kernull

me too, just waiting for this low

well, I think whatever who it would be, it filled the demand for those silver orders that were below 12.50. and as silver prices are moving in channels, we had previous channel established in range of 12.50 - 14.00 (for the last 2 weeks), once channel is broken, the next step is to retest the support of previous channel which is 12.50. When 12.50 reached market would feel unsure and would need to retest the low of 12.00 I pick the 10.80 as a bottom line for the chanel because on a weekly 10.80 has 2 confirmations, 11.50 only one. We might however get a pretty good bounce from 11.50, if we reach it at 16 sep (this is the FED interest rate statement, may be a point for dollar retracement) yeah! good point. for example in december contract, the open interest increased, with the price going down: http://futures.tradingcharts.com/chart/SV/C8 this means -> a lot of shorts if they cover, we will have pretty good rally back

and the volume of the selloff is huge, this is enough for silver to be under 12.50 for quiet a while. If it goes to 12.45 on asia next week, i will short it. Next support should be 10.80 i guess.

i am seing this clearly in USD/CAD chart. and probably in JPY. but EUR and GBP have to confirm, and also bonds not yet have a clear top. but, it will be soon, maybe monday ?

nice silver setup here

no, not my own, (from kitco's kingofgolds thread) but expressed my own beliefs however, after todays action, i think we are going higher, probably 80 in the USD, because oil at 105 level is weak and all the currencies are yet not found supports/resistance, these are supports for currencies so far: EUR/USD: 1.4300 GBP/USD: 1.7500 AUD/USD: 0.7800 USD/CAD: 1.1000 either these currencies hit support/resistances or oil confirms strong support at 100, one of these two has te be completed before strong upside in gold

we are right at the intermediate top in the $USD

I wonder, trading of futures on the exchanges will continue ?

I really like his Cashflow game , I get out of rat race in 2 hours and half (Cashflow 101).

wooow! thats amazing! edit: never trade non-liquid instruments

i think they are both watching the weather channel too much

it doesn't take much, about half room. you still have to buy eggs, milk and such, you can only store long lasting food.

you better do. 1 year of canned food & grains supply in a vacuum storage here

interesting, but the for the upper channel line, where is the second point you used to draw it?

my forecast for this week is for oil to break the 100 line going to bottom at 105 level. gold at that oil level should bottom to around 730, silver to touch 10.80 or 11.20 it might happen however that oil bottom again at 112 and gold around 780, confirming a strong double bottom. I would say, the probability of these 2 forecasts is 50%-50% lets see what happens

wow! what a sell off in oil! but gold stands, thats bullish, unless Asia understands it the other way next monday, of course.

they may sell before bernanke's speech

good point! this should be decided this week then, interesting.

I looove this projection for the $USD, just perfect. at 80 we would have oil at 105, gold at 730, silver at 10.80, eur/usd at 1.4300, and this would be the just a perfect bottom for commodities and everybody to buy in. I like this chart with triangle reversal, it would match with deflation ideas. details: http://www.marketoracle.net/Article5932.html

I would like to see how we close in oil today, because this NY guys daytrade like crazy, and the important thing is to see what price they leave for tomorrow.

i think this hammering is getting to its end soon, maybe this night.and the greenback to test its breakout area.

I just spoke to a jeweler , friend of mine that lives in Taxco, the Silver capital of Mexico, he said this is a good time to buy and they sell at (day_high+day_low) / 2 of NY spot price. This problem of delivery happens only in US I guess.

not yet for dollar to reverse. however oil has the last word, should speak this week.

a prediction of silver to 6 bucks: http://4.bp.blogspot.com/_R55OJ80AZ4U/SKlw...BADgoodNews.png source: http://denaliguidesummit.blogspot.com/ if oil goes to 80, gold hits 600 and gold/silver ratio goes to 100 at that moment, this is price is possible.

oil holded good, but I don't like euro, looks like it is suspended in the air , the sooner it touches 1.4300 , better for commodities, i think thats when dollar might reverse