Eiji Posted November 8, 2010 Report Share Posted November 8, 2010 I think I'll be waiting a while for any kind of pull back if any to accumulate some more. Perhaps this is THE correction UPWARDS now that price manipulation isn't rife! Link to comment Share on other sites More sharing options...
jerpy Posted November 8, 2010 Report Share Posted November 8, 2010 If I was buying bullion at the moment I would still favour silver I think, to me anything over 50:1 silver seems cheap. I have been buying some shares recently though and have been buying gold miners over silver, but then I do have a fair few silver miners already. If we see another round of de-leveraging I think I would swap some silver back to gold via GM. Pure physical or stocks for me, so i'm opting for a few more silver miners. Added a few more AGQ and cursed another instance where i've waited for a fall - don't hold many though, so tucked away even if it retraces some. Link to comment Share on other sites More sharing options...
cheleon Posted November 8, 2010 Report Share Posted November 8, 2010 I'm praying for a pullback as well. I have just received funds from a client 2 months late which I had allocated for physical silver. Bad timing just as the price has exploded BAH! Looking at CID the price for a kilo is now £699. Link to comment Share on other sites More sharing options...
jerpy Posted November 8, 2010 Report Share Posted November 8, 2010 Pixel8r Can you let me know the names of the UK silver mining shares you are invested in as I would like to put some in an ISA and you can't put in US stocks? I purchased HOC heavily back in July just because they were the only one I could find so am aware of that one. Funnily enough that has since gone up 70%! but that was as much luck as judgement as I knew it was a good time to buy based on silver falling below 200dma but had no idea of the prospects of the individual company. Hope you don't mind me mentioning Endeavour (EDR:TSX) and Impact (IPT:TSX) both in my ISA along with 2 of Pix's choices. Don't really shout about them as only put a poxy couple of grand on them, how dumb was that Link to comment Share on other sites More sharing options...
Pixel8r Posted November 8, 2010 Report Share Posted November 8, 2010 You know you really ought to rethink your strategy with respect to USD and miners. You seem to be stuck with your strategy and thats it. Seems odd to me to be still promoting this strategy with where we are now. Hey ho. ditto.... Link to comment Share on other sites More sharing options...
electroweak Posted November 8, 2010 Report Share Posted November 8, 2010 27.35 Who else wants to sell some silver? at G:S 47 yes, I will sell another 5%. Link to comment Share on other sites More sharing options...
Perishabull Posted November 8, 2010 Report Share Posted November 8, 2010 Hoho! Just in comparison what this chart looked like in July: You'll need to invest in a wide screen monitor soon Link to comment Share on other sites More sharing options...
romans holiday Posted November 8, 2010 Report Share Posted November 8, 2010 You know you really ought to rethink your strategy with respect to USD and miners. You seem to be stuck with your strategy and thats it. Seems odd to me to be still promoting this strategy with where we are now. Hey ho. A strategy is for the long term. I think most here would agree that the more speculative miners will come back hard on a general market correction. The gains in gold bullion I see as the most solid. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 You'll need to invest in a wide screen monitor soon You can't really know how spot on you are. Link to comment Share on other sites More sharing options...
warpig Posted November 9, 2010 Report Share Posted November 9, 2010 $28.04/t.oz within the last hour... Link to comment Share on other sites More sharing options...
Schaublin Posted November 9, 2010 Report Share Posted November 9, 2010 $28.04/t.oz within the last hour... Some thing's up - $30 dead ahead. I like to read about JP Morgan shorts being taken out on stretchers Link to comment Share on other sites More sharing options...
Carlton Posted November 9, 2010 Report Share Posted November 9, 2010 I'm starting to doubt that the correction in silver (if it ever goes down [uh-oh, am I marking a top??] ) will be very deep. The money buying silver here seems deep and concerted, i.e., "smart money." The smart money is not likely to be buying into a top before a dramatic fall. Link to comment Share on other sites More sharing options...
lyb Posted November 9, 2010 Report Share Posted November 9, 2010 at G:S 47 yes, I will sell another 5%. I have also sold 5% at en even worse price 23! Thankfully I reinvested immediately in GDX, doing well. OK, time for some comments on silver. 1) I can't see the price ever approaching 20$ again. The reason is we are still in the strong season, until January at least. The 200DMA will have zoomed past 20, by then. 2) It is fair to say, that this rise is beyond the experience of everybody in this forum. Even the rise in 2005-2006 which led to doubling of the price 7.5-15, was not as sharp as the present one. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 Some thing's up - $30 dead ahead. I like to read about JP Morgan shorts being taken out on stretchers It can't be too long before the commercials have to throw in the towel. Dan Norcini is watching it, but sees no signs quite yet of a commercial signal failure. But we have to watch this carefully. If someone big panics, we could see $50 in no time. EDIT: The sharks must taste the silver short's blood already. Link to comment Share on other sites More sharing options...
Pixel8r Posted November 9, 2010 Report Share Posted November 9, 2010 It can't be too long before the commercials have to throw in the towel. Dan Norcini is watching it, but sees no signs quite yet of a commercial signal failure. But we have to watch this carefully. If someone big panics, we could see $50 in no time. With the multiple cases that are mounting against JPM & HSBC we are going to CSF very soon. Anyone who is selling at the moment is daft IMO, this is exactly what we have all been patiently waiting for. Some longterm holders can't believe it, but I think they have become to used to the manipulation which is now ending. Keep the faith and you will be rewarded. Link to comment Share on other sites More sharing options...
LauraB Posted November 9, 2010 Report Share Posted November 9, 2010 How sweet it is to awake to our new off-grid battery pack & wind turbine being paid for overnight - no corrections please; this time it might be different..... Link to comment Share on other sites More sharing options...
Concrete Jungle Posted November 9, 2010 Report Share Posted November 9, 2010 Thar she blows $28 breeched. Does anyone else feel slightly apprehensive or is it just me? Link to comment Share on other sites More sharing options...
Pixel8r Posted November 9, 2010 Report Share Posted November 9, 2010 Thar she blows $28 breeched. Does anyone else feel slightly apprehensive or is it just me? Maybe those holding dollars waiting for cheap silver are! Link to comment Share on other sites More sharing options...
romans holiday Posted November 9, 2010 Report Share Posted November 9, 2010 Thar she blows $28 breeched. Does anyone else feel slightly apprehensive or is it just me? Silver is super volatile. It will be interesting to see how much of the gains she holds onto on the inevitable retracement. Link to comment Share on other sites More sharing options...
romans holiday Posted November 9, 2010 Report Share Posted November 9, 2010 Maybe those holding dollars waiting for cheap silver are! Well, there's always the chance of getting cheap miners on a pullback. Silver's in a greyer area [or should I say golden]..... the volatility could still be traded to increase a dollar hedge. Link to comment Share on other sites More sharing options...
njpurser Posted November 9, 2010 Report Share Posted November 9, 2010 It can't be too long before the commercials have to throw in the towel. Dan Norcini is watching it, but sees no signs quite yet of a commercial signal failure. But we have to watch this carefully. If someone big panics, we could see $50 in no time. EDIT: The sharks must taste the silver short's blood already. The fact that we have a commercial signal failure to look forward to just makes it sooo delicious. Anyway, where were you at three am when 28 was breached? No room for lightweights on GEI you know! LOL Nick Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 Silver is super volatile. It will be interesting to see how much of the gains she holds onto on the inevitable retracement. My guess is that there will be a huge plunge from the $50 to the $35 area in the near future! Link to comment Share on other sites More sharing options...
romans holiday Posted November 9, 2010 Report Share Posted November 9, 2010 My guess is that there will be a huge plunge from the $50 to the $35 area in the near future! Could do. Wouldn't surprise me if the moves go further both ways than is thought likely. Link to comment Share on other sites More sharing options...
shawth Posted November 9, 2010 Report Share Posted November 9, 2010 Peak Date | 200dma(£) | spot (£) | Relativity (spot / 200dma) Today | 12.15 | 17.55 | 1.44 17/03/08 | 7.35 | 10.43 | 1.41 19/04/06 | 5.16 | 7.96 | 1.54 13/04/04 | 3.30 | 4.32 | 1.3 Getting itchy fingers. Due to QE2 will hold off from selling for a wee while yet. Does anyone remember what the market fundamentals were that drove the 04, 06 and 08 peaks? Is it a co-incident that we are seeing silver peaking every 2 years? Or is this the blow off peak that we have all been talking about? Personally I don't think we are near that point, so it has to be time to very soon to get out of this trade, despite the exuberance there is for silver right now. I will wait until rel = 1.55 then bail out. Link to comment Share on other sites More sharing options...
G0ldfinger Posted November 9, 2010 Report Share Posted November 9, 2010 Gold:silver at exactly 50:1 now. Link to comment Share on other sites More sharing options...
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