Silver/SLV

[JimmyJoe]

Hope you're right.

 

[Show-me]

$50 here it comes.

 

[Gumby]

I doubt. Especially if the dollar continues to fall. Silver may go higher than seems reasonable before peaking.

Tom,

Great call.... you nailed this one. Hope you profitted from it.

 

[tsptalk]

Tom,

Great call.... you nailed this one. Hope you profitted from it.

:embarrest: You'd think. I did make a little, but I have a knack for selling just before the big move.

 

[Steel_Magnolia]

Pullback in SLV this morning. One last chance for folks to get on the train? I hold a huge amount and I'm adding more on this one.

 

[Show-me]

Here is a chart with a big hammer at the top.:suspicious:

http://stockcharts.com/h-sc/ui?s=SLV&p=D&yr=0&mn=6&dy=0&id=p09895006750

http://finance.yahoo.com/echarts?s=...=on;ohlcvalues=0;logscale=on;source=undefined

 

[Steel_Magnolia]

Thar she goes! (down)

It will be interesting to see if this really will start the leg down in silver or if it is Da Boyz blowing out the little guys' stops.

I'm still holding silver (SLV).

 

[peterson82]

Im staying in... I expect a massive turn around at around 1pm

 

[ArchAngel]

Sold my AGQ yesterday after seeing some down after hours action but kept a little SLV as a hedge...so far so good. Don't know if this was the sign I was looking for to indicate a correction, but I've been waiting for something to happen for awhile now. Kinda hoping it drops another 5%-10% over the next week so I can buy more paper AND physical at a discount. If this is just a small burp and it heads right back up I think I'll wait til it passes the psychological $50 barrier then jump back in for the rest of the ride.

I've got a subscription at the Mint for it's silver eagles but they've been on hold since about $30 oz. Hope they issue soon before it goes above $50 (and it will go above $50)!

 

[peterson82]

Im staying in... I expect a massive turn around at around 1pm

:suspicious::blink:

I guess it was good I was optimistic...

 

[peterson82]

Sold my AGQ yesterday after seeing some down after hours action but kept a little SLV as a hedge...so far so good. Don't know if this was the sign I was looking for to indicate a correction, but I've been waiting for something to happen for awhile now. Kinda hoping it drops another 5%-10% over the next week so I can buy more paper AND physical at a discount. If this is just a small burp and it heads right back up I think I'll wait til it passes the psychological $50 barrier then jump back in for the rest of the ride.

I've got a subscription at the Mint for it's silver eagles but they've been on hold since about $30 oz. Hope they issue soon before it goes above $50 (and it will go above $50)!

Seems like a nice sell so far!

 

[tsptalk]

Strong support just under $40 - could be the target for a pullback.

 

[Show-me]

http://www.cnbc.com/id/42726288

 

[Mapper]

Been keeping my eye on SLV since late 2009; I'm timid newbie to investing...too bad I should have been participating! Was happy to recently discover the discussion and participation here. Wondering what you folks are thinking about the current move?

 

[tsptalk]

Hi Mapper -

We talk about Silver a lot over on ETF Talk (www.etftalk.com/forum). This was my take on silver, which I wrote the other day...

http://www.etftalk.com/forum/showthread.php?p=3662#post3662

"I'm looking for a pullback to 37-40 - enough of a scare for the big boys to get rid of us little guys. A 400% gain is parabolic and when these finally pull back, they can be scary. Whether it happens now or over the summer, look for a sharp pullback that should be able to be bought once the 50-day EMA is tested."

 

[James48843]

I am thinking we're near a bottom on Silver prices this week. Anybody else looking at the price of an ounce of silver?

 

[tsptalk]

Ohh. Ugly chart. Is that a technical, fundamental, or gut feeling analysis? I know you have a good antennae for big moves.

 

[tsptalk]

Nice little 3-day rally in silver. Back over $16 for first time since June.