Silver Plummets Investors Selling 9$

[duneyman jr]

Ive noticed that there is alot more silver out there right now. That bein said and the price drop is telling me that right now would be good time to get rid of. Im predicting silver will be down to 9.00 here soon wich might be the right time to buy...I think it will then go back up to 12.00 after few months..
I have noticed bars and rounds and 90% price has dropped alot all week...as gold continues to do gold silver performs badley...

[Android]

Ive noticed that there is alot more silver out there right now. That bein said and the price drop is telling me that right now would be good time to get rid of. Im predicting silver will be down to 9.00 here soon wich might be the right time to buy...I think it will then go back up to 12.00 after few months..
I have noticed bars and rounds and 90% price has dropped alot all week...as gold continues to do gold silver performs badley...

OMFG.....I can definitely tell that this is Luney's relative...

[duneyman jr]

i really dont understand how you could be upset? Dont take it personally but as you can see silver is performing very badly. This might be a good time for people that have sold everything thinking there goin get rich to get some cash. I would hate to see people lose anymore then they had too. Ive notice that people like to attack me and Duney and you should all take time out and realize that anything not so positive about silver should not piss ya off. You cant handle it doin bad but sure love hearing all the good stuff....I think on this forum the good and bad things need to be reviewed as well...

[cugir321]

Don't take this personally. Why would you think a dip in the market is a overall bad performance? $4.65 - 6 years ago.....12.00 now. Stocks 14000 to 7700. I don't see anyone very upset about the silver drop....why do you assume we are bothered? Your statement: (I would hate to see people lose anymore then they had too. Ive notice that people like to attack me and Duney and you should all take time out and realize that anything not so positive about silver should not piss ya off.)

I hope your statement isn't arrogance. Are you judging the people here? Why do you think we can't handle the ups and downs? Does it bother you that we're not bothered? Are you angry that we don't agree with you? Don't we need to review the credibility of your post?

Your post: I would hate to see people lose anymore then they had too.
Do you feel you need to take care of us? Has anyone here asked you to take care of them? If no one has asked for your concern what do you get from your perceived gift to us? Does it make you feel important? Why do you need our acceptance?


i really dont understand how you could be upset? Dont take it personally but as you can see silver is performing very badly. This might be a good time for people that have sold everything thinking there goin get rich to get some cash. I would hate to see people lose anymore then they had too. Ive notice that people like to attack me and Duney and you should all take time out and realize that anything not so positive about silver should not piss ya off. You cant handle it doin bad but sure love hearing all the good stuff....I think on this forum the good and bad things need to be reviewed as well...

[theo68]

Ive noticed that there is alot more silver out there right now. That bein said and the price drop is telling me that right now would be good time to get rid of. Im predicting silver will be down to 9.00 here soon wich might be the right time to buy...I think it will then go back up to 12.00 after few months..
I have noticed bars and rounds and 90% price has dropped alot all week...as gold continues to do gold silver performs badley...

Honestly I wouldn't be surprised to see silver drop another dollar or so, but would be a great buying opportunity. As for 9 dollar silver, anything is possible but I seriously doubt it. You seem to distrust silver in favor of gold. Can you explain your reasoning for that point of view?

[strongman shelford]

Respect this guy
He will cure the silver fever around here.
But all must behave properly.

[pmstacker]

Good point, i mean who in their right mind would come here and like silver? Honestly the domain is silverseek, what does that imply? You'd think we'd all hate silver, i mean why else would we be here? Its just crazy to think anyone would come here and be in favor of such a metal. I'm amazed at the people of this forum.

[Katwoman]

Respect this guy
He will cure the silver fever around here.
But all must behave properly.

This guy and his father ignore all the TA and the fundamentals that exist. Silver is not likely to go below $10 again and anyone here who thinks it is should provide the TA and evidence of changes in the fundamentals that would support that conclusion.

[mick silver]

Ive noticed that there is alot more silver out there right now. That bein said and the price drop is telling me that right now would be good time to get rid of. Im predicting silver will be down to 9.00 here soon wich might be the right time to buy...I think it will then go back up to 12.00 after few months..
I have noticed bars and rounds and 90% price has dropped alot all week...as gold continues to do gold silver performs badley...
just tell me one good reason why would i sell on a low , is this why you dislike silver so bad that you burn yourself . on low you buy not sell , if anyone selling silver now it because they have to . lose of job are other things could force one to sell

[other1z]

I totally agree. During bull-market cycles, fluctuation occurs on a RAMPANT basis. I'm looking to see sub-$10 over the next few months. I have not idea how low it will go, but the overall bull cycle that we are in, and will likely last for the 10-20 years, is a healthy one. The fluctuations that take silver to lows in the sub-$10 category are not only healthy, but predicted in the scatter-point averages. For the silver-bugs who pay attention to the charts, this is a blessing, not a watershed. BUY...BUY...BUY!!! God...I wish it would got $8 again.

[Nomen luni]

This guy and his father ignore all the TA and the fundamentals that exist.I suspect Junior and Senior are in fact one and the same.

[duneyman jr]

just tell me one good reason why would i sell on a low , is this why you dislike silver so bad that you burn yourself . on low you buy not sell , if anyone selling silver now it because they have to . lose of job are other things could force one to sell
Mick I dont beleive this is the low. As I was saying I think it will hit 9.00 wich then I beleive will be its low. I think then it would be a good time to buy.

[duneyman jr]

This guy and his father ignore all the TA and the fundamentals that exist. Silver is not likely to go below $10 again and anyone here who thinks it is should provide the TA and evidence of changes in the fundamentals that would support that conclusion.
Your charts dont mean anything. If your charts were so good you would already know. Heres whats goin happen its goin nosedive as it is and hit 8-9 and alot of the silver bugs are goin to be lost. You will then be able to buy silver at 11.00 oz...and will stay in that area till probably end of the year. Silver Eagles will drop back down to 15 retail along with 90% will sell for 9x face. This market is not goin by any chart. This is reality and you can all say im right here soon when its 9.00
You all gotta critisize me tho for having this opinion that its goin to go down like this. Its like you all get mad because I think its goin go down and take it personally like your silver is your little baby. You should take my knowledge and be prepared for a long summer.

[Paul]

Either scenario is possible in my opinion. No one has the right answer, and if they had they wouldn't be on here playing verbal table tennis with each other.

Yes one person will be right. It'll either be the person that said it'll drop or the person that said it'll rise - that's the only certainty.

As some of the wiser heads have said around here I have silver as an insurance, another form of protection against hard times. Maybe it won't do me any good, but it might.

[Katwoman]

Your charts dont mean anything. If your charts were so good you would already know. Heres whats goin happen its goin nosedive as it is and hit 8-9 and alot of the silver bugs are goin to be lost. You will then be able to buy silver at 11.00 oz...and will stay in that area till probably end of the year. Silver Eagles will drop back down to 15 retail along with 90% will sell for 9x face. This market is not goin by any chart. This is reality and you can all say im right here soon when its 9.00
You all gotta critisize me tho for having this opinion that its goin to go down like this. Its like you all get mad because I think its goin go down and take it personally like your silver is your little baby. You should take my knowledge and be prepared for a long summer.

At least when Other1z forecasts a bearish prediction he backs it up with some logic and reason but what you are saying is pure speculation. Maybe it will happen and if it does your are right that it will be a great buying opportunity since the fundamentals will not have changed but unless the dollar index sky rockets your prediction will not come true. Judging from the double top the dollar now seems to have formed this is unlikely since the dollar futures are now bearish IMHO which is always good for PMs. I think we just saw the last big pull back in PMs and we are going up from here. I could be wrong but IMHO the arguments against silver going higher are much much weaker. Silver can easily support $40 per ounce even with a strong dollar factor in a little more inflation and you could see $50. I do not think we will see it this year but it is not implausible. Under $10 however is starting to look far less likely.

[Katwoman]

Either scenario is possible in my opinion. No one has the right answer, and if they had they wouldn't be on here playing verbal table tennis with each other.

Yes one person will be right. It'll either be the person that said it'll drop or the person that said it'll rise - that's the only certainty.

As some of the wiser heads have said around here I have silver as an insurance, another form of protection against hard times. Maybe it won't do me any good, but it might.

This should always be the reason for buying PMs. And this is the reason I buy them. But there are times when the reason you bought them comes to the forefront and this is one of those rare times and so there is certain motivation to study the situation as it can help you know whether to increase your holdings. People who have historically stacked a piece or two a month for many years may want to cut back when prices are higher. Those who have not been stacking a long time but see what is coming may want to pay the higher prices today in order to establish a good size stack on short order. So this needs to discussed as even the bears agree in the long run it will be much higher and so the price differential of a dollar or two today may be looked back upon as chump change when silver is at $50 an ounce and fluctuating in price by $5 a day.

[Paul]

Fair points Katwoman. I do pay attention to what you have to say. It's just that some on here reel out some rather tired opinions that seem more aimed at antagonizing rather than debating.

[TripleD]

Ain't sellin' nothin. I expect silver to drop...possibly to $8-9. My average purchases are about $10. If it does that, I'll double my stacks. My belief is that the crap the gov't is pulling off has yet to hit the streets...both simple knowledge of it all and the $$$ that they are printing. When that happens, silver and gold will fly.

No charts, no TA...just historical perspective.

Someone once said something along the lines of:

If you don't know your past, you're bound to repeat it. It's coming, just hang on.

[pmstacker]

First of all you have no knowledge, its speculation at best. You try to act like you know whats going on when its obvious you don't have a clue. Give us some real information to back up your claim. I'm sick of people who don't have the foggiest clue making predictions on a daily basis. Either make a better case or shut the fuck up!

[Android]

First of all you have no knowledge, its speculation at best. You try to act like you know whats going on when its obvious you don't have a clue. Give us some real information to back up your claim. I'm sick of people who don't have the foggiest clue making predictions on a daily basis. Either make a better case or shut the fuck up!

Welcome to the World of the Luney Brothers.

[other1z]

At least when Other1z forecasts a bearish prediction he backs it up with some logic and reason but what you are saying is pure speculation. Maybe it will happen and if it does your are right that it will be a great buying opportunity since the fundamentals will not have changed but unless the dollar index sky rockets your prediction will not come true. Judging from the double top the dollar now seems to have formed this is unlikely since the dollar futures are now bearish IMHO which is always good for PMs. I think we just saw the last big pull back in PMs and we are going up from here. I could be wrong but IMHO the arguments against silver going higher are much much weaker. Silver can easily support $40 per ounce even with a strong dollar factor in a little more inflation and you could see $50. I do not think we will see it this year but it is not implausible. Under $10 however is starting to look far less likely.

Just to clarify...my forecast was (and is) not for a bearish prediction. It is, in fact, a bullish prediction (as I stated), but a negative trend within the bull cycle. Long term bull cycles have pull-backs on a regular basis. I, personally, believe we will see a sub-$10 pull-back, largely due to the huge round of shorts that came and went, the annual summer lag, the $50'ish price of oil which can't settle on a consistent price, and the whole ETF milieu that is only now being discovered. This pull-back, as I said, is HEALTHY, as it is more evidence that we are shaking out the dead leaves, if you will. BUT...the long term prediction is absolutely bullish.

Conversely, stocks are in the middle of a bear cycle (as any economist will tell you), yet we just finished 4 weeks of positive movement. This type of movement is predictable, and at times calculated, in a bear market...the SAME EXACT WAY a pull-back is in a bull market. The best thing? The PM bull market might last 20-30 more years, and the longer the rest of the financial market exhibits extreme volatility, the longer the PM bulls will run.

Got it?

[Gene Daniels]

Ain't sellin' nothin. I expect silver to drop...possibly to $8-9. My average purchases are about $10. If it does that, I'll double my stacks. My belief is that the crap the gov't is pulling off has yet to hit the streets...both simple knowledge of it all and the $$$ that they are printing. When that happens, silver and gold will fly.

No charts, no TA...just historical perspective.

Someone once said something along the lines of:

If you don't know your past, you're bound to repeat it. It's coming, just hang on.

Here is a couple of quotes about history that I use in my World History class. Although not directly about PMs, they certainly speak to why I stack them:

• History is Philosophy teaching by examples.
(Thucydides; Greek historian 460-395 BC)

• Those who cannot remember the past are condemned to repeat it.
(Santayana; Spanish philosopher 1863-1952)

[Katwoman]

Just to clarify...my forecast was (and is) not for a bearish prediction. It is, in fact, a bullish prediction (as I stated), but a negative trend within the bull cycle. Long term bull cycles have pull-backs on a regular basis. I, personally, believe we will see a sub-$10 pull-back, largely due to the huge round of shorts that came and went, the annual summer lag, the $50'ish price of oil which can't settle on a consistent price, and the whole ETF milieu that is only now being discovered. This pull-back, as I said, is HEALTHY, as it is more evidence that we are shaking out the dead leaves, if you will. BUT...the long term prediction is absolutely bullish.

Conversely, stocks are in the middle of a bear cycle (as any economist will tell you), yet we just finished 4 weeks of positive movement. This type of movement is predictable, and at times calculated, in a bear market...the SAME EXACT WAY a pull-back is in a bull market. The best thing? The PM bull market might last 20-30 more years, and the longer the rest of the financial market exhibits extreme volatility, the longer the PM bulls will run.

Got it?

Got it!! But I am little more optimistic about the depth of the pull backs you rightfully predict. In IMHO we have just had one of the pull backs of which you speak and are now poised for the next rally. In a healthy market a pull back of 50% of the run up is to be expected and since we came from the mid 9s in December to the low 14s in February the recent pull back is just about about 50% of the difference and therefore consistent with this model and with the establishment of the new support level which IMHO is in the mid 12s.

[hiyosilver]

whew! honest opinions are easy to come by these days....here's one from one week ago......



Quote:
Originally Posted by Katwoman http://forums.silverseek.com/images/buttons/viewpost.gif (http://forums.silverseek.com/showthread.php?p=55123#post55123)
I would not count on it going below $12.50 this summer and the next most likely move would be for it to breakout upward. On the contrary it could consolidate somewhere between $17.00 and $14.00 and then hang there throughout the summer before moving another upward move into the $20s in the fall. But I seriously do not see the fundamental supporting a significant pull back.

[Android]

whew! honest opinions are easy to come by these days....here's one from one week ago......



Quote:
Originally Posted by Katwoman http://forums.silverseek.com/images/buttons/viewpost.gif (http://forums.silverseek.com/showthread.php?p=55123#post55123)
I would not count on it going below $12.50 this summer and the next most likely move would be for it to breakout upward. On the contrary it could consolidate somewhere between $17.00 and $14.00 and then hang there throughout the summer before moving another upward move into the $20s in the fall. But I seriously do not see the fundamental supporting a significant pull back.

Silver has a 100% chance of going up or down in the next week.

[LoboNoches]

I'm a Newbie here but even I think that statement is lunacy.Why would I panic and dump on the expectation of getting it all back in around 9$.I'm keeping what I have and if it drops I'll grab a crap load more.Thats like saying I think the housing market is down let me sell my house and move into an apartment so I can buy it back later:p

[Katwoman]

whew! honest opinions are easy to come by these days....here's one from one week ago......



Quote:
Originally Posted by Katwoman http://forums.silverseek.com/images/buttons/viewpost.gif (http://forums.silverseek.com/showthread.php?p=55123#post55123)
I would not count on it going below $12.50 this summer and the next most likely move would be for it to breakout upward. On the contrary it could consolidate somewhere between $17.00 and $14.00 and then hang there throughout the summer before moving another upward move into the $20s in the fall. But I seriously do not see the fundamental supporting a significant pull back.

My position remains the same just because I was off by a couple of cents is meaningless. My position is that we are forming a cup and handle pattern with the handle forming in the mid twelves and that it will breakout from here with a possible stop to consolidate somewhere between $14 and $17 as these are the next to resistance levels. I think we have just witnessed the last pull back before it starts back up and I expect the run up to occur over the next month of so and then for consolidation to occur at resistance level and stay there throughout the summer.

Have I made myself more clear?

[LoboNoches]

My position remains the same just because I was off by a couple of cents is meaningless. My position is that we are forming a cup and handle pattern with the handle forming in the mid twelves and that it will breakout from here with a possible stop to consolidate somewhere between $14 and $17 as these are the next to resistance levels. I think we have just witnessed the last pull back before it starts back up and I expect the run up to occur over the next month of so and then for consolidation to occur at resistance level and stay there throughout the summer.

Have I made myself more clear?

I'm amazed at the fundamental and technical analysis os the market and am looking for site to actually see the charts any ideas

[Katwoman]

I'm amazed at the fundamental and technical analysis os the market and am looking for site to actually see the charts any ideas

Just go to kitco for historical data on silver and to Bloomberg for data on the dollar etc. and to Nasdaq for data on equities.

[What is Truth?]

My position remains the same just because I was off by a couple of cents is meaningless. My position is that we are forming a cup and handle pattern with the handle forming in the mid twelves and that it will breakout from here with a possible stop to consolidate somewhere between $14 and $17 as these are the next to resistance levels. I think we have just witnessed the last pull back before it starts back up and I expect the run up to occur over the next month of so and then for consolidation to occur at resistance level and stay there throughout the summer.

Have I made myself more clear?

Katwoman, I'm trying to understand this. Are you saying that silver should move up between $14 and $17 before summer and then back off again over the summer?

I agree that it appears that the worst of the downturn is now over and I too expect silver's price to at the very least flatten out for a while.

[LoboNoches]

Just go to kitco for historical data on silver and to Bloomberg for data on the dollar etc. and to Nasdaq for data on equities.

Thank oh wise one :p I'm going to try and check it out now certain sites are blocked at my job

[Katwoman]

Katwoman, I'm trying to understand this. Are you saying that silver should move up between $14 and $17 before summer and then back off again over the summer?

I agree that it appears that the worst of the downturn is now over and I too expect silver's price to at the very least flatten out for a while.

I expect it to move up to resistance which would be to at least $14 and then flatten out for summer before moving higher in the fall. That is not to say that it will not go to $17 before summer but if it does this IMHO it will pull back to somewhere between $17 and $14 and stay flat at that level throughout the summer.

[SeekrBrnEvryMin]

Can you post the chart showing the "cup and handle"?

Could you show us what "resistance" looks like on a chart?

(I've got a day-dream sequence all of a sudden where I'm visiting a high school senior classroom and there's a teacher who looks like Katwoman's avatar with a display stack of bullion on the desk and some charts on the overhead projector. And I want to learn about the charts. I'm getting too old.)

[SeekrBrnEvryMin]

Whoops, no Katwoman avatar here. Should be, though.

[LoboNoches]

Lol I'm stuck on the Katwoman surrounded by silver I guess I'm still young:p

[duneyman jr]

At least when Other1z forecasts a bearish prediction he backs it up with some logic and reason but what you are saying is pure speculation. Maybe it will happen and if it does your are right that it will be a great buying opportunity since the fundamentals will not have changed but unless the dollar index sky rockets your prediction will not come true. Judging from the double top the dollar now seems to have formed this is unlikely since the dollar futures are now bearish IMHO which is always good for PMs. I think we just saw the last big pull back in PMs and we are going up from here. I could be wrong but IMHO the arguments against silver going higher are much much weaker. Silver can easily support $40 per ounce even with a strong dollar factor in a little more inflation and you could see $50. I do not think we will see it this year but it is not implausible. Under $10 however is starting to look far less likely.

10 dollars is around the corner lady!! 50.00 is possibly in next 10 years. You wait and see 10.00 is coming.

[duneyman jr]

I'm a Newbie here but even I think that statement is lunacy.Why would I panic and dump on the expectation of getting it all back in around 9$.I'm keeping what I have and if it drops I'll grab a crap load more.Thats like saying I think the housing market is down let me sell my house and move into an apartment so I can buy it back later:p

You cannot be afraid to take risk, thats how people get ahead. If your just buying small amounts no big deal. If your buying small amounts and wanna risk everything and flip this and that it can be good deal. If your buying big, and spent all you could on one big investment. It would be good time to sell and buy back again. It all depends on your situation knowledge and euntrapanuer skills.
MY ADVICE!!
Sell in May and Go AWay!!! Then look for the RUBBERBAND EFFECT(V Ralley)
There you go if you really wanna know whats goin on!!
IF anyone wants to know when the RUBBERBAND EFFECT is coming into play I will let them know.

[maplesilverbug]

...I will let them no.

Uh, yeah. Thanks, but NO thanks. I KNOW all I need to at this point.

Besides, nuanced minds scare me.

[duneyman jr]

Your just seein the results after a ''dead cat bounce'' that came into play last few months. ''Summer Doldrums'' in place right now! Here is all the proof you need, this all make sense and is reality. Use this for your advantage and wait for the ''rubberband effect'' to come.
Well some of you will understand this and thank me someday.
http://www.kitco.com/LFgif/ag0030lnb.gif

[duneyman jr]

Honestly I wouldn't be surprised to see silver drop another dollar or so, but would be a great buying opportunity. As for 9 dollar silver, anything is possible but I seriously doubt it. You seem to distrust silver in favor of gold. Can you explain your reasoning for that point of view?

Ill take a box of gold coins over a box of silver coins.

[LoboNoches]

You cannot be afraid to take risk, thats how people get ahead. If your just buying small amounts no big deal. If your buying small amounts and wanna risk everything and flip this and that it can be good deal. If your buying big, and spent all you could on one big investment. It would be good time to sell and buy back again. It all depends on your situation knowledge and euntrapanuer skills.
MY ADVICE!!
Sell in May and Go AWay!!! Then look for the RUBBERBAND EFFECT(V Ralley)
There you go if you really wanna know whats goin on!!
IF anyone wants to know when the RUBBERBAND EFFECT is coming into play I will let them know.

Thank you for responding in a non-deorgatory manner.I can see your point if someone jump in high and dropped a load of cash that it could be a hurt piece,but 1:I still think it's a good long term investment especially since I'm only 28,2:I don't have alot of money so I grab what I can without hurting myself,3:I never invest more than what I can afford to lose,4:I really do love the shine and feel of silver over gold always have,and 5:It's still a safe haven for my son it's like money in the bank except its safer in my hands and the interest is market value at that point