position

but i am not referring to other positions; of course they have merit (i am fortunate to own a property with enough land for decent-sized vegetable plots) however, i am referring to having a core position in silver irrespective of other investments - i guess it's down to your overall strategy i own silver because i think it is in a long term bull that is far from over - simple

so no core position in silver then? to me a core position is a percentage of a silver metal which is being held against which you may take paper shorts when the opportunity arises from time to time (but never in excess of 20% max of your long position)*. Also, holding silver miners may lower your allocation of the physical long, but not more than 25% say a sensible approach in a long-term bull market don't you think? *this is similar to what S.Thomson advocates edit - actually 20% is too high, 10% short max would be more sensible imo, if you wish to gamble on the corrections

was DR. Bubb advocating a core position then? also i took a short position at $45 & $49 for your info i seem to recall your opinion a few years ago was that it would fall back to under $10, is that still the case? edit - short pos. now closed i think we are within 10% of the pull-back bottom

Louise Yamada KWN but hey, it's just speculators pushing the price up isn't it? http://www.mining.com/2011/01/19/miners-challenged-to-meet-growing-demand-for-industrial-silver/ Silver ink? whatever next? self-cleaning suits? silver deodorants? crazy, crazy, crazy, time to sell silver for sure edit: Silver Nanoparticles May One Day Be Key to Devices That Keep Hearts Beating Strong and Steady Batteries Made of Silver Nanoparticles Could Revolutionize Treatment of Mental Illnesses and Stroke

the problem (i find) with comparing to 2008, is that the rises to the peak were completely different edit - reworded also - the mar 08 correction was far less on the downside

weekly & monthly silver chart updates: Looks like the long-term linear resistance (broken on upside) will now be tested as support - which needs to happen really, to see how strong it is: http://i1018.photobucket.com/albums/af304/triple-agent/agweeklymay.gif http://i1018.photobucket.com/albums/af304/triple-agent/agmonthlymay.gif

Looks like the long-term linear resistance (broken on upside) will now be tested as support - which needs to happen really, to see how strong it is: edit-

eur/gbp it's getting very tight now - if we get to 0.85, then the corresponding following action may be decisive:

hmm, sometimes the you miss the most obvious things! whilst looking at the current support on the monthly GBP chart, the current support on the monthly USD chart is there for all to see. Now, needless to say this wouldn't be a 'long-term' support like all of those that exist between $29 through to $33. However, if we impose a palladium model target zone on the silver chart, you can see the most mundane way for silver to reach that target is to just carry on the path it is currently taking. Sure there is still great room for volatility, but if this current support holds true, we will see this narrow (and eventally attack resistance) throughout the summer. So, without doubt, the way forward is to watch that line and forget about everything else, unless it becomes relevant (broken).

on the merits of log vs linear charting, it got me thinking about trying to incorporate both on the same chart. Obviously practically impossible to visualise, but perhaps using log markers on a linear chart? anyway, re. silver, the linear trendline looks like an irresistable support now don't you think? as with all monthly charts, there can be some big tails!

in hindsight, the GBP chart may be too recent (to call long-term anyway) there is also a longer term pre-2008 crash support somewhere nestled in-between: linear charting was superior long-term on palladium - i guess you should use both (log) and make your best judgement

A nice bounce in silver, but one thing that strikes me is that there is still quite a drop underneath it (as a consequence of the size & speed of the correction). It's important to stress that no one can predict which path silver will take should it break through the current support. However, should it wish to test the most obvious long-term support thereafter ($29ish by my reckoning), there remains a gap. I have no idea whether it will test that range; there should be good support in and around $34 (a double-bottom if you like). Therefore (from a purely TA perspective), in the intermediate term, I am neutral. Long-term, I am bullish (whilst the palladium model remains valid). In the very short-term, I am bullish - until the current support is broken at least. edit: the case for the support at $34 is stronger than that of $29; as the GBP chart supports the former (strong long-term trendline): see above post

i added to my physical yesterday though, i am starting too get worried about what my mother thinks when i hide it under the floorboards

http://www.youtube.com/watch?v=ADgZ8rAgSHg

beautiful

ker - imo, you should seek the patterns that exist on the chart rather than impose your pattern onto the chart i have found a pattern on the logarithmic gold $ chart; i call it the au log mirror symmetry pattern of course, it may mean nothing and just be a badly drawn coincidence. However, to me it says that this bull is still on until there is a breakout of that pattern. At some point in the future it will breakout, but rather than second guess what it means now, i will sit back and wait until the time when i can follow the action rather than take some guess on the future. one possibility is that, gold will 'do a vertical', or it may just signify that a new volatility is entering the market, or it may be that there is a sell-off who knows, but what's the point of constantly going against the bull when it's telling you otherwise? and needless to say the above is all Tech Analysis - fundamentals are not even considered