HPCsoYESTERDAY

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

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

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-

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

this was perhaps the most amazing call ever to grace these boards *(pix's gold 'lines' coming a close second) when the sideways move out of the trendline suggested that 35:1 was not going to happen, i must admit i had my doubts (and thought some sort of slower descending channel was emerging). I guess the problem with TA sometimes is that you have to trust your longer view (chart analysis) over shorter term noise. Sometimes, just 'saying what you see' in the immediate term can prove misleading as this video demonstrates (apologies in advance for 'lowering the tone!') http://www.youtube.com/watch?v=7UA-egInRi0 *edit

(Please note this model is now work in progress, so expect revision and updates as appropriate) Hypothesis: The silver price pattern is replicating that of palladium. Testing: The testing of this hypothesis will occur in real time as we follow the action in the price of silver. Analysis: The palladium price 'model' as displayed above has certain key points (a-g) that have either happened with silver (a-d) or that may occur in the future (e-g). (a-d): It took palladium approx. 18 months to move from the 08 crash bottom to the intermediate high (d). The move was approx. 250% It took silver approx. 29 months to move from the 08 crash bottom to move to the intermediate high (d). The move was approx. 400% Intermediate Conclusion: In terms of the model time-line, silver is replicating palladium by a factor of x 1.6. In terms of price, silver is replicating palladium by a factor of (have you guessed it yet) 1.6. Going forward (current testing): It took palladium 10 months to go move from the intermediate high (d) to the current high (g). Therefore, if the model is viable, silver will hit a new high in 16 months. How to test this going forward: First and foremost, if silver is replicating the action in palladium, we need to see a h&s pattern avoided in this consolidation period. Furthermore, it took palladium approx. 5 months after the intermediate high to get back to the same level. This would equate to the silver price being approx. $50, 8 months from now. Possible variation within the model: If the model holds true, it should be noted that volatility in the silver price (esp. on the final move up to 'g') can result in a quicker move to the trendline high 'g' which should be treated as a constant for the sake of this model.

http://www.youtube.com/watch?v=TMETa77dUrg http://www.youtube.com/watch?v=qZ-O7CaGTSk

http://www.youtube.com/watch?v=b6T7obT3lmg http://www.youtube.com/watch?v=j-Yk4gW-dIU

(taken from here) a – confined to an upward channel b – breakout of channel resistance c – testing channel exterior as support d – rising fast and ultimately too quickly e – violent move down and ultimately re-testing channel exterior as support f – and the bulls have it g – hitting long-term trendline resistance (see previous charts in original thread for palladium) if the pattern is replicating and as ag appears to moving at a slower pace than pd, it makes sense that ag's moves are bigger (amplified) edit - needed to adjust ag chart

thanks, it's nice when the charts work. However, i think i should stick to metals because the charts i did on eur/gbp, are looking a bit err., wrong! (though, i am going to stick with the overal direction) lesson learned = stick away from fiat vs. fiat. re. physical costs, i note what you say re. eagles, so i have included phillies as well (anyone can add to this with prices from other sources) all price ex. vat and no postage costs added!! (as of 5 mins ago) Phillie price (gbp) / Eagle price (gbp) 25.09 (cid) / 27.14 (cid) 25.41 (kitco) / 25.80 (kitco)

update (with adjustments) well done pix on recognising the andrews pitchfork and producing an excellent chart worthy of the midas report. ps - the cheaper the physical price the better! we should start monitoring the cost of a physical coin like an eagle and keep updating it here.......

volatility grows before she blows* *short-term bulls vs bears - no winner as yet

http://www.youtube.com/watch?v=L_b7Y16t3zw http://www.youtube.com/watch?v=AJR62vsAg-0

ok we all know this would have got pride of place on 321gold at the mo, but interesting reading nevertherless http://www.321gold.com/editorials/taylor_m/taylor_m_042511.html

http://www.youtube.com/watch?v=EjOGxL74TFU